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Prime residential prices in Cape Town skyrocketed in 2022, according to The 2023 Wealth Report by Knight Frank.
According to the global real estate specialist’s annual report, Cape Town shot up the Prime International Residential Index (PIRI) – climbing to 31st from 94th the year prior.
The PIRI tracks movements in luxury prices across the globe’s top residential markets.
The report said that Cape Town’s prime residential prices increased by 7.3%.
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The former Los Angeles home of David Spade is back on the market for $32.5 million, or about 66% more than what the comic actor sold the property for earlier this year—$19.5 million.
Spade, who this year reprised his voice role of the Invisible Man in Hotel Transylvania: Tranformania, listed the property in January 2022 for just under $20 million and had an offer in hand after less than a week on the market, according to the Los Angeles Times. Records show the actor-comedian bought the home in 2001 for roughly $4 million.
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We wish to personally welcome and thank Hilton Hotels & Resorts for selecting to advertise on real estate coupons being downloaded and printed by clients on our Qroople real estate coupon platform.
Hilton Hotels & Resorts has just joined a rapidly growing contingent of brand advertisers on qroople.com
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Real Estate technology has historically been underfunded compared to other large sectors. The current landscape is powered by thousands of disparate systems, without an agreed to data standard, making any significant modernization of the industry extremely challenging. For as many years as I can remember, there has been constant talk about the inevitable disruption of the real estate industry, yet very little has changed over the past 20 years. However, the tide is finally turning and PropTech has become mainstream. According to the Center for Real Estate Technology & Innovation, investments in PropTech hit $32B in 2021.
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"It is not surprising to see a lot of luxury retailers say, ‘Do we really need to be here paying these incredibly high rents?’” said one expert.
High-end fashion stores on New York’s Fifth Avenue used to play the role of a showroom, where shoppers could browse through curated racks of clothes with a glass of champagne. However, with shopping at a near standstill and in-store sales hovering at zero, that prime real estate is becoming a drag on retailers’ balance sheets.
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New York, New York (May 18, 2020) — Le Castelet is an estate embodying authentic medieval grandeur with airy seaside serenity, since modernized in an inviting French aesthetic and with 21st-century comforts. Famed as the summer getaway of global icon Brigitte Bardot after her divorce from film director Roger Vadim in 1957, the home served as her retreat from the glare of celebrity. Perched atop a 1.46-acre rise within walking distance to the quaint village of Peymeinade, the sweeping views of the Bay of Cannes with the Esterel Mountains beyond are breathtaking.
Press Releases
Transactions will fall by up to 60% this spring then steadily tick back up, with a rebound by the end of 2021, according to most likely scenario forecast by Zillow.
SEATTLE, May 4, 2020 /PRNewswire/ -- Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% -- or more than 1.7% year over year -- in the wake of the coronavirus, according to a forecast released today by Zillow®.
