A house or apartment with a “view” – any kind of view – is a luxury which commands a LARGE PRICE premium over those with no view.
In urban areas a home with a view is rare, and home-hunters get excited even at the prospect of a “partial view”. Any kind of view ramps up the desirability – and thus the selling/rentable value – of a home. Within the densely-packed buildings of most cities – especially as you get closer to the centre – any potential views are usually obstructed by nearby buildings and/or ruined by noisy roads, expanses of concrete, advertising hoardings, transmission poles, or the many other manifestations of urban ugliness.
Geography conspires to limit views since most cities are built on wide flat plains and – of those situated by a sea, lake, river or mountains – only expensive homes will have a direct frontage to those. The only “view” that the great majority of urban homes have is of the building next door or the one across the street. Anything more – a park view or a green hillside or – most sought-after of all, a water view or mountain view – or even partial views or “glimpses” of those – commands a hefty price premium.
Big money doesn’t always buy a view as many London riverside apartments don’t actually have a river view. Those advertised as “from £600,000” are the cheapest ones facing onto adjacent buildings or away from the river.
Mosman Bay, Sydney
In the 1980’s I lived in Sydney – a city noted for its water views, but un-affordable except for a wealthy few. Although I lived just a stone’s throw from famous Bondi Beach my modest ground floor flat (now worth well over $1 million) had neither balcony or a view, but it didn’t bother me at the time as I had never expected or imagined ever being able to afford one either. However, after re-locating to Cape Town in the early 1990’s, I discovered to my delight and amazement that my supposed “white privilege” afforded me PANORAMIC MOUNTAIN AND SEA VIEWS at a bargain price..! But the real revelation was that – for the first time in my life – I was able to observe the rising and setting of the sun and the moon and the seasonal changes of their position relative to the horizon. To country people this may sound trivial, but for someone who had always lived in a city, or a large town, it was a revelation..!
OA-Cities will enable AFFORDABLE VIEWS FOR ALL..!
External-facing apartments will have patios with UNOBSTRUCTED PANORAMIC VIEWS. Interior-facing will overlook an awesome atrium, resplendent with sub-tropical plants and water-features – all bathed in natural light from a huge “Pantheon-esque” open roof
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