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The Engel & Völkers News Brief | May 18, 2018

Friday, May 18th, 2018 at 11:00am Engel Völkers

E&V News

Can Culture Transcend Borders? How to Maintain Culture Through Global Brand Expansion
Forbes
When a client walks into an Engel & Völkers shop, be it in Belize, Minneapolis or Budapest, they can expect a certain look, feel and experience.

The Bronx Sheds Image of Urban Blight, Becomes Latest Target of New York City’s Relentless Gentrification
CNBC
The Bronx, once written off by buyers and renters alike, is becoming the next front in New York City's gentrification wars.

Home of the Week: Westlake Village Estate Is Ripe With Over-the-Top Features
Los Angeles Times
Vine-covered hillsides bring to mind wine destinations such as California's Central Coast or Napa Valley, but this gated estate with vineyard lies just west of Los Angeles in Westlake Village.

Mansion Global Daily: Miami’s Surging Sales, Tight Supply in Menorca, and More
Mansion Global
Mansion Global’s daily round-up of the latest luxury real estate news from around the world.

Arrive in Style: Five Homes With Grand Approaches
Financial Times
From a sweeping drive on a Wiltshire estate to archways in Spain.

Americas

Wall Street Is Getting in on the House Flipping Game
Wall Street Journal
Residential transitional loans command juicy interest rates of 8% to 12% but come with risks.

Sellers Aren’t Panicking in Toronto’s Weakened Housing Market
Toronto Star
In the face of a correction in Toronto’s housing market, sellers aren’t panicking. 

International

Germany’s Booming Construction Sector Raises 2018 Forecast
Reuters
The upswing in construction has been encouraged by the European Central Bank’s ultra-low interest rates, a growing urban population and high immigration over the past five years.

Luxury Living

The World’s First Hybrid-Powered Expedition Ship Is a Gorgeous Game Changer
Architectural Digest
The cutting-edge vessel will feature first-rate cuisine, stunning Scandinavian finishes, and over 600 works of art curated by the Queen of Norway.

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