fbpx

Category: BARNES News

All updates and news from BARNES and the team, whether it is about BARNES’ participation to a conference, sponsoring a local event in New York City or Upstate, a new agents joining the team or a new issue of our BARNES Magazine, everything will be listed here so you don’t miss one bit of it.

BARNES New York at the NYC Real Estate Expo

BARNES New York had the opportunity to be present at the NYC Real Estate Expo 2023 at the Citi Field Stadium in Queens, New York on May 10th, 2023. The Expo brought together more than 7,000 real estate professionals, developers, investors, brokers, owners, architects, exhibitors, sponsors and individuals for a day of exchanges and meetings on the current and future environment of the real estate market.

Speakers like Thibault De Saint Vincent, President of BARNES International Realty, and Scott Durkin, President & CEO of Douglas Elliman, shared their views on the post-COVID era and the latest industry trends and news.

The BARNES New York team had the pleasure of attending to present the “Art de Vivre” luxury brand and services to the most curious. Representatives from the BARNES New York team and agents gathered for the event, reinforcing the strong position BARNES International holds on the real estate scene.

Watch Thibault De Saint Vincent, President of BARNES International Realty, for NTD News :

BARNES New York’s Conference Tour in Europe – May 2023

BARNES New York is pleased to invite you to London, Brussels and Bordeaux in May 2023 for conferences on real estate investment in the United States. The conferences are scheduled as follows:

  • Bordeaux – May 25th, 2023, 6 pm to 8:30 pm (Hôtel de Sèze, 23 Allées de Tourny, 33000 Bordeaux)
  • Brussels – May 30th, 2023, 6 pm to 9 pm (« The Merode », Place Poelaert 6, 1000 Bruxelles)
  • London – May 31st, 2023, 6 pm to 8:30 pm (BARNES International London, 113-115 Old Brompton Road, South Kensington, London SW7 3LE) – In English

Yann Rousseau, Managing Partner of BARNES New York, and Myriam Benhamou, Associate Real Estate Broker, will present the New York real estate market, the acquisition and financing process, and the current opportunities for new developments in one of the most attractive cities in the United States. The conferences will be followed by a cocktail reception. Please register for the conferences by clicking on the links below:

Register for Bordeaux
Register for Brussels
Register for London

BARNES New York at the NYC Real Deal Showcase + Forum 2023

BARNES New York had the opportunity to be present at the Real Deal Showcase + Forum 2023 at the Metropolitan Pavilion in New York on May 4, 2023. The showcase brought together more than 3,000 real estate professionals, developers, investors, brokers, owners , architects, exhibitors and sponsors for a day of exchanges and meetings on the current and future environment of the real estate market.

Speakers like Jody Durst, President of the Durst Organization, Marty Burger, President and CEO of Silverstein Properties, Inc., and Nathan Berman, Founding Director of Metro Loft, shared their views on the post-COVID era and the latest industry trends and news.

The BARNES New York team had the pleasure of attending to present the “Art de Vivre” luxury brand and services to the most curious. Representatives from the various BARNES offices in Miami, Montreal and Portland gathered in NYC for the event, reinforcing the deep ties between the offices which perfectly illustrated BARNES’ international position on the real estate scene.

BARNES Global Property Handbook 2023

Despite the global economic instability and the return of inflation, luxury real estate has once again proved itself as the ultimate safe haven investment against uncertainty. The BARNES Global Property Handbook, published once a year, gives an insight on the global real estate markets and the most sought-after destinations. This year, the Top 5 of the BARNES City Index is in fact contradictory, with Paris, the european staple, standing at the top of the ranking. Following the French capital are three U.S cities : Miami, New York and Austin. Finally, Dubai takes on the 5th position with its impressive economic vitality.

« Driven by a real business spirit, upmarket buyers are now exhibiting an attitude for diversification, not only in the type of properties that interest them […] but also in their location. From New York to Paris and Lisbon, from Miami to Dubai and Saint Tropez, and from the Atlantic Coast to winter sport resorts », comments Thibault de Saint Vincent, President of BARNES.

In that matter, secondary residences are on a roll. Regarding oceanfront destinations, the most coveted destinations are : Saint Barts for its idyllic landscapes and delicious gastronomy, The Hamptons for their peace and quietness, The French Côte d’Azur for its architecture and elegance, Guanacaste for its natural and cultural heritage and, finally, Mauritius for its tropical climate and unmatched wildlife.

Furthermore, luxury real estate is in constant evolution and some up-and-coming destinations could become tomorrow’s investments and homes. Tokyo occupies the first place of this ranking with its high productivity and property prices that keep rising. The british capital London takes the second place thanks to its growing number of Ultra High Net-Worth Individuals. On the third place, we observe Rome, also called the “Eternal City” that keeps attracting for its Dolce Vita. Monaco, known for its political stability and safety but also its gastronomy, stands right behing Rome. Finally, Madrid is becoming a safe haven for both europeans and internationals.

Read the BARNES Global Property Handbook 2023 (EN)

“Invest in New York” conferences in France

On January 24 & 26, BARNES New York was pleased to host conferences in France on real estate investment in New York, followed by a cocktail. These conferences “Invest in New York” in Paris and Lyon were a great success.

Yann Rousseau, Managing Partner of BARNES New York, Westchester & Connecticut, and Adrien Gouirand, BARNES New York consultant, lead the discussion in Paris and Lyon in order to present the New York real estate market and its opportunities. The following agenda was discussed :

  •     How is the New York real estate market?
  •     Why is it the right time to buy?
  •     What are the opportunities in new developments (and property tax exemptions)?
  •     What is the buying and financing process in the United States?

