The Engel & Völkers News Brief: July 3, 2020

July 3, 2020

E&V News

Matt and Chris Town open Engel & Völkers shop in Kamloops
REM
Engel & Völkers has officially opened a shop in downtown Kamloops, British Columbia under the leadership of license partners Matt Town and Chris Town to serve the communities of Kamloops, Sun Peaks, and Shuswap.

English Tudor-Style Mansion in a Storied Atlanta Neighborhood
Mansion Global
This brick English Tudor-style house in Atlanta’s historic Druid Hills neighborhood was the longtime home of Eléonore Raoul, the first woman to be enrolled at Emory University in Atlanta and a leading activist in the cause for giving women the right to vote.

HUD Secretary Ben Carson Sells Virginia Home for $1.35M
Realtor.com
Housing and Urban Development Secretary Ben Carson sold his Virginia home for $1.35 million in late March. Carson was represented by Julie Brodie with Engel & Völkers.

Americas

The Forces That Will Reshape American Cities
Bloomberg CityLab
The pandemic will likely accelerate the pull of the suburbs for families while pushing young people and businesses into more affordable urban areas.

Most Of Canada’s Major Real Estate Markets Have Softened Since The Pandemic
Financial Post
The pandemic has cooled down most Canadian real estate markets, and not just sales volumes. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) is deteriorating in most major markets.

International

What next for Santorini’s property market?
Financial Times
The island’s rising popularity with tourists has made it a magnet for property investors, who rent out their homes to holidaymakers on sites such as Airbnb, and tourists are slowly returning to Santorini now.

Luxury Living

Despite coronavirus, top luxury brands’ value increased: Report
Fox Business
Despite the economic downturn caused by the coronavirus pandemic, luxury brands still increased in value, according to recent reports.

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