For Golf Communities, It’s All About the Long Game
The sport and its associated residential real estate boomed during the pandemic, now developers are making changes to keep buyers and players coming. Read More
BY THE NUMBERS
| CONTENT FROM: 200 Amsterdam |
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200 Amsterdam: Highest Signed Contract on the UWS this year
Shattering recent UWS sales records, this extraordinary 4-bedroom, 4.5-bathroom terrace residence at 200 Amsterdam is a neighborhood-defining residential icon. Spanning the entire 43rd Floor and encompassing a grand 4,672 sq.ft, its sensational panoramic views and position at the nexus of Lincoln Center and Central Park set it head and shoulders above the rest.
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TRENDING TODAY
LISTING OF THE DAY
This Hawaiian Retreat Has 150 Feet of Frontage on Kauai’s Renowned Anini Beach
“The Nightingale” author Kristin Hannah lived in the open-plan contemporary for many years. Read More
THE INSIDERS
Location Matters When Creating Perfect Perks in New Developments, Says Naftali Group Executive
Danielle Naftali on the painstaking process to determine amenities in her projects, creating affordable luxury properties and why she’s bullish on Fort Lauderdale. Read More
NEWS BITES
Scotland Offers the Most Affordable Region in the U.K. for Home Buyers
If cost is a factor for home buyers in the U.K., they should look north. According to analysis from L&C Mortgages, Scotland’s East and North Ayrshire are the most affordable regions in the U.K. with a median first-time buyer house price of just £103,453 (US$132,512). The median monthly salary in the area clocks in at £2,268, just under the U.K. average of £2,322. Meanwhile, Durham claimed the No. 1 spot in England, with an average first-time buyer house price of £111,454. Unsurprisingly, the London regions of Kensington and Chelsea, and Hammersmith and Fulham captured the top spots for least affordable areas for first-time home buyers, with an average cost of £792,899. PropertyWire
London Luxury Renters Can Now Use Cryptocurrency
At least one London estate agency is tackling the capital’s challenging luxury market by embracing a diversity of payment options. Knightsbridge Prime Property said that it’s accepting a £45,000 (US$57,640) per week fee in Bitcoin from a tenant in the posh Herbert Crescent property. More of the capital’s affluent residents have turned to renting over buying as they face tight supply in the sales market and higher interest rates. City A.M.
Shanghai Sellers May Need to Slash Prices
Gloomy economic forecasts have would-be Shanghai home buyers sitting on the sidelines to wait things out, and industry insiders say sellers may need to cut prices significantly to secure deals. According to Fang.com, sale prices of new homes in China’s most-developed mainland city fell 0.2% month-over-month with an average of 65,920 yuan (US$9,167) per square meter across 1,469 transactions. But prices may have to get much lower, according to brokers, who are saying sellers may have to offer discounts of 10% to 15% to entice potential buyers. “Most customers are just taking a wait-and-see approach,” said Shi Jinbo, a sales manager with property agency 5I5J. “No recovery is in sight, although the central and municipal governments have rolled out incentives to spur home purchases.” South China Morning Post
U.S. Home Sellers Snag Top Price When They List in June
Looking to get the maximum price for your home sale? Try listing in June. According to research from property portal Zillow, U.S. home sellers who listed their property in the first two weeks of June nabbed 2.3% more—a $7,700 gain on the typical American home. Previously, May had been seen by sellers to be the top-dollar month, but Zillow’s research, which is based on 2023 sales data, suggests that elevated mortgage rates have influenced demand and pushed the typically busy spring back into early summer. World Property Journal
AROUND NEWS CORP
What’s ‘in’ and What’s ‘out’ This Spring Home-Buying Season [MarketWatch]
Why Miami Has Become a Billionaires’ Playground [The Times of London]
Finally, Affordable Homes Are Flooding the Market: Here’s Where You Can Buy Under $350K Today [Realtor.com]
‘Ruthless’: How Two in 5 Aussies Will Buy a Home in Next 5 Years [news.com.au]
