2022 deliveries: Porsche posts a slight increase
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2022 deliveries: Porsche posts a slight increase

2022 deliveries: Porsche posts a slight increase

Porsche put in a robust performance in fiscal year 2022, with a slight increase in deliveries. The sports car manufacturer delivered a total of 309,884 cars over the past 12 months, 3 per cent more than in 2021 – despite several global crises.

Porsche fulfills the dreams of its customers, as strong delivery figures and the continued good order situation for fiscal year 2022 demonstrate. Worldwide, the sports car manufacturer delivered 309,884 vehicles to customers last year, an increase of 3 per cent over the previous year.

Detlev von Platen, Executive Board Member for Sales and Marketing at Porsche AG

“The many challenges caused by the war in Ukraine, interrupted supply chains and the ongoing semiconductor crisis have shaped the past year and put us to the test,” says Detlev von Platen, Executive Board Member for Sales and Marketing at Porsche AG. “So I am all the prouder of the entire Porsche team. In this difficult environment, we have succeeded in fulfilling the dream of owning a Porsche for more customers than ever before.”

Deliveries in Europe 7 per cent above previous year

In the Europe sales region, Porsche delivered 62,685 cars in 2022. This is 7 per cent more than in the previous year. In its home market of Germany, 29,512 customers took delivery of their cars – an increase of 3 per cent. In North America, Porsche recorded 79,260 deliveries, matching the previous year’s level. This was a particularly strong performance in view of logistical and supply challenges that started the year. In what remains the biggest single market, China, 93,286 cars were delivered to customers     (-2 per cent). The slight dip here is mainly due to the effects of the COVID pandemic. Waves of infection, COVID-related lockdowns and logistical challenges affected the deliveries. The Overseas and Emerging Markets sales region continues to develop positively with an increase in deliveries of 13 per cent. Some 45,141 cars were delivered to customers in this region during 2022.

SUVs remain popular among customers

The models with the highest demand again in 2022 were the brand’s SUVs: the Porsche Cayenne was delivered a total of 95,604 times. The Macan followed in second place with 86,724 units delivered. With 40,410 deliveries (+5 per cent) the Porsche 911 remains very popular as well. The sports saloon Panamera was delivered to 34,142 customers (+13 per cent).

The Taycan remains at a high level of orders. In 2022, Porsche delivered 34,801 cars from the model line worldwide (-16 percent). The decline was due to supply chain bottlenecks and limited component availability. Both issues affected the electric sports car in particular. Customers took delivery of 18,203 units of the 718 Boxster and 718 Cayman models.


Taycan GTS and Taycan GTS Sport Turismo

“On the sales side, results have been positive in 2022,” says von Platen. “Porsche is in a solid position. And we’re building on that basis.”

Porsche AG
Deliveries		 January – December
2021 2022 Difference
Worldwide 301,915 309,884 +3%
Germany 28,565 29,512 +3%
North America 79,166 79,260  0%
China 95,671 93,286 -2%
Europe (excluding Germany) 58,576 62,685 +7%
Overseas and Emerging Markets 39,937 45,141 +13%

Disclaimer

This announcement contains ‘forward-looking statements’ that reflect the Porsche’s current view of the future events.

Words such as ‘will’, ‘presume’, ‘as a goal’, ‘could’, ‘possibly’, ‘should’, ‘believe’, ‘intend’, ‘plan’, ‘in preparation’, and ‘aim’ are used to indicate statements relating to the future. These statements are subject to a variety of risks, uncertainties and assumptions. If any of these risks or uncertainties materialise or if the assumptions underlying Porsche’s forward-looking statements should prove unfounded, the actual results could differ significantly from the ones that Porsche has expressly or implicitly assumed in these statements. Forward-looking statements in this press release are based solely on the circumstances pertaining on the day of publication.

These forward-looking statements will not be updated later. These statements are true on the day of publication and may be overtaken by later events.

www.porsche.com
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LVMH hosts fourth edition of LVMH Watch Week in Singapore from January 10 – 12

LVMH organiza la cuarta edición de LVMH Watch Week en Singapur del 10 al 12 de enero

Organizado por el Grupo LVMH, LVMH Watch Week es tradicionalmente el primer evento en el calendario de exhibiciones de la industria relojera, antes de Watches and Wonders en Ginebra. Como cada año, el evento destaca el impulso dinámico de las marcas relojeras de LVMH y de toda la industria. Bulgari, Hublot, TAG Heuer Y Zenith  estarán en Singapur este año para presentar sus últimas colecciones y relojes excepcionales para periodistas de todo el mundo.

 

Cada una de las cuatro maisones de relojería LVMH contará con su posicionamiento distintivo y su único savoir-faire: audaz creatividad y sofisticación de Bulgari, innovación dinámica en Hublot, espíritu de vanguardia para TAG Heuer  y Legendary Expertise en Zenith.

A partir del 10 de enero, los sitios web y las redes sociales de LVMH, Bulgari, Hublot, TAG Heuer y Zenith mostrarán todas las nuevas y emocionantes creaciones de relojes presentadas en el evento.

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eBay Opens Store in NYC that Accepts Pre-Owned Luxury as Currency

eBay Opens Store in NYC that Accepts Pre-Owned Luxury as Currency

eBay Inc.  Nov 16, 2022, 08:00 ET

Shoppers are invited to have their jewelry, handbags, and watches appraised and exchanged for “closet currency” to purchase authentic items from eBay’s top luxury sellers

SAN JOSE, Calif., Nov. 16, 2022– Open during Jewelry Week in the heart of New York’s  iconic Diamond District, the eBay Luxury Exchange capitalizes on the skyrocketing value of authenticated luxury items by letting shoppers exchange jewelry, handbags and watches from top brands like Gucci, Rolex, and Van Cleef & Arpels.

“It’s never been easier for luxury enthusiasts to refine their collections in a trusted environment, and we wanted to create an IRL experience that reflects what’s happening on eBay every day,” said Tirath Kamdar, GM of Luxury at eBay. “The Luxury Exchange gives shoppers an opportunity to appraise and sell their valuable goods, and add something new to their personal collections – just in time for the holiday season.”

eBay’s Luxury Exchange capitalizes on the skyrocketing value of authenticated luxury items by letting shoppers exchange jewelry, handbags and watches from top brands like Gucci, Rolex, and Van Cleef & Arpels.

eBay’s Luxury Exchange: How it Works

  • Shoppers have their luxury items appraised and assigned a value with which they can shop the store’s inventory of designer watches, handbags, and jewelry.

  • Once shoppers find an item(s) within their “currency,” they can make the exchange and walk out of the store with their new luxury goods.

  • If nothing in the store catches a shopper’s eye, guests can visit the on-site photo studio and opt to list on eBay themselves instead of exchanging.

The Luxury Exchange comes on the heels of the expansion of Authenticity Guarantee to jewelry, a move that significantly augments eBay’s luxury offering. eBay launched Authenticity Guarantee in 2020, and the program now includes sneakers, watches, handbags, trading cards and now, fine jewelry. As a result, more and more shoppers are turning to eBay to buy and sell their collections. This behavior is reflected in the depth and quality of inventory available on the marketplace.

eBay’s Luxury Exchange capitalizes on the skyrocketing value of authenticated luxury items by letting shoppers exchange jewelry, handbags and watches from top brands like Gucci, Rolex, and Van Cleef & Arpels.

The Rise of Resale: Luxury As Currency

As economic uncertainty proliferates, interest in alternative investment classes has continued to climb. According to “The Rise of Resale: Luxury As Currency” – a new report from BoF Insights, the data and analysis think tank from The Business of Fashion, conducted in partnership with eBay – approximately 30% of U.S. luxury shoppers surveyed believe the value of luxury handbags, watches, and jewelry is less volatile than other investment assets they own1.

eBay’s Luxury Exchange invites shoppers to have their jewelry, handbags, and watches appraised and exchanged for “closet currency” to purchase authentic items from eBay’s top luxury sellers.

eBay’s Luxury Exchange invites shoppers to have their jewelry, handbags, and watches appraised and exchanged for “closet currency” to purchase authentic items from eBay’s top luxury sellers.

More than half of these shoppers see their luxury items as a form of currency, and they think about their collections dynamically, as a way to trade for other items that they want. What’s more, sixty-two percent of respondents report that they have sold items from their collection for more than the original purchase price.

eBay Opens Store in NYC that Accepts Pre-Owned Luxury as Currency

“Everyone Deserves Real”

Physical authentication is the leading factor in convincing a shopper to purchase a second hand luxury handbag, watch, and jewelry on an online resale platform. eBay’s commitment to authenticity in the luxury category is further evidenced by its upcoming brand campaign – “Everyone Deserves Real” – which spotlights how the pervasiveness of ‘fakery’ in pop culture contrasts with the very real world of eBay’s authentication service and its expert authenticators.

