rava realty Archives - Page 9 of 10 - Rava Realty

Wealth Report: London Vs NYC

Posted by:

Wealth Report: London Vs NYC

Here are some insights from the latest Knight-Frank – 2019 Wealth Report – and other luxury market indicators.

Yes, the New York real estate market cooled down in 2018, but the city is still a favorite, amongst the uber rich of the world, for prime property investment.

New York is the world’s leading city for both residential and commercial investment, cementing its position as a global wealth hub. The study, which surveys global trends among ...

Continue Reading →
0

English

, , , ,

South Florida: December 2018 Market Stats

Posted by:

South Florida: December 2018 Market Stats

Miami-Dade

Overall, residential sales in Miami-Dade dropped 6.2 percent to 2,081. The total residential sales volume in December fell by 5.6 percent to $928.8 million.

Miami single-family home sales decreased 5.1 percent 1,011 last month. Condo sales dropped to 1,070, a decline of 7.3 percent.

Prices of single-family homes kept rising, with the median price increasing by 6.7 percent to $355,000. The median price of a condo was flat at $235,000.

Broward

Total residential sales also fell in Broward County, down 10.3 percent to 2,357. ...

Continue Reading →
0

English

,

Land prices in Manhattan hit pause

Posted by:

Land prices in Manhattan hit pause

In 2015 after a few boom years buyers had been consistently bidding an average of $685 per square foot for Manhattan land.

Then from 2015 to 2016 the total dollar volume for development site trades in Manhattan below 96th Street plummeted 55 percent to $2.6 billion from $5.8 billion. In 2017, the dollar volume dropped by another 34 percent, according to data provided by commercial brokerage Ariel Property Advisors.

Although land sale prices did recover last year and are now roughly back ...

Continue Reading →
0

English

,

Glamping in the City

Posted by:

Glamping in the City

When Governors Island was decommissioned and an organization appointed to oversee its redevelopment, Peter Mack, the CEO and founder of Collective Retreats, saw a golden opportunity.

He approached the organization with a compelling offer: create up to $700 per night accommodation with minimal building costs. How did he do it? By setting up luxury tents with a few shared amenities, as the Associated Press reported. The glamping experience features electricity, full beds with fine linens, an on-site restaurant and sweeping views ...

Continue Reading →
0

English

, ,

Under $500 per square foot in NYC?

Posted by:

Under $500 per square foot in NYC?

In many other places within the United Sates, one could live a life a luxury for $500 per square-foot, however, such is not the case in New York City, the nation’s second most expensive city to live in. A study by PropertShark shows that it’s nearly impossible to find homes priced under $500 per SF in Manhattan while options are available in the other boroughs, mainly the Bronx and Staten Island. The study found that in Manhattan, every zip code ...

Continue Reading →
0

English

,

NYC: Surge In New Development Filings

Posted by:

NYC: Surge In New Development Filings

After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.

The uptick has been spread through each borough, with all five seeing year-over-year improvements in their DOB new unit counts. The biggest change has been in ...

Continue Reading →
0

English

, ,

Page 9 of 10 «...678910