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In the news…
Luxury London homes best bargain for Chinese buyers
Reuters
Chinese luxury home buyers are leading a legion of cash-rich non-UK investors in search of upmarket London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase…
Source: The Institute for Luxury Home Marketing
www.LuxuryInsights.com
Despite the European economic crisis, sales are up on luxury homes across Europe, and buyer confidence is high as evidenced in the The Guardian UK story in Sunday’s paper: Luxury housing market unscathed while all around it suffers.
Highlights from the story:
Sales of £1m-plus homes in London hit their highest level since the 2007 housing peak…
Sales of prestige property in France and Monaco leapt 38% in the third quarter of this year, compared with the previous quarter.
Prices on luxury homes in the French Riviere up 3.5% YOY.
They sum it up this way: “When the economic going gets tough, the rich get going in increasingly big houses.”
Let’s hope our global economic conditions improve. In the meantime, this is more good news for luxury professionals.
Source: The Institute for Luxury Home Marketing
www.LuxuryInsights.com
This Saturday, July 16th, from 2pm to 4pm, there will be an open house at 500 Selkirk Avenue in Victoria West. Come out to see this impressive waterfront property.
Unique revenue waterfront property located in the Selkirk Arm of the Gorge waterway. This immaculate property is truly a rare opportunity as it is situated on almost half an acre with 110′ of water frontage and boasts a side by side duplex, a single family home, a studio, and small historic commercial marina for 6 boats with room for expansion – all combined generate over $90,000 a year!
All units have been meticulously maintained, extensively updated, have their own private yards and parking, and are very rarely vacant. Enjoy your own well established perennial gardens with a variety of beautiful flowers, shrubs, and fruit trees. A one-of-a kind property in Victoria, secluded and tranquil, bordered by a waterfront park with tennis courts, and only minutes from downtown.
View more information about this property, including photos, floorplans, and a descriptive brochure.
Ian Heath and Marilyn Ball will be giving a presentation on Greater Victoria luxury and waterfront real estate in Calgary on Sunday June 26th from 1-4pm at the Radisson Hotel Calgary Airport, 2120 16th Avenue, “Selkirk Room A” (free parking). Call 1-250-858-2797 for more information.
As choice properties featuring breathtaking views, seclusion, generous space, fresh air, and unspoiled nature have been dwindling at an alarming rate, the purchaser who values these special qualities often feels compelled to venture forth to more distant rural areas.
However, a little more research will reveal an amazing location with all of these desirable characteristics, less than 30 minutes from the city of Victoria, and just 15 minutes to upscale Broadmead Village. Willis Point is easily accessed up a picturesque, winding road wending its way through the centre of Gowlland Tod Provincial Park, an area of natural old growth which encompasses this location, acting as a permanent buffer and protection against encroaching urban development.
Willis Point offers waterfront homes with stunning sunsets and calm inlet waters, as well as residences featuring ultimate privacy, and often beautiful ocean views. This is an area of multi-million dollar homes, original log cabins, and modest dwellings – an eclectic neighborhood with a mosaic of residents from computer specialists with their own home businesses to creative artists who thrive in a tranquil setting.
Willis Point is bounded by the Highlands to the south, Saanich to the southeast, Central Saanich to the east, and Saanich Inlet to the north and west. 46 percent of Willis Point is devoted to parks, including parts of Gowlland Tod Provincial Park and Mount Work Regional Park, with the remaining land comprising a well-established residential community and large, undeveloped forested parcels. Economic development is limited to small, home based businesses, providing an escape from the busyness of city life for its small community of residents.
A map showing nearby school, restaurants, attractions, and other amenities can be found here.
We currently have two listings in Willis Point: a secluded oceanfront sanctuary and a open concept home with ocean views.
Oceanfront Retreat (View Listing) – Oceanfront natural, secluded paradise. Stunning ocean views & sunsets throughout this 2744sqft, 3 bed, 3 bath sanctuary. Rare foreshore 20 year lease with 32ft deep water wharf, sauna. Amazing home with granite counters, wood- framed windows, hardwood, tile & radiant heat. Master bath jetted tub soaks up the views!
Kingdom Come (View Listing) – Spectacular open concept residence, secluded on a bluff with panoramic breathtaking ocean views from all principal rooms. Sleeping loft, spacious solarium, multiple decks, hot tub, authentic yurt, two cottages, additional accommodation potential. Private retreat.