At least, according to the how-to home experts at HGTV Magazine. In their January/February edition, the magazine named LuxuryPortfolio.com among the most addictive websites because, well let’s face it, who doesn’t enjoy looking at the world’s finest collection of luxury homes? While we’d love to take all the credit, it wouldn’t be possible without the unsurpassed service and expertise of our incredible members!
There’s nothing more exciting than luxury house hunting, so whether you’re stuck in a blizzard and fantasizing about escaping to Mauritius or just want to see what Bruce Willis’ Beverly Hills estate looks like, check out the world’s most comprehensive (and addictive) collection of exceptional real estate!
Thank you to HGTV Magazine and all of our member brokers!
The world continues to grow smaller for today’s luxury buyer and as it does we can observe certain trends among the affluent of a given country. London, for instance, has become a hotbed for Russia’s elite, while buyers from Hong Kong are swooping up property in Sydney. The search for the foreign buyer has been one of real estate’s hottest topics of late. For more on the subject, check out this piece recently published in the Wall Street Journal – a must-read for anyone interested in the matter.
Last month, Luxury Portfolio members from around the world gathered in Venice for our annual International Symposium to discuss the latest in global luxury real estate and share insights and trends. The meeting featured sessions and panels from members around the world led by members from everywhere from Dubai, Mauritius, Istanbul, Bucharest and more. The consensus was that international buyers are looking for a “safe” investment. Traditional destinations of the world’s jet set, such as New York City and Paris, are the obvious markets being referred to here, but they’re not the only ones by any means. Delving closer into the subject, one such characteristic that remains prevalent among these safe markets is the presence of established academic institutions. Simply put, overseas education has become a driving factor behind the relocation of the world’s affluent.
University cities like Montreal, Vienna and Boston are experiencing their own wave of international buyers who invest in high-end real estate while their child is attending school and often turn a profit after graduation. Whether it’s luxurious “student housing” or a place for family to crash when in town, these purchases are fast becoming common practice for wealthy foreigners. In a recent interview for the Financial Times, Beverly Sunn, president of Luxury Portfolio’s Chinese member-broker Asia Pacific Properties, reinforced this notion. “Investors at the luxury sector are highly sophisticated and look to invest in major cities to meet the educational requirements of their children,” remarks Sunn.
Of course, cities with strong academic reputations aren’t the only place experiencing an influx of foreign activity; it’s just where the smart money is investing.
If you’ve ever dreamt of being on the set of Married to Jonas, get excited because the eldest Jonas brother's smart house, featured as the backdrop for the E! reality series, is officially on the market. Sadly, the pop sensation is not included. Kevin and wife Danielle have listed the stunning home in Denville, NJ for $2.2 million with Luxury Portfolio member Terrie O'Connor Realtors.
The expecting couple is reportedly building a new home nearby while they await the arrival of their firstborn and if it’s anything like this one, monitoring the baby will be a walk in the park. Equipped with a state-of-the-art Savant Smart Home Automation System, the lights, locks, music, electronics, security cameras and more are effortlessly controlled throughout with Apple-based technology. And if you’re on the road, touring with your band for instance, you can even use your smartphone to keep an eye on the home front.
But it’s not just its cutting-edge technology that makes the home so appealing. You’ll find all the traditional luxuries here as well, such as a 6,500 bottle wine cellar, home theater, gym and saltwater pool. Check out the listing page for more information on Kevin and Danielle Jonas’ beautiful residence!