Houses, apartments, and other properties rely on real estate agents to showcase them for potential buyers. Luxury and everyday residential real estate both have the same goal of housing people in the market to buy a home, but they are very different with what they advertise and provide.

Space

Space is a huge difference between the two with luxury providing more space and more amenities than residential typically. The rooms tend to be bigger in not only space, but height as well.

Prices

Everyday residential tends to be cheaper in price than luxury with what it provides. This leads to having more investors and buyers as the competition is higher as opposed to luxury with less investors but more exclusive clientele.

Location

Desirable locations tend to be in less populated areas, accompanied by more upscale living standards and certain attractions or businesses being close by. Residential is more flexible with locations as they can show up anywhere in suburban or urban areas.

Learn more about Italian-born real estate developer Ugo Colombo, CMC Group President.