The Real Estate market in Mallorca is quite different to that in mainland Spain according to long-time resident Marc Pritchard Sales and Marketing Director at Taylor Wimpey Spain.
Smaller developments than on the mainland
First and foremost, while on the mainland construction companies such as Taylor Wimpey tend to build large volumes of property, this doesn’t happen in Mallorca and their latest development, (one of six under construction on the island), Es Volor consists of just 13 two storey town houses.
This low volume high quality building strategy is working very well and Marc explained that sales of Taylor Wimpey…
CHICAGO, March 01, 2024 (GLOBE NEWSWIRE) — From the concept of quiet luxury to the rise of the upscale college town, and from the arrival of the Gen Z homebuyer to the impact of mansion taxes, the luxury real estate market offers a number of interesting storylines this spring and beyond, according to a new report from Christie’s International Real Estate. The findings are based on surveys and interviews with Christie’s International Real Estate affiliates in nearly 50 countries and territories around the world.
Key themes in the report include:
Increased inventory: Most affiliates expect some relief to the inventory…
Aerial view of the roof gardens at Gasholder Park in Kings Cross, London.
Richard Newstead | Moment | Getty Images
The U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region’s strained property market.
An anticipated fall in interest rates and modest economic revival will spur inflows from overseas investors looking to capitalize on “increasingly attractive pricing levels,” new research from international property firm Savills suggests.
U.S., Israeli, Japanese and Taiwanese investors are set to lead that charge, spearheading a 20% rebound in real estate investment activity in 2024 as…
A luxury condo in Whistler, B.C., has just sold for $9.3 million, reportedly breaking a real estate record for the resort community.
John Ryan of Whistler Real Estate Company announced the sale of the 3.5-bedroom, four-bathroom corner unit, located in the private residence area of the Four Seasons resort, as the highest-priced condo ever sold in Whistler.
At $3,677 per square foot, the sale also marked the third-highest price per square foot in the community’s “overall residential real estate history,” according to a news release from the Realtor.
“Very significant sale in what we think is maybe trying economic times,”…
UNION CITY — Fortinet has widened its shopping spree for Bay Area real estate with the purchase of a Union City building, sending the value of its real estate acquisitions in the nine-county region past a half-billion dollars.
The tech company’s property-buying expeditions are even larger in the South Bay than they are in Union City.
All told, Fortinet has paid $535.7 million to buy properties in Sunnyvale, Santa Clara and Union City.
In Alameda County, Fortinet, a cybersecurity company, has spent an eyebrow-raising $209 million to buy several commercial or industrial properties in Union City, according to a review…
Metro Denver’s housing market saw signs of an early spring last month, with both new listings and closings rising sharply, according to an update from the Denver Metro Association of Realtors.
New listings, a measure of seller activity, rose 29.1% month-over-month to 4,243, an increase of 22.6% from a year earlier. Closings were up 31.2% month-over-month to 2,864, but they remained down 0.45% from year-ago levels.
There were 5,511 homes and condos available for sale at the end of the month, an increase of 13.1% from January and 45.9% from February of 2023.
The median sales price for a single-family…
Mark Worrilow teaches in-person and hybrid real estate classes throughout the state.
Mark Worrilow of Fathom Realty sheds light on the absorption rate in the Northern Virginia Real Estate market and its pivotal role in navigating the dynamic Real Estate landscape of Northern Virginia and Stafford County. Worrilow, an expert in the field, delved into why absorption rate holds significant importance for prospective buyers and sellers.
“When people inquire about the state of the market, the terms ‘seller’s market’ or ‘buyer’s market’ often get tossed around without much quantification,” commented Worrilow. “Absorption rate provides that quantification by comparing the number…
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More than two-thirds of home sales in Manhattan last quarter were cash purchases, a record, as high rates on mortgages deter all but the richest buyers.
As mortgage rates hover around 6 per cent, nearly 70 per cent of Manhattan homes purchased in the final quarter of 2023 were bought without a mortgage, according to Pamela Liebman, the chief executive of real estate brokerage Corcoran. Cash purchases jumped from just 55 per cent of transactions in the same period in…