UNITED STATES:
London-based startup onefinestay, a high-end airbnb, is looking to partner with sales agents, residential brokerages and co-op/condo boards as a means to expand its portfolio of short-term, prime rental property in New York City. [The Real Deal] Developer Mill Creek Residential has acquired the former Italian embassy at 2700 16th Street NW in Washington, D.C. and plans to convert the building into a luxury apartment complex while preserving the building’s Neo-Renaissance architecture. [Patch] New York brokerage house Brown Harris has acquired the Miami-based Zilbert International Realty for an undisclosed sum. Zilbert, a 30-agent company, specialized in the sale of multimillion dollar beachfront penthouses and reported $450 million in annual sales. [Daily Business Review] Forbes takes you on a tour of the homes of the highest-earning celebrities. [Forbes] Fancy a summer weekend in the city? Guest of a Guest catalogs the best luxury rentals available on airbnb right now. [Guest of a Guest] New York condo developers will launch sales of over 12,000 new units in 2015 and 2016, more than double what was on offer in 2013 and 2014. [Real Estate Investor] Is Hibiscus Island the new Miami Beach hot spot for foreign buyers? The Real Deal reports that European buyers are responsible for three multimillion dollar sales on the island in the past month. [The Real Deal] The S&P/Case-Shiller Home Price Index finds that Miami-Dade, Broward and Palm Beach home prices were up 0.6% in April compared with March, a slower growth than the previous report that found a 0.9% jump from February to March. [Miami Herald]
EUROPE:
Chinese investment in luxury real estate in Mallorca is on the rise, according to Alejandra Vanoli, managing director of Mallorca Sotheby’s International Realty. [OPP.Today]
RELATED: Tips for Americans Buying in Mallorca Investor and developers the Reuben Brothers have bought 3 miles of Ibiza beachfront from Cala Bassa to Cala Conta with plans for “luxury seafront developments.” [mixmag] Merryn Somerset Webb posits in MoneyWeek that demand for high-end real estate in London is crashing as skyrocketing prices have further reduced the available pool of buyers. [MoneyWeek]
ASIA:
The China Index Academy is reporting that the average price of a new home in the nation’s 100 major cities rose 0.56% month-to-month in June to 10,628 yuan ($1,714) per square meter. [Business Recorder] The Hong Kong Economic Journal profiles the different ways Chinese developers are leveraging the Internet to court investors. [EJ Insight]
AUSTRALIA
A seven-bedroom home in the Sydney suburb of Burwood stunned its real-estate agent when it sold for A$2.86 million (US$2.2 million), setting a new record for land value in the area. [Herald Sun]More: Australian Apartments Are Having a MomentView full listing (pictured)
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