New York’s Million-Dollar Home Buyers Should Look in These Five Neighborhoods
With properties in these Manhattan and Brooklyn spots spending more time on the market, buyers have more freedom to negotiate. Read More
BY THE NUMBERS
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Tuscany Luxury Mansion with Vineyards and Olive Groves
Luxury 92-acre Mansion with SuperTuscan vineyards and olive groves, amazing views, pool, heliport, paddocks for sale in Tuscany. Breathed by the sea breezes, in an evocative setting, rustic Tuscan style boasting stone walls, double-height ceilings, exposed wooden beams combined with elements of natural stone and marble. A spa, 30 bedrooms, elegant halls and living areas with fireplaces.
Explore This Luxury Mansion with SuperTuscan Vineyards
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TRENDING TODAY
LISTING OF THE DAY
A Revivalist 1930s Landmark Is Selling in Toronto
The six-bedroom house in the city’s Armour Heights neighborhood was lavishly restored in 2018. Read More
DESIGNER’S CORNER
Choosing Vegan Isn’t Inferior Design
Plant-based products can help avoid hidden animal-sourced materials in your home decor. Read More
NEWS BITES
Master Builders Award-Winning Home Hits the Market in Australia
A home in Campbell, a suburb of Canberra, the capital city of Australia, that won a Master Builders award is now for sale. The modern home, which has four bedrooms and three bathrooms, has a guide price starting at A$2.6 million (US$1.69 million). The star of the home’s tranquil interiors is the hydrotherapy pool, which is surrounded by Bali-green stone tiles and lush greenery. Other Zen-like features include Japanese-style gardens and a courtyard. It also has a six-star energy rating, with triple-glazed windows, solar roof panels and batteries adding to the home’s energy efficiency. Allhomes
‘Holiday Lending’ Halted in Two U.K. Regions to Protect Residents
Leeds Building Society has stopped lending to holiday rental landlords in North Norfolk and North Yorkshire in an effort to diminish the number of Airbnbs and other short-term rentals in the two areas. The increase of vacation rentals has increasingly become an issue as it has cut the number of homes available to local residents. “We will learn through the trial how effective this measure can be in increasing [the] supply of residential homes and gain greater insight on steps that can make a positive difference,” said Richard Fearon, chief executive of Leeds Building Society. These lending restrictions will take effect at the end of March. PropertyWire
Record Producer L.A. Reid Cuts the Price on His Bel-Air Home
Record executive and producer L.A. Reid—who’s worked with stars like Rihanna, Justin Bieber and Kanye West—has slashed the price on his Bel-Air mansion. Reid listed the home last March for $21.5 million, but he’s recently cut the asking price to $17.5 million. Built in 2014, the 11,246-square-foot spread is surrounded by canyon views and embraces indoor-outdoor living with its floor-to-ceiling glass walls and sliding doors. There are seven bedrooms and 10 bathrooms, with a primary suite that features a walk-in infrared sauna, a red-light therapy machine and a steam shower in its bathroom. Sitting on an acre, the grounds include an infinity pool and spa, an outdoor kitchen and a gazebo. Realtor.com
Hong Kong to Grant More Mortgages to Boost Property Market
The Hong Kong Monetary Authority is relaxing lending policies in the city in an effort to revive the suffering real estate market. Effective immediately, homes priced at less than HK$30 million (US$3.83 million) will now be entitled to 70% mortgage financing, whereas the previous rule only granted 60% credit to flats valued betweened HK$15 million and HK$30 million, according to the Hong Kong Monetary Authority. Luxury homes, or properties priced at more than HK$35 million, will be entitled to a 60% mortgage. Additionally, rental properties that will not be used by the owners, the maximum loan-to-value ratio will be increased from 50% to 60%. South China Morning Post
AROUND NEWS CORP
Millionaire Home Buyers Have Turned Paradise Valley Into ‘a Different World’ [The Wall Street Journal]
Have You Heard of Pass the Castle? It’s the Poshest Game Going. [The Times of London]
The Bank of Mom and Dad: How to Compete Against ‘Nepo Home Buyers’ [Realtor.com]
Home Prices Hit a High in 2023. Limited Supply Continues to Fuel Gains. [Barron’s]
