Manhattan buyers spent 24.5% more on average to live in condos designed by Pritzker Prize winners. Read More
BY THE NUMBERS
LISTING OF THE DAY
The California house was built for its current owners in 2008. Read More
Nathalie Hirst says the market in the British capital is “very, very slow,” and that “anyone who tells you otherwise is lying.” Read More
Australia’s Victoria Sees a Surge in Prestige Property Sales
While Australian cities like Melbourne and Sydney are seeing a slowdown after years of nonstop growth, Victoria’s luxury market is heating up, seeing an increase in the number of sales for properties asking seven figures and up in its surrounding areas. In addition to an influx of buyers driven out of Melbourne, wealthy, retired local farmers are also reportedly flooding the market.
Buddy Holly’s Former New York Home Hits Market for $1.6 Million
A one-bedroom apartment at 11 Fifth Ave. that 1950s rock ’n roll star Buddy Holly once rented for $1,000 per month, according to historian James Nevius, is now a co-op and just hit the market for $1.6 million. The Greenwich Village apartment has an office area and a terrace overlooking Fifth Avenue.
Manchester Named Best U.K. City to Be a Landlord
Manchester is the best city in the U.K. to invest in real estate, according to price comparison site Gocompare. The Northern England city had the U.K.’s highest average yield at 5.55%. London, which has higher rents but much higher sales prices, too, came in second behind Manchester, followed by Nottingham and Liverpool.
MAG Lifestyle to Build 367 New Units in Dubai’s Jumeirah Village Circle
MAG Lifestyle Development has announced two new projects in Jumeirah Village Circle—two 20-floor residential towers with 223 and 144 units, respectively. The project will cost Dh300 million (US$82 million), and is MAG’s first foray into the area.
AROUND NEWS CORP
Say Bye to Bling and Hello to Stealth Luxe [The Times of London]
This Is What Home Buyers Are Having to Do to Compete in This Market [MarketWatch]
Chinese, Koreans Among Biggest Real Estate Investors [New York Post]
Diane Keaton Snags Stylish Conversion for $1.5M in Tucson’s Barrio Viejo [realtor.com]