Luxury on eBay – By the Numbers
  • Watches
    • In 2021, eight watches were purchased on eBay in the US every minute.
    • The most sold watch brands in 2022 are Hamilton, Omega, Seiko, Tag Heuer, and Tissot in the US and Canada.
    • Sales for trending styles like the Omega Speedmaster and Rolex Oyster Perpetual Explorer are up triple digits YoY in the US and Canada in 2022.
  • Handbags
    • In 2021, a handbag was purchased on eBay in the US and Canada every 13 seconds.
    • Chanel, Gucci, Louis Vuitton, and Prada are 2022’s top selling handbag brands in the US and Canada.
    • Sales of styles like the Balenciaga Le Cagole and Chanel 22 are up triple-digits YoY in the US and Canada in 2022.
  • Jewelry
    • In 2021, eBay sold eight fine jewelry items in the US and Canada every minute.
    • Cartier, David Yurman, Gucci, Swarovski, and Tiffany & Co are 2022’s top selling brands in the US and Canada.
    • Sales of the Chanel Coco Crush Ring, David Yurman Cable Spira Bracelet, Gucci Interlocking G Bracelet, and Mikimoto Cultured Pearl Bracelet are up triple digits YoY in 2022 in the US and Canada.

eBay’s Luxury Exchange – at 22 W. 47th Street, New York, NY – is open to the public from Wednesday, November 16 through Thursday, November 17, from 11am to 6pm.

About eBay

eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2021, eBay enabled over $87 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

1  Business of Fashion survey data collection in the U.S. in October 2022.

SOURCE eBay Inc.

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Porsche is the most valuable luxury brand according to Brand Finance
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Porsche is the most valuable luxury brand according to Brand Finance

Porsche is the most valuable luxury brand according to Brand Finance

  • Porsche remains the world’s most valuable luxury brand, valued at US$33.7 billion followed by Louis Vuitton ($23.4 billion).
  • Ferrari is the strongest luxury brand in the world with a AAA+ rating while Lamborghini and Aston Martin accelerate their brand strength.
  • The Ritz-Carlton doubles in value and becomes the fastest growing luxury brand in brand value.
  • Estée Lauder enters the top ten of the most valuable and Dior and Dolce & Gabbana display impressive brand value.

Access the full Brand Finance Luxury & Premium 50 2022 report here

Madrid, October 5, 2022.- Porsche remains the most valuable luxury and premium brand in the world, valued at US$33.7 billion according to the latest Luxury & Premium 50 2022 report by Brand Finance , the leading independent valuation consultancy for brands that comply with ISO 10668 and ISO 20671 on the subject, which analyzes the 50 most valuable luxury and premium brands in the world.

Porsche (whose brand value has fallen by 2% to US$33.7 billion) has remained in first place for another year as the most valuable luxury and premium brand in the world. Porsche’s leadership in the luxury and premium segment is good news for the brand, which has just been spun off by its owner, the Volkswagen Group , in an initial public offering on the Frankfurt Stock Exchange.

Each year, leading brand valuation consultancy Brand Finance values ​​5,000 of the world’s biggest brands and publishes over 100 reports ranking brands across all industries and countries. The 50 most valuable and strongest luxury and premium brands are included in the annual Brand Finance Luxury & Premium 50 2022 ranking.

Alex Haigh, Head of Brand Finance , said: “Porsche’s new IPO shows the value of a brand in a very visceral way, much like the Sergio Marchionne-led spin-off of Ferrari years ago. It made a lot of sense to extract value hidden within the Volkswagen group, especially when it comes to an iconic luxury brand like Porsche, which can generate such returns compared to other brands in the portfolio.”

Louis Vuitton is the second most valuable luxury and premium brand, valued at US$23.4 billion

Louis Vuitton (brand value up 58% to $23.4 billion) benefited from increased spending on luxury goods during the pandemic period, especially in China. Covid-19 related restrictions benefited Louis Vuitton as consumers redirected their spending away from travel, hospitality and services towards high-end luxury products.

Louis Vuitton is now trying to manage its brand through strong digital marketing campaigns focused on attracting new customer bases, while maintaining a brand heritage steeped in rich history. On the other hand, the Spanish luxury retailer Loewe, whose brand value has increased by 7%, faces similar challenges, since it has established multiple channels of communication with its customers, online and face-to-face.

Pilar Alonso Ulloa, Managing Director Iberia (Spain, Portugal) and South America commented: “LOEWE has represented Spain in this ranking since 2018. The value of the brand has been growing year after year, however its strength has been diminished in the last two years. . It is one of the top 10 brands most considered by consumers in Spain that highlight the familiarity of the brand compared to others in the sector”.

Ferrari is the strongest luxury and premium brand in the world with a AAA+ rating

In addition to calculating brand equity, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics that assess marketing spend, brand equity, and business performance (business results). Certified to ISO 20671, Brand Finance’s Stakeholder Value Assessment incorporates original market research data from more than 100,000 respondents in more than 35 countries and across nearly 30 industries.  

Ferrari (whose brand value has fallen by 13% to US$8.0 billion) is one of the world’s most recognizable brands and is the world’s strongest luxury brand, with a score in the Brand Strength Index (BSI) of 90.9 out of 100 and an elite AAA+ rating.

An important attribute of the Ferrari brand is its iconic internal combustion engines. The upcoming migration to electric vehicles therefore represents both a challenge and an opportunity for the brand, which aims to manufacture its first fully electric vehicle by 2025 and expects electric vehicles to account for 40% of its product offering by 2030.

The Ritz-Carlton is the world’s fastest growing luxury and premium brand, doubling in value this year

The Ritz-Carlton (whose brand value has doubled to US$1.1 billion) is the world’s fastest growing luxury hotel brand. Its brand value has increased 112% this year, coinciding with the reopening of travel in much of the world. The rise in brand value can be attributed to their impressive revenue per available room that they have reopened after the pandemic. The Ritz-Carlton, part of the Marriott Group , has built an extremely strong brand, with a brand strength index that has increased from 79.6 to 83.2 out of 100, earning a AAA brand rating.

InterContinental luxury hotel brand value (brand value down 1% to $1.5bn) dipped slightly, with significant concern over potential delays in reopening services in key market of InterContinental, China. Despite going through one of the toughest periods the hospitality industry has ever faced, InterContinental remains focused on delivering on its “True Hospitality for Good” brand promise.

Despite the overall drop in brand value, both Lamborghini (whose brand value is down 4%, to $1.9 billion) and Aston Martin (whose brand value is down 18%, to the US $1.1 trillion) have drawn up new sustainability-focused roadmaps that already appear to be having a positive impact on their brand perception.

Dior and Dolce & Gabbana post impressive brand equity

Dior (brand value up 19% to $9.0bn) saw huge global success with its Sauvage fragrance, and the brand returned to growth after the pandemic-induced disruption. Dolce & Gabbana (brand value up 55% to $1.4 billion) is known for its distinctive personality. The Italian brand is in the process of creating Dolce & Gabbana Beauty , which in January 2023 will assume 100% control of the manufacture, sale and distribution of its fragrance and makeup products.

Estée Lauder manages to enter the top ten in brand value

Estée Lauder (brand value up 39% to $7.9 billion) has grown rapidly this year and has recently benefited from increased sales at airports, among other channels, due to the recovery of the tourism sector worldwide, and seems to have made good use of it. The brand has other significant growth opportunities, including its bid to acquire luxury fashion house Tom Ford for $3bn in what would become the largest acquisition deal to date.

Access the full Brand Finance Luxury & Premium 50 2022 report here

Every year, Brand Finance puts 5,000 of the biggest brands to the test, assessing their strength and quantifying their value, and publishes nearly 100 reports, ranking brands across industries and countries. The 50 most valuable brands in the luxury and premium sector are included in the Brand Finance Luxury & Premium 50 2022 ranking.

The full ranking, additional explanations, charts and infographics, more information on the methodology, as well as definitions of key terms are available in the Brand Finance Luxury & Premium 50 2022 report.

Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand on the open market. Brand strength is the effectiveness of a brand’s performance on intangible measures relative to its competitors. See below for a full explanation of our methodology.

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Porsche is the most valuable luxury brand according to Brand Finance
, , ,

Porsche is the most valuable luxury brand according to Brand Finance

Porsche is the most valuable luxury brand according to Brand Finance

  • Porsche remains the world’s most valuable luxury brand, valued at US$33.7 billion followed by Louis Vuitton ($23.4 billion).
  • Ferrari is the strongest luxury brand in the world with a AAA+ rating while Lamborghini and Aston Martin accelerate their brand strength.
  • The Ritz-Carlton doubles in value and becomes the fastest growing luxury brand in brand value.
  • Estée Lauder enters the top ten of the most valuable and Dior and Dolce & Gabbana display impressive brand value.

