What is the penthouse? Your sky-high luxury living

2024-03-09

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What is the penthouse? Your sky-high luxury living
Do you want to buy a high-rise apartment but are not sure if a penthouse is right for you? Many people want to upgrade their lifestyle by purchasing a luxury home, but they are still deciding whether to choose an independent villa with a spacious garden or a luxury apartment with a stunning view. In this post, we will define the penthouse to learn about its benefits and disadvantages.

What Is a Penthouse?

In general, the penthouse is located on the building's last floor, where the apartment is expansive, more private, and has a wonderful panoramic view. The penthouse may feature the finest views of any unit in the building, taller ceilings, and a layout that is unique to the other flats.

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Nowadays the penthouse meaning changed and it refers to any luxury apartment in the building with exclusivity and elegance. It shouldn’t be on the top floor as it was known before. However, it features a different layout and design that makes it unique and stand out from other apartments in the same building. Most penthouses include a prominent private outdoor space or access to private roof space. So for those seeking luxury life, a penthouse is a good choice. But before you decide learn about the pros and cons.

The Development of Penthouse

The concept of a penthouse first emerged when designers and architects considered how to create living space on building rooftops. This architectural style made its debut in New York in 1923 at the magnificent Plaza Hotel. With its unique perspective of Central Park, the roof area was utilized to create a premium apartment.

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In today’s market, luxury buildings are no longer customary to have only one. Instead, many units are designated as penthouses to indicate that they differ from other flats. Penthouse apartments are widely regarded as the peak of the real estate market, and they are often the most costly, with stunning views, spacious living rooms, and first-rate facilities. As a result, they are frequently linked with a luxurious lifestyle.

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The Benefits of Buying a Penthouse

Breathtaking Views

The most essential element of the penthouse is the breathtaking view of the city, the beautiful scenery, or even the distant mountains on the horizon. If the view is not stunning and pleasant, you should not spend money on it. The luxury in this type of real estate is the view of the properties. This is not an exaggeration because the view has a magical way of relaxing us and making us feel relaxed after long hours of stress.

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Privacy and Quite

Penthouses, which are located on the topmost level of a building, benefit from two significant advantages: privacy and tranquillity. They are more difficult to reach than ground-floor apartments, which provide a sense of security when compared to other flats. Furthermore, penthouses are often placed away from the street, offering additional privacy and a quieter setting in which to sleep and unwind in your holiday sanctuary.

Luxury Features and Amenities

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Investing in a luxury penthouse means you’re investing in the best. This includes the high-end features you’ve come to expect from a luxury property.  Standard features to expect from a luxury penthouse are  A flexible open floor plan, High ceilings and Private outdoor space.

Penthouses can provide a variety of amenities and conveniences that are not accessible on ground-level residences. These include swimming pools, balconies, gyms, and even private elevators.

Attractive Investment

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Because high-end apartments are rare in the real estate market, demand constantly exceeds supply, providing a perfect opportunity for profit when selling your luxury penthouse. Penthouse owners frequently get a great return on their initial investment, with less concern about their home degrading in value. As a niche market sector, penthouse owners also benefit from a quicker selling procedure.

The Drawbacks of a Penthouse

Although penthouses are magnificent living areas, they come with few limits. Penthouses are always higher in price in the market compared to normal apartments. This makes it difficult for people with limited budgets. To keep the penthouse in excellent shape, the owners must undertake upkeep fees. Another disadvantage of living on the top floor is that it needs long elevator rides, which might be inconvenient if you are in a hurry.

How Much Does a Penthouse Cost in Turkiye?

Penthouses are generally 5% to 15% more expensive than other flats in the same building due to their stunning views and luxurious amenities. However, if you are tempted to spend more, be sure it is worth it.

The price of a penthouse in Turkey varies substantially based on many criteria, including location, size, and view.

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However, to give you an idea, luxury penthouses in great locations with spectacular views and top-of-the-line facilities are expected to cost more than $400,000 and reach into the millions.

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Nilufer Residences

  • The Nilufer Residences project is in the Osmangazi area of Bursa, a green city.
  • The project is adjacent to the public transportation offering easy accessibility to other parts of the city.
  • The project comprises a retail and entertainment complex with a total building area of 70,000 m2 across four storeys and roughly 200 premium businesses.
Esintepe Residences

  • The project is located in the Esintepe neighbourhood of Istanbul's seaside Kartal district, on the Asian side.
  • The project provides a variety of residential flats, ranging from 1+1 to 4+1, with ample space and well-thought-out layouts.
  • The project meets the real estate investment requirements for obtaining Turkish citizenship.
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