What does Luxury mean to you? GLOBAL LUXURY Real Estate Report 2017

This is an interesting report on the Consumer Relationship to Luxury and Status – What does Luxury mean to you?….To find out more about our Global Luxury Real Estate, call us at 214.769.2142.

On September 26, 2017 Luxury Portfolio International® unveiled their 2017 Global Luxury Real Estate Report at the annual LeadingRE Global Symposium in Vienna, Austria. The report highlights the important differences among luxury consumers including attitudes toward luxury living and the thoughts and motivations of the luxury consumer, in four prevalent global regions: North America, Europe, MENA (Middle East/North Africa) and Asia-Pacific.

The motivations of the luxury consumer are effected by global factors that surpass the traditional ideals of the real estate industry. Luxury consumers are no longer solely concerned with the look and feel of a home, but also how it functions. Values and lifestyle are significant factors in how HNWI (High-Net-Worth Individuals) make purchasing decisions. Recently, there has been an increase in interest for housing amenities that focus on elder care. These trend is prevalent on a global basis and effects was recently promoted as one of the top trends at the 2017 Homebuilders show in Bangkok, Thailand.

Luxury consumers in all four regions have one common value related to status — achievement through hard work. This effort is engrained early in life, starting with the pursuit of a career path through higher education. In the Middle East, status supports their own internal validation, while in the Asia-Pacific region, status is a symbol of their good fortune.

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The report indicates that the idea that status equates to luxury is strongest in the Middle East and Asia-Pacific regions. In the Middle East, 81% of consumers stated that owning luxury symbolizes status, while 36% expressed the same belief in Europe. The different views on luxury in these two regions is mostly caused by the modest responses from the U.K.

In the last few years, the issue of privacy has become increasingly important to HNWI. Worldwide, 82% of buyers expressed that their privacy has never been more important. Luxury buyers are beginning to seek out security features that allow them to monitor their homes remotely. HNW buyers are also extremely aware of the risk posed by identity theft and their home technology desires match that concern. Luxury consumers value centralized networks to securely control smart-home and internet connections.

See more coverage of the 2017 Global Luxury Real Estate Report by The Real Deal, Robb Report and Inman . For the latest information on the values and motivations of the global luxury consumer, download the complete report here.

Please direct questions or media inquiries to pr@luxuryportfolio.com.

Article from Luxury Portfolio International, a comprehensive marketing program exclusively for companies that are part of Leading Real Estate Companies of the World®. The network is the best locally-branded brokerages and associates in the world, with 550 companies, 4,000 offices and 130,000 associates in over 60 countries, who collectively produce over $351 billion in annual home sales. Membership is with the company rather than with individual associates. Within LeadingRE firms which are dominant in the luxury market may be invited to join Luxury Portfolio.

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Hurricane Harvey is bringing us all together! How Can You Help?

Friends from “everywhere” have been contacting us to see What They Can Do To Help.

There are so many ways to do that! Here are just a few:

DONATE MONEY

American Red Cross To donate, visit redcross.org, call 1- 800-RED CROSS or text the word HARVEY to 90999 to make a $10 donation.

The Salvation Army is accepting financial donations. To donate, visit helpsalvationarmy.org or call 1-800-725-2769.

The Dallas Foundation has started a Hurricane Harvey Relief Fund. Donate at dallasfoundation.org.

DONATE CLOTHING, SUPPLIES

For people interested in helping set up the mega shelter at the Dallas Convention Center, Dallas County Voluntary Organizations Active in Disaster member Trusted World is accepting new underwear, new socks, new warmups for men, women, children and infants, toiletries/hygiene products, baby formula and baby wipes, bottles, diapers and the Graco Pac n’ Plays for babies to sleep in. Drop off is at 15660 N. Dallas Parkway, just north of Arapaho on the north side of the Parkway. The donations center will open daily from 3 to 8 p.m. daily. TrustedWorld.org

DONATE BLOOD

Carter BloodCare will send blood donations to its partners affected by Hurricane Harvey. 1-877-571-1000. Text DONATE4LIFE to 444-999

HELP PETS

SPCA of Texas is expecting 300 cats and dogs to come to North Texas. The agency is asking for donations of cat litter, litter boxes, towels, blankets, treats, toys and newspaper. Donations can be dropped off at SPCA of Texas Jan Rees-Jones Animal Care Center at 2400 Lone Star Drive in Dallas and the SPCA of Texas at 8411 Stacy Road in McKinney. Monetary donations can be made online at SPCA.org/gift.

