Connecting our Clients to the Lifestyle of their Dreams – ALLURE OF THE SECOND HOME: WHY AFFLUENT BUYERS ARE DISPLAYING CONFIDENCE IN RESORT MARKETS

The potential market for luxury property has never been bigger.

In our most recent research report, The Allure of the Second Home: Why Affluent Buyers are Displaying Confidence in Resort Markets, we explore the current state of the second home market, as it relates to the affluent consumer, focusing on the top 10% and above income earners in 26 countries, who are in the market to buy or sell a second or vacation home in the next three years.

Who is Considering Buying and Selling?

Buyers, age 40 and younger, are taking over the luxury second home market, but lack the experience of Gen X and Boomers

Luxury second home buyers and sellers have similar demographic profiles in terms of age, geography, education and professional status. As a result, their financial profiles are similar, with the only noticeable difference being that sellers have slightly higher asset levels.

Interestingly, this group has notably high assets for their age. About half of the qualified consumer market is under the age of 40, yet their aspirations for purchase are in the millions of dollars.

For most, this is not their first time purchasing a second home—the average number of residences is over three and 14% own at least five residences currently. Driven not by the Millennial group, but rather by Gen X and Boomers. Of Gen X luxury second home buyers, 17% have more than five homes, along with 19% of Boomers in this buyer group.

Current State of the Resort and Second Home Market

Affluent consumers are in acquisition mode

Those who are in the market to purchase a luxury second home are adding to their portfolio and unlikely to sell their existing second home at the moment—thus there are more buyers than sellers. Interestingly too, this means that sellers are also buyers, but buyers are not necessarily sellers.

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Buyers show more confidence in the market than sellers. More than half of buyers believe that now is a good time to purchase a second home, while relatively few think it is a good time to sell. As noted previously, these consumers are quite savvy when it comes to homeownership; 76% own two or more properties currently.

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What are Second-Home Buyers Looking for?

Wellness is the New Luxury

Affluent consumers have begun living with wellness in mind and this also influences the second home market. In fact, 96% take at least one aspect of wellness seriously as part of their daily routine. Beyond physical and emotional wellness, which most affluent consumers focus on, luxury buyers are keen to improve their intellectual, social and even spiritual wellness.

Amenities that address these needs are sought by buyers and especially resort and second home buyers because of a growing demand for communities that take a holistic approach to overall wellness.

The Bottom Line

With more buyers than sellers, the demand for second homes is keeping home values high for luxury properties. Younger buyers are becoming more prominent, currently making up nearly half of the market, however, older generations have more experience buying second homes. Multiple residences, as well as customized experiences, including wellness amenities becoming a priority.

Would you like more information – just reach out and let’s chat:  214.769.2142

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Connecting our Clients to the Lifestyle of their Dreams – THE LATEST HOME DECOR TRENDS FOR 2019

LOOK at this!  Whether you are looking to overhaul your space or simply change a few accents to update your favorite room, we have researched some of the hottest trends to help you modernize your favorite room. Take a look at some of our favorite home décor trends and get inspired to update your abode.

Antique Pieces

ANTIQUE PIECES

These pieces are trending in the design space in a big way. Incorporate an antique into your living or dining room area for an interesting conversation piece.


Pop of Color

ADD A POP OF COLOR

Update a space with a rich pop of color for fall. Pinks and greens are go-to colors for many but for a bold statement, incorporate rich reds in pillows, curtains or furnishings.


Embrace Orange

EMBRACE ORANGE

Fall’s staple color orange has been an accent color for years and now, it is coming into its own. For a daring change, try orange walls or flooring in your space.


Bold Biophilia

BOLD BIOPHILIA

Embrace the outdoors with a biophilic design in your home. Incorporate plants or highlight your garden area to bring the outdoors in.

To stay abreast of the latest trends in home decor, travel and more subscribe to CLo & DLo.

Connecting our Clients to the Lifestyle of their Dreams – Weekend Getaways: Austin

If you could live anywhere in the world, where would it be? Ever thought about Austin?

A perfect time for a Road Trip to check this area out! Home to the Texas State Capitol, The University of Texas, iconic Sixth Street and keeping things weird, Austin has established a vibe all its own — think California-cool meets classic Texas charm. Every street, shop and local hotspot is buzzing with a vibrant elegance, yet offers a cool and eclectic flair.

Here are some of our favorite recommendations for the perfect weekend road trip to Texas’ most Instagram-able city.

