Both Housing Supply and Demand Pick up in Prime London
Confidence returns to the capital as mini-budget chaos cools. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Live Like a King Atop Helsinki’s Marble Palace
The iconic 1918 villa designed by the noted Finnish architect Eliel Saarinen is just emerging from a conversion into four luxury apartments. Read More
SMART HOMES
Guru Gadgets: High-Tech Help for Your Yoga Routine
Employ smart technology to get your downward dogs and headstands to the next level. Read More
NEWS BITES
Four-Story Penthouse in Dubai Sells for AED 220 Million
A four-story penthouse atop a luxury development on Dubai’s affluent Palm Jumeirah island has sold for AED 220 million (US$60 million), according to the listing agency, Luxhabitat Sotheby’s International Realty. The megamansion-sized apartment spans more than 33,000 square feet with a lap pool and views over the surrounding man-made island and the landmark Burj Al Arab tower. The deal is the latest in a series of major sales in the city, which has bucked a global slowdown in luxury housing markets. Arabian Business
More Than Half of Toronto Investors Losing Money on Units in New Developments
More than half of investors in new developments in the greater Toronto area lost money on investment properties last year, according to research from the Canadian Imperial Bank of Commerce and real estate research firm Urbanation. Indeed, for about 52% of investors, mortgage costs, condo fees and property taxes totaled more than the rent collected, the data showed. On the flip side, 48% of condo investors who bought pre-construction units to rent out reported positive cash flow in 2022. “This marks a meaningful shift that may potentially signal that a change in investor behavior is on the horizon,” said Benjamin Tal of Canadian Imperial Bank of Commerce. BNN Bloomberg
Buffalo Bills GM Selling his Orchard Park Home for $1.8 Million
Buffalo Bills general manager Brandon Beane is selling his Orchard Park, New York, home for $1.8 million, making it the most expensive home for sale in the Buffalo suburb. The 10,442-square-foot mansion has four bedrooms, an indoor basketball court, an indoor pool with an attached hot tub. There’s also space for a ping-pong table and gym equipment. Beane was named the Bills’ general manager in 2017. Realtor.com
Eagles Guitarist Joe Walsh Buys Los Angeles Bungalow
Rocker Joe Walsh recently purchased a nearly 2,500-square-foot bungalow in the Los Angeles neighborhood of Sherman Oaks. Walsh, guitarist for The Eagles and in the past the James Gang, paid $2.3 million for the three-bedroom home, which is actually for his stepson Christian Quilici. Built in 1959, the home was recently renovated and features white oak hardwood floors, 10-foot ceilings and sliding glass doors throughout. The home sits on a lot of just 9,120 square feet, but that’s still enough space to accommodate a back patio, a pool, a “secret” vegetable garden and even a 400-square-foot pool house with its own fireplace and dining area. Dirt
AROUND NEWS CORP
Would You Do Acupuncture to Win a Listing? This Real-Estate Agent Did [The Wall Street Journal]
Rum-inate on This: 6 Homes With Tiki Bars to Kick off Summer Right [Realtor.com]
Forget High-Rise Living—Scottish Home Buyers Prefer Flowerbeds [The Times of London]
Shocking Sum Parents Are Willing to Give Their Kids to Purchase First House [news.com.au]
