Manhattan’s luxury housing market rebounded with gusto after a slow Thanksgiving sales week, particularly among the $10 million-plus market, according to Olshan Realty’s Monday report. Read More
BY THE NUMBERS
LISTING OF THE DAY
The training facility has Olympic pedigree and room for 52 horses. Read More
We caught up with Pritzker Prize-winning architect Richard Meier to discuss the value of waterfront property anywhere in the world, why you should take the real estate plunge, and more. Read More
London Homes Are Selling at 4% Under Asking
A new analysis from Zoopla shows that the average London property sold at 4.09% under its asking price in the year to September, a 2.13% decline from the previous year. In England and Wales, homes sold for 3.86% under asking, and in South East England, homes sold at 3.06% below ask.
Tax Issues Are Leading U.K. Landlords to Change Strategy
In the U.K., 47% of landlords have changed their investment strategies in response to tax changes, according to research from Simple Landlords. Of those surveyed, 25% ranked tax relief as their primary concern, though fewer than 10% planned to reduce the size of their portfolios. And 38% of landlords surveyed would consider forming an LLC or something similar as a buffer against recent tax reforms.
Makeup Maven Laura Mercier Buys Chelsea Apartment for $2.66 Million
After selling a two-bedroom apartment this summer for $10.6 million, Laura Mercier, founder of the French cosmetics company, has bought a two-bedroom, two-bathroom in Manhattan’s Chelsea neighborhood for $2.66 million. Reportedly, she’ll use the 1,346-square-foot apartment as a pied a terre.
High-End Buildings Headed to Tokyo, With Apartments Starting at US$8.9M
Japan’s largest privately owned developer, Mori Building Co., is building three towers in Tokyo with apartments from 1 billion yen (US$8.9 million). The development, which will cost about 400 billion yen (US$3.5 billion) to construct, is in the central district of Toranomon. It’s expected to be completed in 2020.
AROUND NEWS CORP
Hamptons House That Was Site of Murder Sells for More Than $8 Million [The Wall Street Journal]
Rent Lady Gaga’s Central Park Penthouse for $33K a Month [New York Post]
These Gifts Can Increase Your Friend’s Home Value by Thousands [MarketWatch]
Keep Your Eyes Peeled at the Open House for These Red Flags [Realtor.com]