Led Zeppelin’s John Paul Jones Once Owned This £9.75 Million Riverfront Home
The newly listed house in England’s Devon has a pool, a boathouse and an old religious school where the rocker practiced. Read More
BY THE NUMBERS
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Working on Your ESG Core
Consumers, investors, employees, stakeholders—the demand for organizations to integrate ESG considerations into the core of how they do business is plentiful. The ability of internal audit teams to rise to the challenge and apply their financial reporting discipline and focus to ESG risk and reporting should not be underestimated.
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TRENDING TODAY
SPECIAL REPORT
Paris’s Eclectic Architecture Tells a Story That Goes Back Centuries
Gothic, French Renaissance, Classical Revival, Flamboyant, and Belle Epoque are just some of the styles that gives the city its unique beauty. Read More
LISTING OF THE DAY
Get Views of Big Ben and Westminster Abbey From a Mansion-Sized London Penthouse
Known as the Astor, the apartment has a separate guest suite, a palatial reception room and a rooftop terrace with prime views. Read More
TAX TALK
Are Property Taxes Going to Be Lowered in Texas?
The state’s House and Senate are locked in a debate over how to lower Texans’ tax bills, which are some of the highest in the nation. Read More
NEWS BITES
Rising Mortgage Rates May Cause U.K. Home Sales to Drop as Much as 25% This Year
U.K. home sales could drop as much as 25% this year, and may not recover until 2025 because of the recent rise in mortgage rates to above 6%, according to the latest analysis by London-based research firm Capital Economics. House prices are predicted to fall 12% below current levels, the firm said. However, if the current 6% rate stays the norm for longer than expected, prices could drop as much as 25%. Housing Today
Stockholm Megaproject Is Set to Be the ‘World’s Largest Wooded City’
“The world’s largest wooden city” is being created in Stockholm. Copenhagen-based Henning Larsen and White Arkitekter, based in Sweden, are behind the designs for the more than 60-acre Stockholm Wood City, a mixed-use project set to have the “serenity of a forest.” Developed by Atrium Ljungberg, the project will use more timber than any other project and bring 2,000 homes to the region, as well as 7,000 office spaces. Dezeen
Hoping for Quick Sales, Hong Kong Developers Drop Home Prices
Developers in Hong Kong are setting new home prices at levels not seen for five years, hoping to promote sales ahead of further increases to interest rates and before a spate of new supply comes to market. For example, Henderson Land Development will offer the first batch of 148 flats in the 740-unit Henley Park in Kai Tak at an average of HK$21,088 (US$2,694) per square foot after discounts, which amounts to about 15% less than comparable new residences in the area. South China Morning Post
Luxury Homes Selling Fast in Mumbai, Leaving City With Lowest Inventory in Years
The supply of unsold luxury homes in Mumbai fell by 25% year over year in the first quarter, according to data from the real estate agency Anarock Group. Homes priced at 25 million rupees (US$305,119) are considered luxury in the Indian city, and, at the end of March, Mumbai had 15,520 units of unsold apartments at that price point—the lowest inventory of luxury homes seen in the city for a long time, said Anuj Puri, chairman of Anarock Group. “Luxury homes have been driving housing sales across most cities since the first Covid-19 wave. The quest for more space—one of the defining characteristics of luxury homes—fuels most of this demand,” Puri said. Business Insider India
AROUND NEWS CORP
A 33-Year-Old Interior Designer Is Renovating Her Way Through This Small Oklahoma Town [The Wall Street Journal]
Why It’s the Perfect Time to Buy a Holiday Home in Discreet Crete [The Times of London]
Buyers Beware! Hidden Private Transfer Fees Revealed [Realtor.com]
Entire Connecticut Island off Mystic River Lists for $900K—and Quickly Sells [New York Post]
