The Engel & Völkers News Brief: February 5, 2021

February 4, 2021

E&V News

House Hunting in Canada: Octagonal Riverfront Views Outside Ottawa
The New York Times
Richard Rutkowski, a broker at Engel & Völkers Ottawa, highlights market trends for the Canadian Housing Market. Canada’s fourth-largest city, saw home prices balloon in 2020, fueled largely by a surge in demand and “inventory at historic lows”.

David Bowie’s former Central Park spread with Iman finds a buyer
New York Post
Just down the hall from Bowie’s former ninth-floor unit, David Ensign, the son of the late Vegas casino owner Mike Ensign, also just closed on an apartment for $3.85 million. The listing broker of Ensign’s unit was Dolly Hertz of Engel & Völkers.

Home Movers Flocked to Decisive Battlegrounds Ahead of 2020 Election
Mansion Global
Kathryn Scarborough, a luxury agent with Engel & Völkers spotlights emerging trends in Austin, Texas. Fast-growing metros like Austin are helping turn the Republican stronghold into a swing state, “Austin is a blueberry in a big red apple.”

Americas

Millennials Are Changing the Luxury Real Estate Market
Bloomberg
Tech-savvy and environmentally conscious, millennials’ preferences are poised to dramatically reshape the high-end housing market. Breaking from the notion of a “starter home” that older generations embraced, wealthy millennials, are going big.

After a brief lull, Canada’s priciest real estate market just got busier — and even more expensive
Financial Post
After a period of calm, The Metro Vancouver region is revving up again. Residential home sales in the Greater Vancouver area rose 52.1 percent to 2,389 in January, compared to the same period last year, according to The Real Estate Board of Greater Vancouver.

Global

Covid an ‘accelerating lever’ in the Spanish market
Property Investor Today
Engel & Völkers Spain reported a total of 2,624 transactions worth just over $1.9 million USD in 2020. Juan-Galo Macià, CEO of E&V Spain, comments: “Although the coronavirus has slowed the upward trend in real estate sales transactions, it has also acted as an accelerating lever in the rental market.”

Luxury Living

10 Tips For Creating A Serene Space
Elle Decor
Interior designers demonstrate how they create serene homes that counteract stress and create relaxation.

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