The Take

In-Depth Analysis of Luxury Lifestyle News

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Geopolitical Events Have Immediate Impact on Luxury Market Activity, Not Pricing

Geopolitical Events Have Immediate Impact on Luxury Market Activity, Not Pricing

In the last year or so, geopolitical events including Brexit, the U.S. and French presidential elections, and several terrorist attacks throughout Europe, have rattled the western world. The result ha  Read more
Pricing a Property Based on Comps is Still the Rule—Unless It’s Incomparable

Pricing a Property Based on Comps is Still the Rule—Unless It’s Incomparable

When pricing a residential single-family listing, most agents’ first step is to look at the recent sales of comparable properties in the same neighborhood; about the same size; on a similar piece of l  Read more
The Pros (and Cons) of Purchasing in a Gut-Renovated Condo Building

The Pros (and Cons) of Purchasing in a Gut-Renovated Condo Building

While new construction reigns supreme in many cities with robust luxury markets, there are also plenty of gut renovations in the works in New York and London, resulting in high-end condominium sales i  Read more
How to Decide If It’s Time To Take Your Listing Off the Market (For Now)

How to Decide If It’s Time To Take Your Listing Off the Market (For Now)

When is it time to take a home off the market? That’s a question frustrated brokers and sellers grapple with all the time, especially in today’s market, where prime cities like London, Tokyo and Miami  Read more
Smart Investors Follow Developers They Trust for Best Price, Pick of Inventory and ROI

Smart Investors Follow Developers They Trust for Best Price, Pick of Inventory and ROI

When Witkoff, a Manhattan-based real estate investment and development firm, was ready to start selling pre-construction units in its 111 Murray Street project in Tribeca, they offered previous buyers  Read more
Time to Cut a Deal on a Mega-Mansion in New York’s Struggling Suburbia

Time to Cut a Deal on a Mega-Mansion in New York’s Struggling Suburbia

There’s a palatial brick manor in Oyster Bay, New York, where residents can admire hand-painted murals, host visitors in separate guest quarters and park up to nine cars in the garage. The seven-bedro  Read more
Five Checklist Items to Include If You’re Building a New Home

Five Checklist Items to Include If You’re Building a New Home

For people who have decided to build rather than buy a new luxury property, the first step—as is the case in all real estate decisions—is to secure the perfect location. While this can mean completely  Read more
The Unexpected is Increasingly Popular for Launch Parties: Everything from Artists to Puppies

The Unexpected is Increasingly Popular for Launch Parties: Everything from Artists to Puppies

Gone are the days of run-of-the-mill champagne and hors d'oeuvres parties to introduce real estate brokers to new listings. Today, real estate events—from a boho brunch pool party, with hair-braid gir  Read more
Choosing the Right Second-Home Market to Invest In

Choosing the Right Second-Home Market to Invest In

Amid a sea of geopolitical changes, the global second-home market has remained strong, experts say, with the most in-demand locations being those that offer a lifestyle benefit, like sun and sand, wit  Read more
To Make a Big Sale, Staging and Photography Have To Be Just Right

To Make a Big Sale, Staging and Photography Have To Be Just Right

When a potential buyer considers purchasing a new property, their first step, even at the luxury level, is often to look at some listings to see what’s out there. “Because we know that most buyers sta  Read more
Star Broker or Not? Decision Comes Down to Deciding Who Can Get the Job Done

Star Broker or Not? Decision Comes Down to Deciding Who Can Get the Job Done

In luxury real estate, any type of branding, from the name of the building to the attached star architect, developer or designer, can add value and help drive sales. But what’s the impact of a star br  Read more
Hotel Residences and Hotel-Condo Hybrids Often Worth the Extra Investment

Hotel Residences and Hotel-Condo Hybrids Often Worth the Extra Investment

Hotel residences and hotel-condo hybrids are a common and ever-growing type of mixed-use development found in most major cities and vacation destinations around the world. Commanding about a 10% to 20  Read more
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