"The rich are increasingly looking for properties that can accommodate extended families, according to the 2026 Luxury Outlook report by Sotheby's International Realty. Millennials and Gen Xers are driving the shift as they search for homes that work for both young children and aging parents. Bradley Nelson, the company's chief marketing officer, spearheaded the report. He says nearly one in five purchases in the US is made by buyers who plan to live with relatives beyond their immediate family,"
"Nelson says wealthy buyers are prioritizing features like guesthouses and fully detached apartments in their searches. In cities like New York and Miami, there's demand for adjoining apartments that can be combined to create multigenerational spaces. But the trend goes beyond renovations, Nelson says, and is increasingly shaping what architects and developers are creating in new properties. This includes an increase in multiple primary bedroom suites. Beyond private bathrooms, these primary bedrooms are also increasingly designed with small sitting rooms or office areas for privacy"
Wealthy buyers, led by Millennials and Gen Xers, are seeking homes that serve both young children and aging parents. Nearly one in five US purchases involves plans to live with extended relatives. Buyers prioritize guesthouses, fully detached apartments, and adjoining units in cities to create multigenerational spaces. Architects and developers are responding by designing new properties with features like multiple primary bedroom suites. Primary suites increasingly include small sitting rooms or office areas to provide privacy. Multigenerational arrangements range from full-time shared living for childcare or elder care to seasonal shared vacation homes.
Read at The Mercury News
Unable to calculate read time
Collection
[
|
...
]