Tag Archives: Lewisboro Luxury Homes

Bedford Town Board Opts Not To Object To Proposed Katonah Group Home | Katonah Homes

Following a legal opinion from Bedford’s counsel, the Town Board approved countersigning an agreement of assurances from the provider of a proposed Katonah group home instead of making an objection to it.

The unanimous vote on Monday, Sept. 29, came following a review from Town Attorney Joel Sachs of state case law and correspondences from provider Cardinal McCloskey Community Services giving assurances for its plan. A letter from CMCS, dated Sept. 29, includes a signature from Chief Operating Officer William Ursillo and space for a town signatory.

Sachs explained that if the supervisor were to countersign, then the letter would be a legally binding agreement. The board’s approval was for Supervisor Chris Burdick to give his signature.

Ursillo, in his letter, mentions that the assurances are applicable if there is no objection filed and if there is no litigation that would seek to stop or delay the facility’s opening or closing on the property. Sachs also noted that the assurances would not be binding if there is an objection.

 

 

read more….

 

http://bedford.dailyvoice.com/news/bedford-town-board-opts-not-object-proposed-katonah-group-home

Going Off-Grid with Solar | #Waccabuc #RealEstate

Going Off-Grid With Solar

Going Off-Grid With Solar

Volume 1 – SOLAR OFF-GRID BASICS

Introduction

Over the next few months I will discuss with you the topic of off-grid solar systems.  The impetus of developing these articles centers around the growing trend of individuals who desire to become less dependent on their utility grid.

There are a number of system types that can be considered when making this move toward energy independence. Some of the questions that you want to start thinking about are:

Do I want my home to be completely off-grid or do I want the ability to have grid power should the need arise?

I have already installed a grid-tied PV system on my home, can I use my existing system and still have the ability to go off-grid?

I’m not sure I’m ready to invest in a battery based system; however, I would like to plan on adding that to my future or existing PV system.  What options are there for me?

    Now that you have started to think about these questions and which of these applies mostly to your situation we can begin to understand how these relate to the different types of off-grid PV systems.

System Types

    There are a few basic types of off-grid systems to consider when evaluating the prospect of taking your home off-grid.  The types of systems are; PV-Direct, Off-grid and Hybrid.  Each of these types have different attributes that define what they are able to do.  Each serves a specific purpose and is chosen by the needs that you require.

PV-Direct System

    The PV-Direct system is this simplest of all off-grid systems.  It contains the least amount of equipment and is therefore less costly than other off-grid systems types.  Essentially the only components that are required are PV modules, disconnects/fuses/breakers, and the load.  

    The PV-Direct systems are a good consideration if you have devices which are DC powered and are remote.  These could be well-pumps, dc-fan motors or any other DC powered device.  The limitations to these systems are that they can only be powered when the solar resource is available.  This makes them unsuitable for an off-grid home, but can still be considered if your off-grid home is remote and you have a well-pump or perhaps a greenhouse which requires ventilation.

Off-Grid System

    The next type of systems is the Off-grid system.  This is the most commonly thought of because it describes a home which is completely isolated from the utility grid by choice or 

Off-Grid System

    The next type of systems is the Off-grid system.  This is the most commonly thought of because it describes a home which is completely isolated from the utility grid by choice or necessity.  These systems contain more components than the PV-Direct system and by extension more energy usability because one of the primary components is energy storage (batteries).

    Before I go further, I want to mention here that there are two types of systems that can be considered in an off-grid system.  Those may be either DC coupled or AC coupled.  I will cover both of these system types in more detail in a later article to help further explain the advantages of each and when they should be employed.

    Off-grid systems are most common for homes that are in remote locations or in areas that are too far from a utility service where the cost of running utility service would be cost prohibitive.  These circumstances are where off-grid PV systems are a great option to consider when traditionally you would need to rely on some type of fossil fuel or natural gas commodity to run a generator, which can be expensive and not environmentally friendly.

    The main components of an off-grid system are the PV modules, charge controller, battery bank, battery management, DC/AC inverter and electrical safety equipment.  You can also consider adding or keeping the aforementioned generator if the loads you wish to power require that extra boost, your batteries need an extra charge or you are really conservative and would like to have it just in-case.

read more…

http://www.civicsolar.com/resource/going-grid-solar?utm

Home buyers have an edge in these markets | Katonah Real Estate

 

 

While many Realtors remain positive about the prospect of sales of new and existing family homes and condos for the spring season, an increase in mortgage interest rates, strict lending standards, and the gradual withdrawal of investors from many major metropolitan areas have produced a triple threat for home sellers, says Daren Blomquist, vice president at RealtyTrac. “We’re already seeing some evidence in a few markets that some prices are going into negative territory,” he says. The good news for those who do qualify for a mortgage: There are still competitively priced homes for first-time buyers, Blomquist says.

