Tuscany Is Beckoning Foreign Home Buyers
Pent-up demand for overseas experiences and the strong dollar are enticing more international buyers to the Italian region. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
Mayer Hawthorne Swiftly Finds a Buyer for East Side Los Angeles Home
During the pandemic, Hawthorne broadcast his popular “Wine & Vinyl” YouTube series from a room with views of Griffith Park Observatory. Read More
DESIGNER’S CORNER
How to Make a Sunroom Shine
Setting your intentions for the space will make choosing furniture and plants a breeze. Read More
NEWS BITES
No End in Sight to Rent Increases in Melbourne
Melbourne rents are growing the fastest of any capital city in Australia, with the most affordable homes hit the hardest. And things are set to get worse for tenants as the state’s top real estate advocacy group is warning it believes landlords are preparing to exit the market in droves. The city’s typical unit cost tenants A$470 (US$314) a week to lease at the end of June after a weekly increase of A$20 (4.4%) in the past three months, new PropTrack figures show. The city’s median unit cost was just A$400 per week to rent a year ago, and is closing in on A$495 a week. realestate.com.au
A Working U.K. Windmill Doubles as a Family Home
A more than 200-year-old windmill in the U.K. countryside that’s also a unique three-bedroom home has come to the market for £650,000 (US$826,666) in Lincolnshire. Standing at over 80 feet tall, the seven-story windmill is one of the largest operating in the country. The building, as well as being a family home, boasts a shop, a flour business and a former cafe space. There’s also plenty of original features from its construction in 1819, including floor beams and mill machinery. Lancashire Post
Prime London Prices Continue to Slide Amid Economic Uncertainty
Average home prices in prime central London declined nearly 6% annually in the second quarter, according to JLL’s residential research arm. It’s the third consecutive quarter that prices have slipped year over year, according to the property consultancy, which looked at homes priced at £850,000 (US$1.08 million) or more. Though the highest tier of luxury properties, those asking £10 million or more have seen far more price resilience, according to the data. The firm attributes the decline in overall luxury prices to stubborn inflation and rising interest rates. Evening Standard
Home Prices Tick up in Vancouver Due to Supply Shortage
The Real Estate Board of Greater Vancouver said June’s home prices ticked up from May as prospective home buyers faced a dearth of supply. The board says the composite benchmark sat at more than C$1.2 million (US$900,000) last month, down 2.4% from June 2022 but up 1.3$ from May. Sales in the market totaled 2,988 last month, a 21.1% increase from a year ago. CTV News
AROUND NEWS CORP
A Retired Opera Performer’s Next Big Act: Designing Houses [The Wall Street Journal]
My 18-Year Odyssey Renovating a Moroccan Riad [The Times of London]
New Homes Are Selling Fast. 3 Plays to Build on This. [Barron’s]
Banish the Bland: 6 Ways to Add Character to a New-Build Home [Realtor.com]