Home energy improvements at County Durham homes
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North-East woman buys luxury property firm Quintessentially
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A lakeside cottage in Ontario available through Stay One Degree
It’s been almost a year since the UK first went into lockdown and life as we knew it changed, in some ways, forever.
A couple of weeks in, billionaire business magnate David Geffen shared on Instagram that he was ‘isolating in the Grenadines avoiding the virus’, aboard his $590m superyacht, Rising Sun, which suggested life as Geffen knew it hadn’t actually changed an awful lot. The post was attacked as ‘tone deaf’ and very quickly deleted. Others, like Demi Moore, whose remote and luxurious Idaho home had self-isolation chic written all over it, stayed put.
Quintessentially Estates LA president and broker Aram Afshar’s real estate sales career started in the midst of a crisis. After years of success in the mortgage industry, he decided to abandon it right as the Great Recession spurred the collapse of the housing market.
Knowing a wave of foreclosures was on the horizon, Afshar quickly shifted his plans to focus on real estate sales and founded Afshar Properties, a Coldwell Banker Global Luxury team that originally focused on a rapidly growing distressed and upside-down sales market.
“I was able to see that the market was shifting probably a little bit before many people because of my mortgage background, and I realized that there was going to be a crisis,” he told Inman. “I bet on the fact that there would be a potential opportunity in the crisis, and a way to help people who [were] going to have distressed properties.”