London Apartment Sales Are Back After Falling out of Favor During the Pandemic’s Peak
In the city’s prime central neighborhoods, flats accounted for three-quarters of home sales at the end of 2022, the highest level in three years. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
A Blufftop Japanese-Inspired Mansion in the Heart of Honolulu Gets Wide-Angle Ocean Views
The remodeled, five-bedroom home is being sold furnished, with luxury designs by Hermes, Fendi, Mies van der Rohe, B&B and Louis Vuitton. Read More
THE INSIDERS
‘People Look Better in Pink Lighting,’ Says This Interior Designer
By-the-book design is out, and individuality is in, according to Crystal Sinclair, who recently unveiled a 1970s-inspired unit at 393 West End Avenue in Manhattan. Read More
NEWS BITES
Melbourne Mansion Inspired by a Paris Museum Hits the Market for A$9.2 Million
A limestone mansion in Toorak, an affluent suburb of Melbourne, Australia, that was inspired by Paris’s Petit Palais museum has hit the market with a price guide between A$9.2 million and A$10 million (US$6.4 million and US$7 million). The three-bedroom house features French oak chevron floors, French gutter cornices and handmade European doors. Additionally, a geometrical staircase with a wrought-iron balustrade and a formal dining room were also modeled after those at the Petit Palais. The property has a four-car garage, solar-powered swimming pool and an outdoor kitchen with a built-in bar. realestate.com.au
Dublin Rents Soared Amid Shortage of Supply
The average rent in Dublin rose 13.7% in 2022 to €2,300 (US$2,466) per month amid a shortage of rentals across the country, according to a report from Daft.ie, a property portal. As of Feb. 1, there were 1,096 homes available to rent, down 20% from a year ago and down 25% compared to the average level during 2015-19. While there are regional differences, all parts of the country are experiencing year-over-year increases in asking rents, the report said. Irish Mirror
Amsterdam Aims to Solve Housing Crisis by 2040
Amsterstam is aiming to solve its housing crisis by 2040 by building more homes and tackling vacancies, the mayor and city council said on Monday. The existing homes “must become affordable again, be of good quality, and not be used as a revenue model,” head of public housing Zita Pels said. Furthermore, the city committed to building 7,500 annually, prioritizing housing for seniors and families. They’ll also build between 2,500 and 3,000 temporary homes where people can live for a maximum of 15 years. NL Times
San Francisco’s Average Sales Price Fell Below Asking for the First Time Since 2012
The average sales price in the San Francisco Bay area fell below the average listing price last year for the first time since early 2012, the latest Redfin data show. The average sale-to-list percentage—which denotes widespread bidding wars if over 100%—was 99.2% in December, the first time it fell below 100% since February 2012. During the pandemic peak in April 2022, the ratio was 111.6%, meaning a typical home sold for 11.6% above its listing price. The Real Deal
AROUND NEWS CORP
Three in Four Homeowners Fear Fixed Rate Cliff Due to RBA Actions [news.com.au]
Bank of Mum and Dad Doles out £14 Billion a Year to Help Adult Children [The Times of London]
The Housing Market Warms up, but This Twist Could Plunge It Back Into a Freeze [Realtor.com]
J. Lo and Ben Affleck Finally Find California Dream House [New York Post]
