You Can Rent the Trump Family ‘Beach House’ in Palm Beach for $195,000 a Month
The eight-bedroom Florida mansion is a stone’s throw from Donald Trump’s Mar-a-Lago. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: 450 Washington Tribeca |
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Waterfront Residences By Related
Located along Tribeca’s historic waterfront and the spectacular Hudson River Park, 450 Washington by Related is a beautiful property with 176 perfectly detailed residences. Where sun, water and parks meet downtown, 450 Washington features fine modern detailing conceived by Roger Ferris + Partners. Residences range from open plan Studios to Four-Bedrooms. Priced from $939,000.
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TRENDING TODAY
SPECIAL REPORT
Lights, Water, Relaxation: How to Create the Perfect Home Spa
Whether with traditional treatments or modern wellness advances, physical and mental rejuvenation can be available to you 24/7 in your own space. Read More
LISTING OF THE DAY
A Victorian Villa Is Selling on the Jousting Yard of Henry VIII’s Childhood Home
Eltham Palace was a royal favorite in the 14th century for hunting in the surrounding parks. Read More
DESIGNER’S CORNER
The Art of Finding and Blending Upcycled Furniture
Have a vision, get acquainted with local dealers, and balance old and new. Read More
NEWS BITES
London Renters Face Low Supply, High Costs
It’s not an easy time to be a renter in London. Flat dwellers in the capital city are facing the highest costs since 2012, while limited supply and robust competition are poised to keep prices elevated for the near future. According to the Office of National Statistics, rents increased 4.8% in the year to March, up from 4.6% in the year to February. Further data from rental portal Spareroom has found that the average asking price of rent in London has increased to £952 so far this year, up 20% from £794 for the same period last year. “There’s now not a single London postcode with an average monthly rent under £700,” said Matt Hutchinson, director at SpareRoom. City A.M.
Byron Bay Led Australia in Price Growth Over Last Decade
It’s been quite a decade for Australian home prices, but investors who purchased in one particular suburb have extra reason to smile. According to analysis by PropTrack, the celeb-soaked suburb of Byron Bay was the top-performing region of the past 10 years, with median home prices growing 361% from 2013, from A$650,000 to A$3 million (US$2.01 million). Bright in Victoria took the No. 2 spot with 256.6% median home price growth over the decade (from A$362,500 to A$1.292 million) followed by Suffolk Park in New South Wales at 256.1% (from A$590,000 to A$2.1 million). realestate.com.au
Canadians Should Prepare to Spend More on Housing
Housing costs may need to claim a larger portion of household budgets in the near future, according to Charles St. Arnaud, the chief economist at Alberta Central and a former economist at the Bank of Canada. Citing scarce inventory, strong immigration and high interest rates that will put greater pressure on the rental market, Mr. St. Arnaud told BNN Bloomberg that they experts “always say households shouldn’t pay more than 30% of their income in shelter costs, at some point that might have to be thrown out the window.” As households allocate more money toward the cost of housing, Mr. St. Arnaud noted, it could have a knock-on effect on consumer spending as individuals will have less resources to commit to other parts of the economy. BNN Bloomberg
Abu Dhabi Is off to a Strong Start in 2023
Abu Dhabi’s housing market has been full of momentum for the first few months of the year. According to the latest housing report from housing portal Property Finder, total transaction values in the U.A.E. capital for the first quarter of the year hit AED 11.6 billion (US$3.15 billion), more than three times the value (AED 3.6 billion) for the same period last year. Asking prices for apartments and villas both saw 7% growth in the first quarter compared to last year, while rental prices also jumped in the city, with apartments and villas seeing 7% and 2% growth, respectively. The National
AROUND NEWS CORP
Inside a Texas Socialite’s Party Palace, Where She Entertained Tom Brady and George H.W. Bush [The Wall Street Journal]
Why Brits Are Ditching Cornwall for the West Coast of Ireland [The Times of London]
Is Legal Marijuana Giving Local Housing Markets in 2023 a Buzz? [Realtor.com]
Limits to Rent Increases Will Give Tenants “a Fair Go,” According to Queensland Government [news.com.au]
