Mansion Global Daily: NFTs Are Coming to Real Estate, House Price Growth Set to Slow in Much of Europe, and More

December 10, 2021 Admin

When Purchasing a Real Estate NFT, What Are You Really Buying?

NFT home sales may be the next step for cryptocurrency’s boom in the real estate market, but the legalities remain murky. Read More

BY THE NUMBERS

TRENDING TODAY

MANSION GLOBAL PICKS

Forever Young: A Gift Guide for the Young at Heart

From board games to bikes, something for anyone looking for fun. Read More

LISTING OF THE DAY

A British Prime Minister Called This 1789 Townhouse in the Heart of Bath, England, Home

William Pitt once lived at the five-story limestone-clad Georgian property. Read More

NEIGHBORHOOD NOTES

Gigiri Is at the Heart of Nairobi’s International and Diplomatic Communities

The low-rise neighborhood features colonial-era estates and a growing commercial presence. Read More

NEWS BITES

New Listings in Australia Rose 12.1% in November, a Seven-Year High

New residential listings in Australia registered a month-over-month jump of 12.1% in November, reaching their highest level since 2014, according to PropTrack Listings Report. Broken down further, capital cities saw new listings rise 12.5% in November to reach their highest level in a decade, while regional areas had an 11.3% rise to a five-year high. “Property market activity continued to soar in November as sellers made up for lost time after lockdowns,” said Angus Moore, an economist at PropTrack, a property data company. realestate.com.au

House Price Growth Set to Slow in Much of Europe in 2022

Home price growth in many European countries is expected to slow in 2022, according to Fitch Ratings’s latest Global Housing and Mortgages Outlook. The U.K. could see the sharpest slowdown, with growth expected to be between 1% and 3%, compared to 9% in 2021. Double-digit growth in 2021 in The Netherlands and Germany will likely result in a slowdown next year, but a lack of inventory will continue to keep prices elevated. Spain is expected to stay stable, while reduced demand in Denmark is set to stunt price growth. The Portugal News

Stabilizing Sales and More Access to Loans Could Boost China’s Real Estate Industry

Two things could help improve China’s real estate industry: Stabilizing property sales in China and lowering interest rates to grant greater access to funds within the country, according to Logan Wright, director of China markets research at consulting firm Rhodium Group. “Conditions are definitely emerging for a more constructive outlook for the Chinese property sector, for the economy as a whole, and for implications for risk assets,” he said. CNBC

A 26-Year-Old Tech Billionaire Is the Buyer of $83 Million Megamansion in Los Angeles

The 26-year-old founder of Luminar, an autonomous vehicle sensor and software company that went public last year, is the buyer of an $83 million megamansion in the Pacific Palisades area of Los Angeles. Austin Russell, also Luminar’s CEO, purchased the home in July through a South Dakota-based trust. The home boasts myriad high-tech features, including a retinal scanner to access the primary bedroom suite, which also has a retractable roof and a custom projection screen that displays movies on the ceiling over the bed. Dirt