Mansion Global Daily: U.K. Real Estate Keeps Calm and Rallies On, U.S. Homeowners Gained $8.2 Trillion of Wealth From a Decade of Price Growths, and More

March 10, 2022April 14, 2022 Admin

Measure of U.K. Housing Sentiment Shows Cautious Confidence

Prices and demand were robust in February with little end in sight despite economic concerns, a survey finds. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

A Restored 1930s Mansion in Los Angeles’s Tony Bel Air

The seven-bedroom home is just off Sunset Boulevard, near the Hotel Bel-Air. Read More

TAX TALK

What Changes Are Planned for Hong Kong Property Taxes?

The 2022-23 budget outlined a new progressive rate system. Read More

NEWS BITES

Waterfront Property in Tasmania, Australia, Sells for a Record Price

A waterfront architectural masterpiece in Tasmania, Australia, has sold for A$4.3 million (US$3.16 million), above the asking price and a record for the island state. It was listed about one week ago for A$4.2 million. The modern house has seen its price rise 66% in four years. It changed hands in March 2018 for A$2.59 million and last sold for A$3.967 million. Listing agent Abi Freeman from Knight Frank said the state’s luxury market is buoyant. “We are regularly receiving inquiries from purchasers looking for high-end quality homes,” she said. realestate.com.au

Grade II-Listed English Country House Hits Market for the First Time in Decades

Hadham Grange, a Grade II-listed property in the village of Much Hadham in Hertfordshire, England, has come onto the market for the first time in nearly 50 years, asking £3.95 million (US$5.18 million). The red-brick house on 16.5 acres of landscaped land dates to the late 16th and early 17th centuries, according to the listing with Knight Frank. It offers 5,887 square feet of living space, including four reception rooms, a conservatory, a gym and five bedrooms. The property also has two barns, a tennis court, a heated greenhouse, garages and stables. Country Life

U.S. Homeowners Gained $8.2 Trillion of Wealth From a Decade of Price Growths

U.S. homeowners gained $8.2 trillion in wealth from 2011 to 2021 due to housing price appreciation during the last decade, a study from the National Association of Realtors showed. The median single-family existing home sales price rose at an annual pace of 8.3% from the fourth quarter of 2011 through the fourth quarter of 2021, the report said. The largest price gains over the decade were seen in metro areas including Phoenix-Mesa-Scottsdale (275%), Atlanta-Sandy Springs (275%) and Las Vegas-Henderson-Paradise (252%). World Property Journal

Chinese Billionaire Developer Hikes Price Tag on Pasadena, California, Estate

Chinese billionaire developer Huang Kangjing relisted his estate in Pasadena, California, this week for nearly $14.9 million, a more than $2.3 million increase from what he had wanted in 2020. Mr. Huang, owner of a top real estate construction company in Shenzhen, China, bought the property for $5.8 million in 2012. The century-old English Arts and Crafts-style mansion sits on 3.5 acres and has nearly 10,000 square feet of living space with seven bedrooms and 10 bathrooms. dirt.com