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The Engel & Völkers News Brief | February 9, 2018

Friday, February 9th, 2018 at 12:00pm Engel & Völkers

E&V News

House Hunting in … Hong Kong
The New York Times
Regardless of whether they are purchasing a first or second home, foreign buyers pay a stamp duty of 30 percent (an additional 15 percent stamp duty on top of the 15 percent paid by local buyers on a second or third home), said Chris Liem, owner and principal of Engel & Völkers Hong Kong.

Stock Market Plunge: Is Real Estate Safe?
RISMedia
While homeownership rates and home prices are currently at an all-time high, they are not to blame for the market’s volatility.

Condo Tower at Block-Swallowing Midtown Development Has Branding, More Details
Curbed
According to Christa Huffstickler, president and CEO of Engel & Volkers Atlanta, who’s been tasked with selling the condo project, the team “spent a lot of time fine-tuning the product to address a gap in the market.”

Engel & Völkers Adds to Expansion Team
RISMedia
Engel & Völkers has added five franchise sales hires to its Expansion team, which centers on expansion in the U.S., Canada and the Caribbean, the company recently announced.

Tenerife Property Reaches for New Peaks
Financial Times
In the past decade, Tenerife has been shedding its mass-market reputation to become a high-end fitness, health and retreat destination that’s more green tea than scampi and chips.

Rustic Finca Near Uruguay’s Punta del Este Lists for $4.5m
The Spaces
You can enjoy lake views from this contemporary finca designed by architect Diego Montero near Punta del Este in southeast Uruguay.

Americas 

2018's Housing Market Is off and Running: What You Need to Know
Forbes
Overall, it looks like 2018 is off to a good start in most markets. 

Temporary Residents Impacting Canada’s Major Real Estate Markets
The Globe and Mail
The growing number of non-permanent residents who are working or studying in Canada on temporary visas are having an impact on the real estate markets in major cities such as Vancouver and Toronto.

International

How Is London’s Real Estate Market Reacting to Brexit in 2018?
Observer
Naturally, some of those concerns focused on London’s booming real estate market.

Luxury Living

Ralph Lauren Teams With NY Times to Preview Pyeongchang Games 
Luxury Daily
U.S. fashion label Ralph Lauren is giving consumers an up-close look at the prowess of Olympic athletes through a sponsored augmented reality experience.

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