Jackson Hole, Wyoming, Isn’t the Only Remote Western Locale With Trophy Homes and Big Views. Here Are Five Alternatives.
From Whitefish, Montana, to Moab, Utah, follow wealthy home buyers in seeking out enticing opportunities at a lower price point. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: Cabot St. Lucia |
 |
Cabot Saint Lucia
Situated on one of the Caribbean’s most stunning islands, Cabot Saint Lucia offers world-class golf by Coore & Crenshaw, private homeownership, and luxurious wellness amenities. Home prices start from $5M.
Explore
|
|
|
TRENDING TODAY
LISTING OF THE DAY
The Priciest Home on Texas’s Cedar Creek Lake Is This 30-Acre Family Compound
The sale includes furnishings, recreational vehicles and pastureland for horses and cattle. Read More
THE INSIDERS
Like Film, Design Has the Power to Transport, Says New York Interior Designer
Gideon Mendelson, who majored in architecture and minored in film, elaborates on the common threads between movies and residential design. Read More
NEWS BITES
30% of U.K. Landlords Plan to Sell Property Over the Next Year
Rising interest rates aren’t just creating havoc for would-be buyers—they’re impacting landlords, too. According to a survey from Landbay, a buy-to-rent loan institution, 30% of U.K. landlords are planning to sell properties over the next 12 months. Sixty percent blamed the ever-escalating interest rates, while 45% said that the rents generated by their properties don’t cover the mortgage costs. Other top concerns for soon-to-be sellers included landlord taxation (47%) and Energy Performance Certificate requirements (40%). PropertyWire
Surfer’s Paradise is the Top-Selling Location in Queensland, Australia
What’s something that high interest rates can’t compete with? Beautiful beaches. Despite elevated rates and rising prices, Surfer’s Paradise, a suburb in Queensland, Australia, famous for (you guessed it) its wonderful waterfront, saw a 62% increase in unit sales from April to May. The number of apartments sold in the tourist hot spot was more than double any other location in the state, according to Infotrack’s latest market update, with Surfer’s Paradise accounting for 25% of all units sold in Queensland, followed by West End, Brisbane City, Broadbeach, Southport and Varsity Lakes, each with about 9% in sales. realestate.com.au
Singapore Home Sales Hit Six-Month Low
Limited supply and higher taxes have sent Singapore home sales sliding. According to figures from the Urban Redevelopment Authority, just 278 privately owned apartments were sold in June, down from 1,038 such units in May. It was the fewest monthly sales since December, when only 170 homes were sold. Industry analysts point to tight supply as part of the sales slump, but another contributing factor is a government-instituted market-cooling measure, which doubled the stamp duty tax on foreign buyers to 60%, taking a severe bite out of foreign-buyer demand. South China Morning Post
Canadian Home Prices Could End the Year up 8.5%
Canadian home prices in the nation will be up 8.5% by the end of 2023 despite any further interest rate hikes, according to a forecast from Canadian-based real estate company Royal LePage. Such an increase would bring the national aggregate home price to C$821,454 (US$623,857), up from C$757,100 at the end of 2022. This prediction marks a revision of Royal LePage’s previous forecast from April, when it anticipated that home prices in Canada would only grow 4.5%. The company cited “strong activity and price appreciation” through the first half of the year as the reason behind the revision. Vancouver Sun
AROUND NEWS CORP
This Bronx Neighborhood Is One of NYC’s Hottest Apartment Markets [The Wall Street Journal]
Making a Holiday Home Pay Its Way [The Times of London]
Landmarked Fort Greene Brownstone Lists for the First Time in 45 Years [New York Post]
7 Tips for Throwing a Housewarming Party for Your Apartment [Realtor.com]
