Terraces and gardens are now worth gold
The appeal and value of outdoor spaces has evolved. Considered as one more piece, they can greatly increase the value of a property. In the prestigious residential market they even play an essential role.
Posted today at 11:00 a.m.
The Tour Carrée residence in Cologny.
Naive Prestige Knight Frank
This article was written by the journalists of “Bilan”. Find the follow-up of the news on Bilan.ch
In large cities, such as New York, the exterior spaces of certain luxury goods now have the same value as the interior spaces. In Paris, where properties with access to a balcony, terrace or garden are rare, exteriors are worth gold. And the confinements due to the Covid pandemic have not helped. Mechanically, the exteriors therefore very quickly drive up the price of prestigious housing, pushing to new records in this segment.
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