Mansion Global Daily: London’s Super-Luxury Home Sector Is Thriving, Hong Kong’s Rental Market Is Set to Rebound, and More
The city’s ￡5 million-plus segment is currently its strongest.?Read More
LISTING OF THE DAY
Located in one of London’s most affluent neighborhoods, this cozy brick home provides a sense of seclusion just moments from some of the city’s most popular destinations.?Read More
DESIGNER’S CORNER
These built-ins can bring style, storage and extra seating to any room in the home.?Read More
NEWS BITES
领英推荐
U.K. Renters Set to Receive New Rights Under Reform Bill
After multiple delays, the Renters’ Reform Bill will be tabled in Parliament Wednesday and is set to provide tenants with a host of new rights. Chief among expanded protections for renters is the abolition of "no-fault" evictions, in which landlords were able to evict tenants without showing fault on the part of the tenant. Under the bill, renters will also see the Decent Homes Standard, a standard for the health and safety of government housing properties, applied to the private sector. The proposal will also make it illegal to deny rentals to individuals on government assistance. In a concession to landlords, the new bill will grant homeowners more powers to evict "anti-social" tenants.?City A.M.
New Rental Listings Crater in Sydney
Prospective Sydney renters who were hoping for some relief will have to keep waiting, according to data from PropTrack. The latest Market Insight Report has found that new rental listings in the New South Wales capital fell 17% in April, reaching its lowest level since April 2012. "The bigger takeaway that we are seeing is that the number of total properties available for rent in Sydney dropped another 15.7% from where it was 12 months ago," said PropTrack’s director of economic research Cameron Kusher. "If you look at where things are now compared to the start of the pandemic, the number of properties available for rent is down 42.7%."?realestate.com.au
Foreclosure Filings in the U.S. Down Month to Month, but up Annually
April saw foreclosure filings dip in the U.S., but the annual view tells a different story. According to the latest ATTOM U.S. Foreclosure Market Report, foreclosure filings (default notices, scheduled auctions or bank repossessions) dropped 10% in April month over month—but remain up 8% year over year. Nationwide, the U.S. saw one in every 4,234 housing units receive a foreclosure filing in April, with Illinois, Maryland and New Jersey posting the highest foreclosure rates. Among the 223 metropolitan areas tracked by the report Atlantic City, New Jersey; Cleveland, Ohio; and Lakeland, Florida, saw the highest rates of foreclosure.?World Property Journal
Hong Kong’s Luxury Rental Market Expected to Rebound
Industry insiders have high hopes for Hong Kong’s high-end rentals in the second half of the yeare. Citing the Chinese government’s Top Talent Pass Scheme—a program which grants a two-year visa to individuals who meet certain income, education or employment requirements—and the return of expatriates who left during the height of Covid-19, market watchers are predicting a rise of as much as 6% in luxury rental homes prices this year. Already, a price index for bigger rental homes—over 1,077 square feet—rose 2.7% in the first quarter of the year, according to the Rating and Valuation Department.?South China Morning Post
AROUND NEWS CORP
Gaming’s Top Execs Aren’t Playing Around When It Comes to Buying and Building Homes?[The Wall Street Journal]
Watch the Game (or ‘Bridgerton’) While You Grill: How to Buy an Outdoor TV?[Realtor.com]
Inside Story on Big A$33M Deal in Bellevue Hill?[news.com.au]
NYC Compound With a Secret Tunnel Hitting the Auction Block?[New York Post]