Global real estate investment has been strong in recent years. In 2017, $698bn was invested in the asset class, according to JLL. In 2018, despite uncertainty surrounding the global economy, investment in the global property market reached a record high of $1.8 trillion. Looking forward, there are headwinds facing the real estate space. The [...]
Chinese consumers may have soured on some American products, like iPhones, but they have only sweetened on U.S. residential real estate. They have been the top foreign buyers in both units and dollar volume of residential housing for six years straight, according to the National Association of Realtors, and now they expanding to new, lower [...]
Boston has made it into the top 10 best real estate bets for 2019. In 2018, jobs grew at an unprecedented rate of 2.5 percent. Home prices went up 6 percent, and income went up 6 percent as well. The average home is listed for $426,000 and the average monthly rent is $1,614. Taking all of these factors into consideration, Boston area real [...]
Have you always dreamed of buying an old house in Italy or France? Change that goal to Turkey or Greece and you may find the dream is more affordable than you imagined.
Analysts looked at real estate data from 36 developed (OECD) countries and calculated the places where you'll get the most home for the least money. By these rankings, Turkey [...]
We recently wrote about developers taking luxury underground. Across the luxury market, extravagant basements are on the uptick, with people spending fortunes on subterranean additions. In Kensington, a historic neighborhood in the center of London, real estate is almost as expensive as anywhere in the world– in fact, the average home is now [...]
Developers are taking luxury homes in an unexpected direction: Underground.
Across the luxury market, we’re seeing more and more "extravagant basements" or lower levels being built into homes. While this square footage isn't considered as valuable as above grade, it still allows for a higher selling price and returns on investment. Keep in [...]
Most prospective real estate investors can spot red flags indicating a bad investment — a long listing time, steadily declining asking prices, high neighborhood turnover, etc. But what about "green flags"? Signals that an investment might be promising are just as important to consider, and you don't want to overlook them when you're hunting [...]
At Castles Unlimited, we’re always on the hunt for the latest eco-friendly home advancements– after all, what’s more important than respecting our planet while saving our customers money? New England and cutting-edge technology go together like Tom Brady and Super Bowl championships, so as you can imagine, we were thrilled, yet, hardly [...]
No matter where you live, you may have noticed an influx of foreign investors discovering real estate in your home country to be an increasingly attractive asset. These investors are clear indicators that luxury real estate has indeed gone global. Be it a chic apartment in Paris or a grandiose manor in Berlin, affluent buyers are [...]
The City of Boston has been named a winner of the Bloomberg American Cities Climate Challenge and as a result has been selected to receive $2.5 million to subsidize environmental initiatives, with a primary focus on green buildings and transportation. “We have to accelerate our actions to reduce carbon emissions. Addressing climate change [...]
Who is buying and selling real estate in the next three years? Globally 38% are interested in buying compared to only 23% who want to sell.
Kendall Square is now among the most expensive business districts in the U.S. Business rental prices in Cambridge are now comparable to Manhattan or San Francisco.
Defining the luxury real estate market isn't simple. From Boston to Miami to Los Angeles, the word luxury has a different definition. In some areas, luxury is defined as anything over $1 million. In pricey parts of Los Angeles, single-family homes often are listed at $5 million and [...]
According to a new residential sales report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential home sales rose 3.5 percent in August– a better-than-expected turnout, signifying a healthy economy and a strong market.