Engel & Völkers Expands to Columbus, OH
As more consumers seek luxury dwellings in burgeoning midwest markets, the global real estate brand opens its latest location in the heart of AmericaEngel & Völkers announced today the opening of its newest shop in Columbus, OH, led by license partners Brad Winter, Paige Winter and Elias Pappan. Paige and Brad Winter are lifelong Ohio residents who bring over a decade of real estate, business and leadership experience to the new venture. They are experienced real estate professionals specializing in serving home buyers and sellers in Central Ohio and are incredibly well-versed in the nuances of the Columbus housing market. Pappan is a seasoned business entrepreneur with extensive experience owning and operating multiple businesses in the commercial and residential real estate spaces, including construction, acquisition and investments. Under their leadership, Engel & Völkers Columbus consists of real estate professionals serving homebuyers and sellers in Columbus, Ohio, and the surrounding suburbs. “Engel & Völkers recently issued a report on the growing popularity of America’s heartland markets as consumers look to establish primary and secondary residences in affordable, community-oriented places that now offer many of the same lifestyle amenities as coastal markets,” said Anthony Hitt, president and CEO, Engel & Völkers Americas. “Columbus, with its diverse neighborhoods, highly-rated restaurants, thriving arts and culture scene and over 50,000 acres of parks and water, exemplifies the draw of the midwest. Brad, Paige and Elias are known to be forward-thinking, digital-savvy advocates for their real estate clients and as such, are the perfect partners to introduce Engel & Völkers into this growing market.”Engel & Völkers Columbus is located in Italian Village, just north of Downtown Columbus and east of the Short North, an area known for fostering new businesses, artists and restaurants in the community. The real estate market offers a vast array of architectural and housing styles for residents, from brick Italianate and Queen Anne homes in the city to colonials, craftsman or Cape Cod homes in Columbus’ sprawling suburbs. Buyers will also find a resurgence of new development across the region, which has arisen alongside the growing entrepreneurial and artistic spirit taking hold of Downtown Columbus. “There is no better time to affiliate with Engel & Völkers,” said Brad Winter, license partner. “Real estate is going through a massive shift as consumers demand more from the industry. They want to be educated, informed and serviced at a higher level than ever before. This is how we have run our business since day one and aligning with a global brand that shares our values will only allow us to serve Columbus residents at a higher, more personal level.”“Being part of Engel & Völkers will not only allow us to elevate the real estate experience for Columbus consumers but it will also provide a home for our advisors to expand their skills, network and global reach,” added Paige Winter, license partner. “The brand’s greatest value is its network, having both a domestic foothold and global presence. This will enable us to provide exceptional choice and opportunity for both our clients and team.”For more information, visit columbus.evrealestate.com.The post Engel & Völkers Expands to Columbus, OH appeared first on Engel & Völkers.
Floor-to-Ceiling Mediterranean Style
Mediterranean style is no newcomer to interior design—its timeless, natural style has spoken to homeowners across the Americas for decades, even amidst a world of constant change. The soul of this style draws inspiration from locales perched all along the Mediterranean Sea—from countries of western Asia and northern Africa to southern Europe. Interior designers, architects, and design enthusiasts alike have been charmed by its holistic yet personal allure.Whether you are looking for a new Mediterranean-style home, a renovation, or just a little design inspiration, here is a floor-to-ceiling breakdown of everything you need to know. Mediterranean Flooring | Stone, Stone, and more Terra Cotta StoneThe old-world charm of terra cotta stone has led to its popularity over thousands of years. Since antiquity, terra cotta’s unique blend of style and utility has made it one of the most popular building materials to date. Each tile’s unique appearance can be attributed to its iron-dense clay that is fired at a, relatively, low temperature. The resulting reddish-brown color pairs handsomely with any earth-toned color palette, creating a warm, natural effect in any space. From a utility perspective, terra cotta stones are highly-durable, scratch resistant, and can last a lifetime. Mediterranean Decor | Endlessly Chic The breadth of the Mediterranean region provides an endless supply of inspiration for home decor. All, however, share a devotion to warm interiors that draw on rich local histories. Be it the textile traditions of Morocco, boldly blue Grecian color palettes, or the rounded archways and columns with all the character of the Italian Renaissance, the possibilities are endlessly chic. Mediterranean Ceilings | Beaming With PrideModern and updated homes that borrow from Mediterranean tradition incorporate exposed wood beams to encapsulate the personality of the style. From the exterior, a red terra cotta roof is the way to go. When it comes to finding your dream Mediterranean-style home (or maybe even in the region itself), an Engel & Völkers real estate advisor has the experience and expertise to help find a space that exceeds your definition of “luxury.” Albeit especially popular in warmer climates such as Florida and California, almost every market has a home or two