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The Engel & Völkers News Brief: Friday, February 17, 2017

Friday, February 17th, 2017 at 12:00pm Engel & Völkers

E&V News

This $6.9 Million Villa Comes With Its Own Private Island
Bloomberg Pursuits
On Florida's Melody Key, a three-bedroom villa is powered by solar panels and gets its water from the sea.

Vail Tops List of Highest Priced Locations for Ski Properties in North America
Forbes
The highest average sales price for ski properties in North America in 2016 was recorded in the posh ski resort town of Vail, Colorado.

Engel & Völkers Expands Into Montana
RISMedia
Engel & Völkers North America has expanded into Montana, recently opening shop in Bozeman, the company announced. 

North America

Why Falling Home Prices Could Be a Good Thing
The New York Times
The virtues of homeownership are so ingrained in the American psyche that we often forget that housing is also a source of economic stress. 

Fitch Says Canadian Housing Prices Are Unsustainable and Sees Risk of Correction in Some Markets
Financial Post
The booming Canadian housing market is coming under scrutiny in another report, this time from FitchRatings which said Thursday the country’s residential housing is overvalued and at heightened risk of a correction.

International

Dubai Real Estate Deals Hit $11.4bn in 45 Days
Trade Arabia
Dubai’s real estate market has kicked off the new year on a positive note with the value of its real estate transactions hitting Dh42 billion  ($11.4 billion) in the first 45 days, said a report by Dubai Land Department (DLD).

Luxury

Top of the Range: 70 Years of Courchevel
Financial Times
How a farming community became the world’s most luxurious ski resort — where even the fruit is flecked with gold.

Nigeria: Africa Gets Ready for Its First Luxury E-Commerce Platform
Forbes
Lagos is the Los Angeles of Africa. Home to a plethora of the continent’s rich and famous, gated communities, a thriving film industry nicknamed Nollywood, and the Motherland’s biggest consumers of champagne. 

 

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