The Exodus Is Over: Number of Residents Leaving London Is Less Than It Was Before the Pandemic

If you live in Wolverhampton, England, it may be time to tackle that long-overdue renovation project. According to flooring specialist Mr Sander, the West Midlands city is the best place in the country to renovate a property due to the low cost of buying a home, the high rate of planning approval and the quality of tradespeople in the region. Median house prices in Wolverhampton sit at £193,707 (US$255,453)—below the national average—while the planning approval rate sits at 93.7%, and tradespeople have a score of 9.90. Unsurprisingly, London neighborhoods were named the worst places to renovate a home, with Kensington and Chelsea sitting squarely at the bottom with a median house price of £1.15 million, a planning approval rate of 85.6% and a tradesperson score of 9.90. PropertyWire

Another week, and more evidence that Shanghai’s high-end home market remains a potent force despite the struggles of the overall property market. All 33 units offered in the initial launch of the Blossoms China luxury residential project this past Sunday were secured by affluent buyers, bringing the developer 1.8 billion yuan (US$252.8 million). It has been the same story for Shanghai all year, with more than 1,540 high-end properties priced at 30 million yuan or above selling in the first half of 2024—the most in 10 years. South China Morning Post

Character actor Adam Goldberg, a current cast member on CBS’s “The Equalizer” but perhaps best known for his roles in the movies “Saving Private Ryan” and “Dazed and Confused,” has listed a renovated 1950s home in Los Angeles’s Loz Feliz neighborhood for $3.5 million. The property, which Goldberg purchased for $2.5 million in 2019 with his wife, designer and illustrator Roxanne Daner, features five bedrooms and four bathrooms spread over 3,300 square feet. Other highlights include a primary suite with a private balcony, a combination living-dining room with a white brick fireplace, and an outdoor heated lap pool. Robb Report

Short-term rentals in Dubai are reshaping the rental market with demand up 30% compared to a year ago, data shows. The trend is offering strong returns for savvy property owners, and creating attractive accommodation options to visitors. “Dubai’s vibrant tourism scene ensures strong demand for short-term rentals, offering landlords and investors a steady and profitable income stream,” said Anthony Joseph Abou Jaoude, CEO of Primestay, a holiday home rental company in Dubai. MENAFN