Mansion Global Daily: Another Record Week for U.S. Prices, Property Tax Changes in 2022 and More
U.S. Prices Hit Another Record High While New Listings Rebound
The median home price is 30% higher than it was in 2019. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
90-Acre Estate Outside of Telluride, Colorado, Comes With a Star-Studded Recording Studio
Neil Young, Jewel and Peter Gabriel have recorded here. Read More
TAX TALK
What U.S. States Are Considering Property Tax Changes for 2022
Texas, New York and California have initiatives that could affect property tax bills. Read More
NEWS BITES
Sales of Luxury Homes in Singapore Hit a New High
Luxury sector sales are on a roll as Singapore progressively reopens. In particular, deal volumes of high-end housing have hit a record high. Activity in the posh residential market—specifically, residential units priced above S$10 million(US$7.32 million)—has stayed buoyant this year and even outperformed sales of watches and jewelry, said the Institute of Real Estate and Urban Studies at the National University of Singapore. In its analysis, the institute considered only transactions of single units each fetching more than S$10 million. It omitted collective sales and transactions of multiple units. The Business Times
Eminem’s Former Detroit Home Lists for $3.23 Million
A 17,500-square-foot mansion in Detroit’s Rochester Hills formerly owned by rapper Eminem is back on the market for $3.23 million. The estate extends across nearly 6 acres with six bedrooms and 10 bathrooms, a tennis and basketball court, pool, hot tub, cabana and 2,000-square-foot guesthouse, the listing reads. The property also boasts a prime audio, visual and lighting system. Eminem, who’s real name is Marshall Mathers, bought the property in 2003. Detroit Free Press
Demand Surges in Australia’s Queensland as Border Reopens
Within hours of the Queensland Government announcing that the state border would reopen on Monday, interstate buyer searches for properties in Australia’s Sunshine State soared by 15%. The increased activity continued the day after the Dec. 6 announcement, albeit by just 3%, according to REA Group data. The renewed surge came after “a few days of decreasing searches,” according to REA analysts. realestate.com.au
U.A.E. Market Gets Boost by Increasing Demand for Villas and Townhouses
Rising demand for villas and townhouses is driving a rebound in the U.A.E.’s residential property market, according to a senior banking official. Spurred by trends including remote working and community-living, villas and townhouses are emerging as the preferred choice for residential property buyers, according to Cyril Lincoln, executive vice president at Mashreq Bank. The surge in demand is being driven by changing consumer needs when it comes to residential property purchase, he said. Mr. Lincoln pointed out that expatriate families were now looking for more open spaces in the form of detached or semi-detached houses. Trade Arabia
AROUND NEWS CORP
Call to Tax Homeowners After £3 Trillion Property Value Windfall [The Times of London]
A-Rod Sells Miami House for $6.3M Following Jennifer Lopez Split [New York Post]
A Miami Beach Couple Joins a Rush of Luxury Buyers to the Area’s Venetian Islands [The Wall Street Journal]
Most Popular Australian Suburbs for Home Buyers Revealed [news.com.au]
