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The Engel & Völkers News Brief: Friday, June 23, 2017

Friday, June 23rd, 2017 at 9:16am Engel & Völkers

E&V News

Engel & Völkers Strengthens Vail Valley Presence With New Addition 
Engel & Völkers North America has strengthened its presence in Vail Valley, Colo., with the addition of a new shop in Beaver Creek, the brokerage’s fifth location in Colorado, the company recently announced.

Sir Ivan Upgrades To $10M South Beach Penthouse
New York Post
Ivan Wilzig, professionally known as recording artist and philanthropist Sir Ivan, has just paid $10.2 million for a penthouse at the W South Beach, designed by Yabu Pushelberg.

German Real Estate Crowdfunding Market Booms
Crowdfund Insider
The German real estate crowdfunding market is set to more than triple in size this year. 

$2.8 Million Beachfront Home Sale Raises Bar for Ft. Lauderdale Luxury Real Estate
One of only 31 estates in the exclusive oceanfront neighborhood on A1A north of Sunrise Blvd., 1799 N. Fort Lauderdale Beach Blvd., Fort Lauderdale, recently sold after just 134 days on the market.

Usaquén, Bogota’s Upscale Bohemian Neighborhood, Offers Deals for Buyers
Mansion Global
Conveniently located just northeast of Bogotá, Usaquén is one of the 20 localities (districts) that make up Colombia’s capital city. 

Riviera Reboot: How Macron’s Victory Could Boost Property Market
Financial Times
Sales are climbing again on the Côte d’Azur as tech-savvy, younger buyers target ‘brand name’ locations.

Million-Dollar Housing Boom: Cities Where Seven Figure Listings Have Skyrocketed
Time was, a million dollars seemed to evoke so much to everyday Americans. Swanky vacations in the French Riviera.

Closing Time: Best Tips and Tricks for the Housing Market
Stuart Magazine
Real estate—it’s back, baby! As the highs (yay!) and lows (ugh!) of the housing market so profoundly taught us all during the last few years, real estate is the grease, gas and engine of the U.S. economy.

Miami-Style Luxury on Kinsale’s ‘Golden Mile’ for €2.75m
The Irish Times
Corafinne is situated in the most sought after location in Kinsale, Co Cork, and offers spectacular views.


North America

Existing-Home Sales Rise 1.1 Percent in May; Median Sales Price Ascends to New High
Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high while pushing down the median days a home is on the market to a new low, according to the National Association of Realtors®.

Toronto’s Real Estate Market Sees Shift Away From Earlier Frenzy
The Globe and Mail
Some calm seems to be returning to the Toronto area’s real estate market after a turbulent few weeks.



China's Real Estate Investors On A $200B Global Spending Spree
In 2015, Wendy Wei Mei Wu, a self-described billionairess housewife, bought a $ 5 Million Zealand island as a "toy."


Luxury Living

Your Next Car May Be a Living Room on Wheels
The Wall Street Journal 
A driverless future may transform automotive interiors. In fact, some of that future is already here.

3 Ways To Spruce Up an Open Plan Living Area
Mansion Global
Each week Mansion Global tackles an interior design topic with an elite group of designers from around the world who work on luxury properties. This week we look at what to do with an open-plan area.

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