Access the full Brand Finance Luxury & Premium 50 2022 report here

Madrid, October 5, 2022.- Porsche remains the most valuable luxury and premium brand in the world, valued at US$33.7 billion according to the latest Luxury & Premium 50 2022 report by Brand Finance , the leading independent valuation consultancy for brands that comply with ISO 10668 and ISO 20671 on the subject, which analyzes the 50 most valuable luxury and premium brands in the world.

Porsche (whose brand value has fallen by 2% to US$33.7 billion) has remained in first place for another year as the most valuable luxury and premium brand in the world. Porsche’s leadership in the luxury and premium segment is good news for the brand, which has just been spun off by its owner, the Volkswagen Group , in an initial public offering on the Frankfurt Stock Exchange.

Each year, leading brand valuation consultancy Brand Finance values ​​5,000 of the world’s biggest brands and publishes over 100 reports ranking brands across all industries and countries. The 50 most valuable and strongest luxury and premium brands are included in the annual Brand Finance Luxury & Premium 50 2022 ranking.

Alex Haigh, Head of Brand Finance , said: “Porsche’s new IPO shows the value of a brand in a very visceral way, much like the Sergio Marchionne-led spin-off of Ferrari years ago. It made a lot of sense to extract value hidden within the Volkswagen group, especially when it comes to an iconic luxury brand like Porsche, which can generate such returns compared to other brands in the portfolio.”

Louis Vuitton is the second most valuable luxury and premium brand, valued at US$23.4 billion

Louis Vuitton (brand value up 58% to $23.4 billion) benefited from increased spending on luxury goods during the pandemic period, especially in China. Covid-19 related restrictions benefited Louis Vuitton as consumers redirected their spending away from travel, hospitality and services towards high-end luxury products.

Louis Vuitton is now trying to manage its brand through strong digital marketing campaigns focused on attracting new customer bases, while maintaining a brand heritage steeped in rich history. On the other hand, the Spanish luxury retailer Loewe, whose brand value has increased by 7%, faces similar challenges, since it has established multiple channels of communication with its customers, online and face-to-face.

Pilar Alonso Ulloa, Managing Director Iberia (Spain, Portugal) and South America commented: “LOEWE has represented Spain in this ranking since 2018. The value of the brand has been growing year after year, however its strength has been diminished in the last two years. . It is one of the top 10 brands most considered by consumers in Spain that highlight the familiarity of the brand compared to others in the sector”.

Ferrari is the strongest luxury and premium brand in the world with a AAA+ rating

In addition to calculating brand equity, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics that assess marketing spend, brand equity, and business performance (business results). Certified to ISO 20671, Brand Finance’s Stakeholder Value Assessment incorporates original market research data from more than 100,000 respondents in more than 35 countries and across nearly 30 industries.  

Ferrari (whose brand value has fallen by 13% to US$8.0 billion) is one of the world’s most recognizable brands and is the world’s strongest luxury brand, with a score in the Brand Strength Index (BSI) of 90.9 out of 100 and an elite AAA+ rating.

An important attribute of the Ferrari brand is its iconic internal combustion engines. The upcoming migration to electric vehicles therefore represents both a challenge and an opportunity for the brand, which aims to manufacture its first fully electric vehicle by 2025 and expects electric vehicles to account for 40% of its product offering by 2030.

The Ritz-Carlton is the world’s fastest growing luxury and premium brand, doubling in value this year

The Ritz-Carlton (whose brand value has doubled to US$1.1 billion) is the world’s fastest growing luxury hotel brand. Its brand value has increased 112% this year, coinciding with the reopening of travel in much of the world. The rise in brand value can be attributed to their impressive revenue per available room that they have reopened after the pandemic. The Ritz-Carlton, part of the Marriott Group , has built an extremely strong brand, with a brand strength index that has increased from 79.6 to 83.2 out of 100, earning a AAA brand rating.

InterContinental luxury hotel brand value (brand value down 1% to $1.5bn) dipped slightly, with significant concern over potential delays in reopening services in key market of InterContinental, China. Despite going through one of the toughest periods the hospitality industry has ever faced, InterContinental remains focused on delivering on its “True Hospitality for Good” brand promise.

Despite the overall drop in brand value, both Lamborghini (whose brand value is down 4%, to $1.9 billion) and Aston Martin (whose brand value is down 18%, to the US $1.1 trillion) have drawn up new sustainability-focused roadmaps that already appear to be having a positive impact on their brand perception.

Dior and Dolce & Gabbana post impressive brand equity

Dior (brand value up 19% to $9.0bn) saw huge global success with its Sauvage fragrance, and the brand returned to growth after the pandemic-induced disruption. Dolce & Gabbana (brand value up 55% to $1.4 billion) is known for its distinctive personality. The Italian brand is in the process of creating Dolce & Gabbana Beauty , which in January 2023 will assume 100% control of the manufacture, sale and distribution of its fragrance and makeup products.

Estée Lauder manages to enter the top ten in brand value

Estée Lauder (brand value up 39% to $7.9 billion) has grown rapidly this year and has recently benefited from increased sales at airports, among other channels, due to the recovery of the tourism sector worldwide, and seems to have made good use of it. The brand has other significant growth opportunities, including its bid to acquire luxury fashion house Tom Ford for $3bn in what would become the largest acquisition deal to date.

Access the full Brand Finance Luxury & Premium 50 2022 report here

Every year, Brand Finance puts 5,000 of the biggest brands to the test, assessing their strength and quantifying their value, and publishes nearly 100 reports, ranking brands across industries and countries. The 50 most valuable brands in the luxury and premium sector are included in the Brand Finance Luxury & Premium 50 2022 ranking.

The full ranking, additional explanations, charts and infographics, more information on the methodology, as well as definitions of key terms are available in the Brand Finance Luxury & Premium 50 2022 report.

Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand on the open market. Brand strength is the effectiveness of a brand’s performance on intangible measures relative to its competitors. See below for a full explanation of our methodology.

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The Jills Zeder Group: Nº1 Luxury Property Specialists in real Trends 2021 Rankings
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The Jills Zeder Group: Nº1 Luxury Property Specialists Miami in real Trends 2021 Rankings

The Jills Zeder Group: Nº1 Luxury Property Specialists Miami in real Trends 2021 Rankings

In real estate, there are numerous firms and agencies claiming to be number one in their market. But only a few can back their claims with recognition from trusted industry authorities – and The Jills Zeder Group in Miami is one of them.

Ranked by RealTrends as the #1 Real Estate Team for 2021, The Jills Zeder Group, Coldwell Banker Luxury Property Specialists has firmly established themselves among the top Realtors not only in the Miami area, but also throughout Florida and the entire United States.

Get to Know The Jills Zeder Group

The Jills Zeder Group is the combination of two of the most powerful real estate brokerage teams in South Florida – The JILLS® and The Zeder Team. Realizing they’re driven by the same goals and business ethics, the teams joined forces in March, 2019, and quickly went on to create real estate history.

The team’s logo features three palm trees, symbolizing the three families that make up the core of this regional powerhouse. The JILLS® Team is represented by Jill Hertzberg and her children Danny Hertzberg and Hillary Hertzberg, as well as by Jill Eber and her sister Felise Eber. The Zeder Team is led by Judy Zeder and her children Nathan Zeder and Kara Zeder Rosen.

Together, this formidable group has 150 years of collective experience and $2 billions of dollars in sales just in 2021. Prior to their merger, their combined sales totaled $6 billion, some of which were achieved through their collaborative work on high-profile luxury sales.

The group specializes in upscale real estate throughout Miami-Dade County, representing buyers and sellers in the sale of multimillion dollar estates, high-end condominiums, and stunning waterfront properties.

Their affiliation with the Coldwell Banker Realty offices in Miami Beach and Coral Gables gives them access to a wide range of regional, national, and international clients across 43 countries, as well as to cutting edge resources and technology.

The group is also affiliated with the International Luxury Alliance and Hamptons International – London, expanding their reach to ultra high net worth individuals from anywhere in the world.

Unifying their varied strengths, the two generations of experts in The Jills Zeder team provide unparalleled service to match the needs and preferences of their highly discriminating clientele.

Waterfront Masterpiece in Golden Beach

19 jul 2022 The Jills Zeder Group presents 498 N Parkway, Golden Beach, FL. Exuding opulence, this ultra-lavish waterfront palatial estate is set behind private gates at the end of a cul de sac. Boasting 9,327 SF sitting on a 19,082 SF lot offering 200’ of WF this smart home is the epitome of sophistication.

