I just moved from the United States, I will give my perspective on this market because I am familiar with it. Real estate is a local industry. Whether luxury real estate varies greatly from market to market. The average price of a house in the Jacksonville FL area when I left it was 110,000 dollars, so the agents working with more than 500,000 dollars clients considered themselves as luxury agents. The average price of homes on Kauia on the north coast is more than 1 million dollars.
You can get luxury homes for sale in Jacksonville FL with good views for 3-4 million dollars, but the truly luxurious ones usually start at around 8-10 million dollars. That said, staying or owning any property in Jacksonville FL was luxury. Whether it’s a $ 500,000 condo or an amazing perfect house with $ 13 million located on a pristine beach.
Jacksonville FL is a luxury you can see. In each market a “luxury” client is defined by the market. Whatever is important to them is luxury. If you can have anything you want, you tend to have opinions about what you really want. Here are some common things that people with large budgets tend to care about (some of them are conflicting):
Function (for their lifestyle)
Beauty (however they define it)
To get the luxury of a residence, adjust it to the funds you provide. Building a designer home is not as easy as people imagine, more or less the same as a real luxury home. Everyone can install interesting water taps or draw funky houses, but making them real is often more difficult than others imagine.