Elliman Magazine Fall 2018

On the pages of the fall 2018 issue, you’ll find a sampling of Douglas Elliman’s amazing portfolio of resale, new development and rental properties from coast to coast—Montauk to Malibu, Boston to Boca—and around the world. Our regions come alive through engaging stories that dive deeper into not only the homes themselves, but the way of life they offer. Read about what drives classic car collectors; embrace yachting in Fort Lauderdale; discover the most distinctive florists in Los Angeles; visit independent bookstores in the Northeast; get expert advice on investing in a vacation home abroad; and much more!

Visit Issue here!

I got Married!

Huge life event - was the best weekend of my life in Catalina with all my loved ones! Erik and I got married August 25th and then we went to Kauai for our honeymoon.

First thing first, my heart is so full of love. Catalina weekend could not have been more beautiful. I'm really glad we had our wedding there because many of our guests, while long time California residents, have never even set foot on Catalina and it's actually such a beautiful place! The water is so clear, it's great for diving and snorkeling, and it's only a 1 hour ferry ride from Long Beach! Great weekend get away! 

I can't wait for our professional photographer to send us the photos however here are a few from my phone of the big day. 

We totally had a few wedding crashers as well ...these deers! 

And then afterwards we went to Kauai for our honeymoon...! 

Noted - do not go to a tropical island after it's just avoided a huge hurricane as run offs from the island will make the surrounding water brown and then you can't go into it because there may be a small viral bug that if it gets inside of you, you could die

Other than the brown waters, it was so relaxing to unplug and recharge. Kauai is such a beautiful island! One of the days we were able to hike to Queen's Bath and swim. We will be back there hopefully real soon to enjoy their poke, the views and snorkeling! 

So grateful for all these life events the past two weeks...

Now ready to take on the world even more.

Yours truly,

Mrs. Angela von Detten

5 Best International Cities to Live With a Family

Alright, you know how much I love to travel - and yes I too have contemplated where would I live if I were to move internationally. 

Lucky for you & me, my brokerage was able to compile a list for us and the pros & cons. 

If you’ve ever considered moving your family to a metropolis on the other side of the world you may have asked yourself ‘do good places to visit make good places to live?’ That worldly metropolis you’re hoping to call home should indeed have all the short-term wonders that excite your family from the get-go. But there are more important things to consider than allure and excitement. In fact, it’s things like health and well-being, childcare and integration opportunities that will help determine whether a destination will be a good long-term fit.

Top-10 lists of exciting places to live are one thing, but what you will actually experience in those locales matters most. So to help you get a feel for which of the world’s great cities are best for you and your family, we not only looked at numerous lists and data such as HSBC’s Offshore Offspringreport and Mercer Consulting’s “Top 25 Cities for Quality of Life,” we also turned to multiple home owners, jetsetters, expats, and brave world travelers. The result: our—and your—Top 5 Family-Friendly Cities to relocate to, with insights into each city and, most important, connections to resources and expats living there who can help you look before you leap. —by Cameron Swain

1. Vienna

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Vienna is a city of neighborhoods. Choosing your municipal district can define your lifestyle. Want to live close to the city’s largest green space and great running paths and have a comfortable space for your young family? Pick the 3rd (Landstraße) or the 4th (Wieden) district. Want to introduce your kids to a hip and happening scene (a place where Mommy and Daddy won’t go mad amid a sea of strollers)? Consider the 6th (Mariahilf ), the 7th (Neubau), or the 8th (Josefstadt). If suburbs and wealth are your thing, head to the 13th (Hietzing), the 19th (Döbling), or the 18th (Währing).

You can read more about the rest of the cities: Zurich, Hong Kong, Singapore and Munich on our Elliman Insider by clicking here

Less than 3 hours away: Puerta Vallarta

Did you know that Puerto Vallarta is only about a 3 hour one way flight away from Los Angeles? I had the chance to visit this past weekend for the first time and wow - it's very city-like. 

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We stayed at an all-inclusive resort since we weren't familiar with the area and the resort was very nice. Clean rooms, beautiful amenities, and of course...unlimited food! 

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My time there was short, however I would highly recommend a day trip with Outdoor Adventures. We went on 9 different zip-lines, rock climbing, waterfalls and slides! So fun! You can get more info on the details at their website here.

Next time I'll definitely be checking out the city a bit more! Here are some pictures of the trip! 

#WealthReport2018

Did you know the number of people with $50m+ in net assets increased by 10% in 2017, taking the total to 129,730 individuals globally? To find out more download The Wealth Report —> elliman.com/wealthreport .

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The 2018 edition of The Wealth Report, now in its 12th year, tracks the trends of the world’s wealthiest people and how they influence real estate markets around the globe.

Below are 20 key findings from this year’s report, jointly produced by Douglas Elliman | Knight Frank Residential along with data specialists, Wealth-X.

FOLLOW THE MONEY

Tracking wealth concentration and the flow of capital

1) The number of UHNWIs – individuals with $50m+ in net assets – increased by 10% in 2017, taking the total to 129,730 individuals globally.

2) The number of HNWIs – individuals with $5m in net assets – is set to rise 43% by 2022 to a total of 3,617,550.

3) New York leads all global cities in households earning $250k+ per year, with more than 1,167,000 counted. Los Angeles comes in 2nd place with 637,000.

4) North America remains the world’s largest wealth region. Some 34% of the world’s ultra-wealthy are based here, and their ranks rose by a further 5% last year, taking the total to 44,000.

5) 20% of the UHNWIs (Ultra High Networth Individuals) in North America plan to buy another residential home in-country in 2018, versus 10% who plan to purchase a home out-of-country.