that could not resist the charm of this aesthetic. Here are a few homes represented by Engel & Völkers real estate advisors that encapsulate the Mediterranean style:St. Augustine, FloridaFrom the extensive use of stone and tile throughout to the prominence of arched frames and doorways, this home—behind the gates of one of St. Augustine’s most prestigious private neighborhoods—is pure Mediterranean living. Listed for $2,985,000 USD by Jenn Bryndal of Engel & Völkers St. Augustine.Santa Barbara, CaliforniaThis thoughtfully renovated 1930s home in Santa Barbara captures the storied essence of Mediterranean living while offering the modern comforts many have become accustomed to. The use of rich green and blue hues brings additional Mediterranean-inspired warmth to the home alongside its two additional stone fireplaces.Listed for $3,595,000 USD by Kris Johnston of Engel & Völkers Santa Ynez.Tulsa, OklahomaIn true Mediterranean fashion, this Tulsa home beautifully balances timeless style and expert craftsmanship. Its custom tilework; arched ceilings, windows, and doorways; and neutral color scheme all speak to its source of Italian inspiration. Notably, an eclectic mix of carefully curated furnishings and finishings brings the style’s effortlessly chic ambiance to every room. Listed for $2,500,000 USD by Chris Zinn of Engel & Völkers Tulsa.Mallorca, SpainIf a Mediterranean-style home doesn’t quite fulfill your real estate dreams, Engel & Völkers Mallorca would be happy to assist in finding the perfect Mediterranean home for you.This gorgeous villa enjoys Mediterranean Sea views from every floor and room. From the terra cotta floors to the exposed beams, the tiled roof, and the plush furnishings, this intimately designed estate is the epitome of Mediterranean living. Listed for $5,173438 USD by Engel & Völkers Mallorca Southwest. Wherever your real estate dreams are taking you, from Mediterranean-style homes to the Mediterranean shores, Engel & Völkers real estate advisors have the local expertise and global reach to help you reach your goals. The post Floor-to-Ceiling Mediterranean Style appeared first on Engel & Völkers.
Global Market Insight: Algarve
Proudly serving communities in over 30 countries, Engel & Völkers advisors are equipped with local and global expertise—allowing us to create unmatched, tailored real estate experiences. Whether in the Americas, Europe, Asia, Africa, or somewhere in between, an Engel & Völkers advisor is ready to make a connection. This month, we’re featuring Portugal’s southernmost region, the Algarve.Known for its Atlantic coast surfing and luxury golf results, the Algarve is home to both natural and manmade wonders. Bizarre yet equally breathtaking rock formations line its rugged coastline, and with 300 days of sunshine per year, there’s no question why retirees, golfers, surfers, and nomadic workers alike are migrating to this region. Despite the recent influx of migrants from countries like the United States and Canada, it has only 500,000 inhabitants—one of the lowest population densities in Europe—which allows the region to maintain its unspoiled natural beauty.Sought-after TownsVila do BispoThe small town Vila do Bispo is in a natural conservation area that runs along the entire southwestern coast of Portugal. With a sparse population and a coastline dominated by wild sandy beaches and steep coastal cliffs, the town draws buyers looking to live amidst unspoiled nature.LagosBeyond the seaport of Lagos‘ beautiful beaches, the historic town is home to many restaurants and cafés. It is one of Portugal’s first cities to join the new “Slow City” movement—providing a refuge from the frenzy of modern life with reduced noise, controlled traffic, increased pedestrian areas, and support for local products.AlvorSet alongside a protected lagoon, the charming fishing village of Alvor has preserved its original character and charm with its historic center, narrow streets, and whitewashed houses. Families, children, and snorkelers alike are particularly fond of the beach Praia de Alvor, which stretches for miles.FerragudoThe small fishing village of Ferragudo has also retained much of its original flair. Its picturesque streets provide a glimpse of what it was like in times gone by. The area is ideal for those seeking a quiet lifestyle.CarvoeiroCarvoeiro is surrounded by impressive natural scenery. Beautiful rocky coves attract people who enjoy boat trips through twisting caves and walks along spectacular cliffs. With pristine nature, stunning homes, and breathtaking ocean views, Carvoeiro is a splendid resort town.AlbufeiraAlbufeira, located in the Central Algarve, is famous for its fine, sandy beaches and crystal-clear waters. Popular among homebuyers in Great Britain, the old town provides residents with numerous restaurants, bars, and clubs, as well as a marina with all the amenities to satisfy the needs of mooring boat owners. Homes with views of the city’s immediate natural surroundings, including impressive cliffs and magnificent ocean vistas, are highly sought-after.BoliqueimeThe small village of Boliqueime is situated on the slopes of a small hill within sight of the Atlantic. With its traditional houses and narrow streets, the village features beautiful properties with mountain and ocean views. It’s the perfect home for anyone looking to enjoy a quiet life in the countryside.VilamouraVilamoura is known for its excellent urban planning and high quality of life. Residents benefit from a range of local amenities, including an international school, golf school, tennis academy, sailing school, and riding school. Thanks to its marina and nearby golf courses, the town also attracts many affluent visitors.Vale do Lobo and Quinta do LagoVale do