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Where to Stay

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Hotel Saint Cecilia@hotelsaintcecilia

A secluded property that embodies the elegance of old-world luxury and the irreverence of artistic spirits and revolutionary idols alike. Visit the lobby shop for exclusive finds, like fragrances crafted with flowers from the hotel’s own garden.

Where to Dine

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The Knotty Deck & Bar | @knottydeck

Cap off an eventful day with Texas-themed cocktails, farm-to-table scratch fare and arguably one of the best patios in town.

Where to Play

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Unbarlievable | @unbarlievable

Toast delightful libations in an incredibly fun atmosphere with a carnival theme.

Let’s Chat: 214.769.2142 or read the full story in our spring/summer issue of Grand Vie: Luxury in Living.

For more information on Austin or any other city around or near DFW, just connect with us by calling or texting 214.769.2142.

Connecting our Clients to the Lifestyle of their Dreams – OUTDOOR ENTERTAINING TRENDS 2019

As warmer weather approaches, party planners start buzzing about outdoor entertaining. For many people, nothing can beat a springtime garden party, mid-summer poolside gathering, or early fall bonfire. With good planning and vision, your outdoor gathering can boast just as much luxury and style as any indoor soiree.

In general, the trend for outdoor entertaining in 2019 will be a blend of comfort and elegance, with well-designed outdoor spaces, thoughtful food and drink, and bursts of creative flair like unique flower arrangements or craft cocktails.

If you’re interested in incorporating some upcoming trends into your outdoor entertainment plans, here are some ideas to get you started:

JUST ADD FIRE

Attractive and functional fire pits are a popular choice for those who frequently entertain outdoors. Safer and more elegant than an open fire, the right fire pit can enhance your patio decor while providing a cozy spot for guests to gather. Outdoor dining tables with built-in fire pits combine functionality with comfort and fun, and fire pits can be found in many styles to match your taste. Toasting marshmallows can be a luxurious activity with specialty flavored marshmallows and whimsical skewers.


ECO-FRIENDLY ENTERTAINING

Sustainability is a trend across the board, and for outdoor entertaining that means sustainable decor and tableware. With more and more companies offering eco-friendly products, hosting a sustainable party can still be both elegant and tasteful. Melamine dishes come in a spectrum of colors and patterns and are perfect for outdoor dining. Try fun patterned paper straws instead of plastic ones. As a bonus, these alternatives feel much more luxurious than plastic.

Local food is a big part of the sustainability trend, and it fits right into the atmosphere of an eco-friendly outdoor gathering. Find a high-end catering company that sources local ingredients, and let your guests know where the food is coming from. From quality grass-fed steaks and locally caught fish on the grill to seasonal fruits blended into cocktails, sustainable food can elevate your festivities.


CAPTIVATING CORAL

Adding color to outdoor spaces is an exciting trend for 2019 (no more greige!), and what better way to embrace this concept than using Pantone’s Color of the Year? This year, the color is Living Coral, a mellow, uplifting shade. Try incorporating coral into your outdoor design with throw pillows, blankets, outdoor rugs, and tablecloths. You could even work it into your flower arrangements or cocktail recipes. Bold color choices are also trendy, so don’t be afraid to use colors that pop for your outdoor entertaining.


CREATIVE LIGHTING AND FLOWERS

Now that more extravagant lighting solutions are available and accessible, expect creative hosts to ramp up their lighting style when planning outdoor gatherings. Layered lighting, projections, and strong lighting statements are all ways to create an impressive atmosphere for outdoor entertaining.

Floral arrangements have moved beyond simple tabletop centerpieces and are often a striking piece of design in and of themselves. Monochromatic floral designs, flower ceilings, and unique plants like succulents will be gracing patios and gardens in 2019. If floral design is beyond your own comfort level as a host, hire a good local florist to help prepare for your outdoor parties.


INNOVATIVE COCKTAILS

Nothing enhances an outdoor gathering like the perfect cocktail. For outdoor entertaining in 2019, cocktails will have surprising ingredients – think turmeric or mushrooms. Locally-produced spirits (especially gin) will be a hot ingredient and educating guests with tastings and flights will be a highlight. Even mocktails will be elevated beyond the standard Shirley Temple as more sophisticated nonalcoholic mixers and recipes are available.

Whether you follow some of these trends or bring your own creative touches to your outdoor parties, this entertainment season is sure to be full of fun, comfort, and luxury.

Looking for more entertaining inspiration? Check out our tips on how to Pamper Your Party Guests with The Finest Offerings.

