News

Real-Estate Sales Are Booming in June 2021

The Rental Market Is Following Suit.

The pandemic flight patterns that saw an influx of newcomers to cities like Tampa, Fla., Austin and Detroit has transformed the rental market. Low supply—and the desire of many to try out a destination before committing—have led to a rental boom that parallels that of the sales market.

In Nashville, Tenn., Shane Tallant of Village Real Estate has seen a marked increase in interest for high-end homes in the area, with large numbers of people coming from California, New York and Illinois. “We still get four seasons, our lack of state income tax is a huge benefit, the entertainment industry, the sports industry, it’s centrally located,” he says. “It’s growing faster than anybody would have expected.

In Reno, one of the fastest-growing markets, Rosi Booker of Sierra Sotheby’s International Realty has seen monthly rent prices skyrocket. “Where we’re seeing the demand going up is people waiting for a new home to be built, or who have not been able to find a house because everything’s going for so much over asking and you need so much cash to put down. So people are trying to get into rentals while they find a place to be able to buy.” She says that a 1,500-square-foot house that might have rented for $1,800 six months ago would now be priced around $2,500.

Five High-End Homes for Rent

This penthouse is in Seattle’s oldest skyscraper.

PHOTO: TIM VAN ASSELT FOR REALOGICS SOTHEBY'S INTERNATIONAL REALTY

Seattle // $17,000 a month

Perhaps the city’s highest-profile rental, this penthouse is the only private residence within the city’s Smith Tower, Seattle’s oldest skyscraper. It overlooks Puget Sound and Mount Rainier with 360-degree views via the home’s 24 teardrop-shaped leaded windows.  

There are 360-degree views via 24 teardrop-shaped leaded windows

PHOTO: TIM VAN ASSELT FOR REALOGICS SOTHEBY'S INTERNATIONAL REALTY

The penthouse maintains much of the detailing original to its 1914 construction, and its glass globe, seen across the city, is accessible from the apartment. The two-story space has one bedroom and two bathrooms across 2,128 square feet and comes with two parking spaces. It is listed with Moira Holley of Realogics Sotheby’s International Realty.

This Nashville apartment has an open-plan living space with exposed pipes

PHOTO: HEATHER BAKER

Nashville, Tenn. // $12,000 a month

The fully furnished apartment is in the city’s Arts District. The boldly designed interior includes arts-themed décor like portraits of Grace Kelly and Pablo Picasso, an open-plan living space with exposed pipes, and a lounge outfitted with shutters.

The furnished apartment is in Nashville’s Arts District

PHOTO: HEATHER BAKER

Three bedrooms, four bathrooms and one partial bathroom span 4,600 square feet. It is listed with Shane Tallant of Village Real Estate.

This Atlanta home has five bedrooms

PHOTO: LANCE BRYANT

Atlanta // $37,500 a month

Located in the Ansley Park neighborhood, the fully furnished five-bedroom home has four bathrooms and one half bathroom over 4,226 square feet.

The home has a courtyard and a terrace

PHOTO: LANCE BRYANT

The brick house has a courtyard, a terrace featuring a garden and fireplace, a wine cellar and 14-foot ceilings. Plaster walls give an antique feel to the home. It is listed with Jason Cook of Ansley Real Estate.

This New Orleans home was formerly a tomato warehouse, a bakery and a theater

PHOTO: SNAP REAL ESTATE PHOTOGRAPHY

New Orleans // $19,500 a month

An expansive French Quarter home built in the 19th century was formerly a tomato warehouse, a bakery and a theater. It maintains a Southern feel with balconies that connect areas of the home and an interior courtyard with a wading pool and fountain.

The home has four bedrooms

PHOTO: SNAP REAL ESTATE PHOTOGRAPHY

The home, which is close to the Mississippi River, has four bedrooms, four bathrooms and two partial bathrooms over 6,155 square feet. It is listed with Debbie Prejeant of Latter and Blum Property Management.

This Newport Beach home has views of Catalina Island

PHOTO: PACIFIC SOTHEBY'S INTERNATIONAL REALTY

Newport Beach, Calif. // $75,000 a month

This newly built waterfront home takes advantage of its views of Catalina Island and a surfing destination known as the Wedge. A terrace with spa and fireplace overlooks the ocean, while a retractable glass wall opens the living area up to the outside.

A retractable glass wall opens the living area up to the outside

PHOTO: PACIFIC SOTHEBY'S INTERNATIONAL REALTY

The main suite also has glass walls that open onto a balcony. The house has five bedrooms, five bedrooms and one partial bedroom over 4,128 square feet and is listed with Tara Shapiro of Pacific Sotheby’s International Realty.

Source

Jun 3, 2021


Legend Hill property development project Mauritius... (Mar 2021)

... or the destruction of an ecosystem! See video

On the west coast of Mauritius, in the village of Tamarin, the construction of villas and other property development on the slope of La Tourelle is creating much grievances. The Legend Hill project is the first of a type where locals are assisting at the progressive destruction of a mountain. Apart from the potential threats it poses to inhabitants living beneath in terms of landslide, this project is venturing in the already meagre biodiversity reserves that are left in Mauritius. Professor Vincent Florens, one of this documentary intervenors rightfully expresses his fear that this project might open the gateway to constructions on mountains and slopes in total disrespect of law and the multiple threats that this may represent.

In this Documentary realised in February 2021, four intervenors give their views from their perspectives on this project. Though, their discourses on this project are from different angle, there is one thing that unites them all, there are critical issues with this project.

  • David Sauvage, ecological and political activist from Rezistans ek Alternativ speaks about the systemic root of the problem that is burying Mauritius more and more in the contradiction of so called ‘development’ versus nature. He speaks about the necessity for a shift in development model that is not only posing serious threats to ecosystems, but also to people’s livelihood and that holds the recipes for serious social crises.

  •  Adi Teelock, engaged citizen, environmentalist and member of the Platform Moris Lanvironman speaks about the weaknesses of the legal framework and the responsibility of the State and statuary bodies that seem more inclined to flee their duties than acting for the best interest of Mauritius, its ecosystems and people.

  • Marie-Anne Lagane, engaged citizen, social worker and inhabitant of Tamarin gives us the insight of someone born in Tamarin and that has witnessed the change and gentrification process taking place. In her moving testimony she speaks about the social structure and communitarian way of living that has vanished in time to make place to a form of neo-colonisation that is distorting this part of Mauritius.

  • Professor Vincent Florens, associate Professor from the Bioscience Department of the Faculty of Science from the University of Mauritius speaks on the importance of mountains and the necessity to preserve them from destruction. He also speaks of this project as being a bad precedent in terms of destruction of what is left of Mauritius biodiversity.

The project of Legend Hill is still ongoing, despite several protests and demonstrations mainly by inhabitants of the west coast. Apart from the points raised in this documentary, there are a lot of grey zones regarding permits that were rejected initially and later approved upon change of political figures in local councils, there is also questions about the timing for public comments whilst Mauritius was in lock-down.

May 7, 2021