Mansion Global Daily: Miami’s High End Home Market, Health Is Wealth and more
In Miami’s High-End Home Market, the Makers of Fast Cars Are Designing Condos, Too
Brands like Bentley, Aston Martin have partnered with developers to build amenity-packed luxury residential towers. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Fully Restored Home in the Heart of the Landmark District in Savannah, Georgia
The home offers a central atrium, nine fireplaces and a rooftop terrace with open city views. Read More
THE INSIDERS
‘Health Is the New Wealth’
Paul White, president of Four Seasons Hotels and Resorts, on the changing definition of luxury and how wellness has reached the top of buyers’ priorities. Read More
NEWS BITES
Private Island in Western Scotland Is up for Sale
A private island off the coast of Arran in Western Scotland is on the market for just £350,000 (US$429,000), the price of an average four-bedroom house in Edinburgh. The uninhabited island, known as Pladda, spans more than 33 acres and is 0.43 miles long. It comes with a historic lighthouse with keeper’s accommodation, including two reception rooms, five bedrooms and a bathroom. There are other outbuildings on the island with “development potential,” said listing agent, Tom Stewart-Moore of Knight Frank. Daily Record
China’s New Home Sales Plunged Nearly a Third in July
China’s new home sales fell 33% in July from June, according to the latest data from China Index Academy, the country’s largest independent real estate research institution. Among the 17 cities tracked by the institution, Guangzhou saw the steepest decline, at 48%. Meanwhile, new home prices in 100 cities also edged down 0.01% month over month. The cooldown is a result of new, stricter mortgage lending rules introduced alongside a weaker home buyer sentiment and a debt crisis among major developers. Asia Financial
Luxury Sales in Las Vegas Surged in the First Half of 2022
The luxury segment is bucking the trend of a general slowdown across the new home market in Las Vegas. The number of sales priced above $1 million rose 16% year over year to 235 in the first half of 2022, according to data from Las Vegas-based Home Builders Research. The strong performance of the luxury sector is due to a continuing appetite for high-end homes, especially from buyers relocating from California, according to the housing market research firm. In comparison, there were 123 sales, or half of this year’s level, at the $1 million-plus range in the first half of 2019. Las Vegas Review-Journal
Songwriter Ryan Tedder Lists Beverly Hills Mansion for $16.5 Million
Songwriter and record producer Ryan Tedder has listed his 1960s home in Beverly Hills, Los Angeles, for $16.5 million. Mr. Tedder—who is responsible for pop songs such as Beyoncé’s “Halo,” Leona Lewis’s “Bleeding Love” and Adele’s “Rumor Has It”—and his wife, Genevieve, paid about $11.5 million for the property in 2015. The single-story home has a living room, a combination dining/family area, six bedrooms and five full bathrooms spanning across 5,000 square feet of interior space. Dirt
AROUND NEWS CORP
Bank of England Prepares for Historic Rise in Interest Rates [The Times of London]
‘Zombie Houses’ Can Save the Australian Rental Crisis In [news.com.au]
This Economist Just Bought and Sold a Home. What He Says About the Housing Market. [Barron’s]
5 Factors Drive Homebuilding Costs—and Every Single One Is Squeezing Builders Right Now [MarketWatch]
