The City Center Remains the Most Desirable Address

Thirty-seven percent of luxury home buyers expect to purchase in the city center, where investors outnumber primary home buyers.

This dynamic is predicted to cause investmentgrade properties to come off the market more quickly while dwellers search for turnkey residences — the results being an increase in home prices for city center luxury properties.

Luxury buyers are interested in city living for a variety of benefits: nearby shopping, restaurants/night life and a shorter commute. What they will not sacrifice is the quality of schools — whether public or private — and access to parks and nature. Bonuses of being downtown include culture and medical facilities. Parking is the real treat for this buyer.