The living spaces include a movie theatre, rooftop terrace, 5 balconies, elevator, formal dining room, living, family & lounge areas all offering views of the water, maid’s quarters, kosher kitchen w/ top-of-the-line appliances. Primary suite offers dual walk-in closets & bathrooms complete w/ a terrace. Surrounded by open intracoastal views, infinity saltwater pool, spa, manicured landscaping, private dock, the outdoor space is like no other. This luxurious retreat captures the magic of Golden Beach living w/ stunning views & artfully designed living spaces.

The #1 Real Estate Team in the United States in RealTrends’ 2021 Rankings

For 2021, The Jills Zeder Group was ranked the number one large real estate team in sales volume by RealTrends, as featured in Wall Street Journal. This means that, in 2020, among real estate teams in the country with 11 to 20 sales professionals, The Jills Zeder Group achieved the highest sales volume.

The team leads an elite list of what RealTrends describes as “the top one-tenth of one percent of more than 1.4 million licensed Realtors nationwide.” The Jills Zeder Group leads the top 250 real estate teams in the United States, with their closed sales volume of $1,236,209,506 and closed transaction sides (buying or selling) of 214.6 in 2020.

In addition, RealTrends data show that The Jills Zeder Group was the first non-team owned brokerage to have achieved sales of over $1 billion in just one year, an achievement the group was able to accomplish just a few months after the merger.

What it Means to Stakeholders

Coldwell Banker president and CEO called the group’s accomplishment “a testament to the team’s expertise, professionalism, and constant dedication to serve their clients as their trusted advisors.”

Buying or selling a luxury property in Miami-Dade County often involves multimillion dollar transactions. With so much at stake, you want to make sure you’re represented only by proven and tested professionals.

It’s important to have the guidance of experts who will see to it that your interests are protected, no matter which side of the transaction you’re in. Your Realtor should be someone who has the capability to guide you and steer the transaction toward a seamless and worry-free closing.

The Jills Zeder Group’s track record, both collectively and separately, speaks volumes about their performance, earning them the trust and confidence of high net worth individuals from around the world.

Their #1 ranking from RealTrends serves as a seal of confidence, affirming the group’s expertise, abilities, and commitment to achieving their clients’ goals.

What is RealTrends?

RealTrends is an independent and privately held communications, publication, and consulting firm specializing in residential real estate. They provide a range of services to the residential real estate industry, including valuations, M&A, and technology and marketing. In addition to realtors and brokers, their consulting clients include mortgage providers, title companies, tech service providers, and other professionals and companies involved in the real estate business.

Stakeholders in the industry look to RealTrends for updated market reports and analyses, which the organization bases on the financial data provided by hundreds of RealTrends Association Network members.

RealTrends also conducts surveys and studies to get the latest pulse of the market and uncover current industry trends. These reports are accessed through RealTrends’ monthly newsletter and other publications.

The organization also stages Gathering of Eagles, an annual event where leading real estate professionals can get the latest information and insights about the industry. RealTrends Association members also get access to association president Steve Murray’s podcasts, webinars, and one-on-one consultations.

The RealTrends Ranking Programs

RealTrends has several ranking programs designed for specific segments of the real estate industry. These include:

  • The RealTrends + Tom Ferry The Thousand RankingsIn this program, RealTrends, in collaboration with Tom Ferry International, invites individuals and teams to submit their production information. RealTrends will then verify the data and rank the entries accordingly.The Thousand team rankings program is broken down into four categories:
    • Small – for teams with 2 to 5 licensed agents
    • Medium – for teams with 6 to 10 licensed agents
    • Large – for teams with 11 to 20 licensed agents
    • Mega – for teams with 21 or more licensed agents

    For the RealTrends 2021 rankings, The Jills Zeder Group topped the Large Team category with sales volume of over $1.2 billion.

  • America’s BestThis ranking program recognizes the top individual real estate professionals by state.
  • RealTrends Five HundredStarted 34 years ago, the RealTrends Five Hundred rankings is considered the definitive ranking program for the largest residential real estate brokerage firms. It has several categories, including:
    • 500 By Volume – This ranks the country’s top brokerage firms by closed sales volume per year.
    • Billionaires’ Club – This ranks the top brokerages that closed at least $1 billion worth of transactions for the year
    • Nation’s Best – Includes brokerage firms that closed at least 500 transaction sides for the year but did not rank in the RealTrends Five Hundred category
    • Average Sale – This ranks brokerage firms according to the average sales price closed for the year
    • Independents – This honors the top independent brokerage firms in the country.
    • Top Movers – This recognizes brokerages with the biggest increase in closed sides for the year.
  • The RealTrends Market LeadersAs with the RealTrends Five Hundred rankings, RealTrends Market Leaders ranks the largest residential brokerage firms in the United States, but breaks down the rankings by metropolitan area.
  • RealTrends Website RankingsThis program ranks the top real estate websites in the United States. It includes six categories highlighting the facets that make a website effective:
    • Best Overall
    • Best Design
    • Best Community
    • Best Mobile
    • Best Property Detail
    • Best Video

    In the RealTrends 2021 Website Rankings, The Jills Zeder Group’s website ranked highly in several categories, including #3 in Best Overall, #2 in Best Design, and #1 in Best Mobile.

Why a RealTrends Ranking is Significant

In real estate, recognition from RealTrends is considered a badge of honor and an affirmation of a Realtor’s or real estate team’s ability to produce outstanding results. As an independent and unbiased authority in the industry since 1987, RealTrends’ rankings and awards are considered as benchmarks in defining excellence in the industry.

The organization’s ranking programs are participated in by thousands of real estate professionals and brokerage firms from around the country, who have to meet strict qualifications before their entries can be considered. To be ranked by RealTrends means the Realtor or brokerage has truly made it to the top of the heap.

With its #1 ranking, The Jills Zeder Group has achieved a remarkable milestone that speaks to the team’s expertise, dedication, and hard work.

One of the highlights of RealTrends’ The Thousand program is the publication of the results in the Wall Street Journal, giving it an added layer of significance and prominence. In fact, the program is often casually referred to as the WSJ Real Estate Ranking, although WSJ is not involved in the production of the rankings.

Other Achievements by The Jills Zeder Group

In addition to its #1 Ranking by RealTrends, The Jills Zeder Group has been recognized by other prestigious organizations and publications in 2021.

  • The #1 Team for Coldwell Banker RealtyIn March, 2021, Coldwell Banker Realty named The Jills Zeder Group as the firm’s number one top-performing large firm nationally in 2020, outperforming more than 96,000 Coldwell Banker sales professionals. The group was also named the #1 Coldwell Banker Realty Team, besting more than 45,000 sales professionals, and the #1 Team within Coldwell Banker Florida.The team got the top spot for the second year in a row, coming in on the back of their outstanding sales achievement of over $6 billion for 2020.

    Along with this, the group also earned the Society of Excellence designation, which is given to the top 1% of Coldwell Banker sales agents throughout the country.

  • Variety’s Showbiz Real Estate Elite 2021The iconic entertainment magazine Variety has named Jill Eber, Jill Hertzberg, and Judy Zeber among its Showbiz Real Estate Elite – a designation given to the top performing real estate professionals who count showbiz celebrities and business leaders among their clients.
  • SFBJ’s 2021 Power Brokers in Real Estate
  • South Florida Business Journal - Meet 2021 Power BrokersThe South Florida Business Journal has once again included Jill Eber, Judy Zeder, and Jill Hertzberg in its annual list of residential Power Brokers throughout Miami-Dade, Broward, and Palm Beach counties, citing The Jills Zeder Group’s outstanding sales achievement.

In addition, the agents at The Jills Zeder Group have been featured in numerous publications, TV shows, podcasts, and other far reaching venues, where they shared their expert industry insights and formidable market knowledge. You can find them individually or collectively in widely-circulated magazines, newspapers, and TV shows, including The Wall Street Journal, South Florida Business Journal, The Real Deal, Forbes, Modern Luxury, and so much more.

High-Profile Luxury Sales

The Jills Zeder Group also brokered a number of high-profile and record-breaking sales in 2021, further boosting their reputation as the go-to real estate powerhouse in Southern Florida.

These are just a few of their noteworthy accomplishments:

Partner with the #1 Real Estate Team in the United States

Together, merging their traditional expertise and contemporary outlook, The Jills Zeder Group continues to receive the highest rankings and accolades from around the globe, the U.S., Florida, and various cities. The Jills Zeder Group is — quite simply — an intergenerational formula for success.

A luxury home in Miami-Dade County is one of the biggest investments you can ever make. Don’t leave the success of such a major undertaking to chance. Partner with The Jills Zeder Group and get peace of mind knowing you’re working with the best of the best.

Call the team today at 305.722.5721 (Coral Gables) or 305.341.7447 (Miami Beach). You may also send an email to cg@jillszeder.com (Coral Gables) or mb@jillszeder.com (Miami Beach), or leave a message here.