Here are seven markets where existing home prices dipped — even slightly — in the first quarter, according to data released to MarketWatch by RealtyTrac:

 

Oklahoma City, Okla.

House prices in Oklahoma City dipped 1% year-over-year in the first quarter after a 5% fall in the fourth quarter of 2013, according to RealtyTrac. Oklahoma had an extremely cold winter. And higher health-care payments under the Affordable Care Act impacted some of her clients, says Leslie Thomas, real-estate agent with Keller Williams Realty in Central Oklahoma. “I had individuals who qualified for one home, but who were not able to qualify for the same home after their insurance was adjusted,” she says. Thomas expects the market to pick up in the second quarter and has seen “multiple offers” for one property. Meanwhile, institutional investors in Oklahoma have remained steady. They accounted for 7.6% of all sales in the first quarter of 2014 versus 7.8% a year earlier.

Jacksonville, Fla.

There was a 1% annual dip in Jacksonville in the first quarter of 2014 after a 15% rise for both the third and fourth quarters of 2013, according to RealtyTrac’s sales price data, which is derived from public record sales deed data that includes all property transactions publicly recorded. “Homes are priced competitively, but we have a higher demand than inventory,” says Melanie Green, spokeswoman for the Northeast Florida Association of Realtors. Green says prices for new and existing condos and single-family homes (sold through a Realtor) actually rose 2.7% on the year in the first three months of 2014. However, RealtyTrac’s median prices are based on the sales price on the deed, which includes sales not listed on “Multiple Listing Services” — the industry’s main database that also includes information available only to real estate professionals — such as third party purchases at foreclosure auction and bulk transactions between investors.

Tulsa, Okla.

Existing home prices in Tulsa fell 2% in the first quarter of 2014 after falling 3% in the third and fourth quarters of last year, according to RealtyTrac; prices there rose 6% in the second quarter of 2013. “Those statistics are fairly accurate in reflecting the market as it pertains to my experience,” says Frank Petrouskie, a Realtor in Tulsa. “I think we’ve been delayed by about six weeks for the spring selling season and I’m now seeing more houses come on the market. But the last quarter of last year was a very strange environment. There wasn’t much inventory out there but there wasn’t much demand either.” Retail investors have become more skittish in recent years and there’s a slight imbalance in market expectations, he says. “Buyers seem to be a bit more cautious and sellers seem to want a little more than the market can bear.” Institutional investors accounted for just 2.4% of all sales in the first quarter versus 10.3% a year earlier.

Greensboro-High Point, N.C.

There was an 8% drop in existing home sales in Greensboro-High Point, N.C., after a 2% rise in the fourth quarter, RealtyTrac found. “There’s still a lot of uncertainty about the economy,” says Tommy Camp, president and CEO of Berkshire Hathaway HomeServices Yost & Little Realty. “Some buyers say, ‘We’ve got a job, but we don’t know how secure that is.’” A slowdown in household formation has also had a negative impact on the housing market, he says; 18- to 34-year-olds account for more than half of missing households — that is, Americans who would be owning or renting a home now if prerecession economic trends had continued. But while the overall volume of sales was down 12% from January 2014 to April 2014, sales of new and existing homes sold by Realtors were up by around 5% on the year during the same period, Camp says.

Lancaster, Pa.

Home prices fell 2% in the first quarter in Lancaster after rising 2% in the fourth quarter. Institutional investors made up just 1.4% of sales in that market in the first quarter, down from 7.6% for the year-earlier period, according to RealtyTrac. Some Realtors remain more optimistic than RealtyTrac’s figures, however. “We’ve weathered the storm with less dramatic effect compared to the rest of the country,” says Susan Allison, a Realtor based in Lancaster. “We just didn’t have the same level of layoffs or unemployment or foreclosures or distressed housing,” she adds. The first quarter of the year was slow for everyone with regard to pending sales and home sales, especially with interest rates trending upward. Still, Allison says house prices sold by Realtors rose 3% in the first quarter year-over-year.

Des Moines-West Des Moines, Iowa.

