Millionaires Are Moving to These Countries in Droves
A wave of high-net-worth individuals looking to relocate is forecast to grow next year, and there are already clear winners. Read More
BY THE NUMBERS
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TRENDING TODAY
MANSION GLOBAL BOUTIQUE
LISTING OF THE DAY
Newly Built Hawaiian Retreat Leads Outdoors at Every Turn
The house is under construction in the 1,010-acre Kukuiula resort. Read More
DESIGNER’S CORNER
Whimsical Design Ideas to Lighten the Winter Doldrums
A little playfulness can lift the mood, whether that’s finding vintage items that spark joy, adding bold patterns or leaning into contrasting colors. Read More
NEWS BITES
Mookie Betts Drops $15 Million on Encino Estate in Los Angeles
Los Angeles Dodgers star Mookie Betts has purchased a $15 million estate in Los Angeles that’s tucked into the Encino hills overlooking the San Fernando Valley. It’s one of the biggest real estate deals on record in the sleepy suburb-turned-affluent neighborhood. Built in 1986, the 9,300-square-foot spread recently underwent a full remodel by local developer Jeff Huberts, who acquired the property for about $6.8 million last year. Tucked behind security gates and a long driveway, the home has eight bedrooms, 10.5 bathrooms and a three-car garage. Other amenities include a pool, a full-size tennis court and about 2.2 acres of land. Robb Report
U.S. Mortgage Rate Declines to 6.83%, the Lowest Since June
The 30-year mortgage rate in the U.S. dropped to 6.83% last week, hitting its lowest level since June as the Federal Reserve signaled it still planned to cut borrowing costs in the new year. Interest rates have not been below 7% since July 28, and in late October, they hit a two-decade high when they reached nearly 8%. Fed chair Jerome Powell said the progress on inflation means that the rate hikes that began in March 2022 are likely done. Still, refinance and purchase applications slightly declined last week. Reuters
A U.K. Mansion Once Home to Napoleon’s Brothers and J.P. Morgan Asks £75 Million
A stately mansion located in Buckinghamshire, England, that has been home to Napoleon Bonaparte’s brothers and American financier J.P. Morgan is now on the market for £75 Million (US$95 million). Named Denham Place, King Joseph-Napoleon Bonaparte and King Jerome-Napoleon Bonaparte lived there in the 1830s after Napoleon fell from power. Morgan, on the other hand, made the mansion his English country retreat from 1853 to 1913. Across the 28,000-square-foot home, there are 12 bedrooms, 12 bathrooms and 12 reception rooms, as well as a gym and a bar. Daily Mail
British Columbia Brokerage Fined for Selling Home Without Owner’s Consent
Several real estate professionals and a brokerage in Richmond, British Columbia, have been fined more than C$300,000 (US$225,205) for selling an unoccupied home without the owner’s consent. In 2019, the five-bedroom, six-bathroom home that’s been owned by a Chinese businesswoman since 2004 was sold for C$1.7 million in a fraudulent transaction. The British Columbia Financial Services Authority said at least two men were involved in the scheme, with one posing as the home’s owner. Though the agents, brokers and brokerage were not complicit in the fraud, the government agency said they did not do their due diligence in the sale, including verifying identification documents. Vancouver Sun
AROUND NEWS CORP
A North Florida Home Wants 83% More Than its Last Sale Price in 2020 [The Wall Street Journal]
Your Guide to Buying a Ski Home in a Classic Alpine Resort [The Times of London]
Home Maintenance Costs Are Higher Than Ever: Here Are 5 Ways to Save [Realtor.com]
Savannah Guthrie Rents out NYC Loft Asking $30K/Month After Finding No Buyers [New York Post]
