The Engel & Völkers News Brief: June 25, 2021

June 25, 2021

E&V News

Have you dreamed of living in a castle? This Southlake home certainly looks like one
Dallas News
This eight-bedroom and 9.5-bathroom home has plenty of room to host guests or to enjoy living with a large family. The home itself and its separate guest house surround the backyard entertaining areas and the stunning pool and grotto. The property is listed by Roxann Taylor of Engel & Völkers Dallas Fort Worth.

Pent-up demand sends homebuyers looking for a piece of Ibiza
Financial Times
A lockdown of the Ibiza property market from March to June of 2020, travel restrictions, and quarantine requirements have all led to significant foreign buyer activity on the island. Due to the pent-up demand, Engel & Völkers has sold roughly 50 percent more homes by value compared with the same period in 2019.

Historic Victorian Home in Glen Cove Asks $1.7M
Long Island Press
This grand 1.8-acre estate, which has been in the same family for more than 100 years, is now on the market for the very first time. The spacious 19th-century Victorian home has been well-maintained inside and out and boasts a two-story garage in the sprawling yard. The property is listed by Laurel O’Mara of Engel & Völkers Long Beach NY.


Mortgage Rates Dip as Real Estate Market Stabilizes
Yahoo Finance
Mortgage and refinancing rates track each other quite closely as both investors and homeowners take advantage of historic shifts in the real estate market. Mortgage rates for refinancing have dipped slightly as the real estate market continues to stabilize.

Affordability and More Space Are Strong Draws for Canadian Home Shoppers, but Rising Prices and Low Inventories Remain Challenging
Rising home prices have two-thirds of Canadians worried they won’t be able to afford the home they want in the future and are keeping many from breaking into the market today. Many individuals have adjusted to changes that have them re-thinking where, and how, they live.


Work from a park! How a UK homebuilder firm is lapping up remote working trend
The UK’s housing sector has outperformed the wider real estate segment, thanks to government incentives and rising interest in spacious properties suited to the remote working trend. A British homebuilder firm plans to incorporate more green spaces in its developments to cater to the rising demand.


You’ve Never Seen Staircases Like These
Elle Decor
Located in Hawaii, this bohemian property consists of three beach hales (cottages), including one that is at least 80 years old. Its wood-and-stone main house is strongly rooted in Hawaii’s agricultural heritage but bears the influence of Japanese temples in its pagoda-style roof and deep wraparound verandas.

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