Sweat Birds Are Making Cool Ski Towns Hot Summer Destinations
Snowbirds fleeing icy gray winters flock to Florida and Palm Springs, but people who live in hot places often prefer the reverse commute to cool mountains and lakes come summer. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: Deloitte |
 |
A Way to Maximize Your Multicloud Strategy
Most enterprises use multiple cloud platforms—inadvertently—from bringing in new services ad hoc without a holistic strategy. The complexities of maintaining a multicloud environment include holes in security, redundant services and difficulty finding workers. To simplify cloud management—and fully realize the benefits of their cloud investments—some are turning to a new strategy.
Learn More
|
|
|
TRENDING TODAY
LISTING OF THE DAY
Kenzo Takada Recreated a Piece of Japan in Paris
The fashion designer’s longtime home in Bastille has gardens, a traditional tea ceremony room and lots of wood craftsmanship. Read More
THE INSIDERS
Creating a Luxury Home Also Means Creating ‘Peace of Mind’
Eleanor Brown, Southworth Development’s first sustainability director, on expanding eco-friendly design and business at the high end. Read More
NEWS BITES
Rising Rents in the U.K. Keep Potential Tenants From Leaving Home
Thanks to rising rents, the number of tenants leaving their family’s home for their own place has been steadily declining across Britain since 2015. Eight years ago, first-time renters made up 6.1%, or 71,860 new rented households, of all tenants moving into a new home, but during the first five months of the year, that number has dropped to 4.6%, which is about 43,280 newly rented homes. Rental growth has begun to cool, however, and is expected to continue to do so through the rest of the year, giving first-time renters more opportunity to move out on their own. In May, the average rent on a newly let home was up 9.1% year over year, down from 11.1% annual growth in April. PropertyWire
Mark Ballas of ‘Dancing With the Stars’ Lists L.A. Home
Professional ballroom dancer Mark Ballas, who gained fame from 20 seasons on “Dancing With the Stars,” has listed his Los Angeles home for $2.395 million. Built in 1952, the Laurel Canyon house is 2,104 square feet, with four bedrooms and two bathrooms. Though a dance studio would be expected, the home actually features a music studio, which could be converted into an additional bedroom if the new buyer is less musically inclined. Ballas purchased the home back in 2017 for $1.7 million and initially put the home on the market back in April for $2.549 million. Realtor.com
U.A.E. Mortgage Lenders Lower Completion Requirement for off-Plan Projects
Off-plan property buyers in the U.A.E. can now get mortgages sooner as lenders have eased the completion-level requirement. Previously, buyers could only get a mortgage once the project had reached 80% construction completion, but now, lenders are willing to grant mortgages once the property has hit 50% completion. As the U.A.E. sees an influx of new buyers, this change will benefit both resident and overseas buyers. Additionally, this is good news for Dubai’s property market as it becomes increasingly reliant on off-plan launches to keep up with demand. Gulf News
Average Apartment Sizes Are Getting Bigger in Major Indian Cities
Real estate developers in parts of India are building larger apartments to keep up with demand, and the average size of new flats that launched during the first quarter rose 5% since last year across seven major cities, according to property consultant Anarock. The average apartment size among these seven cities is now 1,225 square feet. Of the cities, Delhi-NCR saw the biggest increase in size, with the average flat now spanning 1,700 square feet, a 50% annual increase. Kolkata followed with a 44% increase to 1,150 square feet. The Hindu Businessline
AROUND NEWS CORP
Rents Keep Rising, but More Slowly. It’s Good for Inflation. [Barron’s]
Your Chance to Rent a Royal Goddaughter’s Bahamas Retreat [The Times of London]
First-Time Home Buyers: Here’s How to Take on the Biggest Challenges You Face in This Real Estate Market [MarketWatch]
19 Champagne Suburbs Where You Can Buy a Home on a Beer Budget [news.com.au]
