Under the Radar: North Cyprus and Canada

By Jessica Ganga and Marlene Ridgway

North Cyprus 

“With 300 days of sunshine,  golden beaches, friendly people, and stunning countryside, it’s no wonder that many visitors seriously consider buying property in North Cyprus,” explains Aylin Pelin Onar, Broker/Owner and Global Luxury Ambassador of Coldwell Banker Maximum.

Cyprus consists of 480 miles of stunning coastline, attracting buyers from all over the world. ©iStockPhoto.com / Mindstorm-Inc.

As the third-largest island in the Mediterranean, Cyprus boasts 480 miles of coastline, citrus groves, gorgeous beaches and has a capital growth average of 20 to 40 percent annually over the past three years, making it a prime opportunity for luxury buyers, according to Onar. There’s also a certain mystery surrounding the island that is appealing. “It’s no surprise that according to legend, Julius Caesar gave the island to Cleopatra as a token of his love.”

 

With the highest-priced listing in the area being an $8 million, 150,000-square-meter villa built on a private hill, it’s clear that there is an expanding demand for luxury properties. “Our market is growing due to improving local and international economic conditions,” says Onar. Situated between three continents, Europe, Asia, and Africa, the location has contributed to the growing international market. “We are receiving clients from Turkey, Russia, Scandinavian countries, the Middle East, England, Israel and Australia,” notes Onar.

 

With the continuing development of new constructions and homes, the luxury market is expected to keep expanding to sustain the demand. Up and coming areas such as East of Kyrenia can provide the 5-star accommodations that luxury buyers now expect, including social facilities such as gym centers, spas, pools, and high security. “East of Kyrenia is the shining star, especially with its seafront luxury sites. The natural beauty, beautiful beaches, amazing mountain views, 18-hole international golf course, and 5-star hotels with casinos are the attraction points of this area,” says Onar.

Aylin Pelin Onar

Aylin Pelin Onar

Broker/Owner, Global Luxury Ambassador

Coldwell Banker Maximum

AylinPelin.Onar@CB.com.TR

www.MaximumVelver.com

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Luxury properties in Esentepe, Kyrenia, North Cyprus embrace the island’s natural beauty, such as this home with gorgeous ocean views that sold recently for $900,000 USD. Photo courtesy of Sadi Yolgecen.

Recently sold for $7.7 million USD in Kyrenia, North Cyprus, this house examplifies the ultra-luxury listings available. Photo courtesy of Sadi Yolegecen.

Canada

With its diverse landscape and abundance of land, Canada is an ideal location for luxury buyers seeking a new place to call home. Of Canada’s many cities, Toronto is one that is family friendly and among the safest in the country. “People see Canada as a safe place to invest their money and raise their family. Toronto is the biggest city in the country and the financial centre of the country,” says Barry Cohen, Broker at RE/MAX Realtron Barry Cohen Homes Inc., Brokerage in Toronto.

As Canada’s largest city, Toronto has grown to be a rich metropolis with no shortage of things to do. “It’s a very cosmopolitan, multicultural city,” says Susan Macarz, Broker at RE/MAX Ultimate Realty Inc. Brokerage. Toronto boasts picturesque parks and playgrounds, country clubs, a theater district and nightclubs, to only name a few. Toronto also features some of the best schools in the country, attracting families seeking to provide their children with a top-notch education, according to Macarz.

Toronto, the largest city in Canada. ©iStockPhoto.com / PGIAM. 

Toronto’s real estate market is diverse and continuously changing. “What’s happening is that there is very little land left in Toronto, so what people do is they buy big properties with an older house on it and they tear it down because they are buying it for land value,” says Macarz … Another trend that Macarz noted was the increase of townhomes and condominiums in the area, specifically Central Toronto, adding to the variety. “What I’m finding more often now is … there’s townhomes that are being built along the major streets. These townhomes start at about $1.5 million CAD and up,” says Macarz. Tall high-rises are being built that feature luxurious condominiums that have sizeable square footage, according to Macarz.

Along with urban-styled living spaces, Toronto is home to spectacular estates and mansions. According to Macarz, luxury buyers can find homes priced from about $4 million CAD to $30 million CAD. The most expensive listing in Toronto is located in the Bridle Path area, on the market for $32 million CAD by Cohen’s team. “It’s a magnificent multi-generational estate with a completely separate two story in-law apartment with its own entrance, elevator, and garage,” says Cohen. The 35,000-square-foot home also features an indoor pool and tennis courts.

Overall, both Macarz and Cohen made clear that Toronto is a premier location for people seeking to find their dream home.

In the St. Andrew-Windfields area of Toronto, elegance and contemporary blend in this listing recently sold for $7.1 million CAD by the Barry Cohen Team. Photo courtesy of Barry Cohen.

Barry Cohen

Barry Cohen

Broker, RE/MAX Realtron, Barry Cohen Homes Inc. Brokerage

Susan Macarz

Susan Macarz

Broker, RE/MAX Ultimate, Realty Inc. Brokerage

This editorial appeared in the Unique Homes Global ’19 Issue.

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The Ways to Wellness

With Spring just around the corner, now is the perfect time to swing into health and wellness. Envisioning and reflecting on your health goals is a breeze when your home supports and sustains your best self. Wellness themed homes are the perfect balance between comfort and functionality, blurring the lines between a relaxing, replenishing vacation and a regular Thursday night.

Christie’s International Real Estate showcases five beautiful home retreats that are sure to make returning home after a long day as anticipated as jetting off to a luxurious retreat. 

