Mansion Global Daily: Live Like Eloise at the Plaza Hotel, Real Estate Losing Popularity as an Investment, and More
A listing at the New York landmark includes a striped room themed after the children’s book character and fictional hotel resident.?Read More
SPECIAL REPORT
In the scenic birthplace of the sport, the residential sector ‘famously hasn’t fallen in 20 years.’?Read More
LISTING OF THE DAY
The South African home offers a pool, a cinema, an entertainment level and easy access to some of the country’s top beaches and entertainment areas.?Read More
SMART HOMES
Beat the heat without breaking a sweat thanks to these connected units.?Read More
领英推荐
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NEWS BITES
Turkey Home Sales, Especially Those to Foreigners, Sank in April
The number of homes changing hands across Turkey totaled 85,652 in April, a slump of more than 35% compared to the same time last year, according to the Turkish Statistical Institute. Foreign buyers were especially absent from the market, with sales to international investors down 60.3%, the data showed. Of the overseas buyers still present, Russians represented the largest cohort, accounting for 817 purchases in April. They were followed by Iranians, Ukrainians and Iraqis.?Nasdaq
Canada’s Home Prices Are Back on the Up
After slipping last year, average Canadian home prices are back on the rise, having risen by C$100,000 (US$74,314) since January, according to the Canadian Real Estate Association. The average selling price of homes that sold across the country in April reached C$716,000. Following a red-hot market driven by the pandemic, prices bottomed in Canada at under C$630,000 in July. Much of the rebound stems from an uptick in sales in the Toronto area and British Columbia’s Lower Mainland.?CBC
Real Estate Losing Popularity as an Investment
The popularity of real estate as an investment class is waning. In a poll of more than 1,000 adults in the U.S. who were asked to choose between real estate, stocks, bonds, gold and savings accounts, 34% said property is the best place for their money—a five-year low. The metric stood at a record high of 45% last year. The fall in sentiment comes alongside high interest rates, weak pricing and an overall shaky economy.?The Orange County Register
A Sydney Fixer-Upper Was the Priciest Auction Sale in Australia Last Weekend
A fixer-upper in the Sydney suburb of North Bondi that sold for A$7.7 million (US$5.13 million) was the priciest home to sell at auction across Australia over the weekend. All of the bidders of the family home, within walking distance of one of the world’s best-known beaches, were either residents on the same street or lived within less than a mile of the property. The home last sold for A$145,000 in 1983, and has a sunroom at the front and four bedrooms, including one in an upstairs studio with its own kitchen.?Domain
AROUND NEWS CORP
Penthouse Atop San Francisco’s Millennium Tower Asks $14 Million?[The Wall Street Journal]
The Best Affordable Holiday-Home Hotspots in France?[The Times of London]
These Are the Best Places to Live in America Right Now?[Realtor.com]
Australia’s Rental Market Tightened Even Further in April?[news.com.au]