The enormous variety of luxury condominiums for sale across the globe is as a direct result of increasing demand from both investors and those who want to enjoy the prestige and convenience of the luxury condo lifestyle.
During the global financial crisis many people decided to avoid investing in homes, but rather to enjoy the ease of renting a condo or apartment. This has had the direct result of attracting many savvy investors to luxury condominiums for sale.
The beauty of investing in a luxury condo with an eye towards obtaining a rental income as that most luxury condo developments are basically recession proof due to the large numbers of people who simply are not willing to invest large sums in purchasing a property but would rather lease or rent. In addition luxury condo developments that can be found in vacation hot spots are ideal for those owners who want to have tenants for short term leases. Engaging in short term leases allows the owners to also enjoy occupancy of the condo during the high holiday season.
In effect this means that the cost of investing in a holiday home is offset through the rental income that the condo generates when it is not occupied by the owner and their family.
The luxury condo lifestyle is also attractive due to the fact that the amenities found in the luxury condo developments allow the owner or occupier to entertain in the safety of the condo development, as well as enjoy the convenience of a pool, barbecue facilities, conferencing and ballroom facilities and in some of the high end developments even the opportunity to work from the development in a complete office space. Given these attractions is it any wonder that more and more people are attracted to the lifestyle.