 

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Lockheed Martin Skunk Works®  Top Gun – The Need for Speed
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Lockheed Martin Skunk Works®  Top Gun – The Need for Speed

Top Gun – The Need for Speed

Lockheed Martin Skunk Works® thrives on tackling seemingly impossible work, developing technologies for tomorrow’s challenges before the need is even identified.

From creating radar evading stealth capabilities to X-planes that redefine the sonic boom to many revolutionary technologies in between, Skunk Works has a long tradition of quickly developing enduring innovation for when it’s needed most.

When the Top Gun: Maverick team was looking to push the envelope and stand true to Maverick’s Need for Speed, Skunk Works was their first call. With the Skunk Works expertise in developing the fastest known aircraft combined with a passion and energy for defining the future of aerospace, Darkstar’s capabilities could be more than mere fiction. They could be reality…

www.lockheedmartin.com

 

 

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Meet the 60+ companies exhibiting at our upcoming EU-Startups Summit on May 12-13 in Barcelona!

Meet the 60+ companies exhibiting at our upcoming EU-Startups Summit on May 12-13 in Barcelona!

This year’s EU-Startups Summit is finally going to happen next week in Barcelona! Connecting many of Europe’s most promising founders, exciting startups, top investors and the wider European startup community, we’ll have two days of networking, inspiration and learning carefully curated for you. There will be interesting fireside chats, insightful keynotes, an exciting pitch competition and so much more!

This year’s EU-Startups Summit will also be full of amazing exhibitors. From pet food to banking, these are the 60+ companies you should be looking forward to meeting in our exhibition area at the EU-Startups Summit! So, what are you waiting for? Get your ticket today.

Without further ado, below we’re introducing you to this year’s fantastic exhibitors:

TheGestor® logoThe Gestor: The Gestor is an easy-to-use app for the creation of invoices, receipt of payments, and taxes in real-time. The Gestor App is everything you need as an entrepreneur. The Gestor is based in Madrid & founded in 2019.

NCompass International logoNcompass: Builds bespoke software/products from the ground up! Effectively blending design thinking, great product engineering, customer centricity, and sound analytics. This way you can rapidly grow startups and scale-ups. Ncompass has operations in US, Europe and India & was founded in 2003.

Jetveo logoJetveo: The Jetveo Platform and App Builder combine an intuitive user interface with the power of C# to empower developers to quickly and efficiently provide business solutions to their customers. Jetveo App Builder streamlines everything from idea to launch. Jetveo is based in Brno & founded in 2016.

Kernel Edge: Kernal Edge is a software suite for Modern Fintechs. They’re here to help you accelerate your journey to market and beyond. They’d love to know where you currently are in your journey to see where they can help you advance, whether that be building technology solutions or partnering to invest. Kernel Edge is based in London & founded in 2020.

TeQatlas logoTeQatlas: TeQatlas is the first-on-the-market platform that enables founders and investors to find each other easily, managing capital and networks in one place. TeQatlas is based in Zurich & was founded in 2019.

Treezor logoTreezor: Treezor is an independent provider of outsourcing and white label solutions for electronic payments. Founded in Paris, Treezor owns a European License and is one of the approved suppliers for MasterCard® Prepaid. As an e-money issuer and a payment institution. Treezor is based in Paris & was founded in 2016.

Envite logoEnvite: Envite is an all-in-one powerful web platform that enables individuals to sell & manage any online service at the click of a button. Through their platform, you can launch, manage, and market your skills with ease and effortless professionalism. Envite is based in Tel Aviv & was founded in 2020.

Sastrify logoSastrify: Sastrify is a virtual Software-as-a-Service procurement service, helping finance and tech teams to optimize the management and cost of SaaS tools in digital-first companies. Their team brings transparency to your existing setup, gets rid of underutilized licenses, and negotiates with your suppliers to get the best deals for you. Sastrify is based in Cologne & was founded in 2020.

Grace Denker Gallery: Grace Denker Gallery is a contemporary art gallery featuring authentic artworks and staging exclusive art events in the heart of Hamburg. It was founded in 2015 with the intention of supporting national and international artists. The gallerist is a successful entrepreneur who runs a school and several other projects in Germany.

Tourisfair: Tourisfair is creating something amazing to reactivate the travel industry and to offer travellers a useful tool that will increase your experience when planning, so that the next time you travel, you will really enjoy and visit the trip to the fullest. Tourisfair is based in Saarbrücken & was founded in 2020.

KOOHOO logoKoohoo: KOOHOO is based on matchmaking technology, which brings tailor-made accommodation and recreational offers directly to traveller’s phones. KOOHOO differs from any other travel platform where the traveller has to manually search to find offers. Koohoo is based in Tallinn & was founded in 2020.

Tennders logoTennders: Tennders is a European digital freight platform that simplifies the way shippers, carriers, and brokers connect. With a multicultural team of experts in inland freight transport. They are leveraging their team’s extensive knowledge, supported by their platform to provide an effective and great service to Tennders customers. Tennders is based in Barcelona & was founded in 2021.

Ad Up logoAdUp: AdUp ensures that your checkout will perform better. They do this through their fast checkout, but also a full hosted checkout. AdUp shortens the purchase process from an average of 3-5 minutes to 15 seconds, this results in ease of use and more orders! AdUp is based in Amsterdam & was founded in 2019.

Ipriq: Ipriq secures your brand. The IP law experts help you discover, identify, protect, manage, enforce, develop and leverage intellectual property, including trademarks, designs, patents, copyright, and domain names.

Monicont Technology: Monicont offers hardware and software solutions to its own portfolio of institutions, adding strength to the information sector, and is still moving towards its targets with strong, dynamic, professional, young staff. Monicont is based in Enschede & was founded in 2017.

Skorebee logoSkorebee: Based in Prague, Skorebee helps you explore and improve your social media image based on how you want to use social media and gives you a leaderboard to see where you rank amongst your friends, peers, and other social media users. The company was founded in 2017.

quizdom™ logoQuizdom: Play one against one, battle other players to discover if you are the fastest and smartest! The Athens-based development team has years of experience in mobile game development, and the entire team is dedicated to creating the very best experience in trivia gaming.

Lylu logoLylu: Lylu is improving the lives of millions of people by empowering them with technology. Founded in Darmstadt in 2020, the Lylu Tablet is the easiest and most effortless way for seniors to get online. At their heart is Lylu’s senior-friendly software.

Beyond logoBeyond Pricing: Beyond is the #1 Revenue Management Platform for short-term rental owners and managers to get, grow, and keep revenue. Their easy-to-use platform includes a dynamic, demand-driven pricing tool with extensive market data that pairs with OTA distribution and a best-in-class booking engine. Beyond is based in San Francisco & was founded in 2013.

Decarbonify: Based in Oslo, Decarbonify is an ESG-as-a-Service Data Platform, designed specifically for climate risk reduction and optimizing ESG opportunities. They bridge science-based ESG data and Business through their Decarbonify ESG-as-a-Service Digital Infrastructure.

XMED iQ - International Group logoXMED iQ: XMED iQ aggregates large volumes of medical device orders from hospitals through their fully-integrated sourcing platform, then puts these never-before-seen volumes out to tender across Europe. XMED iQ is based in London & was founded in 2021.

FLEXXI logoFLEXXI Care: The app connects families in need of respite care with safe and affordable caregivers for home care provision at the required time. FLEXXI users don’t need to have long-term obligations or a contract with a caregiving company. FLEXXI Care is based in Munich & was founded in 2020.

iPlena: Based in London, iPlena was born in 2021 with the aim to improve our daily postures. Using mobile body scanning algorithm for tailored osteopathic training, the startup is offering tech that rewires the central nervous system.iPlena is based in London & was founded in 2021.

GlucoActive Sp. z o.o. logoGluco Active: This Warsaw-based company offers a wearable device for non-invasive measurement of blood glucose concentration using spectrophotometric methods. It is intended for diagnostic, prophylactic purposes, in the process of diabetes treatment and control, and for sports applications. Gluco Active is based in Warsaw & was founded in 2019.

MEGI: Founded in Croatia in 2021, Megi is a virtual cardiovascular care assistant that aims to give patients back their confidence, quality of life and peace of mind. The innovative product combines clinical expertise with behavioural science and AI to enhance engagement between doctors and patients, and personalize care.

chartok logoChartok: Chartok, based in Barcelona, is developing a staff collaboration software to enable hotels to transform their internal processes into automated workflows with (RPA) Robot Process Automation. Founded in 2018, Chartok connects all hotel team’s tasks, docs, contacts, handbooks, apps, and suppliers together to be more connected, profitable, and productive through internal collaboration.

Type Studio logoType Studio: Type Studio is an online text-based video&audio editing tool that takes your content creation to a new level of simplicity. The Berlin-based company helps users to spend less time creating beautiful content and has been doing so since 2020.

