Global Update: Miami's New Home for Super-Yachts

Ladies lead luxury real estate decisions. Well, all real estate decisions, really. A study by the Boston Consulting Group found that U.S women, married or single, “make home-buying decisions 91 percent of the time.” Michigan Avenue Magazine spoke with three high-end brokers about how to appeal to different generations of this influential demographic. [Michigan Avenue Magazine] A place to park your mega-yacht. In Miami, a new marina on Watson Island is expected to open by the end of the year. It will be able to house 50 yachts, each up to 550-feet in length. The roughly $1 billion development will also include a residential building, two luxury hotels, restaurants and shopping. [Miami Herald] Everything in moderation, even extravagant living. Manhattan luxury developers joined The Real Deal’s New Development Showcase & Forum to discuss a wide range of topics from penthouse prices to Mayor de Blasio’s proposed mansion tax, and what they see as restraint in New York’s seemingly insatiable luxury real estate market. [The Real Deal] Cherish your Chinese investors. Chen Guo Jing, an Australia-based Chinese developer, told a Hong Kong television station that the Australian luxury housing market “can’t survive without” Chinese buyers. [The Daily Mail] A city of monuments, and soon, monumental prices. A swelling population has helped raise real-estate prices in Washington, D.C., with a burgeoning luxury apartment market listing prices previously unseen in the nation’s capital. [WTOP] Has Hong Kong’s new hotspot been discovered? Large luxury houses in Cheung Sha, an outlying island of Hong Kong, are fetching record prices for their size, proximity to the city and, of course, “spectacular sea views.” [South China Morning Post] Looking to make your luxury property stand out? Sure, you can add all manner of amenities, but you may find a bigger boost by adding some “museum-worthy” art. [NY Post] Once it was British sea power which ruled the world. Now it is British property prowess. Agents are heralding a new “golden” age of the British luxury real estate market in the days following the U.K. general election with the number of high-end property transactions spiking in the wake of the Conservative Party victory. [The Telegraph]