Buyers Snapping up Second Homes Unfazed by Threats of Climate Change and Natural Disasters
Sales of vacation homes in the U.S. with risk of flooding rose 45% during pandemic. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Former Baseball Star Asks $3.9 Million for California Ranch
Buster Posey's 106-acre Oroville property is a prime hunting and fishing estate. Read More
SMART HOMES
Smart Outdoor Projectors Perfect for a Summer Movie Night
Turn your backyard or camp site into a cinema with these intelligent entertainment devices. Read More
NEWS BITES
New Zealand's Home Prices Saw Their Biggest Drop Since 2009 During the Second Quarter
New Zealand home prices dropped by 2.3% in the second quarter of 2022, the largest quarterly decline since 2009, according to a report released Tuesday by CoreLogic NZ. Property prices fell in all major markets other than Christchurch, with the national average now at NZ$1.03 million (US$626,366). "Affordability constraints coupled with higher interest rates and tighter lending conditions are likely to keep a lid on housing demand over the coming months and probably until interest rates start to fall again," said CoreLogic NZ head of research Nick Goodall. Bloomberg
Dubai Villa Sells for AED 67 Million
A garden villa on Dubai's Palm Jumeirah has sold for AED 67 million (US$18.2 million), making it the most expensive of its kind ever sold on the palm. The home was purchased by a high-net-worth international buyer who put in an offer after a single viewing, according to agents for the listing. The six-bedroom, 10,000-square-foot home includes a Japanese-inspired Zen garden and Koi fish pond, as well as pools on both upper and lower levels. Khaleej Times
Jane Campion's Former Sydney Estate May Sell for A$30 Million or More
A historic suburban Sydney home known as Greenway has come on the market for the first time in 20 years and is expected to fetch as much as A$30 million (US$20.3 million). Built by architect Leslie Wilkinson, the nearly century-old home was once owned by "Power of the Dog" director Jane Campion, who sold the property for A$4.2 million in 2001. The listing agent, Bill Malouf of Highland Double Bay Malouf, has said that he's received interest above A$28 million for the property and expects it could sell for as much as A$30 million or A$31 million. news.com.au
Amid Forecasts of Inflation, Taiwan's Home Prices Increased in the First Quarter
The home price index from Taiwan's Ministry of the Interior (MOI) rose by nearly 3% between the fourth quarter of 2021 and the first quarter of 2022. The index hit 121.01 in the first quarter, a 9.41% year-over-year increase. A combination of a strong local economy, low interest rates and expectations of inflation have continued to push up prices, according to the MOI. Focus Taiwan
AROUND NEWS CORP
Wales to Cap Number of Second Homes [The Times of London]
Forget the American Dream of a Single-Family Home: These Alternatives Appreciate Faster and Can Cost Less [Realtor.com]
Former Poultry-Business Owner Tommy Bagwell Buys Colorado Property for $39.9 Million [The Wall Street Journal]
Perth, Brisbane, Adelaide the Only Major Capitals to Avoid House Price Falls in the Last Quarter [news.com.au]
