Introduction
There’s one thing that’s certain about the future of residential real estate: It will always be changing. Whether it’s new strategies for building, financing and marketing homes or consumer behavior in response to those changes, there are trends happening at every stage of the home building process. Say’s Mark Mariani here are three things experts expect to see happen in 2023:
Sustainable building
Sustainable building is about designing homes that are more energy efficient and comfortable for occupants. It also aims to make homes more environmentally friendly.
The trend of sustainable building has been steadily growing in popularity over the past few years, as people become more aware of the effects of climate change on our planet.
Technology-enabled convenience
Technology is increasingly playing a role in the development of new properties. It’s not just about smart home technology, which allows you to control various functions of your home remotely; it also includes connectivity.
Connectivity is important because it allows you to monitor and manage your property from anywhere in the world, providing greater convenience for both tenants and owners alike.
The rise of the rental
The rise of the rental
The number of people renting is increasing, with 58% of millennials preferring to rent rather than buy. This trend is set to continue as more people are priced out of the market and unable to access mortgages. The rental market has been growing steadily for years and it’s expected that this will continue through 2023 as demand increases further still due to an ageing population and a lack of housing supply.
Rental apartments are becoming increasingly popular because they offer better value for money than buying your own property, especially if you live in an area where property prices have risen quickly over recent years (like London). You also don’t have any maintenance costs or responsibilities for repairs when renting property; instead these are taken care off by your landlord who usually pays someone else – usually called tenant service charges – which can include cleaning services etcetera!
There are some big trends shaping homebuilding right now.
There are some big trends shaping homebuilding right now. The rise of the rental, sustainable building and technology-enabled convenience are all having an impact on what people want from their homes.
In a rental market where demand is strong and supply is low, landlords have more power than ever before. This has led to the rise of amenity-rich buildings that offer services such as gyms, swimming pools and even concierge services–all at no extra cost to tenants. As a result, developers must build amenities into their projects if they want them to compete with this new breed of luxury apartments that offer everything under one roof!
Conclusion
We predict that the rise of rental housing will continue, as more people choose to live in apartments instead of single-family homes. This shift has been fueled by changing demographics–such as millennials who want to live in cities but don’t want the responsibilities of homeownership–as well as rising rents due to high demand.
