Credit Suisse CEO Thiam ‘Bullish’ on Real Estate and Eurozone
The bank chief executive says he is optimistic about Europe’s economy ‘for the first time’ in his career. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A Modernized 18th Century Irish Villa Retains Its Classical Charm
Recently renovated with cutting-edge technology, Emsworth sits on 17 acres of land. Read More
SMART HOMES
Black Friday Specials for the Smart Home
It’s the most wonderful time of the year—when retailers offer deep discounts on high-tech devices. Read More
NEWS BITES
Lot Where Jackie Robinson’s House Once Stood Is for Sale Sports fans now have the chance to own a piece of baseball and American history, as the Pasadena address once belonging to Jackie Robinson has hit the market for $649,000. Robinson’s home, which he occupied from 1922 to 1946, no longer stands, having been replaced in 1977 by a 2,000-square-foot three-bedroom home, but a plaque commemorating his residence on the site remains. Los Angeles Times Hedge Fund Chief Leon Shaulov in Contract on $32M Hamptons Estate After buying a $27 million Downtown Manhattan penthouse earlier this year, Leon Shaulov, a hedge fund manager and former trader at the disgraced and now-shuttered Galleon Group, reportedly paid $32 million for a 7,200-square-foot, four-bedroom beachfront Southampton house. The property comes with 200 feet of private beach, and the ability to build up to 13,000 additional square feet. The Real Deal
Cupertino ‘Teardown’ Sells for $2 Million in a Day In Cupertino, California, where Apple is headquartered, a 79-year-old, 1,015-square-foot home that was described by a local news station as a "teardown" sold for $100,000 over its $1.9 million asking price and in just one day. The speed at which it happened shows just how tight inventory is in the popular Northern California area of Silicon Valley. Curbed San Francisco
It Takes a $171,000 Salary to Buy in San Francisco A salary of at least $171,000 a year is needed to own a house in San Francisco, according to mortgage research site HSH’s most recent quarterly report, a figure that’s risen by $10,000 since May. The site looked at an area that included San Francisco proper, Oakland and Hayward and used an average home price of $900,000, a 30-year fixed rate mortgage of 4.12% and an assumption that housing payments not exceed 30% of income. While the recommendation was $161,000 in May, that itself was a dramatic increase from 2014 when the number was $137,000. Curbed
Thailand Courts Foreign Investors Thailand is making a push to lure foreign investors in for more than just a visit. The Authority of Tourism has begun an initiative that includes offering extended visas that will let foreigners stay for up to 20 years. While Bangkok has long been a popular spot for condo purchases, international buyers are now looking to Chiang Mai, Phuket and Pattayaas well. South China Morning Post
AROUND NEWS CORP
Wealthy Asian Buyers Scoop Up Trophy Properties in London [The Wall Street Journal]
Existing-Home Sales Rebound in October Even as Inventory Crunch Worsens [MarketWatch]
A New Agricultural Revolution [The Times of London]
In Defense of Formal Dining Rooms: 3 Reasons They Rock [Realtor.com]