For Home Buyers, This Housing Market Is Even Worse Than During the Great Recession
2023 is shaping up to record the lowest level of home sales since 2008. Read More
BY THE NUMBERS
| CONTENT FROM: 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
SPECIAL REPORT
Luxurious but Low-Key, Austria’s Alpine Town Kitzbühel Is Picture—and Powder—Perfect
Its legendary slopes attract athletes, celebrities, notably Arnold Schwarzenegger, and enthusiastic fans from around the world. Read More
LISTING OF THE DAY
Inside Toms Shoes Founder Blake MyCoskie’s Costa Rican Refuge
The two three-bedroom houses both have pools and lush landscaping, and the property’s just a two-minute walk to a white-sand beach. Read More
REBUILDS & RENOS
A Couple With Lots of Renovating History Remake a Jackson Hole, Wyoming, Home to Fit Their Personal Style
The home with stunning views of the Grand Tetons gets all new furnishings, balconies and a completely redone yard. Read More
NEWS BITES
Former Connecticut Home of Fashion Designer Tommy Hilfiger Lists for $9.7 Million
Fashion designer Tommy Hilfiger’s former home in Greenwich, Connecticut, has hit the market for a hair under $9.7 million. The property includes an English manor-style home that dates to 1932, a guest apartment above the garage and a poolside cabana. The main house, close to 7,500 square feet, offers period details such as wood floors, high ceilings, and decorative molding and wainscoting. Other amenities include four fireplaces and multiple patios, as well as a pool and landscaped gardens. There’s also a professional tennis court where Wojciech Fibak, a former professional tennis player from Poland, who also once owned the property, competed against eight-time Grand Slam champ Ivan Lendl, originally from the Czech Republic. Robb Report
Private Australian Island Priced to Sell for Less than a City Abode
A private Australian island is being offered for A$2.75 million (US$4.34 million)—less than an uninhabitable house in inner-Brisbane. Case in point: A house in the neighborhood of New Farm recently sold for A$3.85 million after being reclaimed by the bank. Victor Island, as it is known, is located in Whitsundays, Queensland. It’s more than 8 acres and offers a beach house and has a caretaker’s cottage, as well as access to the clear blue waters of the Coral Sea. The eco-friendly main residence has four bedrooms and town bathrooms, and features water views and landscaped gardens. realestate.com.au
Canadian Housing Starts Rose 8% in September
The number of housing starts—the beginning of construction of a new residence—in cities rose 8% in September compared to August, according to the Canada Mortgage and Housing Corp. Year over year, the pace of urban housing starts was up 9% last month, with single-family home starts in cities increasing 3%. BNN Bloomberg
Scraping Hong Kong Cooling Measures Likely to Bring More Buyers to the Market
More than a quarter of potential Hong Kong home buyers would jump back into the housing market if the city’s government scraps property cooling measures, according to a survey by Midland Realty. About 28% said they would rather buy a house than rent a flat in the next six months, but government regulations are holding them back. If the cooling measures remain, only 13.7% said they would be willing to purchase a home in the coming months. Chief Executive John Lee Ka-chiu could announce the relaxation of property curbs on Oct. 25, according to reports. That could include the scrapping or lowering of stamp duties on some transactions. South China Morning Post
AROUND NEWS CORP
Former Ralph Lauren Executive’s Hudson Valley Home Is Decked Out in Plaid [The Wall Street Journal]
Should Stamp Duty Be Cut for Downsizers? [The Times of London]
The Weird Way We Bought Our Dream Home—and Beat the Housing Market’s Affordability Crisis [Realtor.com]
Are These Darwin, Australia’s Priciest Patches of Dirt? [news.com.au]
