Mansion Global

Global Update: Will the Dollar Doom Miami?

News from luxury-home markets around the world

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The view from a $13.9 million three-bedroom, four-bathroom penthouse at 2901 Collins Avenue in Miami Beach.

ONE SOTHEBY'S INTERNATIONAL REALTY
The view from a $13.9 million three-bedroom, four-bathroom penthouse at 2901 Collins Avenue in Miami Beach.
ONE SOTHEBY'S INTERNATIONAL REALTY

With talk that Sydney is firmly ensconced in a housing bubble, The Sydney Morning Herald examines the empirical methods for making such a determination. [Sydney Morning Herald] The strengthening dollar spells trouble for Miami’s once burgeoning luxury condo market. [Bloomberg] San Francisco has begun tracking the number and cost of tenant buyouts by landlords. The Examiner delves into this new data, illuminating what was previously a speculative and anecdotal affair. [San Francisco Examiner] The rising price of property in Sydney, and elsewhere in Australia, has realtors hoping that the long-stagnant holiday-home market in ski regions like Jindabyne will begin to experience some price elevation. [Domain] A $1.15 billion mixed-use project in London’s Shoreditch area will incorporate the remains of Shakespeare’s 16th century Curtain Theatre and feature a 40-story residential tower. It will be appropriately named The Stage. [GlobeSt.com] Looking to escape New York City this summer? Dan’s Papers breakdown the five most luxurious Hamptons rentals for July. [Dan’s Papers] San Francisco’s 42-story luxury condo tower Lumina, which features a $49 million penthouse (view listing), will begin sales next week. “We are seeing great strength across the building from the cheapest studio with no view to very expensive three-plus bedrooms at the top,” said Tishman Speyer senior managing director Carl Shannon. [San Francisco Business Times]View full listing (pictured) Have an update for Mansion Global? Write to us at info@mansionglobal.com

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