‘Grace Kelly Found the Springs Soothing.’ French Villa Where the Princess Recharged Lists for €11.5 Million.
The Côte d’Azur estate, situated within a nature reserve, has been known for centuries for the healing properties of its two fresh-water streams. Read More
BY THE NUMBERS
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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.
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TRENDING TODAY
LISTING OF THE DAY
Inside NBA Great Kiki VanDeWeghe’s Reimagined Mid-Century House Outside Los Angeles
Amenities include a pool and pool house, a putting green, two bars, an outdoor kitchen, a rooftop deck, tons of glass sliders and a ‘Mad Men’ retro vibe. Read More
SMART HOMES
Live Your Own Nature Doc With High-Tech Cameras to Capture Backyard Wildlife
It’s a wonderful world out there, and these intelligent cameras will help you see it. Read More
NEWS BITES
London Homeowners Face Threat of Slumping Values
Homeowners in London have been warned that the value of their property could plummet if mortgage rates remain elevated. The market, so far, has proved resilient against the 13 rate hikes from the Bank of England which have pushed the cost of borrowing from 0.1% in December 2021 to 5% now. But of the roughly 1 million fixed-rate mortgages that have to be refinanced by the end of the year, around 100,000 are on London properties, which will expose owners in the city to rising repayment costs, which could quicken property price falls. Evening Standard
American Appetite for Spanish Living Is on the Up
Americans are increasingly turning to Spain to live and buy homes, according to a report from the General Council of Notaries in Spain. The number of Americans living in Spain grew by 13% from 2019 to 2021, and home sales to Americans jumped 88% from the first half of 2019 to the first half of 2022. U.S. buyers are focusing on urban areas like Madrid and Valencia, attracted to their job opportunities and amenities. CNBC
Sydney Hoarder’s House Sells in Multimillion-Dollar Deal
A former hoarder’s house in the affluent Sydney suburb of Paddington sold over the weekend to a local family keen to renovate for A$3.85 million (US$2.6 million). The four-bedroom house had been in the same family for several decades, and the late owner’s daughters cleared out as much of the home—which was packed to the ceiling with their father’s belongings—as they could before the sale. Domain
House Prices in Germany Are Falling at Their Quickest Pace Since 2004
German home prices fell at their fastest pace in almost two decades in June, according to Europace, the country’s largest online housing and personal financing transaction platform. Values fell 13.1% annually last month, the largest decline since October 2004. Higher borrowing costs, inflation and weaker economic growth have contributed to the drop. Financial institutions have projected further price declines across the German property market, which is undergoing a significant shift to a buyer’s market. MarketScreener
AROUND NEWS CORP
A Minnesota Couple Welcomed Two Bundles of Joy: A New Baby and a $185,000 Kitchen [The Wall Street Journal]
Inside Springfield Village: London’s Newest Neighbourhood [The Times of London]
Wall Street Is Eyeing This Long Island Area as the ‘New Hamptons’ [New York Post]
Stop Believin’! 4 Housing Market Myths Hurting Today’s Buyers and Sellers [Realtor.com]
