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The Engel & Völkers News Brief | May 11, 2018

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

E&V News

Renovated Heritage Home in Toronto’s Exclusive Forest Hill Neighborhood
Mansion Global
The three-story Russell Hill Road home dates to 1912.

Ottawa’s Red-Hot Housing Market Is Country’s Most Active
The Globe and Mail
“This year when [the Van Camps] were starting to look, they were competing with multiple offers,” Harrison Gallon of Engel & Völkers Ottawa Central says. “That’s not usually a hot area – but it is now.” 

For the Right Price, Hidden Valley Offers a Luxury Haven
Los Angeles Times
Space may be at a premium in Southern California, but if you're able to secure a spot in the lavish community of Hidden Valley, there's land aplenty.

Villa With a Musical Legacy: Pierre Boulez’s Home in Baden-Baden
The Wall Street Journal 
The composer-conductor’s German home goes on the market; modernist rigor in a Belle Époque shell.

Germany’s Luxury Boom: Why It Might Be Too Late to Cash in
Mansion Global
Prices have been surging in many German cities, but uncertainty means investors must be selective.

High-end Housebuyers Plump for Palma
Financial Times
The capital of Mallorca was looking rundown a few years ago but now the well-heeled are flocking in.

Americas

From Their Parents’ Basements to Dream Homes: Millennials Are Skipping Starter Houses
USA Today 
Millennials put off buying their first home as they struggled with the aftereffects of the Great Recession.
 
Canadian Residential Real Estate Is Worth Over $4.8 Trillion, Doubling in 10 Years
Better Dwelling
Want to see how wacky Canada’s residential real estate markets have become? 

International

Berlin’s Apartment Market Zooms Ahead
Mansion Global
Prices in prime neighborhoods rose by double digits.

Luxury Living

100 Best Brunch Restaurants in America: OpenTable Releases Its 2018 List
Forbes
All you need is great food, amiable service, and a good environment—plus a well-stocked bar and decent wine cellar. 

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