Contemporary Mountain Retreat in Santa Fe, New Mexico

Nestled en route to the Santa Fe Ski Basin and miles of hiking/biking trails, this home makes wellness a top priority. Melt stress away in the private spa with a professional-grade gym and indoor hydrotherapy SwimEx pool, and wind down after a long day in the patio hot tub.

Shangri-La on Narragansett Bay in Bristol, Rhode Island

This idyllic waterfront estate was crafted for the outdoor enthusiast and molded for relaxation. Enjoy a sunset walk along the private beach, or evening swim in the heated infinity pool. A serene koi pond invites quiet meditation and reflection. Taking it easy at this quiet seaside retreat is a beach-lover’s dream come true.

Alhambra-Inspired Palace in Marrakesh, Morocco

Nestled in the Palmeraie oasis, this home features designs in the tradition of ancient Moorish baths, and includes an authentic hammam, beautiful relaxation area, a spa, and lounges. Outdoors, guests and residents can relax in the rose and vegetable gardens, a pool area with pool house, or tennis court.

Hot Spring Estate in Ashigarashimo-Gun, Japan

This home is set in one of Japan’s ancient hot spring resorts, Yugawara. The home’s lavish spa amenities include both indoor and outdoor onsen (hot spring) baths, celebrating Yugawara’s rich history as a prominent hot spring, and providing the utmost relaxation.

River Oaks Estate in Houston, Texas

This estate offers ample opportunity for both fitness and relaxation. Achieve healthy eating goals in the custom-designed chef’s kitchen, and exercise in the professionally equipped gym and sauna housed on the top floor. Outside, a pool, tennis court, and practice golf course make fitness and wellness goals a reality. 

Photos and featured image courtesy of Christie’s International Real Estate 

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Selling Near the Stars

star property itself, this private estate offers incredible attention to detail and elegant interiors that exude sophistication.

Patrick Fogarty of Hilton & Hyland represented the buyers, German national Ekkehart Hassels-Weiler and his new husband Omar Romero, who were eager to acquire this unique home. Fogarty says the home was on the market for less than a month and bought in under four.

Externally, the home is almost mysterious at first glance, as the long driveway affords complete privacy from the street. That mystery transitions into pure awe once the house is in full view, as Fogarty says the home’s proportions and classic design give it a grand feel that enhances with every meticulous detail. “The style is timeless rather than of the moment,” he says, adding that the overall aesthetic is tasteful yet opulent.

Built and developed by the seller, British property developers Ian and Richard Livingston, the estate greets visitors with a graceful motor court that features both trees and fountains. The front doors open to a striking grand entry with 30-foot ceilings and walls of marble, all opening up to a grand staircase and detailed floor plan. A strong yet beautiful harmony is felt in every room, from the dramatic kitchen to the tasteful master bedroom and baths. Interestingly, Fogarty notes that though “the home is grand in scale, [it] still manages to feel like a home.” Other features of this estate include a master wing, gym, theater, guesthouse, staff quarters and bocce court. The expansive backyard also boasts an ozone pool that highlights the perfect California indoor-outdoor lifestyle.

Only approximately five minutes from Rodeo Drive, the 8-bedroom, 11-bath home remarkably reflects a sense of tranquility and serenity, allowing the new owners to relax with complete privacy. The blend of rich landscaping and natural materials, such as stones, wood, steel, and brass, also enrich its character and depth, making it a true sanctuary.

Photos by Berlyn Photography 2019.

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

A Guide to the Michelin Guide

Bvlgari Hotels & Resorts is proud to announce that both the hotel’s signature restaurants, the Italian Il Ristorante — Niko Romito and the Chinese Bao Li Xuan, have been awarded Michelin stars during the Michelin Guide Shanghai 2020 presentation ceremony.

The Ways to Wellness

With Spring just around the corner, now is the perfect time to swing into health and wellness. Envisioning and reflecting on your health goals is a breeze when your home supports and sustains your best self.

Vestige of the Historic Grand Estates of Chicago’s North Shore

With panoramic views of Lake Michigan, this incomparable residence in Winnetka, Illinois remains a vestige of the historic, grand estates of Chicago’s North Shore.

Elegance in Key Largo

This Florida Keys home is the perfect blend of serenity and luxury.

Exquisite Seaside Villa

Through a long-winding and manicured driveway, off of the Old Highway on Plantation Key in Islamorada, FL, this villa sits on two acres facing the Atlantic Ocean.

Oceanfront Luxury in the Cayman Islands

This property is equipped with the luxury, space and beauty of the Cayman Islands.

Virtually New Condo in the Cayman Islands

This luxury condo in the Cayman Islands is one of only 12 condos in a well-established and beautifully maintained complex.

Colonial Revival in Massachusetts

On 4.4 acres on a pristine hilltop in Beverly Massachusetts, this stunning 6,000-square-foot Colonial revival is surrounded by manicured lawns, meadows, extensive gardens and stone patios.

Paradise Living in Panama

With a view of the beach and plenty of bedrooms, this Panama home is the oasis of your dreams.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

The Abundance of Aspen

Aspen’s abundance has grown in terms of luxury, from fine restaurants, world-renowned ski resorts to some of the most culturally stimulating experiences.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

To Ireland With Love

A new color collection from Curator pays homage to the artists of the Emerald Isle.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

Live Like Royalty in Cyprus

The Villa Diva estate, listed for $3.185 million, spreads across 6,000 square meters of land with stunning views of the Mediterranean Sea and mountains.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Elegance in St. Croix

In a quiet, gated community in St. Croix, U.S. Virgin Islands, this grand home offers comfort and space for grand entertaining.

