London’s £5 Million-Plus Home Market Was Surprisingly Buoyant in January
Deals at that level were up 43% over a year ago, despite a wider slowdown in the city’s prime center. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
A West Sussex Home Takes in the English Channel From the Hot Tub
Formerly a bungalow, the rebuilt five-bedroom property has a new top floor and a contemporary design that focuses on light and natural colors. Read More
TAX TALK
What Property Tax Changes Are in Store for Luxury Homeowners in Edmonton, Canada?
Citywide, the fees are rising by an average 5% per year for the next four years, though a slow high-end market could mean less than that for some owners. Read More
NEWS BITES
China’s New-Home Price Crawled out of Negative Territory in January
The average new-home price in 70 median and large cities in China remained unchanged in January, the first time it did not decline since August 2021, according to data released Thursday by the National Bureau of Statistics. Prices in 36 of the cities tracked increased on a monthly basis. “The home market is going to be stable and have a gradual recovery this year,” said Yan Yuejin, director of the Shanghai-based E-house China Research and Development Institute. Relaxed Covid restrictions, improved liquidity among developers and better sentiment among home buyers could help reboot the gloomy property market, he said. South China Morning Post
A Sydney Church With Plan for Residential Conversion Lists for A$10 Million
A former Anglican church in Vaucluse, an affluent suburb of Sydney, that comes with approval for residential conversion has hit the market for A$10 million (US$6.88 million). Built in the mid-1960s, the whitewashed brick church has about 21,259 square feet of space to accommodate 350 people. Interiors feature high ceilings, wood beams and hardwood floors. The church last traded for A$5.8 million in late 2018. realestate.com.au
Bill Clinton’s Childhood Home in Arkansas Is for Sale for $345,000
Bill Clinton’s childhood home in Hot Springs, Arkansas, where he lived from 1954, when he was eight, until 1961, is on the market for $345,000. Known as Birnbaum-Shubetz House, the 3,708-square-foot, six-bedroom home was listed in the National Register of Historic Places in 1995 but remained unnoticed for decades. In 2021, local real estate agent Chris Rix bought and restored the property, which was built in 1896 in Queen Anne architecture and later converted to Tudor Revival style in 1938. The Street
Rihanna’s Super Bowl Rental in Paradise Valley, Arizona, Costs $85,000 a Night
The luxury home Rihanna rented to prepare for her Super Bowl half-time performance in Arizona has been revealed. The 6,434-square-foot home in Paradise Valley, Arizona, about 30 miles from the stadium where Super Bowl LVII took place, has five bedrooms, five bathrooms, two living rooms, an open kitchen, a walk-in wine cellar, a private gym and an office. Outdoors, there is a pool with a waterfall, a pickleball court, a bar area, a putting green and a bocce ball court. Rihanna booked six nights ahead of the game for $85,000 a night, sources said. TMZ
AROUND NEWS CORP
It’s Home to Coachella Valley’s Most Expensive Real Estate (And No, It’s Not Palm Springs) [The Wall Street Journal]
Renters Face Even Tougher Time as Buy-to-Let Landlords Sell Up [The Times of London]
7 White Lies That Can Destroy Your Home-Buying Chance [Realtor.com]
Inside a New Community of 3-D-Printed Homes in Texas [New York Post]
