After Residential Makeover, London’s White City Soars
The West London neighborhood is attracting high-end housing and luring creative types who may have formerly flocked to spots in the east of the city. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
New, 36th-Floor Penthouse in the Heart of Honolulu
Amenities include a rooftop pool, guesthouse and a four-car garage. Read More
SMART HOMES
High-Tech Grills Make for a Superior Summer
Upgrade your barbecue with the latest in automated outdoor cooking technology. Read More
NEWS BITES
Georgina Chapman Set to Buy Westchester Home Georgina Chapman is reportedly circling a property in an unnamed Westchester community. The fashion designer and estranged wife of Harvey Weinstein has recently sold off several homes, including properties in Amagansett, New York, the West Village of Manhattan and Westport, Connecticut. Ms. Chapman is believed to get $20 million in her divorce from Mr. Weinstein. New York Post
Pets Top Priority List for British Renters The highest priorities for renters in the United Kingdom are high-speed internet and the ability to have pets. In fact, 28% of respondents to a survey run by the home supplies company Showerstoyou said they would pay an average of £24 (US$32) extra to be able to keep pets; 21% are comfortable with an average of £19 (US$25) extra for internet. When it comes to communal amenities, 41% would pay £20 (US$27) extra for a gym, while 34% would pay £10 (US$13) extra for a laundry room. PropertyWire
China Looks to Prevent Real Estate Crash A survey has shown a 10% drop in Chinese real estate prices that has the potential to bring down the gross domestic product growth by 1%. The study from the bank BBVA suggested that while a decline of 15% to 20% in property prices could result in a recession, it’s unlikely that that will happen because of the government’s commitment to stabilizing prices as a way of avoiding a crash. Measures like curbs on buyers and more limiting monetary conditions have already cooled prices and are expected to help them continue to steady. South China Morning Post
Australia Sees Sky-High Prices for Studios A 37-square-meter Sydney studio apartment has sold for A$825,000 (US$622,623), a rate of A$22,300 (US$16,830) per square meter. Earlier in May, a studio in Bondi Beach measuring 23 square meters was sold for A$510,000 (US$384,894) or A$22,173 (US$16,734) per square meter. Some financial experts, however, warn of risks associated with studio apartments. Lenders will often require a higher deposit and borrowing capacity is often limited. News.com.au
AROUND NEWS CORP
5 Things to Know About Investing in Single-Family Rental Homes [MarketWatch]
Homeware Trends: The Future Really Is Bright [The Times of London]
Tour the Most Charming Whalers’ Cottages for Sale in Sag Harbor [New York Post]
10 Daringly Clever Door Knockers That Will Greet Guests With Panache [realtor.com]