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The Engel & Völkers News Brief | June 29, 2018

Friday, June 29th, 2018 at 10:00am Engel Völkers

E&V News

Karl Lagerfeld's Very Ornate, Very '90s German Villa Is on Sale for $10 Million
ELLE
The property was inspired by the design of a Roman villa.

The 10 Most Expensive (and Exclusive!) Neighborhoods in the U.S.
Realtor.com
There's one way the ultrarich are just like the rest of us: Their largest spending category tends to be in real estate.

Engel & Völkers Opens New Shop in Halifax
The Chronicle Herald
Engel & Völkers has announced its expansion into Halifax with a new real estate shop opening, growing the company’s global network and luxury service in Canada.

Engel & Völkers Enters Turks and Caicos
RISMedia
Engel & Völkers has announced it has entered Turks and Caicos, on the island of Providenciales. 

Americas

U.S. Rental Rates Flatten in Major Cities as Supply Floods Market
Realtor.com
The U.S. apartment market suffered its worst spring since 2010, near the depths of the housing crisis, as a flood of new supply and weakening demand resulted in rising vacancy rates and little or no rent increases in many major cities.

Online Brokerage TheRedPin Closes its Doors
Toronto Star
Toronto real estate start-up TheRedPin has closed its doors and is now in the hands of a receiver.

International

Asia Begins Real Estate Disruption
Finews.Asia
First came fintech then insurtech followed by regtech. The real state industry in Asia is joining the fray with proptech. 

Luxury Living

The Fashion Opportunity For Luxury Plastic Alternatives
Forbes
As consumers cut down on single-use plastic, a new product category has come into its own.

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