San Francisco Area Home Prices Rose for the First Time in a Year in August
August unexpectedly set a record for luxury home sales in the Bay Area, according to Compass. Read More
BY THE NUMBERS
| CONTENT FROM: 200 Amsterdam |
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Debuting Premier Full Floor Residence, 41
Presenting the most versatile, classically composed, four-bedroom residence with epic Central Park and Hudson River views. Discover 200 Amsterdam’s Penthouse Collection, crowning its landmark tower. At 80% sold with limited inventory remaining – 200 Amsterdam is the top selling building in NYC. 3-5 bedrooms, full floor & duplex residences from $5.35M. Immediate Occupancy.
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TRENDING TODAY
LISTING OF THE DAY
Stone Mansion With a Secret Door in the Library Channels English Country in New York
The home in Bedford is located in a gated community about an hour from Manhattan. Read More
SMART HOMES
Energize Your Espresso Game With These Intelligent Machine
Whether you’re seeking caffeination or comfort, these clever coffee makers will improve your existence. Read More
NEWS BITES
Florida Homeowners Are Facing Surging Home Insurance Costs
The wealthy owners of Florida’s costliest homes are now facing five- to six-figure insurance policies to protect their abodes from climate-related disasters like rising sea levels and tropical storms. “I’ve done this for 32 years, and I’ve never seen rates rise the way it’s happening today. If you’re getting a rate increase under 20%, it’s almost a gift,” said Cindy Zobian, managing director at insurance broker Alliant Private Client, adding that increases of 800% are closer to the new standard. Robb Report
This Australian Home Comes With an Award-Winning Pool
A home on the market for A$1.43 million (US$918,281) in Alice Springs, a town in Australia’s Northern Territory, comes with an award-winning swimming pool. The lauded amenity is an almost 40-foot-long in-ground pool with a waterfall and a built-in spa. It was crowned 2022’s Pool of the Year for Australia and New Zealand in the Leisure Pool Awards. The wider property, in the suburb of Ilparpa, has four bedrooms, high ceilings and an entertainer’s kitchen. Domain
Chinese Architects Are Feeling the Impact of the Country’s Property Industry Troubles
Architects in China are grappling with the effects of the country’s real estate market crisis. Dezeen spoke to architects based in Beijing, Shanghai, Guangzhou and Shenzhen who reported widespread layoffs, pay cuts and wage arrears in the industry in the past year. “You are having a good day if you leave work before 10 p.m.,” said one young architect and former employee of state-owned firm Shenzhen General Institute of Architecture Design & Research. “I know some of my colleagues have worked until 3 a.m. consecutively for three months.” Dezeen
Prices Are Rising for Dubai’s Apartments
Apartments in Dubai, which make up roughly 85% of the housing supply in the Middle Eastern city, have seen their values surge. Prices for apartments rose 20% on average in the year through August, marking the largest gain logged since November 2014, according to real estate adviser CBRE. The gains outpaced price increases of 17.3% for single-family homes. “As affordability gets constrained, demand for apartments is surging because they tend to be cheaper in general,” said Taimur Khan, CBRE’s head of research. “Also, rental yields in Dubai are considerably higher than what investors can get in London, New York or Hong Kong.” Alarabiya News
AROUND NEWS CORP
Los Angeles Site Where Mohamed Hadid Planned 100,000-Square-Foot Compound Lists for $68 Million [The Wall Street Journal]
‘We Needed to Put an Ocean Between Us and Some Harrowing Memories’ [The Times of London]
Beyond Margaritaville: Dive Into Jimmy Buffett’s Distinctive Real Estate Portfolio [Realtor.com]
Fraudster Melissa Caddick’s Penthouse to Make Huge Profit [news.com.au]
