Buyers From Hong Kong, China, Dominate London’s Luxury Real Estate
Investors from the two regions now account for 15% of international buyer transactions priced above £1 million in the city. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Family Compound With 525 Feet of Frontage on Canada’s Lake Simcoe
The private estate has two large homes, a pool, a tennis court—and a working lighthouse. Read More
SMART HOMES
Useful Gadgets for Making Great Video Calls
With these handy devices, it will feel like you’re in the room even if you’re a world away. Read More
NEWS BITES
Pending Home Sales Surged Across the U.S. in May
The number of homes in contract across the U.S. jumped 44% monthly in May. The surge in pending sales—a leading indicator of activity—was the highest monthly increase recorded since 2001, and demonstrates early signs of recovery after the coronavirus pandemic stalled the market. CNN
U.S. Embassy in Israel Lists Ambassador’s Residence for $87 Million
The U.S. Embassy in Israel has listed the ambassador’s official residence in coastal Herzliya for 300 million shekels (US$86.9 million). The 11,000-square-foot villa, built in the 1960s, comes with a pool, a hot tub and views of the Mediterranean Sea. It would likely be demolished to make way for a new home. Times of Israel
Demand for Scottish Real Estate Jumps as Housing Market Reopens
Scotland’s housing market reopened Monday after spending weeks on hiatus amid the coronavirus pandemic, and business resumed with a bang. In the last week alone, the Bank of Scotland reported a 75% increase in online mortgage applications and a 470% surge in people seeking an appointment with a lender. The government has laid out rules guidance on how the market can operate safely. Scottish Housing News
Aspen, Colorado, Mansion Loaded with Artworks Asking $12.9 Million
A mansion in Aspen, Colorado, that doubles as a gallery for the owner’s art collection is on the market for $12.9 million. Set in Starwood, a private gated community, the seven-bedroom house spans more than 9,500 square feet and sits on two acres of lush land that is currently home to a sculpture garden with more than 30 pieces. Robb Report
AROUND NEWS CORP
Millions of American Homes at Greater Flood Risk Than Government Estimates, New Study Says [The Wall Street Journal]
Cleaning Rules Mean Month’s Wait to View Hot Properties [The Times of London]
Shipping Container Home in Colorado Delivers Picture Perfect Views [realtor.com]
Early Retirees Were Supposed to Be Able to Depend on Rental Income. What They Should Do Now. [Barron's]