The U.K. luxury-home market may have gotten ahead of itself as buyers push back against record asking prices. “For some vendors, the champagne has perhaps gone to their heads,” Camilla Dell, managing partner at broker Black Brick Property Solutions, told Bloomberg. [Bloomberg]

Egypt has plans to build a series of new luxury developments in the deserts surrounding Cairo. But how will these homes get their water? [The National]

The Boston Redevelopment Authority is recommending a green light for the construction of a 600-foot super luxury condo/mixed-use tower overlooking the Boston Harbor. If the project comes to fruition, it will be one of the tallest buildings in Boston. []

New data from the Canadian Association of Accredited Mortgage Professionals finds that the escalating real estate prices in Vancouver and Toronto, which have been the subject of some debate, appear to be limited to those two regions and are not leading to elevating home prices across the nation. [Financial Post]

Reserve Bank of Australia Governor Glenn Stevens is very concerned about Sydney’s “crazy” property prices, but remains open to cutting interest rates further. []

In a blog post, Savills asks investors and real estate developers to consider the drivers of a city’s success in order to make profitable location decisions. [Savills]

Crain’s reports that Tishman Speyer is buying a $300 million development site in Manhattan’s Hudson Yards area, making it the third major developer to build in the neighborhood. The land will accommodate a 640,000-square-foot mixed-use property, including a residential or hotel development. [Crain’s]

After accepting the job as head coach of the Chicago Bears, John Fox is listing his Charlotte, North Carolina mansion for $7 million. []

Check out these sleek residential towers in southeast London. Are they real or are they renderings? [Curbed]

The New York Times offers a profile on the prime property market in the Laurentians mountains in southern Quebec. [The New York Times]

A new report from Jones Lang LaSalle identifies Gurgaon as an ideal location for those looking for luxury living in India, due to its expanding infrastructure and “a number of luxury housing projects that are either operational or nearing completion/under construction.” [Money Control]

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