This market had a slight 1% drop in the first quarter after a 5% rise in the fourth quarter of last year, Blomquist says; during the same period the share of houses sold by institutional investors fell to 0.6% from 7.4% a year earlier, taking a significant amount of demand out of the market. David Peers, chief operating officer for Berkshire Hathaway HomeServices First Realty in Des Moines remains far more optimistic. “Our biggest challenge is lack of inventory with listings, he says. “That’s driving prices up a little bit and creating multiple offers on a lot of our listings.” The number of listings is around half of its usual volume, he says. “New construction has really taken off in the last six weeks now that the frost is out of the ground.”

Virginia Beach-Norfolk-Newport News, Va.

Sales prices in this area of southeast Virginia — which includes miles of waterfront properties — have wobbled over the last year, according to RealtyTrac’s data, falling 5% in the first quarter of this year after rising 3% in the fourth quarter, and falling 1% in the third quarter. “Our area has a lot of military and the government shutdown in November was really hard on us,” says Chantel Ray, a real-estate broker in Virginia Beach. “We definitely had a lot less calls all across the board. Sales were down in November and December, which then effects January and February.” However, Ray says prices have been improving since then. “With all of the factors combined, we’ve seen a slight lull in the market,” says NAMB’s Frommeyer. “However, housing starts are on the rise which will boost inventory.”

 

 

read more…

 

http://www.marketwatch.com/story/7-places-where-property-prices-are-falling-2014-05-13?siteid=yhoof2

 

Local Farmers Markets | Katonah NY Real Estate

 

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Farmers Markets Open This Weekend with Music & Make Mom a Card Events
May 8-14th, 2014

DowntoEarthMarkets.com
Lettuce_MSP
What’s New, In Season, and On Sale This Week

Asparagus
Gajeski Produce
Newgate Farms

Baked German Goodies
Bienenstich, Mohnstreusel, Linzer,
and more

Christiane’s Backstube

Brioche Loaves
Perfect for French Toast on
Mother’s Day morning

Wave Hill Bread

Chocolate Explosions
Meredith’s Bread

Chutneys & Frozen Kofta, Rajma,
Roti Roll, Saag, & Samosa
SALE: $2 OFF order when you buy 4 or more items – use code 051014
Bombay Emerald Chutney Co.

Farm Egg Frittata
Enjoy on site at the market
Rockland Roots

Fiddleheads

Newgate Farms


Flowering Tuscan Kale
Gajeski Produce

FREE Cinnamon Roll for all kids,
aged 12 & younger

Orwashers Bakery

Gluten-Free & Regular Mother’s Day Cookies & Cupcakes
Meredith’s Bread

Goat Cheeses: Fresh Chevre, Greek-Style Feta, & Fresh Ricotta
Acorn Hill Farm

Grass-fed Beef Short Ribs
With Farmer Ground polenta – Enjoy on site at the market
Rockland Roots

Green Elephant Garlic
Gajeski Produce

Ground Beef: Buy five 1lb pkgs
& get $2 OFF per pound
(Reg $9.75/lb; now $7.75/lb)

Kiernan Farm


JUST CRUST Antioxidant Chips
& Croutons

SALE: $1 OFF (Reg. $5: now $4)

Wave Hill Breads

Mother’s Day Baskets
Includes apples, applesauce, jam
& fresh herbs

Mead Orchards

Mother’s Day Gift Boxes
Bombay Emerald Chutney Company

Olive & Roasted Red Pepper Ciabatta
Wave Hill Breads

Red Wine-Soaked Alfonso Olives
Pickle Licious

Ramps
Newgate Farms

Rhubarb
Newgate Farms


Rhubarb Almond Squares
Christiane’s Backstube

Spinach
Newgate Farms


Click on a Market to see all vendor and event details…

Westchester
County

Mamaroneck

Thank you
for a great winter season.
Starting this weekend, find many of your favorite vendors in Larchmont.


Rockland
County


Ossining

OPEN ALL YEAR AROUND
Saturdays
9:00 am-1:00 pm


Larchmont

OPENING DAY: MAY 10th
Saturdays
8:30 am-1:00 pm

Piermont

OPENING DAY: MAY 11th
Sundays
9:30 am-3:00 pm

L
Croton-on-Hudson

OPENING DAY: MAY 11th
Sundays
9:00 am-2:00 pm


Rye

OPENING DAY: MAY 11th
Sundays
8:30 am-2:00 pm

Spring Valley

Coming in July

Tarrytown/Sleepy Hollow

OPENING DAY: MAY 24th
Saturdays
8:30 am-1:00 pm


New Rochelle

OPENING DAY: JUNE 20th
Fridays
8:30 am-2:30 pm


Headed to the city soon?

