Five New Luxury Projects Launch Sales in Miami Amid a Market SlowdownThe Miami-Dade luxury market has slowed in recent months from a torrid couple of years during the Covid-19 pandemic, but there are still several new condo projects launching sales this fall. “The market has slowed down and we have some inventory constraints,” said Michael Martirena, of Compass…Read More
Even Luxury Home Supply Is Scant in L.A.Scant housing inventory, exacerbated by an insufficient number of condo developments in the pipeline, continues to plague the Los Angeles market. Noting that high mortgage interest rates have made the market “challenging,” Krysen Heathwood, senior managing director, Compass Development Marketing Group, West, said that there have been some bright spots this year…Read More
New York’s Newest Condos Prioritize PrivacyWith news of Manhattan’s luxury home market showing signs of resilience in the face of rising mortgage rates, real estate developers are ready with the city’s newest crop of condos. New developments have been attracting noticeably strong demand, often accounting for the bulk of deals or the priciest deal in any given week…Read More
London’s Latest Developments Draw on Their Storied PastsLondon’s prime markets showed a less-than-buzzing picture, with declining sales and prices, leading into the fall months. Summer is typically a quiet time during the school holidays, but activity was noticeably slow across all of London’s prime markets this summer. At the same time, there are more new instructions, meaning much more choice for buyers…Read More
Why San Francisco’s Developers Are Staying on the SidelinesIn San Francisco, sales of luxury new development units have continued their downward spiral, causing prices to fall and thwarting plans for new projects. Sales volume is down 41% from 2022 and 28% from pre-pandemic 2019, according to Krysen Heathwood, senior managing director, Compass Development Marketing Group..Read More
Slew of Extra-Lavish Developments Launch as Dubai’s Luxury Market SoarsDubai led the world in luxury home price growth during the first six months of the year and the city is building more high-end residential developments to meet the growing demand…Read More
Amid a Troubled Market, Australia’s Developers Are Still Upping the AnteAustralia’s developers are having to prove their level of luxury and staying power amid a variety of pressures facing the country’s housing market. The Australian construction industry is in turmoil with more than 2,000 small, medium and large builders and developers collapsing over the past two years…Read More
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