PROVIDE SHELTER

Volunteer your rental home or room at through rental site Airbnb.com, which is connecting evacuees in the path of the storm with free, short-term lodging. Airbnb hosts are able to volunteer their rentals through a sign-up program at Airbnb.com/disaster.

VOLUNTEER

The Red Cross and Salvation Army will be involved with disaster relief efforts, providing shelter, fresh drinking water, food, toiletries, clothes, bedding and other necessities. They also are involved with rebuilding efforts once the storm has passed and will send trained volunteers to help with the recovery. The Red Cross and Salvation Army also need volunteers to help at the shelters set up to house people who fled the coast.

Red Cross redcross.org/volunteer

Salvation Army salvationarmyusa.org/usn/volunteer

ADDITIONAL WAYS YOU CAN HELP NOW

Catholic Charities USA Visit catholiccharitiesusa.org to donate.

GlobalGiving Visit globalgiving.org/harvey. Donors can also text HARVEY to 80100 to donate $10 to GlobalGiving’s Hurricane Harvey Relief Fund

Save the Children Visit savethechildren.org. Save the Children’s emergency response team is on the ground in San Antonio working to meet children and families’ immediate needs.

Apple The multimedia giant has set up a donation link directly on iTunes and App Store. Visit apple.com for more information. Donations will go directly to the American Red Cross.

Hurricane Harvey Relief Fund Houston Mayor Sylvester Turner established this fund administered by the Greater Houston Community Foundation to accept tax-deductible flood-relief donations. Donations can be made at ghcf.org.

These are just a few of the ways you can help our fellow Texans. Please act now to help our neighbors in need!

Texas Rising

 

 

Have Weekend Plans? Here are some THINGS TO DO & CHEW here in Dallas!

For More Ideas on what is happening around our Great Dallas Metro – just call and let’s chat!  214.769.2142

Parabola Imperial Stout Keg Tapping
Kick off your T.G.I.F. with a sip of some rare Russian stout. Firestone Walker Brewing Co. is tapping into a Parabola Imperial Stout keg, one of only eight in Texas. To learn more about the event and the 14.5-percent ABV stout, check out the Facebook Page.

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Fish-N-Chips Pop Up
Get a glimpse of what life would have been like had the Revolutionary War swung the other way. Noble Rey Brewing Company is teaming up with The Proper Baking Co. for the ultimate British pop up. Fill up on fish and chips, pea fritters, beer-battered bangers and more from noon to 5 p.m.

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Oak Highlands Brewery Beer Brunch
Sundown at Granada and Oak Highlands Brewery are throwing a beer brunch from 1:30 p.m. to 3 p.m. Purchase a ticket for the three-course brunch and seasonal beer pairing and learn how everything goes together. Tickets are $35. Buy them here.

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Bulleit Bourbon Cocktail Pop Up
Spend your Sunday at The Rustic for Bulleit Frontier Whiskey’s bourbon pop up from 4 p.m. to 6 p.m. Enjoy a drink, live music and stick around for a family-style Sunday supper. Learn more here.

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National IPA Day Celebration
On Rotation is commemorating National IPA Day with a week of celebrations beginning this Sunday. Come down to their taproom at 6 p.m. for your fair share of IPA taps.

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(Information taken from D Magazine.)

If you know me, you know I LOVE our D.FW high-rises! There’s a new Skyscraper in our future…

Downtown.

North side.

Field Street.

45 story apartment high-rise.

Will be the tallest in 3 decades!

Call us to find out more about other great Developments happening in our great Metro!  214.769.2142.

Chicago-based company, Amli Residential is the developer. They hired Austin-based architect Page Southerland Page, Inc. to be the architect. They wanted something different…not the typical glass and concrete box. “It was of the utmost importance we do something unique and different being next to I.M. Pei’s Fountain Place,” said Amli executive vice president Taylor Bowen. “We want to have one of the premier timeless buildings downtown.”