Visit a Down to Earth
Farmers Market in NYC!

Announcements
Music & Make Mom a Card Events This Weekend

Calling all Moms and those of us who love you: Stop by our markets in Larchmont, Ossining, Rye, Croton-on-Hudson, and Piermont this weekend and Make Mom a Card. At Market Manager’s tent, you’ll find colored papers, markers, crayons, gluesticks, and more for artists of all ages. We’ll have great music at all these markets, too!
We’re excited to begin the 2014 season and look forward to seeing new and old friends.

Visit the Down to Earth Markets Calendar for full details.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Twitter @DowntoEarthMkts.

Down to Earth Farmers Market | Katonah NY Real Estate

 

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Mamaroneck: FULL Market for Last Saturday of the Season;
Bombay Emerald Chutney Co & Sale on Local Meats in Ossining
+ More
May 1st-7th, 2014

DowntoEarthMarkets.com
Lettuce_MSP
What’s New and On Sale This Week

2-3 Pound Whole Chickens
Yellow Bell Farm

Beef Kabob Cubes
SALE: $1.50 OFF per pound
Reg: $11.50/lb; NOW $10/lb

Kiernan Farm

Frozen Kofta, Rajma,
Roti Roll, Saag, & Samosa
Bombay Emerald Chutney Co.


Gluten-Free Apple Pies
and Tarts

Meredith’s Bread

Gluten-Free Reverse
Chocolate Chip Cookies

Meredith’s Bread

Pork Ribs – Country-Style
SALE: $1.50 OFF per pound

Reg: $10/lb; NOW $8.50/lb

Kiernan Farm


Spelt Bread
Made with 100% organic spelt and whole wheat flours

Orwashers Bakery

Wild Ramps
Yellow Bell Farm

Wild Ramps, Ramp Pesto &
Ramp Sausage

Stone & Thistle Farm


Click on a Market to see all vendor and event details…

Westchester
County

Mamaroneck
*LAST DAY THIS SATURDAY*

Saturdays thru May 3rd
9:00 am to 1:00 pm


Rockland
County


Ossining

OPEN ALL YEAR AROUND
Saturdays
9:00 am-1:00 pm


Larchmont

OPENING DAY: MAY 10th
Saturdays
8:30 am-1:00 pm

Piermont

OPENING DAY: MAY 11th
Sundays
9:30 am-3:00 pm

L
Croton

OPENING DAY: MAY 11th
Sundays
9:00 am-2:00 pm


Rye

OPENING DAY: MAY 11th
Sundays
8:30 am-2:00 pm

Spring Valley

Coming in July

Tarrytown/Sleepy Hollow

OPENING DAY: MAY 24th
Saturdays
8:30 am-1:00 pm


New Rochelle

OPENING DAY: JUNE 20th
Fridays
8:30 am-2:30 pm


Headed to the city soon?

Visit a Down to Earth
Farmers Market in NYC!

Announcements
Next Weekend – Mother’s Day Weekend – May 10th & 11th

We’re getting ready to open four farmers markets over Mother’s Day Weekend:
Larchmont, Rye, Croton-on-Hudson, and Piermont. These openings are earlier than in years past, and to celebrate the timing with Mother’s Day, we’re hosting “Make Mom a Card!” events at the markets. Ossining’s Down to Earth Farmers Market will have a creation station for Mother’s Day cards, too. We’ll have great music as well. Visit the Down to Earth Markets Calendar for full details.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Twitter @DowntoEarthMkts.

It Takes a Village to Raise a Food Company:
The 2014 Food + Enterprise Entrepreneur Pitch Competition
FBF-Radicle
Christopher Washington of Radicle Farm, a hydroponic farm in urban New Jersey

The reason why more and more people want to buy local food may be as simple as this: It is made by local people. And they have stories to share. Last week, we attended the 2014 Food + Enterprise Pitch Competition, hosted by Slow Money NYC and the Food Book Fair. Playfully dubbed “The Shark Tank for Foodies” by Derek Denckla, the Chair of Slow Money NYC, it was really a casting call for ten inspiring entrepreneurs who deserve tremendous support.

One by one, small business owners described his or her company to the panel of judges who included Taylor Erkkinen, Co-Owner, The Brooklyn Kitchen; Michael Hurwitz, Director, NYC Greenmarkets (GrowNYC); Liz Neumark, CEO, Great Performances Catering, Katchkie Farm; Elly Truesdell, NE Regional Local Forager, Whole Foods; and our very own Jon Zeltsman, President, Down to Earth Markets. Emilie Baltz expertly moderated the panel.

