April 28, 2018

SPAIN’S property market has been ranked the fourth most rewarding investment opportunity in the world.  In the new 2018 ranking by Afire, the holiday hotspot moved from sixth in the ranking last year to fourth, leapfrogging the UK, who moved down from third last year to fifth. With 30% of respondents’ votes, the US remains the country most likely to make you money on your property investment. Brazil took second place with just under 25% o...

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Spanish property market has strong start to 2018, especially in Madrid and Palma

April 27, 2018

  The residential property market in Spain is seeing continued growth in the first quarter of 2018 as prices increased overall by 3.8% year on year, with activity led by Madrid and Palma de Mallorca. The capital city saw prices increase by 17% in the first three months of this year compared to the same period in 2017 and by 14.7% in Palma de Mallorca, according to the latest index from appraisal firm Tinsa. Prices also increased strongly in ...

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Exclusive Reveal For $700 Million Harlem River Yards Mega-Project, Including New York’s First Soccer Stadium Designed By Rafael Viñoly

April 26, 2018

Harlem River Yards, image by Rafael Viñoly Architects When it comes to new developments, stadiums are a rarity in New York City. But today, YIMBY has the first look at an enormous project coming to the South Bronx waterfront, dubbed Harlem River Yards, submitted to the city by a Related-led partnership. The plans would rise adjacent to Somerset Partners’ assortment of new towers already in the works, adding another major affordable housing bu...

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Manhattan Luxury Market Springs to Life

April 25, 2018

High-end activity has had the best start to spring since the boom days of 2015 A view of Midtown Manhattan ALEKS IVIC VISUALS / GETTY IMAGES Despite uncertainty whipping around Manhattan’s luxury market, it has had the best start to spring since the boom days of 2015, according to the Olshan Report Monday. Well-heeled buyers signed contracts for 25 homes priced over $4 million in the week ending Sunday, accord...

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Want to buy a house? Better make it quick

April 24, 2018

Median home only took 81 days to sell last year People on the hunt for a new home will need to make their final decisions quickly. A new Zillow Group report found that the median home in the U.S. only took 81 days to sell in 2017. That includes the closing, which generally takes four to six weeks, which means the homes are only on the market for about 30 days. This is a new record dating back to at least 2010, when Zillow started keeping ...

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Los Angeles Has Officially Legalized Street Food for the First Time Ever

April 23, 2018

There are still some framework discussions that need to take place A pushcart vendor in Echo Park In a landmark decision made just an hour ago, the Los Angeles City Council has officially approved the legalization of street food within city limits. The vote passed at 11-4 in front of a crowd of hundreds, though even advocates of street food are quick to remind everyone that work remains to be done. Essentially today’s City ...

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Down on French Wine? Give These Five Lesser-Known Regions a Taste

April 22, 2018

From Saumur to Saint-Joseph, there are affordable, top-tier wines to be found if you know where to look.   Photographer: robertharding/Digital Vision You love Burgundy, but oh, those prices. You can’t drink Champagne all the time, and Bordeaux is just not what you’re craving.   So? There’s plenty of other French wine you shouldn’t miss out on. I’d argue the country is still the world’s No. 1 spot for the combinati...

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SpaceX to build Mars rocket at the Port of Los Angeles

April 21, 2018

    SpaceX plans to open up shop at the Port of Los Angeles where it'll work on research, design and development of its Mars rocket. Los Angeles officials said Monday that a tentative lease agreement would allow SpaceX to take over a dormant building at the port in a move that could bring as any as 700 jobs to the area. The deal is expected to be approved by board of harbor commissioners on Thursday. SpaceX won't have to p...

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Bel Air spec house gets a $62M price chop

April 18, 2018

It’s no longer the nation’s most expensive house Called Billionaire, the spec house has 12 bedrooms and 21 bathrooms.  Courtesy of Bruce Makowsky/BAM Luxury Development An enormous Bel Air mansion that hit the market last year with a $250 million price tag is no longer the nation’s priciest listing, after a healthy $62 million price reduction. Dubbed Billionaire, the 38,000-square-foot spec house was built by developer B...

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Ten brilliant day trips from Madrid

April 18, 2018

Sunset in Segovia. Photo: mariusz kluzniak/Flickr. Looking for the perfect refuge away from the city? The Local brings you Madrileños' top destinations for a day trip from the capital. El Escorial and the Valley of the Fallen The Monastery of El Escorial. Photo: Daniel Lázaro Fernandez/Flickr. Just an hour away from Madrid is the town of San Lorenzo de El Escorial, dominated by the vast palace-monastery built by Philip II.  Declared a ...

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