Washington, D.C., Townhouse Tied to FTX’s Sam Bankman-Fried Is Back up for Sale
The $3.239 million listing was pulled from market earlier this year amid controversy that funds from the bankrupt crypto exchange were used to buy the house. Read More
BY THE NUMBERS
TRENDING TODAY
MANSION GLOBAL ON YOUTUBE
Inside Mariah Carey’s Stunning $5.5 Million Atlanta Mansion
Mariah Carey’s red-brick mansion in Atlanta is on offer for roughly $5.5 million. The Colonial-style nine-bedroom home sports white columns at the entrance, statement chandeliers, a pink midnight bar off the primary suite and plenty of perks for kids. Our Beckie Strum takes a look. Watch Now
LISTING OF THE DAY
Live Like Charles Dickens at This Historic London Address
The author spent the summer social season in 1861 at the grand terrace home in Regent’s Park. Read More
TAX TALK
Condos vs. Houses: How Do Property Taxes Differ in Los Angeles?
Who typically pays the transfer tax—and forthcoming mansion tax—depends on the property type. Read More
NEWS BITES
Foreign Home Buyers Are Withdrawing From Turkey
Foreign buyers purchased 3,350 homes in Turkey in February, a 27% decline year over year, according to the latest data from the Turkish Statistical Institute. Russians were the top non-citizen buyers, accounting for 1,183 purchases. Iranians bought 446 houses, while Iraqis and Ukrainians bought 173 and 142 houses, respectively. In terms of regional distribution, the Mediterranean province of Antalya ranked first with 1,261 sales to foreigners, followed by Istanbul with 1,133 sales. Hurriyet Daily News
China’s Real Estate Market Shows Signs of Stabilization
Major Chinese cities reported rising home prices last month, pointing to a stabilizing property sector, according to the National Bureau of Statistics. In February, 55 out of 70 large- and medium-sized cities saw month-on-month increases in new home prices, up from 36 in January. Meanwhile, 40 cities witnessed higher prices of existing homes, compared to just 13 in the previous month. The bureau said that the property market is still under adjustment and will gradually stabilize as the overall economy and market expectations improve. Xinhua News Agency
Young Indian Investors and Professionals Are Boosting Dubai’s Property Market
The total investments from India in Dubai’s real estate market this year is expected to reach US$4.2 billion, a significant spike from 2022, industry experts said. This is partly due to the introduction of the new 10-year Golden Visa initiative in October, which allows investors and professionals to obtain permanent residence in the U.A.E. “Traditionally, the types of Indian investors in the U.A.E.’s real estate market are primarily businessmen, high-net-worth individuals and institutional investors, besides real estate developers,” said Adil Akhtar, founder and CEO of Foremen Fiefdom, the Dubai-based real estate investment consultancy. “However, we are witnessing a paradigm shift in the investor profiles, which is the emergence of younger investors, too.” Arabian Business
31-Acre Estate in Westwood, Massachusetts, Asks $13.2 Million
A 31.43-acre estate that marries idyllic landscaping with a sleek, contemporary house in Westwood, Massachusetts, has hit the market for $13.2 million. The residence has 10,309 square feet of living space with six bedrooms and nine bathrooms. It features high ceilings, Venetian-plaster walls, porcelain-tile floors with radiant heat and floor-to-ceiling windows. Outdoors, there is a patio with an infinity pool and a hot tub, a three-car garage and a guest house. There is also a 2,800-square-foot barn with workshop space, a stream-fed pond, a boathouse with a sitting room, a dock and storage. Westwood is about 24 miles southwest of Boston. Boston.com
AROUND NEWS CORP
L.A.’s $100 Million Megamansions Are Getting Mega Price Cuts [The Wall Street Journal]
Income Squeeze to Send U.K. House Prices Crumbling 10% [The Times of London]
What Is a Tudor House? This Architectural Style Is Right Out of a Fairy Tale [Realtor.com]
Louis C.K. Sells NYC Townhouse for a Loss [New York Post]
