Latest news with #luxuryhousing
Yahoo
17-07-2025
- Business
- Yahoo
Luxury home sales surge in Montreal and Calgary
Canada's luxury housing market in 2025 is a tale of two economies, as Montreal and Calgary post double-digit gains in high-end home sales, while Toronto and Vancouver face sharp declines. Despite record-high prices and geopolitical headwinds weighing on major markets, Montreal's $1-million-plus home sales surged in the first half of 2025, as did Calgary's $4-million-plus luxury segment, according to Sotheby's International Realty Canada's mid-year report. In contrast, Toronto and Vancouver both saw top-tier sales drop. Vancouver had the worst performing market in the first half of 2025. Sales of $1-million-plus properties were down 26 per cent year-over-year, while $4-million-plus sales fell sharply by 51 per cent. Only two properties worth $10-million-plus were sold in the first half of 2025. The Greater Toronto Area (GTA) also reported a drop, with a 23 per cent decline in $1-million-plus sales and a 28 per cent decline in transactions above $4 million. However, Toronto's $10-million-plus market quietly boomed with 12 sales, up 200 per cent from last year. Dianne Usher, senior growth director Ontario and managing broker at Sotheby's International Realty Canada attributed the movement in Toronto's ultra luxury ($10-million-plus) market to the buyers and sellers' resilience to fluctuations. 'Buyers and sellers in the $10-million-plus range are more resilient to the nuances and the fluctuations in the marketplace than buyers in the $1 million or $4 million price range,' Usher said. 'They buy what they want, when they want, and they sell when they want to sell,' she continued. Montreal and Calgary both witnessed a surge in transactions across both $1-million-plus and $4-million-plus properties. In Montreal, $1-million-plus sales rose 26 per cent year-over-year while sales in the same category in Calgary rose three per cent. Whereas $4-million-plus sales rose 22 per cent in Montreal — including a $10-million-plus sale — and 43 per cent in Calgary. Usher attributed these gains to multiple factors. '(There has been) a lot of interprovincial movement to Alberta, particularly Calgary, in the last couple of years, so that speaks to the markets rising there. In Montreal, there was pent up demand over the last year and a lot of (people) wanting to buy in,' Usher said. Montreal was the only region where the condo market trended upward, with sales of entry-level ($1 million to $2 million) luxury units up 24 per cent year-over-year. Across the rest of the country, however, the condo market has been sluggish. In the GTA, for example, sales of condos in the $1-million-plus and $4-million-plus categories were down 29 per cent and 18 per cent respectively. Vancouver had a 24 per cent sales decline for condos worth more than $1 million and a 29 per cent drop for those priced at $4 million–plus. In Calgary, $1-million-plus condo sales fell eight per cent. Usher believes the lull will be short-lived and expects a rebound for the condominium market once the effects of post-poned or cancelled projects become more evident. 'In the next few years, we will see a big surge (in buying) because of the lack of supply (due to lack of building), and investors coming back into the market once the foreign buyer ban is lifted,' she said. The foreign-buyer ban prohibits foreigners from purchasing residential properties in Canada. The ban came into effect on Jan. 1, 2023 and was originally set to expire on Jan. 1, 2025, however, in February of last year, it was extended until Jan. 1, 2027. How the 'Bank of Mom and Dad' has become essential for homebuying Canada's June housing numbers reveal a market that remains 'stagnant,' say economists Looking forward, Usher expects the market to improve by the end of the year. ' I believe that we are poised for a strong third quarter,' she said. 'We're seeing a great deal of interest from buyers.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
15-07-2025
- Business
- Bloomberg
Luxury Development Boom Stokes Jump in Indian Real-Estate Shares
A rally in India's real estate stocks is gaining momentum, driven by optimism that robust residential pre-sales and a boom in luxury housing projects will bolster investor confidence. A gauge of local property shares have surged more than 25% from an April low, putting the sector on track to outperform the benchmark Nifty 50 Index for a fifth straight month in July. The rebound follows a sharp selloff earlier this year amid concerns about a slowing economy.
