Transactions up 28%; Demand for luxury property shifts to the off-plan market. Read More
BY THE NUMBERS
LISTING OF THE DAY
Known as Bali Hai Villa, the home on the lush, green island of Kauai takes its name from the neighboring Makana Mountain. The local mountain has affectionately come to be known as Bali Hai, the mythical island featured in the 1958 Rodgers and Hammerstein musical “South Pacific.” Read More
The stereotypical image of a man cave is often cause for shudder, especially for the partner who has to live with it. But this den for dudes doesn’t have to be cave-like at all—or have a lazy lounger in sight. Read More
For the First Time in Years, U.K. Rents Dropped in the Summer
National asking rents in Britain fell 0.2% in the three months to September, said Rightmove, the first time rents have seen a decline during this busy time of year since the company started tracking data in late 2011. The drop is thought to be due to an excess of inventory as landlords move out of London’s slow market and bring new rental properties into other parts of the country. Though prices declined in Greater London, Yorkshire, and the Humber, rents increased in other parts of the U.K., most notably with a 2.6% bump in the northeast region.
Canadian Housing Starts Dropped in September, but Not as Much as Expected
Housing starts in Canada declined slightly in September, down to 217,118, compared to 225,918 in August. An 8.2% increase in single starts was pulled down by a 10.7% decline in multiple starts, according to the Canada Mortgage Housing Corporation, though analysts had expected overall starts to drop down to 210,000.
Empty Lot Adjoining Jackie Kennedy’s Former East Hampton Property Has Sold
Jackie Kennedy’s onetime summer home, Lasata, has been on the market since May, with the option to also snap up a mostly empty, four-acre lot next door as part of a package deal. But the lot, which was asking $12 million on its own, has reportedly now sold, though the buyer has yet to be publicly identified. The lot currently has a grass tennis court on-site and is zoned to build a structure of 10,000 square feet, as well as a pool and pool house.
Approvals and Sales Keep Rising in Australia’s New Homes Market, but Growth Slows
New home approvals in Australia rose for the seventh month in a row as of August, increasing 1.1%, though falling below last year’s record levels, according to data from the Australian Bureau of Statistics. New home sales also continued to rise but at slower rates, increasing by 9.1% in September, thanks in large part to robust growth in Victoria and Western Australia.
AROUND NEWS CORP
Fernando Botero Lists New York Home and Art Studio [The Wall Street Journal]
Why Everyone’s After a Piece of East Lothian [The Times of London]
James Gandolfini’s NYC Apartment Is Finally for Sale [New York Post]
6 Big Ways to Completely Botch Buying a Home [Realtor.com]