Providing Architectural Plans Can Help Market a Teardown to Luxury Buyers
Plans help give buyers a feel for what they can build, fetch a higher price point for sellers. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
On Florida's Gold Coast, a Beachfront Mansion Channels the Italian Renaissance
The Delray Beach residence boasts frescoes and Venetian plaster ceiling treatments. Read More
NEIGHBORHOOD NOTES
Dubai's Iconic Palm Jumeirah Offers Lavish and Ultra-Contemporary Living
The man-made island is filled with endless activities, unparalleled sea views and a permanent vacation lifestyle. Read More
NEWS BITES
International Investment in Australia Drops Amid Border Closures
Foreign buyers have been noticeably absent from Australia's real estate market, a result of the country's Covid-induced travel restrictions. In the 12 months to June 2021, international investment fell to its lowest level in more than 15 years with just 4,384 residential real estate approvals collectively worth A$10.4 billion (US$7.7 billion). Overseas investment peaked in the 2016-17 financial year in Australia, when A$30 billion worth of homes changed hands. WAtoday
The U.K.'s First Net-Zero Home Available to Rent in London
In Camden, London, the U.K.'s first verified "net-zero" home is available to rent for close to £6,000 (US$7,810) per month. The award-winning house, designed and lived in by the late designer and engineer Max Fordham, was awarded the certification earlier this week, and is the first residential property in the country to have done so. It means the four-bedroom house—made with materials including concrete with low carbon cement, timber and cork—has net-zero carbon emissions in both operation and through its construction process. Evening Standard
Home Prices Dropping in Asia's Most Expensive Cities
After explosive growth in 2021, home prices in Asia's most expensive cities are showing signs of slowing, and residential prices across the region are expected to grow at a rate of 3% to 5% in 2022, compared to 9.1% in 2021, according to Victoria Garrett, Asia-Pacific head of residential at Knight Frank. In Hong Kong, values have dropped 7.3% since a record-breaking peak in August, while in Singapore, sales in March declined to their lowest point in 21 months. Business Times
Continued Growth Forecast for Dubai's Luxury Market in 2022
A 10% to 15% annual price increase is expected in prime areas of Dubai in 2022, following a record-setting 30% increase in transactions in January. "Dubai's luxury home market is poised to thrive and continue the high momentum in 2022 as it is supported by rising demand and interest from the international elite," wrote real estate consultancy Zoom Property Insights. The projected growth represents a continuation of strong market performance in 2021, which saw prices in Dubai's luxury sector increase by 40%. Khaleej Times
AROUND NEWS CORP
Bargain Alert! This Spring's Hottest Real Estate Markets Include Some Surprisingly Affordable Places [Realtor.com]
As Mortgage Rates Rise, Home Sellers Fear Time Is Running Out to Cash In [The Wall Street Journal]
Disgraced Socialite Scammer Dina Wein Reis Lists NYC Mansion for $65M [New York Post]
Townhouse: 'Discerning Buyers Wanting More' Target These Homes [news.com.au]
