Mansion Global Daily: New Homes Nowhere to Be Found in the U.K., Dutch Home Prices Reach Record High, and More

January 24, 2022May 20, 2022 Admin

Construction Woes in the U.K. Sunk New-Home Sales in 2021

New-builds accounted for only 2% of all residential sales in 2021 as builders faced pandemic-fueled challenges. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

A 1920s House in the Heart of Town in Palm Beach, Florida

The charming two-bedroom home has a guest cottage and is close to the beach and a popular arts center. Read More

THE INSIDERS

Home Layouts Should Be About Solving Problems, Says Design Firm Founder

Mary Cook talks about how flow and function can benefit both property sellers and buyers. Read More

NEWS BITES

Dutch Home Prices Rose to a Record High in December

Dutch existing-home prices rose 20.4% in December to an average €400,000 (US$452,628), a record level since Statistics Netherlands began tracking the market in 1995. The pace of growth was the most significant in more than 40 years, the government institution said. Low mortgage rates and a supply shortage have pushed housing prices higher, economists say. In December, only 20,559 homes changed hands, a nearly 22% decrease from the same month of 2020. NL Times

A South Australian Estate Is Selling for the First Time in 180 Years

A 673-acre waterfront property in Wellington East, South Australia, is selling for the first time since the 1840s. The agents, Williams Real Estate, in conjunction with Hunt Lifestyle and Colliers Agribusiness, did not disclose the guide price. The sprawling property has a home built in 1910, which was modernized in 2007 and includes five bedrooms with en-suite bathrooms, plus multiple living and entertaining spaces. The property also has a swimming pool, two guest cottages and approximately 1.24-mile freehold frontage to Lake Alexandrina. realestate.com.au

Housing Stock in California’s Bay Area Falls to Historic Lows

The number of homes for sale in California’s Bay Area hit historic lows in December. In San Mateo and Santa Clara counties, only about 700 single-family homes were listed for sale in recent weeks, less than half of the number a year ago, according to Zillow data. The number of homes for sale in San Jose fell 60% year over year to just 106 properties, while Oakland listings dropped 40% to 103, and Fremont fell 50% to only 12. The median price of a single-family home in the nine-county Bay Area reached $1.2 million in December, up 13% from a year ago. Times Herald

‘Dog Whisperer’ Producer Cesar Millan Sells Home in Encino, California

Cesar Millan has found a buyer for his home in Encino, California, just days after putting it on the market for $4 million. The 52-year-old dog trainer, producer of Emmy Award-winning TV series “Dog Whisperer with Cesar Millan,” bought the 5,620-square-foot residence in 2017 for $2.78 million. Built in 2016, the modern farmhouse features a living room with wide-plank flooring, a fireplace and built-in cabinets, a dining room, a kitchen with a breakfast nook, a family room and an office. Realtor.com