Inspired by Surprise: Italian Design Firm Spagnulo & Partners

Based in Milan, Spagnulo & Partners has been one of the forerunners of architecture and luxury interior design not only in Italy but throughout the world.

New Artefacto Collection Honors Cinema and Technology

Celebrating its 40th anniversary, Artefacto is committed to designing with function and style in mind, while blending global influences from Italy, France, Brazil and beyond. The new collection arrives this month to the U.S. and embodies Artefacto’s signature contemporary aesthetic, now with a tribute to cinema and technology.
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On Location: Haig Point, Daufuskie Island, South Carolina

3 ocean watch photo courtesy of Haig Point; all others ©Dennis burnett photography

Daufuskie Island offers Southern charm and comfort that can only be found on an island with no bridges. Accessible by a 30-minute ferry ride, my journey to the Haig Point community began and ended with relaxation. Catching a glimpse of diving dolphins as I left the mainland behind was a warm welcome into the exclusive area. The sea island just off the coast of South Carolina, which is easily accessible from Savannah, is one that wholeheartedly embraces the easy pace of the Lowcountry.

“As soon as people step off the ferry they
typically fall in love with the island lifestyle,” says Lauren Hunt, the programming and communications manager at the private, member-owned Haig Point. “Their genuine commitment to the island is why they choose to build and live here.” Members welcomed me with open arms and shared the island’s charming attributes, all with similar stories of visiting and deciding to stay for the long haul. 

If the 29-hole Rees Jones golf course, equestrian center, award-winning tennis facility, and beach club don’t entice you, the real estate will. It ranges in size and price, creating a diverse community with something to offer everyone. Haig Point goes beyond vacation and second homes. Permanent residents are enjoying the influx of younger residents. “More families under age 55 joined in the past three years than the previous 10 combined,” says Hunt. An island destination with no traffic — the island runs on electric golf carts — is an ideal opportunity for those hoping to enjoy a smaller, safer environment for their families.

Homesites for building your dream home and a collection of existing properties make up the variety of real estate within the current 270-home development. On the market for $2.995 million, 3 Ocean Watch in Haig Point was designed and built to the highest standards with stunning heart pine and woodwork soured from a 200-year-old house. Other properties range in price from the mid $300,000s to $3 million.

The island won’t be threatened by commercialization or overcrowding, due to building restrictions, according to Hunt. The community’s Architectural Review Board ensures the nature and integrity of the island remain intact alongside development. Across the water, Hilton Head Island is visible. “Hilton Head Island has 2 million visitors annually. That means easy accessibility to great restaurants, shopping, and entertainment. And with only an eight-minute commute, our hourly water taxi makes it easy to escape back to the solitude of Haig Point,” says Hunt.

3 Ocean Watch offers Calibogue Sound views.

Enjoy uncrowded, pristine beaches.

Haig Point offers a private Equestrian Center.

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

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Footloose Fortunes

©istockphoto.com / ClaudioVentrella

While the pace of wealth creation may be slowing, the story now is how it’s spreading around the globe.

“The increasingly footloose nature of wealth.” That’s how global consultancy Knight Frank characterizes today’s trend in affluence. When it comes to real estate, all it takes is a quick look at the worldwide activity of major brands to see a clear illustration of this concept.

The locations of new affiliates of Sotheby’s International Realty in recent months include Oklahoma City, Arkansas and Kansas, along with Cyprus, Slovakia and Qatar. Qatar is the second location in the Middle East for Sotheby’s. Berkshire Hathaway HomeServices has extended its reach to global hubs, partnering with major firms in Europe and the Middle East. Now, they count Berlin, London, Milan, Madrid, Barcelona, Dubai and Frankfort in their network. Coldwell Banker has offices in 49 countries. Luxury Portfolio International, the luxury arm of Leading Real Estate Companies of the World, has affiliates in more than 70 countries.

“The fact that the world is becoming smaller and smaller, the speed of information flow, and travel contribute to people’s interest in owning properties elsewhere, both for Americans and foreign nationals,” explains Joyce Rey, executive director, Coldwell Banker Global Luxury.

Markets may go through cycles and new partnerships emerge, but the foundation of global real estate hasn’t changed. “The luxury buyer understands that one of the best, if not the best, investments they can make is property,” explains Michael Jalbert, executive vice president, Global Field Operations for HSF Affiliates, the parent company of Berkshire Hathaway HomeServices.

Chatter regarding a potential recession might form a smokescreen, but wealth creation will continue to be a constant, according to Knight Frank’s annual Wealth Report, which forecasts a rise, over the next five years, of 22 percent in the number of individuals whose net worth exceeds $30 million, a group often classified as Ultra High Net Worth, UHNW. Over the next year, existing UHNW, especially in the U.S., expect their wealth to increase.

When Rey began her career in the 1970s, foreign buyers were a rarity, especially in Southern California. Today, she says, the percentage of foreign buyers purchasing ultra-luxury properties, those priced above $20 million, has remained pretty steady. “Usually it waffles between about 20 percent to 25 percent. And that hasn’t changed over the years.” For the first nine months of 2019, foreign buyers accounted for 31 percent of purchases of $20-million plus residences in Los Angeles’ tony west side.

Rey was one of the first to reach outside U.S. borders to forge connections. After the increase of Japanese buyers in 1980s, she traveled to Japan to meet one-on-one with agents and potential buyers. “I feel if a quarter of your buying population is foreign, you should be reaching out to the foreign market,” she says.

