Location Ventures‘ CEO Rishi Kapoor was featured in South Florida Business & Wealth Article titled “Question of the Week: How has the local single-family home-buying frenzy created a ripple effect, leading to a boost in luxury condo sales?”
“Right now, the high-end residential market is selling for a premium,” Kapoor says. “As many locals are benefiting from the sale of their estates, we’re seeing buyers who are looking to ‘right size’ into spacious condos in a boutique building. Many are attracted to the hassle-free lifestyle, with perks such as a 24-hour concierge, comprehensive amenities, and much less upkeep. At Villa Valencia, we are also seeing a change in buyer demands, who are hyper-focused on wellness, health tech, ample outdoor space, and the opportunity to customize; they are also creating custom home offices. The demand for these attributes are much stronger than the previous market cycle and we believe it will continue, becoming the new standard”
