Mansion Global's daily round-up of the latest luxury real estate news from around the world
Mansion Global Daily
 | | The house includes dramatic window walls that look taken from a Mondrian painting, a cinema and writer's studio. Read More |
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| MEMBER MESSAGE: Deloitte |  | Transforming the Future of Tech LeadershipExperienced CIOs explain how fostering adaptability and building business acumen in tech teams can boost business outcomes. Learn More |
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Listing of the day |  | | The renovated main house also has a bubbly tub that's "like taking a bath in Champagne." Read More |
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Designer's Corner |  | | Look to nature for colors and textures to design a soothing, timeless interior. Read More |
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News Bites | Rudy Giuliani Cuts Nearly $1 Million off His New York Home | In a rush to offload his Manhattan home, Rudy Giuliani has dropped the asking price by nearly $1 million. The former New York mayor is at risk of losing the Upper East Side condo, among other assets, to settle a defamation lawsuit filed by two Georgia election workers. Giuliani has been trying to sell the three-bedroom apartment since July 2023, and it's now priced at $5.175 million. New York Post |
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London Rents Surged in September | Rents in London rose 7.7% on a monthly basis in September to an average £2,376 (US$3,149), suggesting renters are returning to the city. However, annual rental growth was at 4.4%, below the countrywide average of 5.3%. Three regions of England saw rents drop drastically, with North East rents down 10.9%, East Midlands down 8.4% and South West down 5.3%. PropertyWire |
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Australian Government Is 11,000 Homes Behind Its Yearly Construction Target | Australia's National Housing Accord has committed to building 240,000 new homes each year starting in July, but just two months in, the federal government "has yet to meet a single National Housing Accord target," according to the Institute of Public Affairs. In August, just 13,991 new homes were approved for build, down from 14,797 approved in July, leaving the government 11,000 homes behind its goal. Domain |
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New Zealand Home Prices Fall at Slower Pace Following Rate Cut | Home prices in New Zealand fell for the seventh consecutive month in September, though at a slower pace following an interest-rate cut from the central bank, according to CoreLogic. Home prices fell 0.5% from August, marking the smallest monthly decline since April. The average two-year mortgage rate dropped below 6% after the rate cut, down from a peak of 7.01% in November 2023. Bloomberg |
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The Brain Drain: Top 5 States Wealthy Millennials Are Fleeing—and Where They're Moving Next [Realtor.com] |
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Tech Titan John Backus Lists Glass Miami House for $15.9 Million [New York Post] |
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