For more information on outdoor entertaining, just connect with us by calling or texting 214.769.2142.

Connecting our Clients to the Lifestyle of their Dreams – TOP 5 LUXURY RETIREMENT DESTINATIONS

If you could live anywhere in the world, where would it be? Retirement should be about experiencing life to its fullest in a new city. Relocating to a new place allows retirees to dive into new cultural experiences, relax in a new setting, and meet people from all around the world. Those thinking about retiring luxuriously should look towards certain cities that offer breathtaking views, top-rated restaurants, and high-end homes. Here are five of the top locations from around the world to consider when purchasing a luxury or high-end vacation home.

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KUALA LUMPUR, MALAYSIA  |  RM10,500,000

MALAYSIA

If you are searching for beaches, islands, or rain forests, Malaysia is the ideal retirement destination for you. The unofficial language of Malaysia is English, making it an easy transition for retirees from America. Those looking to live an outdoor lifestyle will love the various activities available mixed with year-round good weather. There is so much beauty for retirees to enjoy in Malaysia.

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SCOTTSDALE, AZ, USA  |  $1,435,000

SCOTTSDALE, ARIZONA

One of the premier vacation destinations in America is also one of the premier retirement destinations. Those looking to indulge in golf during retirement will find Scottsdale to be the perfect location, because the weather is ideal with sunny conditions almost 90 percent of the time and only seven inches of annual rainfall. Not only can retirees enjoy the dozens of area golf courses, but there are more than 125 galleries, museums, and performing art venues to enjoy and various boutique shopping and fine dining options to choose from. Scottsdale is one of the fastest growing areas in the country and loaded with luxurious homes and condos that will fit any retiree. Retiring comfortably comes easy in Scottsdale.

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SALES DE LLIERCA, SPAIN  |  €2,950,000

SPAIN

Spain is made up of beautiful beaches, spacious mountains, picturesque forests, delicious food, world-class festivals, and friendly locals. Besides having to learn Spanish, those retiring will have an easy transition to the new atmosphere, and they will find it a comfortable place without having to give up anything they love from America. It is easy to fall in love with the local culture, and there is an active nightlife for those looking for a good time. It has one of the best healthcare systems in the world and they are also known as one of the most tolerant places to live. Spain is a great destination to call home during retirement.

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NEW YORK, NY, USA  |  $6,750,000

NEW YORK CITY

New York City is home to more billionaires than any other U.S. city, and there are plenty of luxurious things in the city for them to enjoy. Mass transit, elite doctors, and a multicultural population make the Big Apple a great retirement location. People from all cultures and lifestyles can be found here, and New York City is much safer than other competing large cities. Designer shops, award-winning restaurants, and the best entertainment is available to those who call New York City home. For the right price, retirees can even enjoy a spectacular view of the Manhattan skyline from the luxury of their home. Retiring should be fun, and New York City can make that happen.

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SAN QUIRICO D’ORCIA, ITALY  |  €3,400,000

ITALY

Discover romance, picturesque settings, timeless villages, snow-covered mountains, and obscure islands during retirement in Italy. Some of the finest foods are found here, but it may take a lifetime to experience all of the tastes available. Beautiful scenery, stunning real estate, and quality health care are some other reasons to retire here. Retiring in Italy is a magical experience that will make you feel as if you are living in a dream.

If you are looking for a retirement destination in the U.S. or abroad, now is the time to start searching. Make the most of your retirement and find a luxurious destination that is right for you.

For more information on buying a luxury home, check out the Top 5 Reasons You Should Purchase a Luxury Vacation Home in 2019  OR just connect with us!  214.769.2142

Connecting our Clients to the Lifestyle of their Dreams – MAKE A STATEMENT: WATERFRONT LIVING

If you could live anywhere in the world, where would it be? Imagine awakening to views of the sun glimmering off the surface of a nearby lake or feeling a cool ocean breeze just outside your window every morning. The crisp smell of nature and the relaxing sound of gentle waves can only be experienced when you live steps away from a stunning body of water. Take a look at these homes for an inside look at some of the most beautiful seaside retreats around the world.

We are here to Connect you to your perfect Lifestyle…..

