As the decade of the 2020s reaches its halfway point, there are big changes in store for the European real estate market. Factors behind the transformation include demands for sustainability, the desire among aging owners to remain in their homes, and a whole new set of lifestyle preferences among younger owners. Everywhere on the continent, there are trends emerging that could lead to a total restructuring of the marketplace. Investors and homeowners are focusing on quality of life, long-term ownership, safety, and mobility. During this year and next, the following trends will continue to lead the European real estate market.
Installing Home Lifts
One of the major trends in the European residential real estate market is the installation of domestic lifts. In the 2020s, more and more families are residing in multi-level homes. That means lifts are becoming more than a luxury but also an essential part of practical living. Lifts make it easy for people of all ages to get from one floor to another. Already, the demand for accessible homes has far outstripped the current supply.
Elderly people enjoy a special benefit from lifts as they no longer need to use stairs or risk falling on steep flights of steps. The demand for lifts has been rising for more than a decade. The units add to the appeal of homes and make the property more functional. Anyone who wants to learn more about domestic lifts should consult the UK-based home lift comparison brand of their choice. Today’s house shoppers are in search of practicality and physical comfort. A home lift delivers both those benefits in one sleek, affordable, convenient package.
Converting Spare Bedrooms Into Home Gyms
The pandemic of the early 2020s transformed the way people think about health, wellness, and personal fitness. This major change has caused a widespread move among homeowners to convert spare bedrooms into small workout gyms. Having a personal space for working out makes it easier for people to exercise regularly. That’s just one reason home bedroom conversions rank as the number one improvement project.
Especially for those who reside in large cities where living space costs more, there are huge benefits to having a special room that offers adaptability, convenience, and the chance to exercise any time of the day or night. Individuals who are currently house shopping are willing to pay more for structures that include designated spaces for private gyms. Owners who invest in this renovation can expect to get more than their money’s worth.
Adding Rooftop Solar Panels
As property owners become more aware of climate issues and the benefits of sustainable living, Europeans are increasingly choosing to add rooftop solar arrays to their houses. Fortunately, it’s easier and more affordable than ever to take on this improvement thanks to government subsidies in the form of tax incentives. Residential solar panels pay for themselves in little more than a decade. Plus, they can substantially add to a property’s current value and potential selling price.
Solar energy also helps owners minimize their utility bills and carbon footprint. Buyers who value sustainable structures are willing to pay a premium for homes with solar panels. New installations are booming all over Europe, but especially in nations whose governments offer substantial incentives to homeowners, like the Netherlands, Spain, and Germany.
Emphasis on Outdoor Spaces
A subtle but significant change in the real estate market is a focus on outdoor spaces, like balconies, gardens, barbecue pits, greenhouses, porches, and terraces. Today, individuals are discovering the many advantages of spending time outdoors. The physical rejuvenation and mental stimulation are just two of the benefits. Home buyers tend to prefer properties that include outdoor spaces where they can enjoy nature, entertain, or just kick back and relax. Investments by developers and homeowners are surging toward properties that feature outdoor kitchens, open patios, and other functional areas that are out of doors.
As people continue to seek more balanced lifestyles, there will be an increased demand for houses that integrate outdoor living spaces into their general design and layout. The European residential housing market is undergoing a long-term change when it comes to the incorporation of open-air porches, skylights, rooftop sitting areas, backyard picnic areas, and cookout patios. The trend shows no signs of slowing down as long as buyers continue to favor such homes.
