Retro Kitchens Are Everywhere—and the Ultimate Rejection of the Sterile Luxury Trend
Playful 1950s style spotlights details like colored cabinets, checkerboard and mosaic tile patterns, vintage lighting, and SMEG appliances. Read More
BY THE NUMBERS
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EXPERIENCE EXCEPTIONAL PRIVATE CLUB LIVING
Discover the Cornerstone Club, an awe-inspiring private Colorado Rockies club community exclusively offered by Montage Residences Real Estate. Accompanying our world-class golf course, the residential offerings at Cornerstone Club are thoughtfully designed and curated, providing a unique opportunity to own a turnkey, fully furnished cabin or private homestead within an exclusive Club atmosphere.
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TRENDING TODAY
LISTING OF THE DAY
This Minnesota Lake House Was Cutting Edge for the 1990s—and It’s Still ‘Off the Chart’
Amenities include a covered dock for a 40-foot boat, four fireplaces, a fire pit, a sauna and a new game room with a bar. Read More
THE INSIDERS
His Passion Is Creating ‘Magical Moments’ for Residents
Eric Jausseran, Four Seasons’s first cultural and lifestyle coordinator, on creating experiences for residents, from private dinners to organizing a wine festival. Read More
NEWS BITES
Home Sales Down Almost 15% in Greater Miami
It was a tough March for property transactions in the Magic City and its surrounding areas. According to the Miami Association of Realtors, total home sales were down by 14.8% year over year for the month, with single-family home sales dropping 4.8% and existing condo sales falling a substantial 22.5%. The one bright spot? Luxury home deals. Properties priced over $1 million saw a 4.47% increase in transactions, year over year in March. World Property Journal
JLL CEO: Hong Kong’s Property Market Will Be Fine
While the past four years have not been kind to Hong Kong’s property market, the city still has its staunch believers. Despite losing its many “priciest” monikers amid a pandemic, social unrest and global economic turmoil, Christian Ulbrich, CEO and president of global real estate services firm JLL, is confident that Hong Kong will bounce back. Pointing to its location, infrastructure quality, talent pool and amount of capital, Ulbrich said “It’s overall a pretty outstanding location, and pretty outstanding locations will be successful.” South China Morning Post
U.K. Sees a Surge in Struggling Landlords
A study by surveyor Landwood Group has found that more and more buy-to-rent landlords are facing financial hardships. The organization reports a 150% growth in appointments with insolvency partners over the past six months to manage the properties and assets of struggling landlords.The group points to elevated interest rates, the rising cost of living and new regulations as the culprits behind the troubles, as well as landlords who purchased portfolios at the market’s peak and are still waiting for a price rebound. PropertyWire
132-Year-Old Vancouver Home May Be Torn Down
One of Vancouver’s oldest residences, in Strathcona, the city’s oldest residential neighborhood, may be meeting its end after 132 years of existence. Built in 1892, 617 Union is a worker’s cottage, built by the laborers who came to find employment in early Vancouver. Strathcona has special zoning in place to protect properties dating to 1920 or earlier—but it only applies to homes with a floor space ratio greater than 0.6. 617 Union has a FSR of 0.3, meaning it is eligible to be demolished. While not yet approved, a development permit for a duplex has gone up at the address. Vancouver Sun
AROUND NEWS CORP
Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit. [The Wall Street Journal]
We Battled Planners and Neighbors to Build a Pair of Dream Homes on the Jurassic Coast [The Times of London]
Who’s King of Going Green? These 10 Cities Boast the Most Eco-Friendly Home Listings in the Nation [Realtor.com]
Only 0.6% of Rentals Are Affordable for Minimum Wage Workers in Australia [news.com.au]