South China Morning Post
09-07-2025
- Business
- South China Morning Post
India's luxury property market boom has ‘no plateau in sight' – is it sustainable?
When Indian property developer DLF launched a housing project in Gurgaon on the outskirts of capital New Delhi last month, all the flats sold out within a week despite a minimum price tag of more than US$1 million – a figure that would have daunted most buyers until recently. Advertisement The successful sale of the project called DLF Privana North in Gurugram followed two others over the 116-acre (47-hectare) residential development, DLF Privana South and DLF Privana West, each of which were sold out in 72 hours in January and May last year respectively. The benchmark set by India 's largest property developer has seen several others such as Godrej, Emaar and Experion trooping in with launches of several luxury flats at similar prices. A mix of volatile geopolitical tensions – which have driven overseas Indians to buy into reputable residential properties in their home country – combined with domestic entrepreneurial and professionals' wealth has ushered in a new genre of housing. Central Mumbai's cityscape and skyline. Photo: Shutterstock The sale of such expensive homes has caused concern among certain quarters over whether the trend is sustainable. Advertisement
Associated Press
30-06-2025
- Business
- Associated Press
Beauford Group Transforms UK Urban Landscapes with Two Decades of Development Expertise
Beauford Group celebrates 25 years of transformative development, recently earning the 2025 Best Urban Regeneration Developers in the UK award. The company continues to reshape cityscapes, offering sustainable, luxury living and investment opportunities for future growth. United Kingdom, June 30, 2025 -- A Vision for Transformative Urban Development Beauford Group, a leading force in urban regeneration and development across the United Kingdom, is celebrating more than two decades of pioneering work in reshaping cityscapes and creating valuable investments. Known for its comprehensive approach to large-scale developments, the company combines experience, vision, and a deep understanding of local needs to produce high-quality, sustainable projects that stand the test of time. Now, Beauford Group is taking the next step by offering unique investment opportunities through a new bond offering, allowing investors to engage with the company's continued growth and transformative urban projects. A Legacy of Innovation in Urban Regeneration Since its inception, Beauford Group has distinguished itself through a commitment to revitalizing urban areas with a focus on the creation of luxury student housing, residential, and commercial spaces. The company has built a legacy of delivering highly successful developments that meet the growing demand for quality living spaces in prime urban locations. Through careful site selection and a thorough understanding of market dynamics, Beauford Group's projects have become staples in their respective cities, offering more than just buildings, but long-term investment value. Beauford Group's commitment to urban regeneration recently earned them the Best Urban Regeneration Developers in the UK of 2025 award from Best of Best Review. This recognition highlights the company's exceptional track record of transforming urban spaces into thriving, sustainable communities. 'Urban regeneration is about more than construction; it's about creating spaces that improve the lives of those who use them, while respecting the environment and contributing to the broader community,' said Marie O'Neill, Owner of Beauford Group. 'Our expertise lies in understanding how these spaces can evolve and meet future demands, which is why our developments continue to attract both residents and investors alike.' Beauford Group's Approach to Urban Transformation Beauford Group's success stems from its integrated approach to development. The company handles all stages of the development process, from initial site selection and feasibility studies to planning, construction, and final delivery. This hands-on involvement ensures quality control at every step and positions the company as a trusted partner for local authorities and landowners alike. The company has consistently delivered transformative projects that not only revitalize underutilized areas but also create new opportunities for businesses and residents. One of the key elements of Beauford Group's strategy is the focus on luxury student housing. These developments are strategically located to provide high-quality, fully equipped accommodation for students, ensuring they are close to educational institutions while enjoying the amenities of vibrant urban centers. Expanding Beyond Student Housing: Diversifying the Portfolio While Beauford Group initially gained recognition for its luxury student housing projects, the company has diversified its portfolio in recent years. The firm has expanded its focus to include residential, mixed-use, and commercial developments, ensuring that their impact on the urban landscape remains multifaceted. As the demand for premium office spaces, retail locations, and residential units continues to grow, Beauford Group is well-positioned to