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Mansion Global Daily: South Florida's Future, The Most Expensive One-Bedrooms in U.K., and More

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

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South Florida Luxury Shows Resilience Despite Hurricane Irma, Political Concerns

The federal income tax overhaul and weakening dollar are expected to help boost South Florida further in 2018. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

A Florida House for Athletes—With a Full-Sized NBA-Style Basketball Court

The Boca Raton home also has a 6,700-square-foot gym. Read More

SMART HOMES

A Guide to Smart Housewarming Gifts

Give the gift of connected tech that will transform a house into a home. Read More

NEWS BITES

U.K.’s Most Expensive One-Bedrooms All Located in London The most expensive one-bedroom apartments for sale in the U.K. are all located in London, according to research from the real estate site HouseSimple. The list included 585 apartments, the most expensive of which was a Knightsbridge listing priced at £4.95 million (US$6.95 million). Of the listings priced at over £1 million ($1.4 million), 27% were located in Lambeth, 23% in Westminster and 22% in Chelsea and Kensington. The site also reported four studios for sale for over £1 million. PropertyWire

U.S. Suffers Housing, Construction Shortage With U.S. property construction close to its lowest level in 60 years, many potential buyers are finding themselves at a loss. The total home inventory hit 1.48 million in the final quarter of last year, the lowest level recorded. Low supply is being attributed to high demand, building regulations, a lack of land and a shortage of construction workers. The National Association of Home Builders estimates that fewer than 900,000 new homes will be begun this year, a factor that has incited rising prices and bidding wars. The Real Deal

Zayn Malik Buys $10M New York City Penthouse Pop star Zayn Malik has purchased a $10.69 million SoHo penthouse loft. The 3,597-square-foot 19th century apartment was purchased through an LLC, according to just-released public records. The four-bedroom, four-bathroom condo is in a former silk showroom with a 1,061-square-foot private terrace. New York Post

Private Equity Billionaire Takes $500,000 loss on Miami Condo Marc Rowan, the billionaire co-founder of Apollo Global Management, recently sold his four-bedroom, 3,420-square-foot Miami Beach condo at One Ocean for $6.5 million, according to property records. Mr. Rowan’s LLC paid a little over $7 million for the apartment in 2016, when the building was completed. The Real Deal

AROUND NEWS CORP

Midcentury But Not Kitschy: A Living Room Update [The Wall Street Journal]

How the Rollback of Obama-Era Financial Regulations Could Affect You [MarketWatch]

Tarek El Moussa Sues for $20K Over Bad Flop [New York Post]

Spring Has Sprung! Stroll Through 10 Elegant English Gardens for Inspiration [realtor.com]