UNITED STATES
The Real Deal examines what effect China’s turbulent stock market could have on New York real estate. [The Real Deal] Undervalued and relatively unknown, Tampa Bay may be Florida’s best kept real estate secret. [Tampa Bay Times]More: Unique Amenities Abound in Miami's Competitive Condo Market While prices remain relatively flat, sales of homes in New York’s Lower Hudson Valley, including Westchester, Rockland, Putnam and Orange counties, jumped 15% in the second quarter of 2015 over the same period last year. [LoHud] A recent report named the Hamptons enclave of Sagaponack as the most expensive zip code in the United States. With that in mind, Dan’s Papers profiles some of the fine estates the town has to offer. [Dan’s Papers] Your chance to own some formerly regal realty has passed. Princess Alia Bint Al-Hussein of Jordan and husband Mohammed Al-Saleh have sold their Palm Beach home, which they purchased for $11 million in 2009, for $14.5 million. The eight-bedroom, 10,320 square foot home was originally listed for just under $18 million. [The Real Deal]
ASIA
The New Indian Express examines the rise of high-end housing across India, which saw a 26% growth in new luxury development launches in the first quarter of 2015 over the corresponding period last year. [The New Indian Express] Why you should expect Malaysian developers to ramp up their marketing efforts targeting wealthy Cambodian investors. [OPP.Today]
EUROPE
Property website Zoopla had found that the number of homes in Britain worth more than £1 million has broken 500,000 for the first time ever and that for 13 streets in London the average price of a home is worth more than £10 million. [The Guardian]
AUSTRALIA
A paper under review for the Economic Record posits that Melbourne home prices will fall about 9% in the year ahead, while Sydney home prices will rise 6% over the year and then plateau. [Sydney Morning Herald]
AFRICA
CNBC Africa discusses the burgeoning luxury real estate market in Nigeria [CNBC Africa]
INTERNATIONAL
Brokers in Australia, Britain and Canada are preparing for a possible influx in property purchases by wealthy Chinese investors seeking shelter from China’s stock market struggles. [The Guardian]More: China's Luxury Home Market Should Weather Stock Turmoil The reign of the mega-yacht is over. An Asian firm has developed a floating luxury villa, complete with an underwater bedroom, that can be moored anywhere in the world. [Daily Mail]View full listing (pictured top)
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