The first entrepreneur, Arshad Bahl, presented Amrita Health Foods, his plant-based energy bar company. The bars are raw, vegan, grain-free and free of the 8 major allergens. Yet, while those words can seem like familiar chorus, his story made them ring clearly. When his son was two-years old, he was diagnosed with autism. In response, he and his wife drastically changed their son’s diet, and now at age 9, their son is off of autism spectrum. Their son’s transformation is the catalyst behind their company.

Along with way, we also heard from entrepreneurs as varied as a farm on Staten Island, purely dedicated to Mexican heritage foods, to Lindsay Jakubowski of Kriemhild Dairy Farms who told the audience that last year butter sales exceeded margarine sales for the first time in 40 years.

After each presentation, the judges offered their feedback as well as a score on the scale of 1 to 5. A score of 1 meant “not ready to fund today” to a score of 5 meaning, “ready to fund here and now.” The first 5 of the night went to Mark Jaffe of Fresh Connection, a service that aggregates food from local farms in upstate New York for delivery to wholesale accounts and restaurants in the city. His work focuses on a weak link in the local food chain: “last mile delivery.” Jaffe’s execution of a simple, yet sorely needed idea won the competition with the highest score from the judges. As he collected his $500 honorarium in the form of a giant check, he said he was thrilled to receive the award on behalf of truck drivers who are his “unsung heroes.”

After last week’s event, we’ve all got a lot of heroes to sing about.

Day Vendors This Week

Mamaroneck

Calcutta Kitchens
Flourish Baking Company
Hudson River Apiaries
Mortgage Apple Cakes
Robinson & Co. Catering Company (British-inspired prepared foods to go)

Ossining

Bombay Emerald Chutney Company


Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837
DowntoEarthMarkets.com

Down to Earth Farmers Markets | Cross River Realtor

 

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Sale on Country-Style Pork Ribs + Local Honey in Ossining;
Trotta Pasta + Pie Lady & Son in Mamaroneck
+ More
April 24-30th, 2014

DowntoEarthMarkets.com
Onions- April-2014
What’s New and On Sale This Week

Black & White Chocolate Explosions
Back by popular demand

Meredith’s Bread



Ground Beef Jerky
one pound packages

SALE: $4.00 OFF per pound!
Reg: $26/lb; NOW $22/lb
Kiernan Farm

Pork Ribs – Country-Style
SALE: $1.50 OFF per pound

Reg: $10/lb; NOW $8.50/lb

Kiernan Farm

Wild Ramps, Ramp Pesto &
Ramp Sausage

Stone & Thistle Farm


Click on a Market to see all vendor and event details…

Westchester
County

Mamaroneck – OPEN NOW

Saturdays thru May 3rd
9:00 am to 1:00 pm


Rockland
County


Ossining

OPEN ALL YEAR AROUND
Saturdays
9:00 am-1:00 pm


Larchmont

OPENING DAY: MAY 10th
Saturdays
8:30 am-1:00 pm

Piermont

OPENING DAY: MAY 11th
Sundays
9:30 am-3:00 pm

L
Croton

OPENING DAY: MAY 11th
Sundays
9:00 am-2:00 pm


Rye

OPENING DAY: MAY 11th
Sundays
8:30 am-2:00 pm

Spring Valley

Coming in July

Tarrytown/Sleepy Hollow

OPENING DAY: MAY 24th
Saturdays
8:30 am-1:00 pm


New Rochelle

OPENING DAY: JUNE 20th
Fridays
8:30 am-2:30 pm


Headed to the city soon?

Visit a Down to Earth
Farmers Market in NYC!

Announcements
Mother’s Day Weekend: May 10th & 11th

We’re getting ready to open four farmers markets over Mother’s Day Weekend:
Larchmont, Rye, Croton-on-Hudson, and Piermont. These openings are earlier than in years past, and to celebrate the timing with Mother’s Day, we’re hosting “Make Mom a Card!” events at the markets. We’ll have great music, too. Visit the Down to Earth Markets Calendar for full details. See you there.

Stay tuned to all market happenings via our Down to Earth Markets Facebook page
and follow us on Twitter @DowntoEarthMkts.