lead in the creation of high-end, sustainable developments that cater to both commercial and residential tenants. This expansion into a broader range of property types has helped solidify Beauford Group's reputation as a versatile developer, capable of delivering projects that meet the needs of a wide range of stakeholders, from residents to business owners to investors. A New Investment Opportunity: Raising a Bond for Future Growth Beauford Group is taking its success a step further by offering a new bond opportunity for investors. The company's bond initiative is designed to raise capital for future projects and allow investors to be part of the next phase of urban regeneration across the UK. Investors can take part in the growth of Beauford Group's pipeline of projects, which includes high-profile developments in key urban areas. The company is inviting both institutional and individual investors to participate in this bond offering, which will provide them with a unique opportunity to support Beauford Group's vision of transforming urban landscapes while receiving attractive returns. By focusing on sustainability, long-term growth, and delivering value to both residents and investors, Beauford Group is creating a compelling opportunity for those looking to diversify their investment portfolios. Why Beauford Group is the Right Choice for Urban Regeneration Beauford Group's success in urban regeneration can be attributed to its deep industry expertise, commitment to quality, and strategic vision. Over the years, the company has built a strong track record of delivering successful projects on time and within budget, while maintaining an unwavering focus on sustainability and environmental responsibility. This ability to consistently meet high expectations has made Beauford Group a trusted partner for local authorities, landowners, and investors alike. In addition to its hands-on development process, Beauford Group works closely with local communities to ensure that its projects not only meet the needs of residents but also align with the broader goals of urban development. This collaborative approach has been key to the company's ability to create spaces that benefit both the local economy and the environment. About Beauford Group Beauford Group is a UK-based property development company that specializes in urban regeneration and the creation of luxury living and commercial spaces. With more than 25 years of experience in the industry, Beauford Group has earned a reputation for transforming underdeveloped urban areas into vibrant, sustainable communities. The company's portfolio includes luxury student housing, mixed-use developments, and commercial projects, all focused on quality and long-term value. For more information about Beauford Group, please visit or Media Contact: Marie O'Neill Owner, Beauford Group Email: [email protected] Contact Info: Name: Marie O'Neill Email: Send Email Organization: Beauford Group Website: Release ID: 89163481 If there are any deficiencies, discrepancies, or concerns regarding the information presented in this press release, we kindly request that you promptly inform us by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team is committed to addressing any identified issues within 8 hours to guarantee the delivery of accurate and reliable content to our esteemed readers.
BBC News
26-06-2025
- Business
- BBC News
Developer's bid to ditch Fulwood affordable housing demand
Plans to create a gated luxury housing estate in suburban Preston risk being derailed by a demand to build affordable housing elsewhere in the city, it has been proposed redevelopment of the former Harris Park Orphanage site, off Garstang Road in Fulwood, was given the go-ahead by councillors almost three years high-end scheme would see the historic plot's 11 Grade II-listed buildings converted for residential use, along with the creation of 16 brand new properties.A total of 37 homes were set to be developed on what was now known as the Harris Knowledge Park. 'Uncertainty' The housing blueprint was approved by Preston City Council's planning committee in November firm behind the proposal successfully argued the project would not be financially viable if 30% of the properties had to be offered under the discounted affordable homes category and the stipulation was applicant, Eden Grove Investment Properties Limited was told that "reasonable contributions" towards developing affordable properties on another site would be required if the Harris Park estate ultimately made more profit than was expected at the the city council has now been asked to write off even that prospect after it was claimed the resultant "uncertainty" was making the project unattractive for the developer and investors needed to get the blueprint off the drawing board, the Local Democracy Reporting Service Harris Orphanage opened in 1888 and cared for more than 2,200 youngsters over the course of the 94 years which it Polytechnic – the forerunner to the University of Central Lancashire – acquired the site in 1982 before disposing of it 24 years later. Listen to the best of BBC Radio Lancashire on BBC Sounds and follow BBC Lancashire on Facebook, X and Instagram and watch BBC North West Tonight on BBC iPlayer.