Bob Hurwitz, founder and president of the Hurwitz James Company (HJC), was also on the leading edge of the global outreach. “In the early 90s, I recognized that the buyers for my highest-priced properties were more and more often originating from overseas. This was actually before the Internet was even a reality for marketing purposes. As a result, I started focusing a significant percentage of my marketing to exposing my listings here in the states to affluent foreign buyers.” He also created a network of HJC representatives to promote his listings overseas. Currently, Hurwitz represents nearly $3 billion in luxury properties and developments worldwide.

Even those who work in the global arena today are occasionally surprised by the geographic diversity of investors and buyers. “One stat that recently jumped out at me is Aruba is home to 90-plus nationalities and ethnic groups, which I thought was fascinating,” shares Stephanie Anton, president of Luxury Portfolio International. “One of our affiliates there also pointed out that many of their buyers are coming from India.”

And this isn’t an isolated instance. Indian buyers are cropping up in many other primary and second-home locations, including Portugal. Among foreign buyers in the U.S., India ranks third after China and Canada. India is expected to lead the five-year growth in Asia’s ultra-high net worth population with a 39 percent increase, followed by the Philippines (38 percent) and China (35 percent).

Increasingly, the ultra-wealthy are not necessarily tied to one country or one region. Approximately, 26 percent plan to emigrate in the next year. Already, more than a third hold a second passport and 22 percent plan to buy outside their country of residence, according to Knight Frank.

However, 2018 saw only a marginal increase (0.8 percent) in the size of the ultra-wealthy population, which Wealth X describes as a “marked slowdown” from the year earlier. The combined net worth of the ultra-wealthy declined 1.7 percent, the first annual fall in three years, according to Wealth X. However, it’s important to view these changes in context, because 2017 saw dynamic wealth creation with double-digit growth in the number of ultra-wealthy and impressive gains in asset markets.

The global outlook this year is nuanced. Rising interest rates and the end of quantitative easing means we are reaching the end of super-charged returns on everything from classic cars to art and property, according to Knight Frank. Government policies continue to transition as some countries seek to attract wealth, with a record number offering citizenship and residency through policies regarding investment, while others restrict outflows of capital. Others, including Singapore, Australia, New Zealand, Canada and the UK will continue to make it more difficult for wealthy non-residents to purchase properties.

Looking ahead, expectations are for slower price growth in key markets. But, as with any correction, a shift in values is an opportunity to which buyers respond, something that is already happening in London, where agents see a potential turnaround, particularly for higher-priced properties, underway.

“London’s general property market has experienced a slowdown and fall in housing prices. That said, the luxury property market is certainly bottoming out and we are experiencing buyers returning to the market, which is demonstrated by our revenues being up 146 percent year on year,” says Martin Bikhit, managing director at Berkshire Hathaway HomeServices Kay & Co.

“Given all the uncertainty of Brexit, values in London have come down significantly. It’s a buyers’ market,” says Jalbert.

The exchange rate of the U.S. dollar to sterling makes the value equation even more appealing. “American buyers have been able to take advantage of savings up to 45 percent compared to the 2014 peak of the market. U.S. buyers believe that the market is going to spike post-Brexit and there is now an opportunity to buy competitively. Indeed, this is illustrated by the fact that American hedge funder Ken Griffin was the buyer behind two of London’s most expensive property transactions within the past year,” according to Bikhit, who calls this surge a “pre-Brexit boom.”

Hurwitz sees luxury penthouses in many traditional hot markets, including London, as good opportunities for buyers, since those prices have seen a big decline. Other recommendations in Europe include France as well as Tuscany, which, he says, has an appeal that transcends the strictly financial. “Finding something totally renovated in an authentic manner is key.”

A flat or pied-à-terre in Paris has become a rite of passage for Americans, says Anton, noting reports of particular interest coming from Silicon Valley. Paris is one of the bright spots in Europe, placing third on Knight Frank’s list of the

fastest-growing luxury markets.

“France and Italy are still two of our top locations and our offices are expanding in numbers and experiencing a very solid claim in the market,” says Craig Hogan, vice president, Coldwell Banker Global Luxury.

Berlin is Europe’s rising star. It has topped Urban Land Institute’s list of markets to watch in Europe for four years in a row, and currently ranks second after Madrid on rankings of the fastest-growing luxury real estate markets. Luxury residential here is a small but vibrant niche, with the number of privately owned apartments selling above 1 million euros growing by 17.5 percent from 2017 to 2018.

Stefan Schulze, COO, Berkshire Hathaway HomeServices Rubina Real Estate, says, “If Berlin succeeds in further expanding its potential in scientific and culture fields and remains one of the influential centers in Europe, it can be deemed certain that not only the number of premium new development projects but also the quality of luxury real estate will continue to grow sharply.”

Global Buyers in the U.S.

From the perspective of foreign buyers in the U.S., Hurwitz says, the market has changed multiple times over the last few years, fueled by factors as diverse as the attitude and oversight of a foreign buyer’s own government regarding money leaving their country, to crushing economic changes in their country of origin, to U.S. government restrictions on shell companies buying, to various others. Hurwitz says, “I still believe the U.S. is a safe bet and I am telling my clients to buy here.”

During the 12 months from April 2018 to March 2019, global purchases of U.S. properties fell sharply, with purchases declining by 36 percent. The dollar volume as well as the average price also declined. Rather than lack of interest from potential buyers, Lawrence Yun, NAR chief economist, cites what he calls “a confluence of factors — slower economic growth abroad, tighter capital controls in China, a stronger U.S. dollar and a low inventory of homes for sale.”

John Smaby, NAR president, adds, “There is still significant interest in U.S. properties across the globe, and the U.S. is still seen as a safe, secure place to invest.”

