Cash Buyers Buoy London Housing Market
The average sale price of a home between £5 million and £10 million rose 2.1% annually in February. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
Skip the Stairs and Take the Slide Inside This Quirky South Florida Family Home
Other amenities include a pool and spa, a tennis court, a gym and office and a 360-bottle wine feature. Read More
SMART HOMES
Five High-Tech Toasters Worth the Bread
From gluten free to pastry settings, these devices have fine tuned the art of toast. Read More
NEWS BITES
In 2022, All-Cash Deals in the U.S. Reached Their Highest Level in Nearly a Decade
The number of U.S. home buyers making all-cash deals last year reached the highest level since 2013, according to data from real estate data analytics firm Attom. In Augusta, Georgia, 72% of home purchases last year were made in cash, the highest share nationally. “The large cash-sales levels in the Augusta metro could be connected, at least partly, to a relatively good home-flipping market,” said Rob Barber, chief executive officer at Attom. Yahoo Finance
London to Become Even Less Affordable Over the Next 15 Years
Property prices in London are expected to be among the least affordable in the world, alongside Tokyo, Tel Aviv and Paris, according to a report from Oxford Economics. The firm predicted that over the next 15 years London will become a global “megacity” with a population of 10 million people, but by 2037 house prices are expected to reach 12 times the typical annual salary. Evening Standard
German Property Prices Set to Sink This Year
Amid higher interest rates, home prices in Germany are now expected to fall faster than previously forecast, according to a Reuters poll of property experts. Average home prices in the country—which ranks as Europe’s biggest economy—are forecast to decline 5.8% this year and 2.5% in 2024. Three months ago, those metrics stood at 3.5% and 0.5%, respectively. The European Central Bank expected to hike interest rates at least twice more in coming months. Reuters
Waterfront Land in Australia Sells for A$7.5 Million
In Queensland, Australia, one of the “best blocks” on the northern Gold Coast has been sold in a A$7.5 million (US$9 million) deal. The empty parcel of waterfront land is within the gated community of Sovereign Islands, one of the most expensive areas in the country. “The buyers were looking for a home to buy and couldn’t find quite what they were looking for so they decided to build their own,” said Amir Mian of Amir Prestige, who brokered the sale. realestate.com.au
AROUND NEWS CORP
A Metaverse Room, Snow Spa and Lazy River Are Some of the Crazy Amenities Planned for This $75 Million Arizona Mansion [The Wall Street Journal]
The Country Residence of a Former U.S. Ambassador Is on Sale for £30 Million [The Times of London]
Boon for Buyers: These Are the U.S. Cities With the Biggest Increases in Homes for Sale [Realtor.com]
Surprising Aussie Suburb Where Rent Has Jumped Almost 50% [news.com.au]
