Five Postcard-Perfect Regions Just as Charmingly British as the Cotswolds
handful of idyllic country markets from Dorset to North Norfolk offer luxury housing, fine dining and lifestyle pursuits that rival the famed bolthole. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
‘The Martian’ Author Is Selling His Four-Level Suburban Chicago Home for $4.75 Million
Andy Weir’s home includes a tennis court, an elevator, a brand-new kitchen and a wood-paneled library where the author did his writing. Read More
THE INSIDERS
Homes Buyers Have Descended on Hawaii Since the Pandemic—And They’re Staying
The CEO of the islands’ top real estate firm talks about the recent sales boom, the return of seasonality and what house hunters need to know. Read More
NEWS BITES
Real Estate Investment in Portugal Rose 67% in 2022
Real estate investment in Portugal increased 67% year over year to €3.3 billion (US$3.54 billion) last year, according to the latest report from Savills. The country’s warm climate, beautiful natural landscapes and relatively low cost of living have appealed to many foreign buyers. In Spain, real estate investment increased 39% year over year to €16 billion, but Savills expects a lower volume of investment there this year. Italy’s real estate investment reached €11.6 billion, up 26% from the previous year. The Portugal News
A Duplex Penthouse in Dubai Asks for US$50 Million
A duplex penthouse atop Volante, a 35-story tower in Dubai built along the city’s Water Canal, is on the market for US$50 million. The 19,000-square-foot residence comes with a two-level rooftop terrace with views of the city skyline. Serviced by a private elevator, the penthouse includes four bedrooms, each with its own living space, and an open-plan living area featuring high ceilings and glass doors that open onto the terrace. There are also two kitchens, a private study and staff quarters. Yahoo
Chinese Developers Warn of Record Losses in 2022
Country Garden Holdings, China’s largest property developer by sales last year, warned on Monday it’s set to report a loss of as much as US$1 billion for 2022. The warning came two days after another developer, Shanghai-based CIFI, flagged a loss of up to US$2 billion last year. The Covid lockdowns and stricter financing rules in the country have caused developers to struggle with their projects and cash flows. The Hong Kong-listed Country Garden raised at least HK$4.74 billion (US$609 million) from an equity placement in December. South China Morning Post
Australian Jeweler Paid A$8 Million for House in Paddington, New South Wales
Christine Bracher, creative director of Paspaley Pearl Jewellery, Australia’s largest pearling company, paid A$8.01 million (US$5.3 million) for a home in Paddington, New South Wales, through an off-market deal. Ms. Bracher recently sold her mansion in Bellevue Hill, a harborside suburb of Sydney, for A$16.75 million. The Paddington house was designed by architect Espie Dods about 40 years ago and last traded for just A$765,000 in 1992. Domain
AROUND NEWS CORP
Three Million U.S. Households Making Over $150,000 Are Still Renters [The Wall Street Journal]
Hole in Two as Council Says Yes to Homes Next to the Old Course in St. Andrews [The Times of London]
Cringe Behavior Real Estate Agents Are Seeing Now at Open Houses [Realtor.com]
Partial Residential Conversion of McGraw-Hill Building Fast Tracked [New York Post]
