Most cities around the world are experiencing the impacts of urban sprawl. Those who are chasing their own piece of land are having to go further out of the cities to find it. Creating traffic and infrastructure nightmares. Not to mention the environmental costs with the loss of habitat and natural bushland and farmlands.
However there are many keen people to live in the inner city areas or as close as practical, and are embracing townhouse and apartment style living.
The bustling lifestyle of the city, the dining, the entertainment and stores create an atmosphere of vibrancy. No grass to mow or gardens to tend. Whilst not for everybody but increasingly the attraction for the apartment style of living is gaining pace.
This means that we find many developers continuing to build upwards, seeing the sky as their canvasses. Its flexibility is something to be played with.
Like all property markets the top end never ceases to attract new buyers. Some development companies adjusting to the increasing interest in large apartments are amalgamating units in order to satisfy their customers.
When looking at purchasing an apartment and securing your investment you should look for an exciting location and a sense of individual style. No matter if you're looking at London or New York, your ultimate decision will also depend on other factors such as cost of living, employment opportunities, and the size of your family. An apartment buildings location should be convenient to amenities and offer an active, healthy outdoor lifestyle with functional common areas and street appeal, making it a great place to come home to.