Headlines

A BARGAIN PICASSO

February 29, 2016

A bargain Picasso Picasso frescoes for sale (with a castle thrown in) for £6.9 million   In 2015, a 1955 Picasso painting, Les Femmes d’Alger, sold for a record-breaking sum of £115 million ($162 million, €147 million). Those with a somewhat lower budget, though, can now acquire a whole series of the artist’s works for just £6.9 million ($9.9 million, €8.9 million) if they buy a château in the south of France.   ...

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WHERE ARE THE PRICIEST HOMES ON THE PLANET?

February 24, 2016

Where are the priciest homes on the planet? In Concierge by adminFebruary 19,2016 Where are the priciest homes on the planet? A year ago, the sale of a penthouse at One57 shook up the New York City real estate world when it shattered the $100 million marker. While that $100.5 million record-setting deal could soon be surpassed — the Chetrit Group is asking $150 million for a penthouse at 550 Madison Avenue and a buyer is reportedly in contract on...

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London’s Suburban Real Estate Prices Are Skyrocketing

February 18, 2016

London landlords looking to make a killing in real estate should avoid the city center and head for the suburbs—that is, if they’re not already too late. Such is the picture to emerge from London’s latest property figures, which suggest that the city’s notoriously expensive inner west may have peaked, while prices in humdrum suburbs are going through the roof. The new figures, shown in a set of visualizations by data scientist Jay Patani,...

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House Hunting in … France

February 11, 2016

A HOUSE WITH TWO POOLS IN PROVENCE $3.9 MILLION (3.45 MILLION EUROS) This six-bedroom home, built in 2006, has the look and layout of a traditional farmhouse in Provence. Its design incorporates materials sourced from the area, including the stones that make up its facade. The house is on a hill between the villages of La Colle-sur-Loup and St.-Paul-de-Vence. It encompasses about 7,320 square feet, including the basement and the indoor pool,...

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Will New York’s White Hot Real Estate Market Fizzle In 2016?

February 8, 2016

New York City’s real estate market has reached blistering temperatures, with record sale prices reported at the end of 2015. In the fourth quarter alone, the average sale price for a Manhattan apartment hit a lofty $1.95 million, representing a 12% jump year-over-year, according to the latest Elliman Report. Over the same period, the median sale price topped $1.15 million while the price per square foot climbed to a jaw-dropping $1,645. In the re...

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THE HISTORY BEHIND THE SUBTERRANEAN RETAIL HUBS OF ROCKEFELLER CENTER, GRAND CENTRAL AND PENN STATION

February 4, 2016

There’s nothing like an epic snowstorm to make you want to hide underground. We recently caught up with Eastern Consolidated principal Adelaide Polsinelli and New York Historical Tours director Kevin Draper and did just that at three of the city’s most famous spots for subterranean shopping. The 22 acres that cover Rockefeller Center were the original home of the New York Botanical Garden, before it moved to the Bronx. In the 1850s, Columbi...

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Brooklyn is officially the most unaffordable housing market in America

February 3, 2016

Brooklyn is officially the most unaffordable housing market in America When you hear the word "Brooklyn," you probably think "hipster." But you should really think "staggeringly unaffordable housing." As New York magazine and Bloomberg report, the borough has become the least-affordable housing market, relative to income, in the US. In Brooklyn "a resident would need to devote 98 percent of the median income to afford the payment on a median-p...

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Brooklyn’s luxury townhouse market reaches record highs

February 3, 2016

Brooklyn’s luxury townhouse market reaches record highs Sales of townhouses over $3M are up 579% in just five years Sales of Brooklyn townhouses are way up Brooklyn's luxury townhouse market is on fire. Sales of Brooklyn townhouses priced at $3 million or more jumped by a jaw-dropping 579% in the brownstone and north Brooklyn markets over the last five years, and almost doubled over the past year, according to a new report by local brokera...

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Prime London Home Prices Dip in Q4

February 1, 2016

According to international property adviser Savills, prime London house prices fell by an average of -0.8% in the final quarter of 2015 to leave them a marginal 0.5 per cent above the levels seen at the beginning of the year, while prime regional town and city markets averaged 4.4 per cent annual growth. The marginally positive average annual house price growth across all prime London is attributable to the performance of property below £2 mil...

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Spain Remains Top European Property Investment Target, Germany Second

February 1, 2016

According to Knight Frank, active investors see Spain as the top investment target in Europe, with Germany following close behind in 2015. Knight Frank's recent European poll showed 27% of over 150 investors identified Spain as their preferred investment target for next year, clearly indicating the strength of its recent recovery with values still well below their previous peak. Humphrey White, Head of Capital Markets at Knight Frank Spain, comm...

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