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.

Our Steal: 7432 Deerwood Avenue, Oakland, California, listed by Mark Lederer and Derrick Tyler of The Lederer Team, Red Oak Realty for $589,000.

Real estate can surprise you in unexpected ways. Such is the case in Oakland, California. Movers and shakers in the industry are suddenly seeing the Oakland housing market transform. Prices keep going up, demand continues to surge, and a nice crop of wonderfully updated older homes and new construction beauties are changing the face of Oakland as we know it. So this week, we zeroed in on two fantastic Oakland offerings for our latest Splurge vs. Steal. Why Oakland you ask? We say, why not?

Take your pick on SecondShelters.com.

 

Our Splurge: 1828 Cypress Isle, James City County, Virginia, is currently listed by Numbers Marley of Long & Foster Real Estate for $1,800,000.

Only a handful of locations have a history as rich as Williamsburg, Virginia, but taking a walk through the past isn’t the only thing drawing visitors from all over the world — luxurious spas, world-class golf, hiking, five-star restaurants, and living history museums pack quite a punch when searching for a sweet second shelter with historic flair. That is why today we pin two exceptional properties against one another in our latest Splurge vs. Steal, both exuding elegance and style, but with price points that are miles apart.

Which Williamsburg home would you choose? The Riverfront Splurge or the Federal-Style Colonial Steal? Take your pick on SecondShelters.com today!

205 Bay Point Drive Horseshoe Bay is currently listed for $2.9 million by Joanie Capalupo with Moreland Properties. 

It has been featured on the cover of Metropolitan Home. It sits on a .64-acre lot on the shores of Lake LBJ. It has a Horseshoe Bay address with lagoon-style pool, stunning live oak trees, and mature green space. This listing is hotter than a firecracker, and it’s currently on the market for a cool $2.9 million. What makes it a stand out from the crowd? Just take a look at those views.

There’s more where that came from over on SecondShelters.com!

6409 Bouquet Spgs, Victor, Idaho is currently listed by Mark and Julie Rockefeller of Teton Valley Realty for $920,000. Photo Credit: Realtor.com

Many have heard of the “Grand Tetons” but few realize the iconic mountain range spans approximately 40 miles in a north-south direction through the state of Wyoming, just east of the Idaho state line. With a variety of mountain ranches, luxurious golf courses, phenomenal breweries, distilleries, and a plethora of hiking options, Victor, Idaho, is Teton County’s hidden gem.

Whether you’re looking for a hiking and craft brew experience, a horse ride through breathtaking mountain trails, or want to sip a nice red on the patio surrounded by everything mother nature has to offer … Victor has you covered, and without the sticker shock of its pricier counterparts. Ahem, Cour d’Alene, Jackson Hole, Sun Valley.

This made me wonder, what can I get for $1 million in Victor, Idaho? What I find is the epitome of rustic luxury living with, you guessed it, Teton Mountain views! The best part? It’s listed for $920K! See it on SecondShelters.com now!

Perhaps you’ve heard about it from a friend, saw it in a magazine, or read about it on CandysDirt.com – whatever it is, the secret is out on Horseshoe Bay. This striking resort community attracts second home buyers of all kinds, from captains of industry, to watersport enthusiasts, golfers, to astronauts. Above all, it’s where families go for a slice of Texas paradise on Lake LBJ. This begs the question, what can I get for $1 Million in Horseshoe Bay? What we find may surprise you. And yes folks, it’s a waterfront estate!

See it now on SecondShelters.com!

Our Splurge: 206 Arlington Road, West Palm Beach, FL is currently listed by Brandon L. Rinker of Rinker Realty for $1.7 million.

Nothing beats fun in the sun in West Palm Beach, Florida, so we are going to get right to it! These Splurge vs. Steal picks speak for themselves, and while both have three bedrooms, two baths, and luxuriously updated interiors, the price points and locations are miles apart. Which one would you choose for your West Palm Beach escape?

Pick your West Palm Beach poison over on SecondShelters.com now!

Not the newspaper you want to see on your vacation over coffee and croissants

Events of the past few weeks in Hawaii should send second home owners looking for their home insurance policies.  Regardless of whether your property is located in the mountains, by the sea or anywhere else, insurance is critical. Remember, there’s always some disaster to be protected from. And in the case of second homes, their often far flung location may catch you off guard in insurance matters.

Think about it. You’re used to the potential disasters where you live, but those risks are often different elsewhere. My Dallas home owner’s policy has little need to discuss avalanches, hurricanes, tsunamis or volcanos.  Homes in Hawaii may fall victim to all four, but are unlikely to be concerned with tornados.

Head over to SecondShelters.com for more.