Mansion Global

Global Update: Spain's Spirit Soars

News from luxury-home markets around the world

Save

Realtors are expressing greater confidence in the Spanish home market at the start of 2015.

Getty Images
Realtors are expressing greater confidence in the Spanish home market at the start of 2015.
Getty Images

We told you things are turning around in Spain. The latest Spanish Property Market Confidence Index (SPMCI) from Spanish property portal Kyero reports that “71% of agents in the country have more confidence in the property market in Q1 2015 compared to a year earlier.” [Property Showrooms] Developers are determined to bring domiciles to downtown L.A. Developer Jason Lin has unveiled plans for a $100 million luxury high-rise condo tower near the Staples Center, noting that “only about 10% of the more than 500,000 people who come to work downtown every day live there.” [The Los Angeles Times] Wish your pied-à-terre had the amenities of a four-star resort? You’re in luck. In a growing trend, London’s high-end hotels are offering private apartments, ranging from £1.3 million to £10 million(US$2 million to US $15.5 million), within their facilities. [The Telegraph] Enjoy the best of life, all the way to the end. Australian developer Mark Moran is working on a series of “ultra-luxury retirement facilities staffed by former employees of high-end resorts.” [The Australian] Shangri La comes to Sri Lanka. The Hong Kong-based developer Shangri La Hotels and Resorts announced plans for The Residences at One Galle Face, a $500 million beachside luxury residential, commercial and retail project in Galle Face, Colombo “targeting at foreign investors, expatriates and an expanding class of influential Sri Lankans.” [Lanka Business Online] It’ll be Good Day Sunshines and Golden Slumbers on the Upper East Side for Sir Paul McCartney. The Beatle bought a $15.5 million penthouse duplex, which “boasts glamorous Central Park views,” at 1045 Fifth Avenue. [New York Post] Selling the old to build the new. The New South Wales government, seeking to raise $500 million (US $391 million) for new housing projects, has sold Grimes Cottage at Miller’s Point, “one of the oldest surviving residential buildings in central Sydney.” The five-bedroom home fetched $4.23 million (US $3.3 million U.S.) at auction. [Business Insider Australia] Have an update for Mansion Global? Write to us at info@mansionglobal.com

Read More: - How To Buy Beachfront in Mexico- Orange County Nears Peak Prices- Latin Americans Fuel Rebound in Madrid