Goto-Sportwear: Goto makes ecological, regenerated harnesses from marine plastic waste collected from the oceans. In their manufacturing process, Goto uses materials such as regenerated fishing nets and plastic bottles. Goto is currently based in Espoo & was founded in 2020.

CoachHub - The digital coaching platform logoCoachHub: CoachHub is the leading global talent development platform that enables organizations to create a personalized, measurable, and scalable coaching program for the entire workforce, regardless of department and seniority level. The Berlin-based company’s co-founder, Yannis,  will also be joining us to give a talk on how to ensure employees feel valued.

Fish&Burger logoFish&Burger: Fish & Burger works with a network of digital specialists who help customers’ online activities to grow exponentially. The Dutch firm’s approach is aimed at utilizing the growth potential of their customers. Founded in 2021, they do this by taking on the challenge together with the best specialists in the market. Find out about how they scaled BlaBlaCar here.

6Minded logo6minded: Polish firm 6Minded is a team of experts on a mission to fuel your inbound marketing. They believe that inbound marketing is powerful, but it’s not for every company. Founded in 2013, the company establishes inbound marketing strategies specific to different needs.

sun_logo.pngSolea: Solea embodies the tasteful ideals of the Mediterranean in a Hard Seltzer; it is refreshing, all-natural, and effortlessly cool. Solea has it all – the guilt-free alcoholic option, great taste and low calories. It’s bound to be sunny in Barcelona, so why not give it a try?

Futura Vive:  Based in Madrid, Futura Vive is developing and distributing robots for the hospitality, health, restaurant and retail sectors. The company was founded in 2007 and is using AI to develop the assistants of the future. Futura Vive counts global brands like Repsol, Accenture  and Volkswagen as clients.

Economic AcceleratorEconomic Accelerator: The Economic Accelerator is a program of the Institute for Eastern Studies Foundation – the organizer of the Economic Forum, which has been creating the largest business and political conference in Central and Eastern Europe for 30 years. Based in Warsaw, the mission is to build a place of dialogue for representatives of major businesses, experts, government administration and startups. Economic Accelerator will be exhibiting with two projects:

The Małopolska Innovation Rocket:

Score Digital: Founded in 2019, Score Digital supports market challengers by delivering end-to-end digital product development services, helping companies transform powerful ideas into game-changing products.

Medical Simulation Technologies: This Polish startup is an innovative startup developing and implementing medical simulations for teaching medical personnel. The aim is to use tech to advance medical specialism.

Versatilex: Versatilex is a Polish startup in the automation machinery and manufacturing sector. It was founded in 2015.

The Dolnośląskie Innovation Rocket:

Robotivity: Founded in 2018, Robotivity is a team of creative and innovative developers that offer consulting in the area of process improvement and automation.

Nsflow: Offering an all-in-one platform enabling users to design and deploy AR applications, Nsflow was founded in 2018 with the goal to o transform the process of creating AR applications by moving it from the sphere of customized services to DIY zone.

Qualpro: Traveltech startup Qualpro is working to support hospitality businesses with proRMS – an intelligent and intuitive Revenue Management System.

Commit Global logoCommit Global: CGT Commit Global Translations is a leading language services provider founded in 1997. Today, with offices in Europe and the United States, Commit Global helps corporations around the world deliver their products, and services as well as market their brands in the local language. You can find out more about their support in scaling internationally here.

Intergiro logoIntergiro: Whether you are automating your business finances or providing banking services to your customers, Intergiro’s APIs give you the financial toolkit to build, adapt and thrive. Intergrio is a Stockholm-based company, founded in 2014, and growing fast.

Camaloon logoCamaloon: A Barcelona-based company, Camaloon’s vision and ambition are to make possible the customization of any product in any possible technique as well as deliver it in the fastest time and highest quality.

CometChat logoCometchat: CometChat empowers developers to quickly add text, voice, and video chat to their websites and apps. Its customers are in the virtual event, telehealth, EduTech, marketplace, and on-demand industries and use CometChat for it’s secure, scalable, and easy-to-use platform.

Swan logoSwan: Swan is a Paris-based firm that offers an embedded finance platform. Via Swan’s simple APIs, European companies can integrate banking services (accounts, cards, and IBANs) quickly and easily into their own product. Founded in 2019, the innovative company is providing super-smooth user experiences.

Nebeus logoNebeus: Nebeus is a Barcelona-based cryptocurrency app and desktop platform that allows people to secure loans using their digital assets as collateral, as well as exchange, earn and securely hold their crypto in insured cold storage vaults.

Deel logoDeel: Deel is a global payroll solution that helps businesses hire anyone, anywhere. Using a tech-enabled self-serve process, you can now hire independent contractors or full-time employees in over 150 countries, compliantly and in minutes. Today, Deel, based in California, serves 4,500+ customers from SMBs to publicly traded companies.

Safeguard Global logoSafeguard Global: Safeguard Global is a future of work company that helps workers and companies thrive in the global economy. Backed by a data-rich technology platform, local expertise, and industry-leading experience, Safeguard Global provides end-to-end solutions to manage people and scale operations. With Safeguard Global, organizations can recruit, hire, operate and pay anywhere in the world, no matter where they are in their growth journey.

EUSPA - EU Agency for the Space Programme logoEUSPA: The EU Agency for the Space Programme (EUSPA) provides safe and performant space services, enabling synergies, EU innovation, sustainability, and security. EUSPA’s core mission is to implement the EU Space Programme and to provide reliable, safe and secure space-related services, maximising their socio-economic benefits for European society and business.

Amazon Business logoAmazon Business: Founded in 2015, Amazon Business simplifies the purchasing process to make it easier for its customers to get the products they need. They solve for its customers’ unmet and undiscovered needs — continuously expanding their selection and adding relevant new tools and features.

SafetyWing logoSafetyWing: The Californian company SafetyWing is building the first global safety net for remote companies, remote workers, and nomads worldwide. Their products are built and designed by a fully remote team of nomads distributed across three continents.

Freshworks logoFreshworks: Founded in 2010, Freshworks Inc., (NASDAQ: FRSH)  on a mission to empower the people who power business, making it fast and easy for companies to deliver top-notch customer service and have high-ranking levels of employee satisfaction. The company builds tech that works for everyone, making it easy for IT, customer service, sales, marketers and HR to do their job. Find out about the exclusive benefits of the Freshworks for Startups program for EU-Startups members, and also check out John Crossan’s talk during the summit.

Silicon Castles: Silicon Castles is a tech company builder and strategic business accelerator that focuses on “European Diamonds” – tech startups that have a unique business idea solving a real problem, use scalable tech and outstanding intellectual property. The aim is to help European startups make the leap from having great tech and talent to becoming global success stories. The team will also be giving a masterclass on how to go from idea to global success.

Webex: Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, and customer experience solutions like contact center and purpose-built collaboration devices. Webex is based in California & was founded in 1995, the company ahs been paving the way in providing devices that are making the new world of hybrid work, work.

Dassault Systems: Dassault Systems, the 3DEXPERIENCE Company, is a catalyst for human progress. Dassault provides businesses and people with collaborative 3D virtual environments to imagine sustainable innovations. They have worked with hundreds of startups to support their dreams and help them scale-up and launch innovative and disruptive products onto the global market. Fundamentally, Dassault Systemes believes that the only progress is human, and startups are pivotal to driving it forward.

Marketer Hire: Headquartered in California & founded in 2018, the mission is to connect top marketing talent with experience from global brands and hot startups with businesses quickly and seamlessly. Marketer Hire provides the fast, easy way to get access to the world’s best marketers. Its recent launch into Europe means you now have on-demand access to its global network of expert, pre-vetted marketers with zero financial risk and full flexibility.

Nestle Purina: One of the world’s most iconic pet brands, Purina knows that many of us are pet owners, and the people working at Purina are pet owners themselves, that is why they know firsthand how important pets are in people’s lives. They are committed to creating nutritious foods that will keep cats and dogs of all ages happy, healthy, and content. Unleashed, powered by Purina, is the startup accelerator fueling pet tech and pet care innovation – we’ll have a dedicated pet tech session at the summit as well!

Petopy logoPetopy: Petopy is a London based startup that provides stress-free at-home veterinary services and telehealth services to pet owners With Petopy, your veterinarian is always with you – whether you want to make a video call or have your veterinarians visit you at home.

ROCKETO logoRocketo: ROCKETO is a pet food innovator, closely mimicking how a dog might eat in the wild. It is entirely free of toxins and made by using ingredients only in their natural form – as supplied by Mother Nature since the dawn of time. Rocketo is based in London & was founded in 2017.

Doggies in Town logoDoggies in Town: Doggies in Town is an all-in-one app for dog owners to easily find dog-friendly places, dog products, dog services, activities, events, and direct booking to pet services. Doggies in Town is based in Malaga & was founded in 2020, helping pet owners enjoy more recreational activities with their fur babies.

