Atlantic Insights by Christie's International Real Estate

Wednesday, January 15, 2014

Atlantic Insights by Christie's International Real Estate

London, Miami and New York are highly sought-after destinations for both locals and overseas investors. While 2012 saw prices rebound significantly from the depths of the recession, 2013’s luxury market experienced rising sales volume and a drop in invent

Christie’s International Real Estate is initiating a series of market reports about the state of luxury real estate to complement our annual global market report – Luxury Defined, which will be published in the first quarter of 2014.

Our first quarterly update focuses on three major markets: London, Miami and New York, which are experiencing significant growth. While 2012 saw prices rebound significantly from the depths of the recession, 2013’s luxury market experienced rising sales volume and a drop in inventory.

London, Miami and New York are highly sought-after destinations for both locals and overseas investors. Foreign buyers had a significant presence in all three luxury markets in 2013, with domestic buyers’ activity equally strong. A combination of a growing number of wealthy individuals globally, including the rise of affluent younger buyers, played a role in boosting the luxury property markets in these destinations.

Economic stability, ease of doing business, transportation options, cultural and lifestyle services, have established London, New York and Miami as desirable places to live and buy homes. Since luxury home buyers are not often vulnerable to global economic conditions, all three markets are on track for continued growth in 2014.

Please access the full Atlantic Insights report here.

Field shaping up for 2014 Hyundai Tournament of Champions

December 19, 2013

Lahaina News

KAPALUA - Just two weeks remain before the 2014 Hyundai Tournament of Champions kicks off on The Plantation Course at Kapalua, and the field is shaping up quickly.

Three of the game's biggest names will be starting 2014 in West Maui, including Zach Johnson, Adam Scott and Webb Simpson.

Each player won an official PGA Tour event during the 2013 calendar year to qualify for the winners-only Hyundai Tournament of Champions.

Johnson

With a career total of ten PGA Tour wins, Johnson's recent success came at the 2013 BMW Championship.

Johnson is excited to kick off 2014 against a prestigious field.

"It obviously gets the year off to a really good start. To win with a really strong field, it means a lot. I think Hyundai does a great job with their event. I love coming over to Hawaii and playing in the golf tournament," he said in a recent interview.

Scott made history in April when he became the first Australian to win The Masters Tournament.

He won his major in dramatic fashion with a birdie on the second playoff hole to defeat Angel Cabrera.

Scott enjoyed additional success late in 2013 with another victory at the first FedExCup Playoffs event, The Barclays. He returned home to Australia, where he won the Australian PGA Championship and the Talisker Master, finished second to Rory McIlroy at the Emirates Australian Open, and placed third at the ISPS HANDA World Cup of Golf, where he and teammate Jason Day won the team competition.

The 2011 U.S. Open winner, Simpson recently picked up his fourth PGA Tour career victory at the 2014 Shriners Hospitals for Children Open.

This will be Simpson's third consecutive year playing in the Hyundai Tournament of Champions; his best finish was equal third in 2013. Read more...