Low Supply Keeps Alpine Chalet Values Climbing
Prices across the major resorts in France and Switzerland rose an average 4.4% this year, the strongest annual growth since 2014. Read More
BY THE NUMBERS
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HOME OF LEGENDS
Within these historic walls, discover a new and inspiring home as the Old War Office is reborn as The OWO. Experience the finest in service & style at Raffles Hotel & Residences, unparalleled culinary experiences and a transformational spa.
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TRENDING TODAY
LISTING OF THE DAY
This Is What Luxury Living Looks Like in ‘the Capital of the Arctic’
A multimillion-euro waterfront apartment in Tromsø, Norway, has a front-row seat to the city’s frigid natural beauty. Read More
SMART HOMES
High-Tech Gadgets for Leaf Removal
Keep your lawn as crisp and clean as the autumn air with these handy devices. Read More
NEWS BITES
Foreign Buyers Increasingly Investing in Australia
Foreign home buyer activity in Australia has hit a more than five-year high as the property market bounces back from its recent slump, according to data from the National Australia Bank. The survey found that “foreign buyers have been playing an increasingly bigger role in Australian housing markets in recent quarters,” with the number of sales of new homes to foreign buyers up for the fourth straight quarter to 10.1%. Migration to New South Wales, home to Sydney, Newcastle and Wollongong, has played a large part in the buying boost. Domain
Architect’s Home in the Hamptons Asks $12 Million
A home in the Hamptons designed for and by AIA Award-winning architect Lynne Breslin, who heads the New York City-based firm Lynne Breslin Architects, has hit the market for $12 million. The house, in East Hampton, foregoes the typical shingle-style design that’s found across the enclave in favor of a modern structure with Japanese influences. The 4,000-square-foot property is made from steel, glass and shou sugi ban siding—an ancient Japanese technique in which wood is charred—and has six bedrooms, seven bathrooms and a minimalist aesthetic. Robb Report
Construction Projects Stall Across Germany’s Property Market
An increasing number of residential construction projects across Germany are being abandoned, according to a survey from the Ifo economic institute at the University of Munich. In October, 22.2% of companies reported canceled projects, up from 21.4% in September. “It’s getting worse all the time, with more and more projects failing due to higher interest rates and elevated construction prices,” said Klaus Wohlrabe, Ifo head of surveys. “In residential construction, new business remains very low and companies’ order backlogs are diminishing.” Reuters
U.K. Home Prices See Gains After Six Months of Declines
After six months of falling prices, the cost of a home in the U.K. ticked up 1.1% in October, according to figures from bank and mortgage provider Halifax. The typical home in the country now costs £281,000 (US$345,236), up roughly £3,000 from September. Prospective sellers appear to be taking a “cautious attitude,” leading to a low supply of homes for sale, according to Kim Kinnaird, director at Halifax Mortgages. “This is likely to have strengthened prices in the short-term, rather than prices being driven by buyer demand, which remains weak overall.” City A.M.
AROUND NEWS CORP
Interest Rates Weigh on Housebuilders [The Times of London]
The Las Vegas Area’s Most Expensive Home Is Up For Sale Again [The Wall Street Journal]
Here’s a Tip: Gossip King Perez Hilton Has Found a Buyer for His L.A. Home [Realtor.com]
Diane Sawyer Sells $24M Martha’s Vineyard Estate Just 2 Months After It Hit the Market [New York Post]
