Niche real estate refers to specialized sectors of the property market. Examples include income property,
garden real estate
Niche real estate refers to specialized sectors of the property market. Examples include income property, garden real estate, condos, equestrian property, vacation property, farm property, golf property, golf course redevelopment, waterfro ...
,
condo
A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex ...
s,
equestrian property A horse community or equestrian community is a planned real estate development or community where people live with their horses on their property or at a facility within the rural or suburban development, with a shared trails network for pleasure r ...
,
vacation property
A holiday cottage, holiday home, vacation home, or vacation property is accommodation used for holiday vacations, corporate travel, and temporary housing often for less than 30 days. Such properties are typically small homes, such as cottag ...
,
farm property,
golf property
The term golf property is used to describe a niche in the property market: residential real estate linked to a golf course. Golf property can be in the ownership of the golf course or in proximity to the golf course. The idea of combining the des ...
,
golf course redevelopment
Redevelopment is any new construction on a site that has pre-existing uses. It represents a process of land development uses to revitalize the physical, economic and social fabric of urban space.
Description
Variations on redevelopment include:
...
,
waterfront homes,
beach house
Beach House is an American musical duo formed in Baltimore, Maryland in 2004. The band consists of Victoria Legrand (vocals, keyboards) and Alex Scally (guitar, keyboard, backing vocals).
Their self-titled debut album was released in 2006 t ...
s and
luxury homes.
These are categories in which potential buyers think about the property they seek. They are also used by
real estate market
Real estate business is the profession of buying, selling, or renting real estate (land, buildings, or housing)."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011
Sales and marketing
It is common practice for an intermed ...
ing companies to reach these types of buyers. In this context a niche describes a specific segment of home buyers and sellers, classified by ethnicity, nationality or socio-economic group (e.g.,
social housing
Public housing is a form of housing tenure in which the property is usually owned by a government authority, either central or local. Although the common goal of public housing is to provide affordable housing, the details, terminology, d ...
or
luxury real estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
).
Types
Garden real estate
Garden real estate include properties with a significant garden design that contributes to the overall value of the property. These properties originate in three different ways: gardens that are designed by prominent landscapers, gardens that were designed by architects or professional landscapers, and gardens that were designed by the previous owner.
Golf properties
Golf properties include residential properties and communities surrounding golf courses. The value of these properties may increase through being near well-established golf courses.
Condominiums
Condominiums are individually-owned single housing units in a multi-unit building. Condominiums can be residential or commercial, such as office condominiums.
Equestrian or farm properties
References
{{DEFAULTSORT:Niche Real Estate
Luxury real estate