London’s Wealthiest House Shoppers Are Buying Bigger and Spending More This Year
The average ultra-prime house sale has jumped to £30 million from £21 million during the first five months of last year, according to a new report. 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
Foreigners Fueled London’s Ultra-Luxury Home Market. Now They’re Moving to Its Historic Rival.
Paris has emerged as the clearest beneficiary of Brexit, with the luxury housing market seeing steady price growth amid a global slowdown. Read More
LISTING OF THE DAY
A Victorian-Era Montreal Landmark Is Selling for C$25 Million
The historic property is the third-oldest home in the city’s affluent Westmount suburb. Read More
DESIGNER’S CORNER
Go Undercover: Stylish Ways Create Shade on a Rooftop or Terrace
Go for the fringed parasol or opt for retractable shades, a louvered roof system and climbing plants for a touch of beauty. Read More
NEWS BITES
Rents Are Surging Across the U.K.
Rental properties across the U.K. are seeing their monthly prices soar, growing at the fastest rate in seven years, according to data from the Office for National Statistics. In the year to May, rents grew 5% nationwide, and 5.1% in London, where increases were the most acute. Prices are jumping as rental demand is being pushed higher by a growing number of would-be home buyers, who, instead of buying amid high mortgage rates, are turning to the rental market. Financial Times
Scottish Farmhouse Tied to World War II Hits the Market
A rural Scottish farmhouse on an estate where the Royal Air Force held secret meetings during World War II, including planning for D-Day, also known as the Normandy landings, has hit the market asking for offers over £330,000 (US$420,040). Dankeith Farmhouse, in Kilmarnock, South Ayrshire, has been owned by the same family for 54 years and has four bedrooms, stables, a workshop and a “party shed.” Daily Mail
Under-Construction Mansion in Brisbane Is Australia’s Most Viewed Listing
The most coveted home on the market in Australia is a A$15 million (US$10.17 million) under-construction mansion in a leafy pocket of Brisbane. Known as Hacienda, the five-bedroom contemporary pad neighbors Indooroopilly Golf Course and has logged more views than any other listing on property portal realestate.com.au this week. It has amenities including a 3,000-bottle humidified wine cellar, four fireplaces, an outdoor kitchen, a pizza oven and a swimming pool. realestate.com.au
Lamborghini Launches Branded Residences in Spain
Lamborghini has joined the cohort of high-end brands embarking on real estate collaborations, pairing up with real estate developer Dar Global for Tierra Viva, a newly announced development in the heart of Spain’s Andalusian hills. “This partnership represents the merging of Lamborghini’s luxury super sports car essence and Dar Global’s proficiency in real estate,” said Stephan Winkelmann, CEO of Automobili Lamborghini. “Tierra Viva embodies the core and power of Lamborghini and its unrestricted nature, interpreted into an architectural masterpiece.” Gulf News
AROUND NEWS CORP
With $250 Million Ask, A Storied Bel-Air Estate Becomes America’s Priciest Home [The Wall Street Journal]
‘We Built Our Dream House in the Middle of London for £1.1 Million’ [The Times of London]
State of the Nation’s Housing: Fewer First-Time Buyers Can Compete in Today’s Pricey Market [Realtor.com]
Over-the-Top ‘Harry Potter’ Meets ‘Game of Thrones’ Castle Finds a Buyer [New York Post]