HiPets logoHiPets: For all busy but loving and caring pet parents, Warsaw-based HiPets is creating a mobile and web app that enables instant booking for all pet-related services – starting with a vet and ending up with pet sitting. Founded in 2020, we put them on our list of Polish startups to watch this year.

Animoscope logoAnimoscope: Animoscope is a telehealth service provider for pet owners, specializing in generating and exploiting data. The company empowers pet owners to make the right decision by making complex medical things easy to interpret. Animoscope is based in Paris & was founded in 2019.

Kibus Petcare logoKibus Petcare: Kibus Petcare meets the nutritional needs of pets through technologies that allow a tastier, healthier, and more natural diet. With Kibus, which is based in Barcelona, customers receive a robotic food dispenser and monthly packets of pet food.

Dogo - your dog's favourite app logoDogo: Dogo is a mobile app for dog training. The Berlin-based company wants to make dog training easy, fun, affordable, and social. Since 2016, its app offers daily training that helps you teach your dog new tricks, and skills and spend quality time together.

InterPets logoInterpets: Based in Munich, Interpets is on a mission to help us understand our pets. Founded in 2020, its tech helps us to become better pet parents by improving your understanding of your pet’s emotions, behaviours, and health.

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Satoshi Island is now ready to be developed into a real-world crypto economy and blockchain based democracy

Satoshi Island is now ready to be developed into a real-world crypto economy and blockchain based democracy

Satoshi Island is a 32 million square foot private island, located in the tropical paradise of Vanuatu, tucked between Australia and Fiji. The island, which is owned by Satoshi Island Holdings Limited, is intended to become home for crypto professionals and enthusiasts, with a goal to be considered the crypto capital of the world. After years of preparation, a green light from the Vanuatu Prime Minister and Minister Of Finance and all approvals in place, Satoshi Island is now ready to be developed into a real-world crypto economy and blockchain development based democracy.

Own a real piece of the island

Turn your crypto into a physical asset with Satoshi Island NFTs

Island design & development

The master planning and development process is provided by world renowned architectural firm, James Law Cybertecture.

jameslawcybertecture.com

Modular development is the future of city building, instead of decades they will be completed within a few short years” – James Law 2010

Made for the crypto community

Satoshi Island is poised to become the crypto capital of the world, intended to bring together thousands of crypto professionals and enthusiasts worldwide.

Continue Reading

Continue reading to learn more about how Satoshi Island will serve the crypto community.

Advanced NFT Security

As Satoshi Island is a real place and what holders do with their NFTs effect the future of the island, owning a Satoshi Island NFT requires a level of responsibility not usually associated with NFT ownership. With this in mind, Satoshi Island NFTs come with additional security features to help keep them in the right hands in the event of unforeseen circumstances.

Public Opening
Q1 2023

Building Homes in Metaverse

With infrastructure and module installation complete on at least one area of the island, home owners will be able to begin residing on the island or renting out their homes to short and long stay visitors.

Opportunities for you and your business

Crypto Projects
Satoshi Island has vast amount of land reserved for projects interested in setting up a base on the island. Companies of all sizes are welcome and we have dedicated co-working space to suit start-ups, all the way up to entire campuses where large projects can build satellite offices, company retreats or even permanent headquarters.
Individuals
Anyone can own a piece of Satoshi Island by purchasing Land NFTs. Buy a whole block and build a property for yourself or for rental purposes, or buy with others and decide together what to do with the block. Share usage with your co-owners and enjoy time on the island or lease out your property to other Satoshi Islanders… The choice is yours!
Blockchain Events
Satoshi Island is the perfect place to hold blockchain events and has ample space to host them. Organizers who wish to make Satoshi Island their venue of choice will benefit greatly from the targeted community on their door step. Whether a new or existing event, Satoshi Island provides a setting like no other.

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What is the minimum down payment for a house?

What is the minimum down payment for a house?

Why you can trust Bankrate

While we adhere to strict, this post may contain references to products from our partners. Here’s an explanation for how make money

If you’ve been dreaming of becoming a homeowner, one big concern may be weighing on you: coming up with the minimum down payment for a mortgage.

The median existing-home price was $352,800 in September 2021, according to data from the National Association of Realtors, and that number seems poised to jump even higher due to a hot housing market and low inventory in many parts of the country. However, you don’t have to let the asking price scare you away from looking at mortgage rates. Depending on the type of mortgage you choose and your willingness to pay for mortgage insurance, you may be able to buy a home with a small upfront down payment.

Let’s take a look at how much you really need in order to stop renting and start building equity in a home.

What is the minimum down payment for a house?

A down payment is the amount of money you contribute towards the purchase of a home. Think of it as the amount you initially put up as your share of ownership. The higher your down payment, the less you’re asking to borrow — and the lower your monthly payments will be.

Lenders require a down payment for most types of home loans, but there are exceptions for certain types of buyers. Here are the basic down payment requirements for various types of mortgages:

Loan type Minimum down payment
Conventional loan 3%-15% depending on lender and loan
Jumbo loan 20% or more depending on lender
FHA loan 3.5%
VA loan None required
USDA loan None required

Conventional loans follow guidelines set by Fannie Mae and Freddie Mac, but lenders can have their own requirements above those standards, as well. There are conventional loan options that require a down payment of as little as 3 percent, but many lenders impose a 5 percent minimum. If the loan is for a vacation home or a multifamily property, you could be required to put down more, generally 10 percent and 15 percent, respectively.

Jumbo loans, which exceed the loan limits set by Fannie Mae and Freddie Mac, tend to require a higher down payment than other kinds of mortgages. These are larger sums, hence the “jumbo” name. The minimum is usually determined by the individual lender, but it can be 20 percent, 25 percent, 30 percent or more.

FHA loans, backed by the Federal Housing Administration, are available for as little as 3.5 percent down if the borrower has a credit score of at least 580. If the borrower has a lower score (500-579), the minimum down payment is 10 percent. FHA loans have other costs, though, including an upfront mortgage insurance premium and mortgage insurance throughout the life of the loan. One option to note: If you have a low credit score today, you can consider taking out an FHA loan and refinancing into a conventional loan when your credit improves down the road.

VA loans, which are available to active-duty military, veterans and eligible surviving spouses don’t require a down payment. USDA loans also don’t require a down payment, but the borrower needs to be buying in a designated rural location to qualify. There are other fees to consider with these government-backed loans, including a VA funding fee and an upfront fee of 1 percent of the loan amount with USDA-backed mortgages.

Average down payment for a house

Now that you have an understanding of the minimum amount for a down payment, you might be thinking about another question: How much is the average down payment for a house? The most recent data from the National Association of Realtors shows that the average homebuyer makes a down payment of 12 percent. However, to get a closer look at typical down payments, consider what different types of buyers can afford.

First-time homebuyers: 75 percent of first-time homebuyers do not put down 20 percent. In fact, the average first-time homebuyer puts down just 6 percent of the purchase price.

Current homeowners: For those who aren’t new to buying a home, the average down payment is higher: 16 percent of the purchase price.

Cash buyers: Some new homeowners with deep pockets don’t bother putting down a fraction of the purchase price. Instead, they pay for the entire property with an all-cash offer. In September 2021, the National Association of Realtors reported that 23 percent of all home purchases were cash sales.

Debunking the 20 percent down payment myth

You may have heard that 20 percent is the required minimum, but that’s not the case. Twenty percent is simply how much you need in order to avoid having to pay extra for mortgage insurance. The insurance is to protect the lender — since you’re borrowing more money with less down, you pose a bigger risk.

The reality is that as home prices continue to rise, many homebuyers can’t afford to put down 20 percent. In fact, 49 percent of all buyers put down less than 20 percent, according to the most recent data from the National Association of Realtors.

If so many are buying homes with smaller down payments, where did the 20 percent down payment myth come from? It’s most likely based on Fannie Mae and Freddie Mac guidelines. To qualify for a guarantee from either of these entities, a borrower needs to either put 20 percent down or pay mortgage insurance.

Is it worth putting down 20 percent?

So, you don’t have to put down 20 percent, but should you? That answer depends on a number of factors, but the most important is your own bank account. If you are sitting on plenty of cash and putting down 20 percent won’t stress your finances, it’s a good move to avoid costly mortgage insurance payments.  However, if a 20 percent down payment will drain most of your bank account, you’ll want to think twice. Homeownership comes with loads of other expenses, and you need to be prepared for potential emergencies, too. If that means paying mortgage insurance for a while, that’s okay.

