They Never Used to Cook. Now Wealthy Homeowners Want Two Kitchens.
Sculleries, pantries, Viking stoves and two of everything are now expected as high-end kitchens get ever more elaborate. Read More
BY THE NUMBERS
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Unparalleled Luxury and Adventure await on Baja’s East Cape
45 minutes from the Los Cabos airport, Costa Palmas is a master-planned resort community set by the shores of Baja’s East Cape, on the swimmable Sea of Cortez. Owners will be part of a casual and inclusive club, which connects them to our two miles of beachfront, our clubhouses and our Robert Trent Jones II course. Explore ownership opportunities at Four Seasons Private Residences & Casa Blake.
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TRENDING TODAY
SPECIAL REPORT
New Launches Push Miami’s Luxury Inventory Forward
These five new developments offer next-level amenities, including hammam spas, fitness pavilions and deep-water marinas. Read More
LISTING OF THE DAY
A Modern Florida Mansion Overlooking the First Course Designed by Golfer Justin Thomas
Panther National is the first new gated golf community in Palm Beach County in nearly two decades and is a collaboration between Mr. Thomas and Jack Nicklaus. Read More
THE INSIDERS
Jeanette Hoffman Is Having ‘Honest Conversations’ About Equality in Architecture
The associate at SB Architects in Dallas talks about her new podcast with bold-faced names, equal pay and her Tudor-style home. Read More
NEWS BITES
Dubai’s Prime Property Prices Are up to 80% Cheaper Than Other Key Global Cities
Despite strong growth during the pandemic, Dubai’s prime property prices are still cheaper by 20% to 80% compared to other key global cities. In Dubai, US$1 million can purchase 1,130 square feet of luxury residential property on average, compared to only 226 square feet in Hong Kong and 335 square feet in New York, according to data from Knight Frank. The report also projected that prime property prices in the emirate to rise 13.5% this year, the highest among all the major cities around the world. ZAWYA
U.S. States’ Proposals to Ban Real Estate Buys from Chinese Investors Face Legal Challenges
State-level proposals to ban Chinese investors from the real estate market might face legal challenges, experts say. Several U.S. states, including Texas, Florida and Arkansas, are proposing legislation to ban citizens from China from buying residential properties. “If adopted into law, these proposals will eventually be overturned as discriminatory under U.S. constitutional law. They would also almost certainly be illegal under World Trade Organization agreement, and could be challenged by China there,” said Michael Byers, professor of international law at the University of British Columbia. A handful of governments have initiated measures that directly or indirectly bar foreigners from purchasing homes or real estate, including Canada, Switzerland, Denmark, Singapore, Cambodia and many others. But these measures are not discriminating against citizens of a particular country, he said. South China Morning Post
A Majority of Canadians Remain Optimistic About Housing Market
A majority of Canadians remain optimistic about the long-term financial performance of residential properties, according to a report by Mustel Group and Sotheby’s International Realty Canada. Among 2,000 respondents surveyed, approximately 60% believe that a home or residential real estate purchase will perform the same or better than their financial investments in the next 10 years. And 49% believe that a residential property will perform the same or better than in the next 12 months. Real Estate Magazine
Retired Baseball Star Sells Northern Virginia Home for $7.1 Million
Ryan Zimmerman first tried to unload his six-bedroom, 10-bathroom mansion last year for $8.5 million. Nearly a year later, the former Washington Nationals infielder has finally found a match for his incredible property in Northern Virginia. The final price for the Great Falls manse that spans 13,000 square feet and sits on a grand 5-acre parcel? $7.1 million. The estate includes several water features, a two-story play castle, plus a grand pool house, huge lawn and mature trees. Realtor.com
AROUND NEWS CORP
For These Stranded Real Estate Pros, a Backhoe, AAA and a Mom Van Saved the Day [The Wall Street Journal]
End of Cheap Fixed-Rate Mortgage Deals Leave Home Buyers Hurting [The Times of London]
As ‘Zoom Town’ Settlers Are Forced Back to the Office, Many Must Choose: Keep My Job or My House? [Realtor.com]
Will McGraw-Hill’s Residential Conversion Be Affected by the Signature Bank Failure? [New York Post]
