For international homebuyers, bigger is better. And it helps to have a pool.
Buyers Go Big
- Average size of purchased homes is trending upward
- Buyers want space for home offices, children, outdoor leisure
- Amenities such inground pools & large private lawns in demand
The current trend in residential real estate is favoring private homes in gated communities, and the international luxury real estate market is heating up as people are seeking alternatives to urban and densely populated regions. Real estate near large cities is soaring, but some are thinking far beyond the suburbs to that now-tangible dream of relocating to the Caribbean.
Interest has expanded to include larger homes, with buyers searching for more generous layouts with space to work from home, care for children and enjoy the outdoors where social distancing is already built-in. A private swimming pool, palm trees and ocean views are the benefits of a residence in the Dominican Republic. Being within walking distance to the beach is very attractive as well.
The need to accommodate the activites of an entire family and professional working parents all within the confines of a private compound are at the top of homebuyers list of priorities. Javier Vivas, Realtor.com’s Director of Economic Research states “With the lockdowns and lingering health concerns, buyers of all ages are placing more value on extra space and privacy, with more opting for safer and larger spaces at the expense of [the] urban living lifestyle,” he adds. “That’s made the suburbs and exurbs more attractive, particularly for households who can afford the price tag and those who can work virtually.”
Caribbean towns such as Cabarete, Dominican Republic with lavish houses on multiacre lots are in high demand, particularly ones within a short travel distance to places such as New York City, Miami and Madrid. The exclusive community resort Sea Horse Ranch is an ideal choice for families looking to relocate and enjoy the island lifestyle, while still enjoying the comforts of modern living.
Contact us today to learn more about our real estate offerings at Sea Horse Ranch.