Homeowners Raise the Bar on ‘Poolscapes’

As swimming areas become status symbols, features get more jaw-dropping. Read More

BY THE NUMBERS 

TRENDING TODAY 

LISTING OF THE DAY 

This 22-Acre Island is Montana’s Largest Private Estate

The home is now significantly less than its former asking prices. Read More

THE INSIDERS 

True Luxury is about ‘Harmony and Perfection,’ Architect Says

Hani Rashid argues that the best locations are “just far enough away from everything while being near the center of it all.” Read More

NEWS BITES 

Abu Dhabi Rents to Keep Dropping Through 2018
Around 6,000 new units are expected to come on the market in Abu Dhabi before the end of the year, further driving down rents and sale prices, according to Chestertons. Apartment rents dropped 3% and villa rents 1% in the first quarter, and sale prices dropped 3% for apartments and 4% for villas. An analyst from Chestertons described Abu Dhabi housing as “continuing to face tough market conditions due to increased supply.” Khaleej Times

Confidence in U.K. Market Is on the Rise
The average asking price in London is up 3.1% in the second quarter and the U.K.’s overall housing market has started to stabilize, according to the latest report from TwentyCi. Terraced and semi-detached houses represent the largest share of sales, making up more than 55% of deals for the quarter. Steady interest rates, a stronger job market and increasing wages are thought to be behind the market improvement. PropertyWire

Australia’s ‘Most Famous Block’ Goes Up For Auction, Doesn’t Find a Buyer
A trophy estate known as “Taj on Swan"’ went up for auction over the weekend with a top bid of A$15.6 million (US$11.6 million), but ultimately failed to sell. As recently as two years ago, sellers of the 6,582-square-foot site, located in Perth suburb Peppermint Grove, had hoped to net A$30 million (US$22 million) on the sale. The current owners paid A$22.7 million (US$16.8 million) for the estate in 2007, and have been involved in stop-and-start construction projects on the site since then. The New Daily

Beijing Sees Slowest Mortgage Growth in Five Years
Beijing’s outstanding mortgage loans increased by only 9.6 billion yuan (US$1.4 billion) in the first half of 2016, compared to 103.2  billion yuan (US$1.5 billion) during the same period last year. This markets the slowest growth in loans in five years, according to Xinhua. China’s overall property investment in June also saw its weakest growth in six months, thanks in part to newly imposed government market controls, as well as slowing demand from buyers. Reuters

U.K. Mortgage Approvals Hit a Five-Month High in June
U.K. lenders approved 65,619 mortgages in June, a 1.5% month-to-month increase and the highest level of approvals since January, according to the Bank of England. The uptick appears to be driven primarily by new home purchases, rather than remortgages, and is not consistent across the entire housing market. In London’s struggling market, for instance, approvals for home purchases were still down 0.2% year-over-year. City A.M.

AROUND NEWS CORP 

Live It up as the Lord of Your Own Country Manor
[The Times of London]

Pending Home Sales Advance in June After Grim Spring Selling Season [MarketWatch]

This May Be the Smallest, Most Efficient Apartment in NYC [New York Post]

This Dome Home Is More Than Meets the Eye [realtor.com]