London

©istockphoto.com / _ultraforma_

Tuscany

©istockphoto.com / mammuth

Paris

©istockphoto.com / Givaga

Madrid

©istockphoto.com / SeanPavonePhoto

Global Bright Spots

Along with real estate professionals from over 27 countries, Stephanie Anton recently returned from her company’s international conference in Athens. “It was thrilling to hear and see firsthand about so many bright spots in the market,” she says, including places where property markets were hard hit by political and financial turmoil during the recession. “One that was particularly obvious was our host city itself. The optimism of the Greek people was palpable.”

Both Spain and Portugal are seeing an influx of buyers and a surge in sales. Both suffered during the recession and are experiencing a strong turnaround.

“I think there is a sentiment of Europeans kind of holding their breath and waiting to see what happens with Brexit. But yet, there are also bright spots and the bright spots are more of those second-home markets because they’re lifestyle purchases. And so people are less concerned about the economic impact of Brexit because of making decisions on purchasing second or third homes,” Anton observes.

Some of the strongest luxury markets this year have been in resort locales. San Miguel de Allende continues to rank at the top of best cities and second-home destinations. “Our typical luxury buyers are investors looking for properties to take advantage of the lucrative vacation rental market, or shopping for their second or third vacation homes,” says Nancy Howze, with CDR San Miguel.

“Upscale consumers tend to have a broad world view,” says Jalbert. “They understand markets and are attracted to a range of places. Buyers in different parts of Europe are looking for a weather change, so it’s no surprise to see the resurgences of locations along Costa Del Sol and Portugal.” Jalbert adds that almost 100 percent of the luxury transactions in their eight offices in Portugal are from buyers outside the country. “It’s just an incredibly enchanted place where they have beautiful properties, but where there has also been significant investment in infrastructure,” he says.

One thing that has remained constant across the globe is the attitude of the elite regarding buying. Some of the highest sales in the last year can be tracked to global buyers, according to Hogan. “They will spend the money but need to know it’s a wise decision.”

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

Under the Radar: North Cyprus and Canada

In honor of our annual Global issue, we highlight areas not always thought of at the top of the luxury real estate list — but they should be.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

Destinations of Interest: Panama

From tropical escapes to spectacular biodiversity and marine life, Panama has great appeal to buyers interested in luxury real estate.

Live Like Royalty in Cyprus

The Villa Diva estate, listed for $3.185 million, spreads across 6,000 square meters of land with stunning views of the Mediterranean Sea and mountains.

Featured Agent: Kathie Robidou of Coldwell Banker Advantage One Properties

Listed by Elite agent Kathie Robidou, this custom-built home on 20.2 acres offers stunning views, a gated entry and privacy.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Featured Agent: Sisi Takaki of Berkshire Hathaway HomeServices Hawaii Realty

Close to Waikiki business and Kakaako attractions, this luxury listing offered by Elite agent Sisi Takaki boasts a modern design set in a tropical landscape.

Elegance in St. Croix

In a quiet, gated community in St. Croix, U.S. Virgin Islands, this grand home offers comfort and space for grand entertaining.

Featured Agent: Kim Martin-Fisher of Coldwell Banker Vanguard Realty

Listed by some of the top producers in Northeast Florida, this Ponte Vedra Beach home offers 2,404 square feet and waterfrontage.

A Castle in Tuscany

Located approximately 25 kilometers from Florence, this magnificent castle for sale is one of the most spectacular castles found anywhere in Tuscany.

A Sunset Paradise

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty of the Florida Keys.

Luxury Living on the Lake

This unique lot in St. Clair Shores is positioned to enjoy dazzling sunrises, fishing off the dock and watching boats, all in a tranquil environment.

Elegant and Opulent Waterfront Estate in Sarasota

Grand estate features extravagant design and dazzling views of Sarasota's Intracoastal Waterway.

Waterfront Bliss in Florida

Make your waterfront living dreams come true with this Punta Gorda, Florida property! Sparkling views won't be missed from your own indoor pool.

Featured Agent: Kathie Robidou of Coldwell Banker Advantage One Properties

Listed by Elite agent Kathie Robidou, this custom-built home on 20.2 acres offers stunning views, a gated entry and privacy.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

Sprawling Estate with Incredible Views and Amenities

A stunning showplace of architecture and craftsmanship, this sprawling estate offers an elevated living experience in Kauai’s most desirable enclave, “Anini Vista.” Featuring incredible views: epic ocean, white water, Anini Reef, Hanalei mountain range and Bali Hai sunsets.

Crystal Clear Water Views in Nevada

Stunning views from this picturesque condominium await! Stillwater Cove in Nevada is full of luxurious amenities and wonderful entertainment.

An Italian Masterpiece

Formerly owned by tenor Titta Ruffo, this penthouse in Rome, Italy was recently redesigned by “starchitect” Dante Benini to grant the comfort of a yacht.

Who’s Who Luxury Real Estate Retreat Announces World Record Holder As Keynote Speaker for Spring Retreat

Want to learn how to become the real estate industry's go-to professional? Ryan Avery is the expert you've been looking for.

Tamarack Resort is More than Just a Destination

The Village at Tamarack is the latest ski-in/ski-out residential addition to the renowned Tamarack Resort in Idaho’s scenic Valley County.

New Luxury Residence Begins Sales

Pendry Residences West Hollywood features stunning interiors and high-end amenities.

Stacy Gottula joins Celebrity Team Eklund-Gomes

Stacy Gottula, one of the premier luxury real estate brokers with the Agency, has officially redirected her career toward working with Eklund and Gomes.

Engel and Völkers Snell Announces New Partnership

Luxury real estate company, Engel & Völkers Snell Real Estate, recently announced its newest partnership with Lifestyle Asset Group, an exclusive vacation home company.