Lobo and Quinta do Lago are exclusive holiday resorts with numerous first-class golf courses. The surrounding countryside is dominated by the western foothills of the Ria Formosa Natural Park, where sprawling dunes line the length of long sandy beaches. These prestigious resorts rank among the most important real estate developments in Europe. Buyers are attracted here by the security and excellent amenities on offer, including sports centers, fashion boutiques, and Michelin-starred restaurants.TaviraTavira is also beautifully situated amidst the lagoons of Ria Formosa Natural Park. Buyers in Tavira are often attracted to the town’s cultural atmosphere, relaxed lifestyle, fascinating architecture, rich history, and easy access to paradisal beaches.Praia VerdeThe sprawling sandy beach of Praia Verde lies nestled in the magnificent dunes of the Eastern Algarve. Buyers here can find the consummate beachfront property, complete with superb water sports facilities. The region is unique for its direct beach access, ample privacy, sparse population, and eligibility for the Golden Visa Program.Buyer ProfileThe Algarve is a luxury, second-home market favored by international buyers looking to enjoy an active working life:Only 10 percent of buyers are purchasing a first home. The vast majority of clients are looking for a second home.Less than 20 percent of buyers are Portuguese citizens. Around 80 percent of buyers are foreign nationals, with the majority from the United Kingdom.The number of American buyers and market share is on the rise. In 2022, the amount of Americans living in Portugal rose 45% from the previous year.Many buyers come from Germany and France, while others are from Sweden, Switzerland, Holland, and Belgium. Many buyers are golf enthusiasts, as the Algarve is home to many excellent courses.Portugal’s Golden Visa Program plays a prominent role in recent years. Designed to attract foreign investment and boost the Portuguese economy, the program enables non-EU/EEA citizens to obtain permanent residency and citizenship in exchange for a five-year investment in Portugal. Real estate investments start at 500,000 euros (532,043 USD). What’s unique about the visa permit is that the investor only has to spend about seven days a year in Portugal to maintain their residency while still reaping all the benefits of being an EU resident, including visa-free travel in the entire Schengen Area. By far, the leading share of Golden Visas has been issued to Chinese nationals, followed by Brazilian, South African, and Turkish citizens.The program has been so successful and sought-after that restrictions have recently been enacted; since, Golden Visas have ceased to be issued in most coastal regions of Portugal. In the Algarve, property buyers can currently only obtain a Golden Visa in the eastern region of Castro Marim (Praia Verde).Market TrendsThe “co-primary home” conceptRather than just for a few weeks of vacation time, second homeowners are increasingly staying in their holiday properties for longer periods. Small villas and premium properties with contemporary architecture, traditional features, and large outdoor spaces are in strong demand. Buyers are also looking to ensure their new property has room for a home office.Strong demand for higher-quality, higher-priced propertiesBuyers are demanding higher and higher standards for their second homes; they expect a high quality of construction and finishes and homes flooded with natural light throughout. Ocean views and beach proximity are also frequent criteria for buyers —who are willing to pay a higher price for a property with these amenities.The buyer group is getting youngerIncreasing numbers of young people can now work remotely, making real estate purchases a more attractive and viable option. Compared to major cities, people in the Algarve can afford a house with more acreage and enjoy a host of outdoor activities after work—all with 300 days of sunshine per year. Drawn by these benefits, more and more young people are choosing to settle permanently in the Algarve.Average Price in the Top SegmentsPrices per square foot for properties in the uppermost segment of the Algarve range from 43,000 to 86,000 USD.In Lagos, a premium two bedroom apartment costs between 427,000 to 588,000 USD, and a three bedroom villa costs between 1.6 and 2.1 million USD. In Albufeira, exclusive villas cost around 2.1 million USD, while villas in Vilamoura have a price tag closer to 3.2 million USD.Listing SpotlightOverlooking the Tre Torri neighborhoodThe highest-priced property currently on the market with Engel & Völkers in the Algarve is a lavishly designed villa on an expansive plot spanning almost seven acres in Lagos. The $12.8 million USD estate consists of an eye-catching main house (inspired by the construction of a ship) and a guesthouse. Its lot sits alongside the Palmares Ocean Living & Golf Resort and borders its international 27-hole golf course. Panoramic views stretch out to Lagos Bay, yet the town is just ten minutes away by car. For a look at all of Engel & Völkers’ current listings in the Algarve, click here.ContactsFor further information about the property market in the Algarve and/or referrals please contact:Sandra MatosOffice Manager, Engel & Völkers Lagos+351 919 954 218Felix BachOffice Manager, Engel & Völkers Portimão+351 282 071 131Cristina SantosLicence Partner, Engel & Völkers Albufeira, Carvoeiro, and Vilamoura+351 289 572 450Vasco FernandesLicense Partner, Engel & Völkers Quinta do Lago+351 289 395 165João AgualusaLicense Partner, Engel & Völkers Faro and Tavira+351 938 533 413The post Global Market Insight: Algarve appeared first on Engel & Völkers.
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