Ancient Italian Monastery, Nearly 1,300 Years Old, Could Make a Grand Tuscan Home
The newly listed estate outside of Siena has served as an abbey for Benedictine monks, a holiday home and a retirement facility over the centuries. Read More
BY THE NUMBERS
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South Flagler House: A Timeless Waterfront Masterpiece
Artfully combining the vibrant spirit and neo-classic grandeur of West Palm Beach, South Flagler House is designed by renowned Robert A.M. Stern Architects. Celebrating a prime waterfront location with spectacular views, enjoy homes of expansive scale with lifestyle amenities of unprecedented range and quality in South Florida’s most pedigreed location. 2-5 bedroom residences for sale.
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TRENDING TODAY
LISTING OF THE DAY
Thatched-Roofed Megamansion Sounds Like an Oxymoron—but There’s One in South Africa
The enormous, lavish home—with stacked-stone walls and waterslides—looks plucked from a fairy tale. Read More
SMART HOMES
Webcams That Will Help You Look—and Work—Your Best
Five models that will give your home office setup a high-tech boost. Read More
NEWS BITES
New Single-Family Home Sales Fell in the U.S. Last Month
Sales of newly built single-family homes fell more than expected across the U.S. in October, as higher mortgage rates pushed many would-be buyers out of the market, according to data from the Commerce Department. New-home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month. Economists had forecast new home sales, which made up 15.2% of residential property sales nationwide, would fall to 723,000 units. The setback is likely temporary though, as a shortage of previously owned houses on the market persists. Reuters
Overseas Investment in Portuguese Real Estate Hit Record High This Summer
Foreign spending in Portugal’s real estate market hit new highs this summer with more than €1.1 billion (US$1.21 billion) invested between July and September, according to statistics from the Bank of Portugal. This summer’s spending marked a surge of 26% compared to the same time last year, and comes despite the end of the country’s golden visa program, which offered residence permits through real estate investment. Spanish investors were the highest-spending cohort of international buyers in the third-quarter, followed by those in France, the U.K. and China. The Portugal News
Chinese Buyers Increasingly Investing in Japan’s Property Market
Affluent Chinese home buyers are increasingly relocating to Japan, particularly in cities like Tokyo and Osaka, and are “upending” the country’s luxury real estate market. Recent transplants, who are affluent and financially savvy, are attracted to Japan’s cost-effectiveness. “The cost and difficulty for Chinese nationals trying to go to the U.S. now is much higher. Also, the cost of moving to Singapore is going up, so many people think Japan is a reasonable option,” said Wang Yun, chief consultant for Support Gyoseishoshi Law Firm. The Japan Times
Australian Beach Shack on the Market for Millions
A turquoise-painted beach shack on the Australian coast is on the market for A$2.5 million (US$1.66 million), thanks to its coveted location. The humble three-bedroom, one-bathroom abode is less than 1,000 feet from Seven Mile Beach in Lennox Head, a village within the highly sought-after Northern Rivers region of New South Wales. “For over 50 years, this much-adored beachside bungalow has been owned by the same family,” said the listing, held by Elders Real Estate Lennox Head. “There is now a rare opportunity to immerse yourself in the village environment for the next 50 years.” Domain
AROUND NEWS CORP
Bay Area Estate Asks $16 Million More Than its 2020 Sale Price [The Wall Street Journal]
Gold Walls and Frills—Inside Carrie and Boris Johnson’s Home [The Times of London]
It’s Time for a Style Refresh! R.I.P. To These 7 Decor Trends From 2023 [Realtor.com]
Less Than a Fifth of Victorian Homes Are Cheaper to Buy Than Rent [news.com.au]