Will be the tallest building next to the 55-story Chase Tower (opened in 1987).

Design: Pointed Prism of Green Glass.

This complex will hold 367 apartments, each unit about 1,250 square feet and will take 2 years to build.

Can’t wait to see the final product!

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Article by DallasNews.

LOOK where the Dallas Metro ranks! – Top 5 Cities to Invest in Housing 2017

Forbes teamed up with Local Market Monitor, a North Carolina-based company that tracks more than 300 housing markets to gather data for these results. Jobs and home prices are growing in these markets. Each city listed still is predicted to grow 17% by 2020.

Call our team to find out more about our great D.FW – 214.769.2142

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Dallas takes spot #1 after being #6 in 2016.

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Jacksonville is the first of 3 Florida cities on full list of 20.

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Local Market Monitor CEO Ingo Winzer says “With a falling economy it doesn’t matter if things are good right now, they are not going to be good in a few years.”

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Prices in Seattle rose 12% last year the most of any list city.

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Despite the major rise in prices, homes here are not yet over valued.

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Dallas is still SIZZLING and if you want to buy or sell a home, call us for help!

-Cynthia & Diego Lopez @ 214.769.2142

Relocation to Dallas

The Dallas News posted an article last week about the lack of houses in the D/FW area. Why aren’t there enough houses? The answer is because dozens of corporations are moving their headquarters to North Texas. For example, Toyota is moving 250 employees a week!

Each year, D/FW will receive about 60,000 new residents. Toyota alone is bringing 4,000 of those numbers! This is why the housing market is on fire right now. Home prices have risen to unheard of levels, with such a shortage of homes as well…one of the worst in decades.

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While some find the home prices completely over-priced, some residents from the West Coast think it is a bargain.  New home builders are also happy with all the change. This has really helped their sales.

Toyota Traffic

So what about the traffic? The ones that aren’t bothered by the extra traffic is again the West Coast transfers. One person said “it’s nothing like L.A. traffic.”

Realtors like me love working with Relocation clients! I love the challenge of that short window of time to find and close on a home. It’s hard work because you are educating them on the area and answering so many questions but it is rewarding in the end. If you, a friend, or a family ever needs help selling or buying a home, don’t hesitate to contact me!

Cynthia Lopez, TLG Real Estate Advisors | Ebby Halliday Realtors

Have you heard about Rowlett’s Luxury Resort – Bayside on Lake Ray Hubbard?

Would you like to know more about the exciting Bayside on Lake Ray Hubbard in Rowlett?  Call me at 214.769.2142!

This will be a luxury resort getaway…just down the street! It will consist of 262 acres of mixed-use lakefront property offering white sand beaches, an 8-acre Crystal Lagoon and a 1-acre show fountain-first of its kind in North America! You will be able to sail, fish, boat, shop, swim, eat or just relax! Bayside will also be selling single family homes, condos, town homes and apartments. The location is perfect too, only 30 minutes from downtown Dallas!

The company behind this 1 Billion Dollar project is Crystal Lagoons. Their US headquarters is in Miami and they are involved in hundreds of projects around the world. Bayside is the first such lagoon planned for Texas. Two more have since been announced for the Houston area. Those two will cost a combined $1.5 billion dollars.

The Texas based developer, Western Rim, is constructing the 845 urban-design multi-family residential units. These single-family homes and townhomes will be on the north side of I-30 off Dalrock. Dallas-based BOKA Powell is the architect on the retail and office portion of Bayside. Dallas-based 5G is designing the condo tower and a 500-room hotel with 80,000 square feet of meeting space.

So what about the traffic on I-30? Well, TxDOT plans to add three lines to each side of I-30, plus more service roads and bridges. They are also adding an 8 to 12 foot hiking and biking trail. That will start at Bass Pro and go across the lake.

So has anyone driven past the construction on Bayside? Notice any major changes yet? I am looking forward to seeing the progress! Let me know what you think! 

Cynthia and Diego

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