In Beşiktaş, luxury alone is not the defining factor of a premium residence.
The criteria defining a luxury residence primarily relate to the building's technical specifications.
"Luxury residence" is a term frequently heard in the real estate sector.
There is another expression used much less often: "premium residence."
What is the difference?
The criteria defining a luxury residence primarily relate to the building's technical specifications.
It is acceptable for a luxury residence to be located in an area of average standing.
The quality of construction materials (both for the building and the interiors), the spaciousness of the floor plan, the originality of the interior design, social amenities, and the view are the main factors determining whether a residence falls into the luxury segment.
In the case of premium residences, while the criteria associated with luxury housing are often present, they are not always mandatory.
The primary factor defining the premium residence category is whether the property is situated in one of the most exclusive living areas of the region.
For instance, in Beşiktaş, areas where premium residences might be found include Etiler, Ulus, Bebek, and the Bosphorus waterfront axis.
Key characteristics of a premium residence also include its openness and views—particularly a panoramic Bosphorus view or a striking cityscape.
While the age of the building is a significant factor in the premium segment, it is not a strict requirement.
The location and view can be so exceptional that a property may still be classified as a premium residence even if the building is older.
Another crucial aspect of a premium residence is the spaciousness of its floor plan.
It is unlikely for a small apartment lacking a sense of spaciousness to reach the level of a premium residence.
In summary, "luxury residence" largely refers to the quality of the structure itself, whereas "premium residence" signifies—in addition to structural quality—the rarity of the location, the value of the lifestyle it offers, and its long-term prestige. That is why, while every premium residence largely embodies luxury features, not every luxury residence qualifies as premium.
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