Mansion Global Daily: A Mansion That Comes With Its Own NFT, Housing Market in Sacramento Will Trend Upward Into 2023, and More

February 24, 2022 Admin

The Buyer of This £29 Million English New-Build Can Live Like a King—Even in the Metaverse

A developer is offering to build the 11-bedroom mansion along with a digital version of the house as an NFT. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

This Sleek Vancouver Mansion Reads More Beverly Hills Than British Columbia

The lavish seven-bedroom home took nearly five years to build and still includes the site’s original heritage house at its core. Read More

TAX TALK

What Property Tax Will I Pay on a Bermuda Home?

The British territory charges a stamp duty and a land tax. Read More

NEWS BITES

Dubai Remains a Buyer’s Market Despite Rising Prices, Survey Finds

Abundance in housing supply will likely keep Dubai a buyer’s housing market for a few more years despite rising prices, a Reuters survey found. Twelve analysts surveyed during the past two weeks expected Dubai’s average housing price to climb 7.5% this year and 5.5% next, faster than the 5% rate of growth previously forecasted for each. However, the construction boom ahead of the World Expo, which began in October, will take at least a couple of more years to absorb, analysts said. “There is still a large (amount) of supply that is likely to be completed across Dubai in the next two to three years. This is likely to favor buyers going forward,” said Swapnil Pillai at Savills. Reuters

Former Australia Rugby Star Josh Dugan Sells Sydney Suburban Home for an A$1 Million Profit

Josh Dugan, a former National Rugby League star in Australia has sold his house in Gymea Bay, New South Wales, for A$2.1 million (US$1.49 million), about A$1 million more than what he paid for it just six years ago. Mr. Dugan, 31, retired from professional football at the end of last season after 215 games and 14 seasons in the NRL with the Canberra Raiders, St George Illawarra Dragons and the Cronulla-Sutherland Sharks. The house has four bedrooms, two bathrooms and a studio, which can be used as a guest house. realestate.com.au

Housing Market in Sacramento, California, Will Trend Upward Into 2023, Expert Says

The median home price in Sacramento, California, increased 16% year over year in January, and the strong growth will likely continue well into 2023, according to Brandon Haefele, CEO and president of direct mortgage lender Catalyst Mortgage. “I don’t think it’s going to slow down. With the data and where the numbers are, housing starts being so slow, we have a lack of inventory,” he said. While the rising interest rate and housing prices will have some buyers step back, “you still have a lot of people moving from the Bay Area, people moving from all over to Sacramento because it is still one of the most affordable cities in California,” he said. He predicted the county’s median home price will increase at least 8% to 12% next year. kcra.com

More Than 120 Properties Will Be Auctioned in Canberra, Australia, This Saturday

The strength of Canberra’s housing market will be put to the test on Saturday as the capital city of Australia will have 121 properties scheduled for auction, according to data from Domain. Last weekend, 98 homes went up for auction with a clearance rate of 75.3%, meaning 74 homes were sold. That was the biggest decline in the clearance rate and its lowest rate since November, said Domain chief of research and economics Nicola Powell. During the same period last year, clearance rates were above 80%. allhomes.com