6) In China, the population of those with $50M+ will more than double in the next 5 years. There will also be strong growth in Japan (+51%), India (+71%), Indonesia (+66%) and Malaysia (+65%).

7) Based on wealth, investment opportunity, lifestyle and future growth, New York is the most desired global location for the ultra-wealthy. London comes in second. San Francisco is the 3rd most desired location, and the second most desirable city by lifestyle.

PRIME REAL ESTATE MARKETS

Measuring the world’s luxury residential property markets in 2017

8) In Aspen, the residential prime property market – recognized as the top 5% of the market by price – recorded the 3rd largest price increase worldwide in 2017, with a 19% year-over-year growth.

9) Los Angeles, New York and Miami saw growth of 5.1%, 4.6% and 2.2% respectively in 2017. In New York, the 4.6% rise reflects the conclusion of a number of high-end sales as vendors across New York City displayed greater flexibility on price in both the resale and new homes markets.

10) Europe is home to four of the world’s top ten performing prime residential markets: Amsterdam (+15%) Frankfurt (+12.9%), Paris (+12%) and Madrid (+10.6%).

11) In Asia, the weakening of prime property markets in Beijing (+9%) and Shanghai (+7%) contributed to a slight drop across the Asia-Pacific region as a whole, with markets averaging 4.4% growth in 2017, down from 5.2% the previous year.

12) The Chinese city of Guangzhou leads this year’s prime property market rankings, with prices up 27% year-over-year.

13) Seoul (+13.2%) and Hong Kong (+7.3%) continue to perform strongly in the prime property market sector.

14) Istanbul’s prime property market took top honors in the Middle East region with growth of almost 5%, but with inflation in Turkey at almost 13% in 2017, prices declined in real terms.

15) In Dubai, the story of 2017 was one of stabilization. In the first nine months of the year, prime sales volumes rose by 6% and the total value of prime transactions reached Dh2.27 billion, up 9% from the same period a year earlier. Ahead of Expo 2020, large-scale investment in new infrastructure projects is expected to filter through into market sentiment.

LUXURY INVESTMENTS

From wine to watches, the passion investments of the ultra-wealthy

16) Art led all asset categories in 2017, its value increasing 21% year-over-year.

17) 2017 saw the most expensive painting ever sold with Leonardo da Vinci’s Salvator Mundi going for US$450 million, smashing the previous world record set by Picasso’s $179 million Women of Algiers in 2015.

18) Investment grade wine, which was the top-performing asset class in 2016 with a growth of 24%, put in another double-digit performance last year (+11%) to clinch second place.

19) Classic cars is the best performing asset class over a ten-year period. It saw a number of striking auction results in 2017, with a 1956 Aston Martin DBR1, raced by legendary driver Stirling Moss, selling at auction for $22.5 million.

20) Watches – The ‘Paul Newman’ Rolex Daytona set a new record for wristwatches at auction in 2017 and sold for US$17.8 million at Phillips. Given to him by his wife Joanne Woodward and inscribed “Drive carefully”, the watch was originally guided at US$1 million.

Aspen, Colorado

Was I lucky in Aspen or what?! For what seemed to be a pretty dry season turned out to be quite the magical white fresh powder weekend in Aspen Colorado.

Couple weekends ago, I went to Aspen for the first time ever and it was so gorgeous. I mean, living in LA, we don't really know the meaning of mountains until we see it. I witnessed the first big snowfall of this season which brought the perfect conditions to go skiing! Literally so blessed that happened when I went. 

The thing about Aspen that really made me fall in love is the town's charm. It's got adorable streets, delicious restaurants, charming sidewalks and the history is just incredible! I stayed at the Hotel Jerome, which is a 130 year old hotel! If I can recommend anything for your stay in Aspen, it is to check out that hotel. Such a cool vibe! 

Also Douglas Elliman is huge in Aspen! Check us out! 

A guide to Carmel, California

Perched along California’s central coast — on the Monterey Peninsula south of San Fransisco — sits Carmel, a small city with an outsized reputation as home to some of the most impressive natural landscapes in the world. Big Sur, Pebble Beach, Point Lobos; these are the attractions that draw visitors from far and wide. Despite its reputation as an international destination, Carmel is exceptionally quaint, said Douglas Elliman’s Zak Freedman, who was born and raised there. “Growing up we never locked our doors, and that’s part of its charm,” he said.

Read more at Elliman Insider here

 

Coco Bongooo & Tulum

Not too long ago, I had the pleasure of visiting Cancun and Tulum for the first time! It's beautiful there! We stayed at an all inclusive resort called Punta Maroma as part of a beautiful destination wedding group. The waters are blue, sand so soft, and AC works really well (we went during a humid time). 

During our time there, we also went to visit Tulum and swam through the Xenote caves. I highly recommend doing that. There was a part of the water cave tour where it's pitch black and the guide tells you to turn off your flashlight. I'm not sure if you've ever witnessed pure pure pitch black darkness... but you can literally hear and feel the darkness - such a cool experience! 

Besides checking out the caves, walking the ruins in Tulum was a "puts life in perspective" experience. So much has happened in Life before us! 

And last but not least, one of the most fun moments happened inside the Coco Bongo in Cancun. I had never been to a Coco Bongo which I've since learned has more than one location, so of course - super excited when a friend tells me it's like Cirque du Soleil is at a nightclub. But it's so much better than that!!! I have real respect for the performers - they're really doing some acrobatic stuff - hoops, aerials, everything!! Not to mention the singers and dancers - wow! Such a fun show to watch and take part in. Please give it a shot (ha ha) when you visit Cancun - you won't regret it! 

 Of course, I had the opportunity to visit Cancun thanks to my friend's getting married! Congratulations V & G!