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PENTHOUSE AMONG THE CLOUDS

Naples, Florida, USA  |  $1,650,000

Situated just above the Venetian Bay lies this remarkable 2-bedroom, 2-bathroom luxury penthouse. Updated features, including wood flooring and high-end accents throughout breathe new life into this stunning beachfront home. Residents will enjoy views of the Gulf, white sandy beaches and tropical palm trees through the 9ft floor to ceiling windows inside the home. The Park Shore Beach promenade walk and an upscale shopping center are located only steps away from the main residence. Web ID: DMHO


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UNIQUE CARIBBEAN JEWEL

Petite Saline, Saint Barthelemy  |  PRICE UPON REQUEST

This incredible estate overlooks the bay of Lorient and is surrounded by greenery and vegetation. Both expansive and private, the home hosts incredible amenities including an infinity pool, a fully equipped kitchen with a breakfast bar and a private tennis court. The 5-bedroom, 5-bathroom estate spans more than three acres and includes several rooms with direct views of the ocean nearby. Web ID: SIDQ


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CASA REAL

Playa del Carmen, Mexico  |  $13,500,000

Designed by renowned Mexican architecture firm Sordo Madaleno, this beautiful beachfront estate is truly one of a kind. With a rooftop lounge area, master bedrooms overlooking the ocean and a unique contemporary design, this home is equipped to satisfy even the most discerning buyer. For residents looking to enjoy the sights, the estate is only five minutes away from Playa del Carmen’s famous Fifth Avenue, which hosts several boutiques, restaurants and nightlife for locals. Web ID: UDAE

Click here to View more stunning waterfront listings around the world using our advanced search.

Connecting our Clients to the Lifestyle of their Dreams…Featuring: SAN MIGUEL DE ALLENDE

If you could live anywhere in the world, where would it be?  Here’s an idea –  Named the best city in the world by Travel + Leisure in both 2017 and 2018, the small town of San Miguel de Allende is revered around the world for its stunning architecture, incredible cuisine and peaceful lifestyle. Gaining attention from both retirees and expats, the city is becoming increasingly popular leaving many to wonder if home prices will increase over time. In this month’s Global Market Guide, we take an inside look at the current state and the predicted future of the luxury real estate market in San Miguel de Allende, Mexico.

Sounds interesting, doesn’t it?  Want to know more…just call us: 214.769.2142

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MARKET TRANSACTIONS

Transactions in San Miguel are primarily done in cash, so many agents have found that it is easier to vet clients because they know that potential home owners are coming to the table prepared to buy.

Exclusive listings are prevalent among sellers in the market. Buyer representation is not dominant like it is in the United States although, there are agents in San Miguel de Allende that focus specifically on helping buyers throughout the transaction since the process is much different than in other parts of the world.

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CURRENT HOUSING MARKET

Clients come to San Miguel for the high-end location, stunning views, pools and a relaxing quality of life. Recently, buyers in the area have been looking for homes with cleaner lines and contemporary design, which differ from the arches and Spanish colonial aesthetic that is dominant in the area.

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NEW CONSTRUCTION

There has been an influx of new construction just outside of the city within the past 5-7 years, and many luxury buyers have been attracted to these new developments. Traditionally buyers are interested in nearby attractions such as vineyard and equestrian offerings and several have been attracted to the mall and golf course near many of the new developments outside the city.

LUXURY BUYER PROFILE

Because San Miguel is a secondary market, where many buyers travel to purchase second and vacation homes, many buyers are often very clear on their preferences when purchasing a residence. These buyers are focused on harnessing the cultural experience with a level of sophistication.

CURRENT POLITICAL CLIMATE

Last year (2018) proved to be the best year on record for our member. Sales saw a significant decrease during the election, however following the election, when it was confirmed that the peso would not be affected, sales began to increase. Since the election prices in the area have remained steady and buyers are once again confident in the market.

GROWTH IN THE MARKET

Currently, San Miguel is seeing significant price improvement in the area, which our member predicts will stabilize the market for the next quarter. The demand for real estate is high in the area as more retirees and expats flock to the area.

Both culturally and artistically dynamic, the small city is protected by UNESCO preserving much of the original architecture and historically significant monuments that draw potential buyers to the area.

In mid-2018 local authorities temporarily blocked individuals from selling buying or remodeling properties until new regulations were set up to limit and preserve architecture in the area. Since then, new construction has remedied much of this and San Miguel de Allende continues to expand welcoming locals and foreign buyers alike.

 

Special thanks to our member CDR Bienes San Miguel for providing their insights about the luxury market in San Miguel de Allende, Mexico.

For more information about properties in San Miguel de Allende, browse here.  OR just contact us directly at 214.769.2142