Mansion Global Daily: Lighting Designers Turn to the Sun for Inspiration, Trump-Branded Properties Are Underperforming, and More

Lighting Designers Turn to the Sun for Inspiration

Luxury homes are incorporating fixtures with a glow and temperature virtually indistinguishable from natural light.?Read More

BY THE NUMBERS

TRENDING TODAY

SPRING 2023

Mansion Global Experience Luxury

In the spring issue of Mansion Global Experience Luxury magazine, we take a look at the allure of ranch life and why so many U.S. buyers are heading out West for rustic living.?Read the Full Issue

LISTING OF THE DAY

This Stone House in North Carolina Was Designed to Look Like an Old Irish Church

The three-bedroom home offers 14-foot ceilings, a private courtyard with a pool, a pub room and a wealth of interesting reclaimed materials.?Read More

THE INSIDERS

Foreign Buyer Ban Will Spur the ‘Largest Pent-up Demand for Property in Canadian History’

Luxury real estate marketing executive Jacky Chan discusses the country’s housing outlook and what buyers want right now.?Read More

NEWS BITES

Beachfront Sydney Mansion Sells for A$21 Million

A beachfront mansion in Sydney’s affluent suburb of Vaucluse has sold for A$21 million (US$14 million), about A$3 million above the asking price. The home, which has six bedrooms and seven bathrooms, was owned by Phil Staub, former executive chairman of fashion retailer General Pants, and Jackie Vidor. The couple bought the property in 2006 for A$6.1 million, property records show.?realestate.com.au

Turkish Home Sales Slumped in March; Russians Topped the List of Foreign Buyers

Turkish home sales slumped 21.4% year over year in March to a total of 105,476 houses, with sales to foreign buyers falling 38.7%, according to data from the Turkish Statistical Institute on Monday. Russians topped the list of foreign buyers with 1,075 house purchases in March. Russians were followed by Iranians, Iraqis and Ukrainians among the foreign buyers.?Zawya

Trump-Branded Properties Underperform the Broader U.S. Real Estate Market

Trump-branded properties underperformed the broader U.S. real estate market during the past three years. Between 2019 and 2022, the median condominium sale price across the country rose 38% on average, while properties listed at the Trump Organization declined 14% during the same period, according to market data from Realtor.com and CoreLogic. While the price changes varied across the country, Trump-branded condos did not outperform any of the local markets where they were located.?Realtor.com

Singer Halsey Lists Los Angeles Pad for Nearly $12 Million

Singer and songwriter Halsey is selling her Los Angeles compound for just under $12 million. The 28-year-old singer, known for her hits such as "Alone"?and "Strangers," bought the 5-acre property from Liam Payne of One Direction fame about two years ago for $10.2 million. The compound has seven structures, including a Mediterranean villa-style main residence, a gate house for security guard, a guest house, a detached three-car garage, a pool house, a recording studio and a meditation studio, according to the listing.?Dirt

AROUND NEWS CORP

2023’s Most Coveted Kitchen Is Superexpensive. Here’s How to Get the Look for Less?[The Wall Street Journal]

Scotland’s Rent Controls Deter Major Property Investors?[The Times of London]

No More Waiters Island? Dion Waiters Selling His $18M Florida Home?[Realtor.com]

Lake Macquarie Is Most ‘Desirable’ Location for People Moving out of Sydney?[news.com.au]