Mansion Global Daily will be off Thursday, Nov. 23, due to the U.S. Thanksgiving holiday and will return Friday, Nov. 24.
Nine-Figure Listing in Los Angeles Gets $10 Million Price Cut
The Bel Air spec house—formerly asking $100M—has been relisted for $90M. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Triplex Penthouse in the Middle of Miami With 5,000 Square Feet of Terraces
There’s even a private roof deck with a pool. Read More
DESIGNER'S CORNER
How to Lighten Up Even the Darkest Rooms
Because not every part of your home can be bright and airy. Read More
NEWS BITES
U.K. Residents Pay the Highest Housing Costs in the E.U. U.K. residents spend 27.1% of their incomes on housing and utilities, according to data from Eurostat, making them among the most cost-burdened residents of the E.U. The only countries with higher housing costs are Denmark (where residents pay 29.1% of their income), and Finland (where residents pay 28.4%). On average, Europeans spend 24.5% of their income on housing, and the cheapest place to live is Malta. City A.M.
Wayne Brady Lists His Sherman Oaks Home for $3 Million Television host Wayne Brady has put his Sherman Oaks home on the market for $3 million, after purchasing it two years ago for slightly more than $2.5 million. The 4,200-square-foot five-bedroom home sits on a three-acre hillside parcel. The main living space includes a stone fireplace, wet bar, and a view of the city skyline and canyons, and there’s a kidney-shaped pool in the backyard. Variety
Co-Living Trend Is Taking off for Wealthy Young Chinese Developers are working quickly to provide high-end co-living options for Chinese renters as the trend gains in popularity and receives government backing. One new Beijing project, Longfor, will include 462 rooms for rent, co-working space, a cafeteria, gym, pool, and tennis tables. It’s currently 60% leased, with prices 15% to 20% higher than other co-living spaces in the area, bringing rents to 4,190 yuan (US$633) per month for a 15 square meter room. South China Morning Post
A Waterfront Coral Gables, Florida Home Is Asking $10 Million A Mediterranean-style home with 210 feet of water frontage on Biscayne Bay has listed for $9.975 million, or $1,553 per square foot. The asking price makes it one of the 10 most expensive homes in Coral Gables. The four-bedroom house features an elevator, movie theater, and four-car garage. Curbed Miami
Concerns over Dubai’s Oversupply Problem Are Overblown, Say Developers Amid concerns about excess supply in Dubai’s housing market, some developers are confident that the flood of new apartments won’t pose a problem. In the next five years, 163,840 units are expected to be built, but Hussain Sajwani of Damac calculated the need for 20,000 new homes per year, a figure that falls short of other current building forecasts. "This is still short of the supply needed to balance demand in Dubai," he said. "Fears of oversupply are blown out of proportion." Khaleej Times
AROUND NEWS CORP
The Latest Luxury Amenity: Blue Lagoons [The Wall Street Journal]
A House With Add-On Appeal [The Times of London]
Mortgage Rates Head Lower Ahead of Big Decisions From Fed, Congress [MarketWatch]
5 Holiday Splurges to Avoid If You Hope to Sell Your Home Next Year [Realtor.com]