Property news isn’t always about New York City. This article discusses the Nordic property scene, Coworking in self storage, and the new “normal” in real estate in the big apple. It also discusses the rise of Nordic properties, including Country houses for sale. Read on to learn more. The articles below cover a wide range of topics. Here are a few of my favorite headlines.
Enjoy! And remember to check back here for more property news!
New York City’s new real estate “normal”
The luxury real estate market is on the rebound in New York City, but it’s still facing some challenges. The pandemic has affected buyers and sellers, halting search activity and pulling listings. The state has banned any physical showing of Manhattan real estate. However, there has been continued funding of mortgages, meaning that deals in the works before the pandemic hit can close virtually. However, the new “normal” may not be so rosy.
The current buyers’ market has emerged in Manhattan only twice in the last 20 years, and those periods were only six months long. The first period, in 2001, was a buyers’ market that lasted one year. The second period was in 2008 and 2009, but it didn’t last that long. The current buyers’ market began in the ultra-luxury segment in late 2015, then spread to all inventory segments in 2016. The new federal tax law has fueled the buyer’s market.
Coworking in self-storage
Since coworking first began in the mid-2000s, the concept of shared workspaces has grown significantly. Coworking spaces provide members with flexible, affordable workspace. They also provide shared resources, such as copier and printers, and good coffee. While these benefits can be useful for some coworking users, some might also need extra storage space. By combining office space and self-storage, these two industries can offer more benefits to business owners and operators alike.
For example, coworking tenants may only need to store their product for a few months. This isn’t an issue for self-storage facilities, which allow month-to-month rentals. This allows entrepreneurs to access self-storage services as needed, allowing them to keep their products and other office equipment safe. The benefits of coworking spaces far outweigh the costs. In addition to accommodating workspaces, they often provide additional amenities, such as Wi-Fi and security systems.
Country houses for sale
You might think country houses are tucked away in the country. But these estates are in fact just steps away from the city. The UK is known for its rolling country estates, which include everything from handsome Queen Anne halls to picturesque Cotswold stone mansions. We’ve already covered castles, townhouses and even quaint country cottages. And if you’re looking to buy a country house, you’re in luck! United Country offers exclusive marketing tools and extensive local, regional and national exposure, allowing you to sell your property quickly.
Wantage House: The Grade II listed property is full of character and is a converted rectory. The grounds of this Grade II-listed property are professionally landscaped and boast a beautiful outdoor pool and tennis court. The property has extensive outbuildings and is set in a picturesque village. It offers superb views over the Surrey countryside and boasts three acres of parkland. You can visit the website to view more photos and details of this property.
Nordic property news
If you’ve been following Nordic property news, you know the boom’s not over yet. Nordic property deals are reaching record levels, and international investors are increasingly investing in the region. Last year alone, foreign buyers invested more than EUR 10 billion in Nordic real estate, including both value-add capital and core capital. And the trend is set to continue into 2019.
Even though the overall macroeconomic outlook has become gloomier in recent years, Nordic property sales remain resilient. Newsec, a leading Nordic property advisor, predicts the region will have its highest transaction volume for the next five years, and perhaps even this decade. According to their latest report, Nordic transaction volumes will reach EUR 45 billion by 2020 and EUR 50 billion by 2021. As such, investors should not be surprised if Nordic real estate sales reach record highs during 2020.