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The Engel & Völkers News Brief | November 9, 2018

Friday, November 9th, 2018 at 12:00pm Engel & Völkers

E&V News

Millennials Would Rather Buy Real Estate From an Influencer Than an Agent
The Real Deal
If you’re trying to help a millennial with real estate, you might be better off being an influencer than an agent.

HENRYs: One of the Greatest High-Earning Segments in Real Estate 
RISMedia
Who is HENRY? The acronym, which stands for High Earners Not Rich Yet, represents a segment of the consumer population, made up primarily of millennial and young Gen X homebuyers who earn over $100,000 per year. 

Buyer Cuts a Deal for Napier Simpson Estate House in King City
The Globe and Mail
Shoppers seeking grand estates with large acreages were drawn to this three-bedroom bungalow sitting on a 9.9-acre lot less than a 30-minute drive north of Toronto’s Pearson International Airport.

House Hunting in... Italy
The New York Times
With relatively few transactions and tight restrictions on new construction, the island of Capri has been largely resistant to market turmoil.

Americas

The Cities That People Can't Wait to Move to-and Locals Have no Interest in Leaving
Realtor.com 
People are always jonesing to move to the big cities, like New York, Los Angeles, and Chicago. But folks are constantly moving out of those cities, too—in search of bigger homes and perhaps a more laid-back lifestyle. 

Homes Sales in B.C. to Bounce Back Next Year, Claims Forecast
Vancouver Courier
Although home sales on the MLS across B.C. are expected to be 23 per cent lower in 2018 than last year, they will bounce back by around half that in 2019, according to a November 8 forecast by the B.C. Real Estate Association.

International

Some Dubai Tenants to Pay Rent by Direct Debit Instead of Check
The National
A new digital payment service for Dubai tenants allowing them to pay rent via direct debit could signal the end of the annual rent cheque.

Luxury Living

The Great Escape: Turks & Caicos Is Your Next Caribbean Destination For Luxury Travel
Forbes
As the temperature starts to drop and that brisk nip in the air begins to emerge, it's time to start planning your next warm weather getaway. 

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