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The Engel & Völkers News Brief: Friday, December 23, 2016

Friday, December 23rd, 2016 at 1:24pm Engel & Völkers

As we get ready for the official start of the holidays, we leave you with the week's top real estate and lifestyle news stories. Enjoy and happy holidays!

 

E&V NEWS

RIS Media - Ask the Expert: When Does International Really Mean International?

Today’s Ask the Expert column features Anthony Hitt, CEO of Engel & Völkers North America.

Q: When does international really mean international?

A: First, it’s simply not enough to have industry contacts overseas. Working with a truly international brokerage means that the network, its structure and its agents are consistently credible worldwide and have a proven system with real lines of business moving throughout international markets. (Read more…)

 

Stuart Magazine - Your Guide To 11 Martin And St. Lucie County Neighborhoods

Downtown Stuart - The charm of Stuart’s downtown continues to attract commercial activity by way of restaurants and shops, but an incoming apartment building poses real opportunity for a sustained resurgence. The Triangle Property—encapsulated by Albany Avenue, Joan Jefferson Way and South Dixie Highway—will contain a 49-unit apartment complex built by New Urban Communities. But for now, inventory for home buyers remains low while demand is high, says John Gonzales, of Gonzales of Engel & Völkers Stuart.   “Stuart was voted the happiest seaside town, but we’re seeing a rise in requests for inventory within the core of the city of Stuart,” Gonzales says. (Read more…

 

Luxury Listings NYC - Renowned film producer’s Las Vegas mansion is a musical lover’s dream

The onetime home George Sidney, the producer of feature film musicals  as “Viva Las Vegas,” “Anchors Aweigh” and ‘Bye Bye Birdie” has hit the market in Las Vegas. Located on the prestigious Las Vegas Club, the 11,000-square-foot Bauhaus-inspired residence is asking $1.9 million. It features landscaped grounds and an outdoor pool. According to listing brokerage Engel & Völkers, Sidney hosted stars including Frank Sinatra and Dean Martin and the property, which is within walking distance to the Las Vegas Strip. (Read more…

 

USA

CBS This Morning - Will 2017 be a good year for the housing market?

The number of sales of existing homes this year is expected to reach nearly 5.5 million – the highest since 2006 – but inventory is down. According to real estate firm Trulia, the number of available starter homes dropped by more than 10 percent. What does all this mean for the millions of Americans who are considering buying a home next year? “I think it’s fine,” CBS News business analyst Jill Schlesinger told “CBS This Morning” Wednesday. “It’s been a good year for both existing and new home sales.” (Read more…)

 

CANADA

The Globe and Mail - B.C. to offer loans to first-time buyers as BoC issues debt warning

British Columbia will start offering interest-free loans to help first-time home buyers with their down payments in a market where skyrocketing prices have fuelled an affordability crisis and pushed the dream of owning property out of reach for many. (Read more…)

 

LUXURY

Bloomberg Pursuits - The Six Best Things We Told to Buy This Year

Pursuits is a luxury-oriented vertical, which means the stuff we cover isn't exactly life-saving. In the past 12 months we’ve written about a $440,000 Ferrari supercar, a $660 bottle of face cream made from diamond dust, and an $11.4 million chateau in the Loire Valley. All of those are fun things. None of them are essential. We’ve also happily recommended that readers purchase a $46,000 picnic basket, a $10 million goatskin map, and an $18,885 enamel- plated stove. (Read more…)

 

INTERNATIONAL

Fortune International - Are Australian Housing Prices Finally Starting to Cool?

After years of continuous increases, the latest official data from Australia suggests that home prices in the country's biggest cities are finally beginning to slow. The house price index for Sydney rose by only 3.2% year-on-year up to September, reports Bloomberg—the slowest growth since 2012, following two years of double-digit gains. Official data for Melbourne also suggests that, at a 6.9% year-on-year increase, it was the slowest growth in house prices there in over a year. (Read more…)

 





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