New report affirms the allure of a second home

Luxury Portfolio International's newest report discusses "The Allure of the Second Home" and how affluent buyers are showing interest in resort markets.

Chinowth and Cohen Realtors to Receive Lifetime Achievement Award

With more than 65 years’ experience between them, Sheryl Chinowth and Lee Cohen, co-founders of Chinowth and Cohen Realtors, have proven to be leaders in the luxury real estate industry.

Home of Dean Martin for Sale

Totaling approximately 27,500 square feet, the massive concrete home with a modern museum-style aesthetic was completed in 1995, and has since replaced the longtime home Dean Martin originally purchased in the 1950s.

Renowned Chef Gastón Acurio is Joining Atlantis, Dubai, in 2020

One of the world’s leading Peruvian restaurants is announced as the latest culinary addition to The Royal Atlantis Resort & Residences, set to open late 2020.

Pimar Wins Award for Restoration of Ancient Italian Walls

The Italian limestone manufacturing company Pimar won first-place for its restoration of Parco delle Mure Urbiche in the city of Lecce.
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The Aloha Spirit

Photo by Charles Roach / aloha films

Experts say it’s the perfect time to buy in Hawaii. But when isn’t it?

Aloha is much more than a salutation or expression of farewell in Hawaii. The “Aloha Spirit” is a way of life. This philosophy of mutual regard and compassion for others was a gift from native Hawaiians and is still practiced today to contribute to the overall experience on the islands.

The relaxed nature combined with pristine beaches, luxurious homes, and natural beauty make Hawaii a dream location for a second or permanent home.

“Oahu, known as ‘The Gathering Place,’ offers a wonderful combination of the amenities you would find in a vibrant metropolitan city as well as easy access to the tropical environment, including beaches, trails, and spectacular scenic ocean views,” according to Tracy Allen, the vice president and global luxury ambassador for Coldwell Banker Pacific Properties in Honolulu. The Hawaiian Islands are a true place for gathering, from outdoor enthusiasts to business professionals, with the surrounding Central Pacific Ocean offering added benefits for all.

“Oahu is truly magical in that it has all of the beauty of Hawaii while offering the ultimate lifestyle in paradise — outdoor activities, dining, and culture,” says Tracy Bradley, president of Berkshire Hathaway HomeServices Hawai’i Realty. Similarly, Dannette Andrews, at Oceanfront Sotheby’s International Realty, says, “moving to Kauai is a lifestyle choice for people who appreciate the natural beauty and laid back lifestyle.”

Ideally located at almost the mid-way point between the United States and Asia, Hawaii is an oasis with easy access to flights in both directions. Although, visitors may never want to leave the world-renown beaches, gentle waves for canoe surfing or the more extreme Pipeline, gorgeous waterfalls, hiking, ziplining, luxurious homes, and high-end restaurants. “Year-round we are able to surf, play tennis, hike, snorkel, sail, bike, and enjoy paradise,” says Bradley.

Whether buyers are relocating or hunting for a second home, “it’s the perfect time to buy,” says Andrews. “Luxury real estate on [Kauai] used to be considered anything over $1 million, but I would now say it’s pushing closer to $1.5 million. And the ultra-luxury for high-end gated estates start around $4 million and go up.” According to Allen, Oahu is one of the most diverse metropolitan areas in the U.S., with a strong influx of foreign buyers. “The leading foreign investing is still from Japan, followed by Canada and Korea. U.S. West Coast buyers are also a dominant force in our market and make up a large segment of our second-home buyer market.”

Hawaii Luxury Experts

Hawaii

Tracy Allen

Vice President, Global Luxury Ambassador

Coldwell Banker Pacific Properties

D. 808.593.6415  C. 808.927.6415

Tracy@cbpacific.com

www.TracyAllenHawaii.com

PageS 142-144

Hawaii

Tracy Bradley, R

President, RB-15189

Berkshire Hathaway HomeServices Hawai’i Realty

D. 808.282.3264

tracyb@bhhshawaii.com

www.bhhshawaii.com

Page 42

Hawaii

Dannette Andrews

Realtor (S), CRS, CLHMS

Oceanfront Sotheby’s International Realty

C. 808.635.7019

Danette@KauaiLuxuryLiving.com

www.KauaiLuxuryLiving.com

PageS 44-45

THIS ARTICLE ORIGINALLY APPEARED IN THE GLOBAL 2019 ISSUE OF UNIQUE HOMES. TO SEE THE DIGITAL VERSION OF THIS STORY, CLICK HERE.

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Travel in 2020

All photos courtesy Tourradar.com

Now that the holidays are over and business is back to usual, it’s time to get excited about where you’re traveling in 2020.

Unique Homes and Tourradar.com have rounded up all the buzziest destinations for the year ahead so you can start planning your next great adventure!

Costa Rica

If you’re hoping to reconnect with nature this year, Costa Rica is the answer. It’s where tropical backgrounds are the norm, as is exotic wildlife, robust coffee flavours and the relaxing wellness retreats waiting for travellers beachside.

Stroll across suspension bridges up in the forest canopy and find yourself completely and utterly face-to-face with Mother Nature while in the dreamy cloud forest region of the country in Monteverde. 90% of Costa Rica’s energy is created by renewable sources, and they’re on track to become one of the first carbon-neutral countries this year. Play your part by choosing to spend vacation time in a country that’s going above and beyond to make a difference to our global climate crisis.

