brexit

Regardless of whom you read, Brexit it having a negative impact on central London housing. An Oct. 17 European Union summit was presaged by European Council president Donald Tusk saying yesterday there is “no grounds for optimism” given the state of negotiations. Coupled with fresh inflation data, the pound was down again. Since the Brexit vote, the pound has almost exclusively traded +/-$1.30 where as it typically had ranged in the $1.50-$1.60 range previously.

Adding to the stress, in early October, two more large financial institutions announced plans to shift some London operations to Paris with whispers of more to follow. Financial services is one of the largest employers in London as well as one of the highest paid. Removing significant quantities of high-earners will cause a glut in some price bands as relocated staff sell up for Gay Purr-ee.

During my London holiday, I was able to meet with a host of HGTV’s House Hunters International, Richard Blanco. A Spanish national growing up in the UK, Blanco schooled in theater and dance – a story common to many real estate professionals whose early interests gave way to a profession in property. So far Blanco has chalked up over 30 House Hunters International episodes including being the only presenter to work in multiple countries (eagle eyes have seen him in Spanish episodes). He’s currently a spokesperson for the UK’s National Landlords Association and is a regular commentator on various television shows – in fact, Blanco had popped into the BBC earlier in the day. For those wanting a regular dose of the London property market, Blanco produces a monthly podcast Inside Property.  In his spare time, Blanco flips homes he buys at auction.

Head over to SecondShelters.com for more.

CD June 9 Invitation

As I write this, Adrian Leeds, HGTV hostess for House Hunters International is making her way to Dallas for a special evening in a special Preston Hollow property hosted by Candysdirt.com and Versailles, Inc. builders.

If HGTV and luxurious Dallas real estate are your guilty pleasures, you’ll be able to combine the two Thursday night.  Leeds has hosted 20-some House Hunters France episodes helping Americans realize their dreams of brie, Bordeaux and baguettes. During the evening Leeds will present “Living and Investing in France” which will be chockablock with information, tips and saucy stories.

The stage for this event will be Versailles, Inc.’s latest creation by master builder Sam Elchami at 9818 Hathaway in Preston Hollow. This 13,000 square foot chateau sitting on over a half-acre is a home you’ll be talking about for days.

 

Remember:  Do you have an HOA story to tell?  A little high-rise history? Realtors, want to feature a listing in need of renovation or one that’s complete with flying colors?  How about hosting a Candy’s Dirt Staff Meeting?  Shoot Jon an email.  Marriage proposals accepted (they’re legal)!  sharewithjon@candysdirt.com

CD June 9 Invitation

Haven’t gotten your invitation to our June 9 event featuring Adrian Leeds? I guess you’re not on our mailing list.  But lucky you!  We still have a few slots available for die-hard readers who we’ve missed (although it’s your own dang fault for not being on our list!).

Are you just a casual reader who has no idea what I’m talking about?  Well, it’s your lucky day!  Turn back time and catch up here and here. Want to show off?  Read this too…

Here’s the Readers’ Digest version …

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Versailles, not everyone’s idea of a second home

Versailles, not everyone’s idea of a second home

“Cities have sexes: London is a man, Paris a woman, and New York a well-adjusted transsexual.”

― Angela Carter

It took me a while to warm to Paris.  As they say, I was young and dumb, passing through Charles de Gaulle airport on my way home from somewhere else. Those long minutes navigating the airport without a word of French scared me, as places do when you’re young in a foreign land and can’t communicate. I was trying to make change at a newsstand and became flustered. The French cashier seemed equally linguistically challenged, but seemingly equal to the task of shaming this young man.

It was over 15 years before a more mature me returned. And I fell in love as you do on second sight. I have since relaxed into a city whose language I remain largely ignorant of, but with whom I have learned to communicate.

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