The Engel & Völkers News Brief: May 29, 2020

May 29, 2020

E&V News

Tyler Perry mansion fetches $15M in a record deal
Atlanta Agent Magazine
The 35,000 square-foot Buckhead estate formerly owned by actor Tyler Perry recently sold for $15 million to an Engel & Völkers buyer, the biggest residential real estate deal in Atlanta this year.

Luxury condo project does $12.7 million in sales with Google Hangouts launch
Livabl
André Parisien of Engel & Völkers Tremblant hosted a successful virtual launch of Verbier Tremblant luxury condos, selling 21 units and doing $12.7 million in sales all via Google Hangouts.

‘Space is the new luxury’: Could the coronavirus prompt an urban exodus in Ontario?
Global News
Max Hahne of Engel and Völkers Collingwood discusses seeing an uptick in Toronto buyers interested in purchasing property outside the city.

Americas

Americans are returning to the housing market, mortgage data shows
Housing Wire
Applications for mortgages to purchase homes gained for the fifth consecutive week while refinancings dropped according to the Mortgage Bankers Association.

COVID Impact: How Home Prices Have Fluctuated Across Canada So Far
Toronto Storeys
Zoocasa compares average home prices and sales between February and April of 2020 in 20 different Canadian real estate markets, showing how prices and sales have fluctuated since the beginning of COVID-19.

International

Europe’s City Centers Pushed Out Residents for Tourists. Could the Coronavirus Reverse the Trend?
Time Magazine
Tourism has ground to a halt in many European towns, prompting advocates across the nation to build support for fairer housing policies.

Luxury Living

North American luxury brands outperform peers financially
Vogue Business
A number of North American luxury brands, such as Michael Kors, Coach, and Ralph Lauren, outperformed European competitors in the Vogue Business financial rankings.

 

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