Just in case activities like hiking volcanoes, surfing and zip-lining through lush hilltops isn’t your thing, Costa Rica is also home to cities tailor-made for an escape, from San Jose to Puerto Viego. While there’s something for everyone in Costa Rica, the natural beauty and jungle life definitely come first place.

Bhutan

It’s been a couple of years now that people have been talking about Bhutan and for good reason. The country proudly boasts a nearly untouched natural landscape that will stun even the most well-travelled among us. Already the world’s only carbon-negative country, taking a breath of fresh air means something entirely different in Bhutan.

Nestled tightly in the Himalayas, you’ll find plenty of mountain trails capable of delivering you some awe-inspiring views in Bhutan, like those of Paro Taktsang – also known as Tiger Nest – it’s an iconic sacred Buddhist monastery that sits cliffside. There’s also the chance to see ornate palaces from as far back as the 17th century and national parks that are home to rare and exotic wildlife like the Himalayan black bear and red panda.

If you’re hoping to make 2020 the year for some spiritual respite, a visit to the world’s real-life Shangri-La is in order. 

Ireland

Easily enjoyed in under a week, the Emerald Isle is full of pursuits that balance adventure, nature and history with ease. 

The only road trip you’ll need for 2020 is along the Wild Atlantic Way, a 2,500-kilometer route that you can tackle in parts during your first visit. Embrace the elements along this sprawling route and enjoy discovering small-town life, coastal landscapes and secluded beaches across the country.

The sooner you visit, the faster you can start conquering your resolutions. Just make sure your trip itinerary includes a stop at the Blarney Castle where the famed Blarney Stone is located. As the legend goes, those who hang upside down and lay their lips on the stone is bestowed the gift of gab, which will help to ensure you get everything you want and more out of 2020.

Argentina

Home to one of the world’s most impressive networks of waterfalls, Argentina is teeming with extraordinary natural wonders that put travellers in the centre of it all. For example, visitors to the Argentina side of Iguazu Falls can enjoy kilometres of trails that will take you in and out of lush forests and within arm’s reach of the waterfalls themselves. If you’re in search of something a little cooler, then Glaciar Perito Moreno will not disappoint. You can witness the soaring beauty of this glacier in Los Glaciares National Park. And thanks to the park’s extended network of steel catwalks and platforms, Perito Moreno is one of the world’s most impressive and accessible glaciers.

You want a city escape with fiery music, and experimental takes on classic dishes, Buenos Aires, the country’s capital, is an essential stop on your 2020 adventures. Argentinians know their way around beef, and their steaks will wow your tastebuds. You can end your night in Buenos Aires by visiting a tango bar and working off your dinner in a flurry of dance moves taught to you by local experts.

Looking to include world-class wine? Just head to Mendoza (Argentina’s wine country). You can learn how the grapes are grown and cared for in the thick of it all. We promise once you’re walking alongside the farmers, hearing their stories firsthand, a glass of Malbec will taste all the more satisfying.

 

 

Want to learn about other potential travel destinations? Visit Tourradar.com for more opportunities!

 

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A Castle in Tuscany

Located approximately 25 kilometers from Florence, this magnificent castle for sale occupies an incredibly dominant position and is without doubt one of the most spectacular castles found anywhere in Tuscany.

Named Torre Del Castellano, the exact origins of the castle are unknown however documents dating back to the 14th century note the castle within local records. It is believed to have been built around a watchtower, first with a signalling function and then as a garrison, hosting a small group of soldiers for the control of the major roads that linked Florence to Arezzo and Rome.

Throughout the centuries the castle increased its strategic importance as it was located on the southern borders of the Republic of Florence, in an area where the power of noble feudal families was still strong, and where they often took refuge during wars and disputes of the time.

The castle eventually lost its military function and was subsequently transformed into a manor house. As with many other former military buildings located in the countryside, it was later converted into a farm and at that time cellars and an oil mill were established in the basement. After a long period of dilapidation in the first half of the 20th century, the castle was restored by the current owners.

The main tower at a height of 30 metres offers absolutely breathtaking views over the surrounding countryside.

The property has all the characteristics to be transformed into a luxury boutique hotel or alternatively it could be used as a stunning private estate. This is a unique opportunity to purchase one of the most impressive castles currently on the market not just in Italy but throughout Europe.

Distances

Florence: 25 km

Arezzo: 50 km

Siena: 70 km

Airports

Florence: 40 km

Pisa: 110 km

Details

Price: Price upon request

Interior: Living Space: Approximately 1,277 square meters

Cellar/Cantina: Approximately 434 square meters

Land: 9 hectares/22-plus acres

Rooms: 26

Bedrooms: 9

Baths: 7

Chapel/Capella: Separate and included in this offering

 

For more information, contact:

Jean Mastagni, Broker Associate

DRE License#00479256

Coldwell Banker Residential Brokerage

36 Tiburon Boulevard

Mill Valley, CA 94941

jeanlmastagni@gmail.com

Office:  415 381-7686

Cell:   415 310-7386

www.jeanmastagni.com

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A Sunset Paradise

Come home to Sunset Paradise!

This exquisite new construction estate will excite the discerning buyer who is looking for quality, uniqueness and all the beauty the Florida Keys has to offer.

Two fantastic homes totaling 7 bedrooms and 8.5 baths situated on 2.75 acres of private property with expansive views of the gorgeous Florida Bay.

Nestled among the lush tropical landscape, this property will not disappoint. 

The main house features 5 bedrooms, 6.5 bathrooms of solid concrete construction, elevator, gourmet kitchen and many high-end features.

The guest cottage was renovated to feature 2 bedrooms with ensuite bathrooms, living room and kitchen all tastefully designed and decorated. 