Welcome Back, Wild Ramps. Sure is Nice to See You.
washedramps
Photo courtesy of Amy Cotler, The Locavore Way

Spring is nature’s way of saying, “Let’s party!”
– Robin Williams

And our first guest has arrived. This week, Tom Warren of Stone & Thistle Farm wrote in with the news that he’ll have ramps at our farmers markets this weekend. It will be the first time in 2014.
After a long, frigid winter, the Earth is opening back up.

Ramps are a part of the onion plant family and are also known as “wild leeks”. According to Deborah Madison in Vegetable Literacy, “they like moist, sandy soils, preferably near a stream.”
Lucky for us in the Northeast, we’ve got quite a bit of this landscape. Ramps usher in our spring. As they set the table, shortly the other guests will arrive: asparagus, nettles, fiddleheads, and garlic scapes. In most cases, these are foods from the wild. Our farmers markets are stocked by Mother Nature, as local growers and foragers bring what is available from around here, at this time.

When we eat seasonally, we get to connect with nature’s rhythm — to cherish its limited editions. We say this not in an overly precious way, but rather to celebrate what we are all given by nature. The first foods of spring are full of vibrant colors and tastes that will only be here for a short while. And that’s reason to party.

Ramp Aioli
by Stone & Thistle Farm

Serves 4

Ingredients

2 tsp fresh lemon juice
1/4 tsp cayenne pepper
1 egg yolk from pastured hens
1/2 cup olive oil
6 ramps, whites only (reserve greens for another use – perhaps diced into scrambled eggs)
Minced Kosher salt and freshly ground pepper to taste

Instructions

Whisk together the juice, cayenne pepper, and yolk in a mixing bowl. While whisking, slowly drizzle in 1/2 cup oil until sauce is emulsified; stir in ramps. Season with salt and pepper, and set aside. Enjoy.

Note: The wild foods, such as ramps, offered at Down to Earth Farmers Markets are thoughtfully foraged. In the name of a good thing, the foods are collected in a way that ensures future harvests. If you have any questions about the process, ask your favorite vendor.

Day Vendors This Week

Mamaroneck

Flourish Baking Company
Pie Lady & Son
Trotta Pasta

Ossining

Hudson River Apriaries

Down to Earth Markets 173 Main Street Ossining, NY 10562 Phone: 914-923-4837
DowntoEarthMarkets.com

Londoners priced out of real estate market blame foreigners | Katonah Real Estate

 

Protesters shouting “No more homes for millionaires!” outside London City Hall this week want real estate developers to stop pandering to wealthy foreign buyers and start building more housing that locals can afford.

Sparking the protest was a plan by Hong Kong-based Hutchison Whampoa Ltd. to build up to 3,500 new homes not far from London’s Canary Wharf financial district. Mayor Boris Johnson has approved the project.“These are the kind of homes that local people will never be able to afford,” said Cheryl Coyne, a 63-year-old semiretired schoolteacher.

“There are thousands of people in the borough who need homes, and instead they’re building flats for multimillionaires.”Average London house prices increased 18 percent in the first quarter from a year earlier, the most since 2003, to a record 362,699 pounds ($604,000), the Nationwide Building Society said.

Much of that increase stems from wealthy non-British investors seeking assets that would hold their value. Builders use advance sales, often to buyers from Asia, to help finance new projects. Foreign-born buyers made 69 percent of central London new-home purchases in the two years through June 2013, with 28 percent living outside the U.K., broker Knight Frank LLP said in October.

When the Malaysian owners of the Battersea Power Station project, on the south bank of the River Thames, sold the first 866 homes in just three days in January, more than half went to foreign buyers.

 

 

 

Source: Bloomberg – See more at: http://www.inman.com/wire/londoners-priced-out-of-real-estate-market-blame-foreigners/?utm_source=20140404&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.F8Or8wU6.dpuf

Pierre Penthouse Now Costs $95M After $30M Price Cut | South Salem NY Homes

9 images

One of the Real Estate Things To Watch in the coming year was going to be the competition between the city’s five listings asking $100 million or more. But one of those listings, the $125 million penthouse atop the Pierre Hotel owned by the widow of stock investor Martin Zweig, has already dropped out of the $100 million race, cutting its price by $30 million, down to a paltry $95 million. Despite the 24 percent discount, if the residence got its full ask it would still set a city record, and remains a long shot. But an impressive long shot nonetheless, encompassing the three top floors of the famous hotel, with 16 rooms including the living room, which, according to the brokerbabble, “is considered the most magnificent privately owned room in the world.” It carries monthly charges of $42,720.