One-Time Home of Jeffrey Epstein Confidante Ghislaine Maxwell Gets a $1 Million Price Cut
The historic, waterfront house in Massachusetts has been on the market for over a year and is now asking $5.85 million. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
The History of This L.A. House Includes a Gangland Hit
Bugsy Siegel was gunned down while reading the paper in the living room in 1947. Read More
DESIGNER’S CORNER
Going Faux: How to Chicly Add Dried and Artificial Plants
Design experts say options have “come a long way since the silk flower arrangements of the 1980s.” Read More
NEWS BITES
In the U.K., 87 Members of Parliament Are Landlords
Eighty-seven members of the U.K. House of Commons are landlords, representing 13% of the 650-person parliament, according to a report from nonprofit, political activist group 38 Degrees. The organization found that one in five MPs of the Conservative party are landlords, with Chancellor Jeremy Hunt owning seven rental properties, and Home Secretary Suella Braverman, Education Secretary Gillian Keegan and Culture Secretary Lucy Frazer, each declaring one rental property in the latest House of Commons members’ register of financial interests. The government is set to unveil a Renter’s Reform Bill, which is already seeing concern from landlords over potential changes to the eviction process, sometime in the next two weeks. PropertyWire
Australian Government to Expand Aid to Potential Home Buyers
Australia’s 2023 Federal Budget is looking to boost the number of homeowners in the nation by expanding the eligibility requirements for several popular home-buying schemes. Starting in July, the First Home Guarantee, the Regional First Home Buyer Guarantee, the Family Home Guarantee and the Home Guarantee Scheme will all see a range of revised requirements, including the ability for any two borrowers to jointly apply, regardless of marital status or relationship, and the option for buyers who have not owned a property in the past 10 years to apply—previously these schemes were primarily focused on first-time buyers. realestate.com.au
Monthly Rent Payment Making Inroads in Dubai
Starting in July, some Dubai tenants will be able to pay their rent in monthly installments—a norm which has yet to take hold in the city. Currently, the majority of Dubai tenants (90%, according to a recent survey) pay their annual rent with one to four checks, and just last year, the Dubai Land Department and Emirates NBD agreed to allow Dubai residents to pay their rent directly via bank accounts and credit cards. For example, Keyper, a digital real estate management platform, will enable their tenants to make monthly rental payments from debit or credit cards, with the goal of helping renters to better manage their cash flow. The National
Hongkongers Head to Britain, Aided by BN(O) Visas and Weak Pound
Hongkongers are investing big in England and Wales, according to new data from Benham and Reeves. The London-based property agency reports that homeownership in the two countries by Hong Kong-based buyers jumped 12% in the 12 months to January, marking the second-largest increase on record since a 13.4% increase between 2021 and 2022. The cause for the continued growth? A weak pound helps, but 2022 also marked a full year in which an estimated 5.4 million Hong Kong residents were eligible for the British National (Overseas) visa, which puts them on a fast-track to permanent residence in the U.K. South China Morning Post
AROUND NEWS CORP
The Home Buyer’s Quandary: Nobody’s Selling [The Wall Street Journal]
Whowannit? Island That Inspired Agatha Christie on Sale for £15 Million [The Times of London]
‘There Is No National Housing Market’: Why Location Matters Now More Than Ever [Realtor.com]
Broadway Bigwig’s NYC Penthouse up for Auction, Bids Start at $3.5 Million [New York Post]
