The federal income tax overhaul and weakening dollar are expected to help boost South Florida further in 2018. Read More
BY THE NUMBERS
LISTING OF THE DAY
The Boca Raton home also has a 6,700-square-foot gym. Read More
Give the gift of connected tech that will transform a house into a home. Read More
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.
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.
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.
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.
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]