Consider some of the pros and cons about hitting the 20 percent threshold:

Down payment less than 20 percent

Pros

  • Stop renting sooner
  • Start building home equity now
  • Maintain more cash in your reserves
  • No mortgage insurance requirement
  • Lower borrowing amount means lower interest total over the life of the loan
  • Potential for lower monthly payments
  • Will qualify for better interest rates

Cons

  • Mortgage insurance payments
  • Potentially higher interest rates
  • Will not be able to buy a more expensive property
  • Larger loan balance means more interest over the life of the loan Cons
  • May drain a large chunk of your savings
  • May need more time to save enough to hit the magic 20 percent marker, which means delaying ownership

Down payment 20 percent or more

Pros

  • No mortgage insurance requirement
  • Lower borrowing amount means lower interest total over the life of the loan
  • Potential for lower monthly payments
  • Will qualify for better interest rates

Cons

  • May drain a large chunk of your savings
  • May need more time to save enough to hit the magic 20 percent marker, which means delaying ownership

What does a 20 percent down payment look like?

If you’re trying to determine what a 20 percent down payment will mean for your finances, the answer depends on where you’re looking to buy. Home values vary across the country, which means that saving up 20 percent of the purchase price in one city will be a lot easier (or harder) than in another area of the country. Consider the differences among these three markets, based on homes values in the middle of 2021:

Cedar Rapids, Iowa

  • Median home value: $188,400
  • 20 percent down payment: $37,680

Phoenix, Arizona

  • Median home value: $408,700
  • 20 percent down payment: $81,740

San Francisco, California

  • Median home value: $1,385,000
  • 20 percent down payment: $277,000

How much should you put down on a house?

It’s important to understand how much the down payment for a house will impact your payments. Consider a $300,000 home and a 30-year fixed mortgage with a 3.2 percent interest rate with different down payments:

Home price Down payment Amount borrowed Monthly mortgage payment (principal and interest)
$300,000 5% ($15,000) $285,000 $1,232
$300,000 20% ($60,000) $240,000 $1,037

The monthly mortgage payment above doesn’t include homeowners insurance, property taxes, and, for the 5 percent down payment scenario, mortgage insurance. That cost will vary, but consider an estimate from Freddie Mac that pegs monthly premiums for the above loan at $274. Making a 20 percent down payment means you won’t have to pay this added cost.

There’s another way to look at things, though. The premiums you have to pay on private mortgage insurance for a conventional loan are cancelled once you build 80 percent equity in the property. So, dealing with that extra cost temporarily can mean the difference between continuing to rent and buying your own place. Paying an extra fee is never fun, but it helps get you in a home of your own much faster.

Another important consideration: A higher down payment can get you a lower interest rate, further saving you money each month. We didn’t account for that in the example here, but it’s one more reason why a larger down payment can be beneficial.

As you think about how much to put down on your house, consider these key factors before settling on an amount:

  • Your emergency savings fund. If a crisis hits the week after you close on your home — say losing your job or receiving an expensive medical bill — will you have enough liquid savings to weather the storm? Additionally, you may have other emergencies related to the home. What if you buy it this fall and the furnace goes out this winter? Can you afford to repair it?
  • Your other monthly bills. What else are you paying for each month? Your car loan, phone service, groceries — none of these will disappear after you buy a home. Compare different down payments to get a sense of how it will impact your monthly mortgage bill and budget appropriately to make sure your income can continue to cover all of the essentials along with it. As a general rule, your monthly housing expenses should be 28 percent or less of your monthly income. For example, if you make $4,000 each month after taxes, you should aim to pay no more than $1,120 for your housing costs.
  • Your closing costs. In addition to a down payment, you’re going to need to cover closing costs, a range of fees associated with your mortgage that typically total 2 percent to 4 percent of your loan principal. Make sure that you have these funds set aside before determining your down payment.

You can use Bankrate’s down payment calculator to understand how different amounts will impact your bottom line. If you can afford a bigger down payment, remember not to stretch yourself too thin. You want to be able to enjoy living in that new house without depleting your entire savings and stressing about your finances.

How to save for a down payment

Regardless of what percentage you’re aiming to hit – 3 percent of the purchase price or 20 percent – you’ll need to put a plan in place to set aside that money. Here are some tips to focus on building up your down payment funds:

  1. Start immediately. Even if you’re still comparing mortgage offers and determining how much you really need, earmark savings specifically for your new home as soon as possible.
  2. Identify what to cut. Analyze your bank statements from the past few months to get a sense of where you can reduce spending and accelerate your savings. What can you cut? Can you eliminate some of your entertainment services?
  3. Open a separate savings account. Keeping your down payment money with your other savings could tempt you to spend it elsewhere, so consider opening a separate account specifically for your home purchase. If you can, set up regular automatic deposits from your paycheck to your savings account so you’re more likely to stick to your savings plan.
  4. Make a timeline. Once you know how much you need, look at how much you’ve already saved, and determine a timeline for when you want to achieve your savings goal. For example, if you want to save $20,000 in five years, you’ll need to save $4,000 per year, or $333 a month. You can also work the other way around and determine how much you can save each month by looking at your budget, and using that information as your timeline. Be sure to remember that home prices will be different in the future, too. They’ve been rising at a record pace recently. So, 10 percent of the median home price today may not hit that mark in three years.
  5. Research assistance programs. You might be able to save less or buy a home sooner if you qualify for down payment assistance. The federal government and local and state governments, as well as nonprofit organizations, offer these types of programs to help make homeownership more affordable. They tend to be directed toward moderate- to low-income buyers who are purchasing their first home, but there are some options for repeat buyers, as well. Some even help public service workers, such as firefighters and teachers, buy a home in the communities they serve.

Down payment FAQs

Still searching for the right answers to decide how much to save for a down payment? These frequently asked questions can point you in the right direction.

How can I avoid PMI without putting 20 percent down?

No one wants to pay extra for mortgage insurance. If you’re putting down less than 20 percent on a conventional loan, there are a couple of options. The first is lender-paid mortgage insurance, which – as it sounds – puts the lender in charge of covering those mortgage insurance premiums. However, you will still pay in the form of a higher interest rate. You’ll need to calculate what’s better for your budget: paying the PMI yourself or finding an LPMI option.

The second option for avoiding PMI is an 80/10/10 loan, which is commonly called a piggyback loan. In this situation, you can put down 10 percent and take out two mortgages. One will cover 80 percent of the purchase price, and the other covers 10 percent. You’ll never see a line item for PMI, but you will be paying back two mortgages with two sets of interest charges. You’ll also pay two sets of closing costs to cover both loans.

What’s more important: Your down payment or mortgage payment?

You might be wondering what matters more – your upfront payment or your monthly financial obligation on a home. The reality is that they are both important, and one impacts the other. The more you can put down, the smaller your monthly payments will be. However, making a small down payment isn’t necessarily a bad move. While you’ll need to spend time saving up for that big down payment, that’s a one-time cost. Your mortgage payments are going to happen every month – perhaps for the next 30 years. So, do the math to make sure you can afford that recurring bill while paying other bills and saving for the future.

Can I use a gift for a down payment?

If you can’t come up with all the money for a down payment on your own, but you have a really great person in your life who wants to help you out, you’re in luck: You can accept a financial present from someone else. However, who can give that money to you depends on the type of loan. For conventional loans, it will need to be a family member. For FHA loans, there is a bit more flexibility to use gift funds from friends, labor unions and even employers. Regardless of your loan, getting a gift isn’t as simple as cashing a check. Be sure to read the rules for using gift funds for your down payment before receiving any money.

Can a lender or seller contribute to the down payment?

One party that cannot be part of a “gift” for a down payment is the seller. They qualify as a person with a vested interest in selling the house, which excludes them from being able to write you a check. They can, however, make concessions or offer credits (typically limited to a fraction of the sales price) at closing in designated amounts to cover specific items such as repairs on the property.

Lenders can play a role in helping certain borrowers – often those who qualify as low- to moderate-income – get to the finish line via down payment grant programs and lender credits that help offset closing costs. Not every lender offers down payment assistance options, so you’ll want to ask about availability as you compare loan programs.

How does down payment affect LTV?

You’ll see a lot of acronyms when you’re trying to buy a house, and one of the most important is LTV, which stands for loan-to-value ratio. Your down payment sets your initial LTV. For example, let’s say you’re planning to put $20,000 down on a house that has an appraised value of $200,000. In this case, your LTV would be 90 percent. You’re borrowing $180,000 – 90 percent of the home’s total value. As you make monthly payments and build equity, your loan-to-value ratio will change. Once your LTV hits 80 percent, it means you have 20 percent equity and the ability to cancel private mortgage insurance on a conventional loan.

Bottom line

Don’t let the 20 percent down payment myth prevent you from becoming a homeowner. Although some loans may charge higher interest rates if you put down less than 20 percent, and you may need to pay mortgage insurance, that extra cost can be worth it to get you on your way to building equity in your own home.

 Written by  David McMillin

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