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The Engel & Völkers News Brief: Friday, January 20, 2017

Friday, January 20th, 2017 at 12:00pm Engel & Völkers


E&V News

North America’s Most Exclusive Ski Resort Towns 
Unique Homes 
Engel & Völkers has rounded up the perfect ski homes in eight of Canada and the United States’ most coveted ski enclaves.

Pacific Palisades Home Tied to Record Exec Mo Ostin Sells for $4.86 Million 
Los Angeles Times 
A Pacific Palisades home purchased by legendary Warner Bros. Records President Mo Ostin and later deeded over to his late son, music executive Randy Ostin, has sold for $4.86 million.

6 Palatial Park City Homes Ready for Their Sundance Fest Close-Up 
Realtor.com 
Pull on your Sorel snow boots and zip up your Canada Goose down coat to take a look at Park City’s best off-screen attractions, its dramatic and luxurious real estate.

Local Realtors Wary of UK Scam 
The Cayman Reporter 
An escalating real estate scam is costing United Kingdom house buyers millions of pounds which is why Cayman’s real estate industry is working to prevent such scams affecting real estate buyers locally.

Foreign Home Buyers Anticipated in New Orleans 
WWL.com 
New Orleans may soon be a second home for wealthy Europeans.

Acclaimed Real Estate Company Moves Into Martin County 
TCPalm 
One of the most acclaimed real estate companies in the world just arrived in Martin County — after hand-selecting an upstart local firm through which to partner.


North America

Mortgage-Rate Rise Hits Coastal Property Markets Hardest 
Realtor.com 
Pricey real-estate markets on the coasts are bearing the brunt of the recent rise in mortgage rates and are likely to feel more pain as rates climb, housing economists say.

Home Sales Won't Be as Big an Economic Boost This Year, CREA Says 
Vancouver Sun 
Home sales, one of the pillars of the economy last year, are not going to be as big of a driver this year as the effect of new federal mortgage measures fully kicks in, the Canadian Real Estate Association said Monday.


International

Real Estate Sales Jump 6.9% Year on Year to Seven-Year High 
Asia Times 
Despite measures to curb prices, national sales post their strongest annual growth thanks to a furious property boom in top-tier cities.


Luxury

How to Spend a Perfect Weekend in Europe's New Coolest Capital 
Bloomberg Pursuits 
If everyone you know is thinking about going to Lisbon, there’s plenty of reason for that. Its meteoric rise as a culture capital is just one part of the appeal.

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