The Average Home Buyer Pays £8 Million. Welcome to England’s Priciest Postcode.
Unsurprisingly, London is home to the top-10 most expensive areas. Read More
BY THE NUMBERS
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Working on Your ESG Core
Consumers, investors, employees, stakeholders—the demand for organizations to integrate ESG considerations into the core of how they do business is plentiful. The ability of internal audit teams to rise to the challenge and apply their financial reporting discipline and focus to ESG risk and reporting should not be underestimated.
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TRENDING TODAY
LISTING OF THE DAY
Standard Oil Scion’s 1930 New York Mansion Still Has Its Prohibition-Era Speakeasy
Amenities at the estate on Long Island’s Gold Coast include extensive gardens and a pool. Read More
SMART HOMES
Cold, Clever and Made to Carry: A Guide to Smart Coolers
Perfect your summer outing with these high-tech, low-temp storage devices. Read More
NEWS BITES
Surge in New Construction Boosts U.S. Housing Inventory
New construction of both single- and multi-family homes in the U.S. increased by 21.7% last month compared to April, according to the Census Bureau. The surge in construction, which was a 5.7% annual increase, should be a relief for both home buyers, who have struggled with low inventory amid high mortgage rates, and renters, who should see some relief from high prices, as new supply comes to the market. Permits to build increased 5.2% in May, and more than one-third of homes for sale this spring were estimated to be new construction. Yahoo Finance
Historic Movie Theater in Nottingham, England, to Be Converted Into Apartments
Plans to convert the historic Picture House building in Nottingham’s Long Row into nine one- and two-bedroom apartments are underway. Now a Grade II-listed building, the cinema opened in 1912 as a 670-seat theater with two cafes and a restaurant and later closed in 1930. A variety of businesses have since filled the building, with a betting shop currently occupying the ground floor, while the upper floors have remained empty for a decade. Renovations will begin this month, and the flats will be brought to market in January 2024. PropertyWire
Luxury Townhouse Sales Continue to Rise in the Hamptons
A new townhouse development in the Hamptons hamlet of Water Mill, New York, has received strong sales interest. Named Watermill Crossing, the development is made up of 38 luxury townhouses ranging from $2.195 million to $2.895 million. With completion slated for the fall, there are only a few homes still available for sale. The townhouses will range in size from 2,500 to 2,800 square feet and are offered in both three- and four-bedroom configurations. Additionally, a community clubhouse will feature amenities like a pool, fitness center and EV charging stations. Real Estate Weekly
Home Prices in Canada Increased in May
Canadian home prices increased 1.6% on a monthly basis in May, according to Teranet-National BankTM Composite House Price Index. After seasonal adjustments, home prices were up 0.6%, marking the first time in 11 months that the index reported an increase in home prices after adjusting for seasonal effects. The bump in prices is being attributed to a “a rebound in the resale market over the past four months,” as a housing supply shortage continues. Eight of the 11 cities in the index had price increases, with Toronto leading with a 1.6% jump in prices. BNN Bloomberg
AROUND NEWS CORP
‘I Screamed and Ran, Called 911.’ Three Home Showings That Went South Real Fast. [The Wall Street Journal]
How to Negotiate House Prices Like a Professional [The Times of London]
Why the Cost of Owning a Home in Florida Is Skyrocketing—and What Owners Can Do to Fight Back [Realtor.com]
The Changing Face of Share Houses in Australia as Cost of Living Bites [news.com.au]