Open water views, dockage, immediate access to the bay and easy access to the Atlantic Ocean!

  

94225 Overseas Highway

Key Largo, FL

$7,199,999

Agent: Melissa Nowell

(305) 394-3210 

mnowell@cbschmitt.com

 

 

Fantastic house! Beautiful finishes and décor!

Brett N.

Coldwell Banker Schmitt

Stunning – no comparison!

Pat M.

LoKation Realty

Perfection! Great location for accessing bay and ocean!

Sarah E

Sotheby's International Realty

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Elegance in St. Croix

In a quiet, gated community in St. Croix, U.S. Virgin Islands, this grand home offers comfort and space for grand entertaining.

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Sprawling Estate with Incredible Views and Amenities

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Crystal Clear Water Views in Nevada

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Lady Globetrotters

Courtesy of Explorer Chick.

Women are influencing all facets of the travel industry as they acquire more spending power.

Not only are women earning and spending more in 2019, but they’re traveling differently — from the activities pursued, to the destinations visited, to the companions chosen. And they’re making an impact. Women currently make 70 percent of all travel decisions, according to Bridget Brennan’s “Why She Buys.”

“It’s a really interesting time for women globally — more and more women are getting an education, having careers, managing their own finances and disposable income. As a result, these women are beginning to seek travel experiences that are purely for themselves,” says Lauren Bates, founder
of Wild Terrains — a women-only group travel company that supports female-owned businesses.

Although it’s not the case for all women, more female travelers are breaking away from “stereotypical” female-catered trips. Instead of yoga retreats, spa weekends and relaxing getaways, women are pursuing high-intensity travel experiences, driving the rise of Adventure Travel — travel that typically involves physically challenging outdoor activities.

Seventy-five percent of travelers pursuing nature, adventure, or cultural trips are women between the ages of 20 and 70, according to the Travel Industry Association of America.

“Women have always been a force in the travel industry, but social media has really brought that to light,” says Nicki Bruckmann, founder of Explorer Chick, an adventure travel company for women. “It’s moving from a dream to a reality for many women. Women who may have daydreamed about world travel are seeing that yes, they too can travel the world and have incredible experiences.”

Whether it’s supporting women who want to explore the Grand Canyon, cruise along the Nile River or float in the Dead Sea, the travel industry is shifting as it begins to focus on women, and their increasing desire for exploration. A growing number of female-catered travel companies are popping up, curating female-focused group travel experiences.

“A generation ago, women-only travel was an oddity,” says Debra Asberry of Women Traveling Together, a female-
catered travel tour company. “That is no longer true, but it is not widely known that 
women-only travel exists. Only when a woman starts searching for a travel solution for herself does she discover the myriad of choices out there.”

The growing desire for female-catered travel is closely tied to the type of trips women are pursuing.

“I could only find women’s group trips that were activity-specific, focusing on things like yoga and trekking,” says Bates, of her experience prior to launching her business. “That frustrated me on a personal level, because I’m a more dynamic traveler…. It also frustrated me on a broader level, because I believe globally we tend to market to women in a very one- or two-dimensional way that misses the mark on what women are really craving in terms of experiences.”

Mexico

“Nothing like [Wild Terrains] existed when we started. There were women-only travel companies, but none of them were actively supporting women hotel owners, artists, chefs, designers, architects, and historians in the destinations they visit. We’ve seen a surge in women-owned businesses globally in the last decade. The only way to ensure they keep growing is to support their businesses.” — Lauren Bates

Photo courtesy of Wild Terrains.

Horseshoe Bend, Utah

“In 2014, I found myself in the wake of a divorce. My break-up presented me with ‘the greatest gift of all’ — a do-over. There I was, an athlete, an adrenaline junkie, and rearing to go experience the world but I was out a travel buddy…. I chose to use my second chance at life to create a company that empowers women to be adventurous. There was no way I was the only other woman out there in this predicament.” — Nicki Bruckmann

Photo courtesy of Explorer Chick.

Skogafoss Waterfall, Iceland

“I wanted to do more than just offer trips for women. I wanted to focus exclusively on the woman traveling solo. I wanted her to feel like a priority on our tours, not an afterthought. I had been a solo traveler on a traditional couples tour and felt like a 5th wheel. It was depressing and lonely, but my other option at the time had been to plan my own trip and go by myself, something I did not feel safe doing alone.” — Debra Asberry

Photo courtesy of Women Traveling Together.

West Virginia

Courtesy of Explorer Chick.

Old Havana, Cuba

Courtesy of Damesly.

Dominican Republic

Courtesy of Explorer Chick.

“I often hear (and as was my case as well), that women just don’t have friends or family they can travel with in the way in which they want to travel,” says Bruckmann. “This is especially true for our adventure trips, since the itineraries are more challenging. So, instead of downgrading their vacation or compromising, women are booking group trips that meet their travel needs.” 

Plus, these female-led businesses are not simply offering one-of-a-kind travel experiences, they are connecting and empowering women across the globe.

“When you have the non-judgemental support of 10 cheering women as you stand on the edge of a waterfall 35 feet in the air, your fears shrink, your courage grows, and you make that leap,” Bruckmann says. “Women overcome their fears on these trips, which often carries over into their daily lives.”

Kelly Lewis, CEO of Damesly — a boutique tour operator for women, says “it is very rare, in my experience, that women will find us just because they want to go to a specific destination. I think women find us when they need to, because they want to travel and they want to make friends.”

“Wild Terrains exists for women from all walks of life, in all stages of life. We want to give women not only a safe space to explore the world, but also a space to nourish their creativity and build relationships with each other,” Bates adds.

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