Multi-Million Dollar ‘Lifestyle’ Ranches Are a Strong Draw For Wealthy
Markets may fluctuate, but high-net-worth buyers will pay a premium for the romanticism, natural beauty and pristine hunting and fishing of the U.S West. Read More
BY THE NUMBERS
Manhattan's luxury real estate market had its slowest week of the year.
TRENDING TODAY
LISTING OF THE DAY
A Uniquely Spacious London Flat in a Prime Location
The Queen’s Gate apartment is suited for entertaining, and also has some musical connections. Read More
SMART HOMES
Technology to Help the Whole Family Get Back-to-School
From managing schedules to making good grades, new technologies are essential school supplies. Read More
NEWS BITES
Sydney Sale Breaks Centennial Park Record The record for a home price sale in Centennial Park, in the Eastern Suburbs of Sydney, has been blown through with the off-market sale of the historic Crossways home for A$15 million (US$12 million). The six-bedroom, five-bathroom home at 50 Martin Road is a textbook example of Federation Arts & Crafts style in Australia and was also designed by the architect B.J. Waterhouse of Waterhouse and Lake. The sale shows the strength of the high-end market in the Eastern Suburbs. Realestate.com.au
Chinese Mainland Buyers Flock to Flushing, New York Property developers are focusing their attention on Flushing, Queens, which has grown to become one of the largest Chinese communities in the United States. Developers are catering to the Chinese expat community, building projects that would be at home in an Asian city. For example, Toronto developer Onex Real Estate Partner’s Sky View Parc, which sits above a mall on the 7 Subway line, closely resembles the retail and residential projects above MTR stations in Hong Kong. South China Morning Post
Dubai Off-Plan Launches a Good Thing So Far In the first half of 2017, according to data from the Dubai Land Department, 68 new projects were launched, at a value of Dh21 billion (US$5.7 billion). Dubai has a very large supply expected to come to market over the next four years. However, especially in the off-plan residential property segment, it seems like the increase in supply is being well-absorbed. A decline in prices has lured buyers, and smaller units, good prices and payment plans have all been a boon for buyers of off-plan properties. Khaleej Times
Despite Supposed Slowdown, U.K. Builder Redrow Sees Profits Jump Although the U.K. housing market is rocky, profits at U.K. builder Redrow jumped in the year ending in June. Profits went up 26% to £315 million (US$409 million), with total revenues of £1.66 billion (US$2.1 billion), a 20% increase on the previous year. Meanwhile, the average selling property price increased 7% to £309,800 (US$401,000). On the basis of this news, the company’s dividend went up 70%, and shares rose 5.8%. City A.M.
AROUND NEWS CORP
Before Harvey, Houston Had a Glut of Rentals. Not Any More [The Wall Street Journal]
6 Home Renovations That Pamper Pets Beyond Compare [Realtor.com]
These Are the Best and Worst Places to Raise a Family in America [Moneyish]
How an Early Retiree Can Get a Mortgage Without a Steady Income [MarketWatch]