The New York real estate market

The New York real estate market is witnessing a decline in supply and demand. Despite the U.S. recession, we do not expect a decline in prices for existing properties. On the other hand, the euro is recovering and new constructions represents very good buying opportunities for both resale and rental.

The most sought-after properties

Although more expensive, new developments have many advantages in terms of finishes, amenities, tax exemptions and rental/resale potential. Pre-war buildings are also in high demand for their charm and lower costs. Finally, multifamily buildings are also highly sought after by families or investors looking to rent several apartments.

The most popular neighborhoods in Manhattan are Tribeca, the Upper East Side, Midtown and Soho. As for Brooklyn, the neighborhoods of Dumbo, Caroll Garens, Gowanus or Cobble Hill are very popular.

Events that made a splash

The conferences were followed by question/answer sessions and cocktails that allowed all participants to interact on the New York real estate market in a laid-back and chic atmosphere.

Video realized by Enzo CANNATI

Photos by Radu CASUNEANU

BARNES New York’s Conference Tour in France – January 2023

BARNES New York is pleased to invite you to its France Conference Tour in January 2023 for conferences on real estate investment in the United States. The conferences are scheduled as follow:

  • Paris – Januray 24th, 2023, 6 pm to 8 pm (InterContinental Paris Le Grand Hotel)
  • Courchevel – Januray 25th, 2023, 6 pm to 8 pm (BARNES Courchevel) – In English
  • Lyon – Januray 26th, 2023, 6:30 pm to 8:30 pm (Tennis Club in Lyon)

Yann Rousseau, Managing Partner of BARNES New York, will present the New York real estate market, the acquisition and financing process, and the current opportunities for new developments in one of the most attractive city on the American continent. The conferences will be followed by a cocktail. Please register for the conference at your location by clicking on the link below:

Register for Paris
Register for Courchevel
Register for Lyon

New York real estate outlook with Yann Rousseau

Meet Yann Rousseau, director of BARNES New York, who reviews the New York real estate market.

In this traditionally very active autumn from the point of view of the New York real estate market, and while it seemed to have regained its historical seasonality, we are seeing a clear slowdown in activity.

And this is happening on both sides of the table, with sellers withdrawing their properties to wait for better days, and buyers who are no longer in a hurry because of the impact of the downturn in the market and the rise in interest rates. At the same time, the strong dollar, to the detriment of the euro in particular, is also slowing down foreign investment. The New York real estate market is therefore sluggish, typically a buyers’ market, although this is not translating into lower prices at this stage. Nevertheless, we can expect better negotiation margins.

In the old, but especially in the new. Again, while individual sellers in New York can afford to wait until activity picks up (probably next spring), developers (or “sponsors” in New York parlance) do not have this freedom, with financing and regulatory deadlines pressing them to clear their inventory as soon as possible. Thus, it is rather towards this type of product that one should concentrate today and thus take advantage of a brief window of opportunity where one can go and negotiate some “sales”, all things considered. With the right project and negotiation approach, double-digit discounts can be expected.

 This market opportunity, mainly in new construction, will not last. Buyers, especially those with existing dollars (or dollar assets), would be well advised to position themselves in the next six months. For, barring any new exogenous events, a recovery is expected by the spring of 2023.

BARNES Magazine n°32 is hot off the press

The BARNES Fall-Winter 2022 magazine is hot off the press, featuring Terry de Gunzberg, founder of By Terry, who invites us to discover her colorful universe. Entrepreneurship, cosmectics and art…she shares with us her passions and also her vision that has revolutionized the world of beauty.

Learn about the world of wine with Angelus, an exceptional signature combined with contemporary daring, but also the Orient Express, an express route to luxury. We also open our pages to Baccarat, a sparkling party, to the decorators Friedmann & Versace but also to Guy Savoy who shares his idea of luxury.

For this 32nd edition of the magazine, take a real estate world tour by browsing our selection of the most exceptional properties in international cities, in France, as well as country, seaside and mountain destinations. Click on the link to access the online version of the magazine.

Read more

BARNES Study: Paris Luxury Market Report 2022

BARNES just published its new study on Paris luxury real estate market report for 2022. You’ll find data on the high-end sales now taking place in all 20 arrondissements of the French capital, showing a preference for foreign buyers for premium locations, and a continued enthusiasm for pieds-à-terre.

2022 was the year of change, showing a new vision of Paris and big cities worldwide. People are moving away from cars and prefer a cleaner public transportation system, realizing it’s possible to cross Paris by bus, metro or bike in 20 minutes. People are also looking for more authenticity and simplicity in their everyday lives, and want to achieve something closer to a “village life”.

“What we’re seeing, both for a French and international clientèle, is a new way of approaching property acquisitions in Paris.” Richard Tzipine, Managing Partner of BARNES.

Read more

Real Estate: Rental prices are skyrocketing in New York. Here’s why

After five consecutive months of rising prices, the average monthly rent stood at $5,058 in Manhattan last June. In the space of a year, real estate rentals in New York have seen prices soar by almost 30%. To understand this phenomenon, Rachel Brunet from LePetitJournal went to meet Yann Rousseau, Managing Partner at BARNES New York.

Read the article
WhatsApp
en_USEnglish
fr_FRFrench pt_BRPortuguese es_ESSpanish ru_RURussian elGreek it_ITItalian he_ILHebrew nb_NONorwegian en_USEnglish