Manhattan Home Sales Plummeted in First Quarter
Prices, meanwhile, slipped 15% from a year ago to a median of $1.02 million. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Philanthropist’s Grand Estate in the Berkshire Mountains of Massachusetts
Amenities include a guesthouse, a pool, a wine cellar, nine fireplaces, two libraries and extensive stone walls and terraced gardens. Read More
SMART HOMES
Smart Air Purifiers to Fight Allergies
Combat congestion and discomfort with the clever air cleaners. Read More
NEWS BITES
Dolce & Gabbana Announce Real Estate Projects in Miami and Spain
Italian fashion house Dolce & Gabbana have announced its foray into the world of luxury branded real estate. The company, which has often found itself embroiled in scandal and has faced accusations of racism and homophobia, will be building apartments in Miami and Marbella in Spain, as well as a hotel in the Maldives. They’ll be partnering with developers including JDS Development Group, Sierra Blanca Estates and DarGlobal, for the projects. Business of Fashion
More Home Buyers Planning Property Purchases in China
China’s home buyers are starting to return to the property market, according to a first quarter survey from the People’s Bank of China. The share of survey respondents who said they are planning to buy a home in the next three months rose to 17.5% in the first quarter, up from 16% in the fourth quarter. The survey also found that 18.5% of those polled expect an increase in house prices, up from 14% in the fourth quarter. CNBC
Lithuania Announces Russian Home Buyer Ban
On Tuesday, the Lithuanian government announced a ban on Russian nationals purchasing real estate in the country, citing risks to national security. The ban is set to be in place until 2024 and will not apply to Russians who have residency in the country. The Baltic country shares a border with Russia’s Kaliningrad enclave. Reuters
Moat House in Tasmania, Australia, Sells for A$3.1 Million
On the Australian island state of Tasmania, a historic moat house has sold for A$3.1 million (US$2.09 million). Built around 1820, Marion Villa, in the town of Low Head, is a “timeless, Italianate influenced home,” said the listing. Set on 4.75 acres and surrounded by water, it’s thought that many of the region’s earliest well-to-do residents enjoyed evenings at the estate, which was dubbed the “Ballroom of the North.” Domain
AROUND NEWS CORP
Should I Sell My House Now? 7 Great Reasons to List This Spring—and 3 Times You Might Want to Wait [Realtor.com]
I Bought My Mother out of the Family Home [The Times of London]
John Steinbeck’s Hamptons Home Sells for $13.5M [New York Post]
Home Buyers’ Wages Fall up to $145K Short to Buy Without Mortgage Stress [news.com.au]
