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The Engel & Völkers News Brief | December 1, 2017

Friday, December 1st, 2017 at 11:00am Engel Völkers

E&V News 

Real-Estate Developer’s Coral Gables Home Seeks $12.9 Million
The Wall Street Journal
The sellers are Don Peebles and his wife Katrina; Mr. Peebles’s firm has a multi-billion-dollar portfolio of condo projects, hotels and office properties.

‘Space cowboy’ Steve Miller’s Home is Down-to-Earth
Toronto Star
Classic rocker surrounded himself with nature’s beauty at Idaho retreat.

Engel & Völkers Minneapolis Downtown Debuts Virtual Reality Theater
RISMedia
Engel & Völkers Minneapolis Downtown has debuted a Virtual Reality (VR) Theater, equipped with Oculus Rift goggles, the company recently announced. 

BC’s Ski Real Estate Sees Blistering Demand
REW
After post-Olympic freeze, ski-home market has gone from thawing to sizzling – a problem for resort employees.

Be Loire Abiding in a French Château
Financial Times
Would-be winemakers can find some rich pickings with proximity to Paris.

City West: Berlin’s Latest Hotbed of Cool
The Wall Street Journal
City West has tree-lined squares, new penthouses and homes with Old World charm.

Americas 

Pending Home Sales Strengthen 3.5 Percent in October
NAR®
Pending home sales rebounded strongly in October following three straight months of diminishing activity, but still continued their recent slide of falling behind year ago levels, according to the National Association of Realtors®.

Sales Will Be Down in 2018, But Not Prices: B.C. Real Estate Association
GlobalNews
The British Columbia Real Estate Association is out with its fourth-quarter housing forecast, and it’s predicting residential sales will decline by 10 per cent in 2018, after an expected drop of 8.8 per cent in 2017.

International

Value of UK's Housing Stock Soars Past £6tn
The Guardian
Biggest rises of the past decade seen in London and the south-east, with the over-55s holding almost two-thirds of the wealth.

Luxury Living

Switzerland: Your Unexpected Next Wine Destination
Vogue
If you ask a local why you’ve never tasted Swiss wine before, they’ll probably tell you, “We drink it all ourselves.” And that, more or less, is true.

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