UNITED STATES
The New York Post looks into the rapid rise of luxury residential apartment and condo buildings in Midtown South Manhattan. [New York Post] A new report by CoreLogic finds that cash deals continue to decline in Miami. Cash transactions made up 56.8% of deals in April 2015 compared to 62.4% of transactions in April 2014. [Miami Herald]More: The Drawback of a Strong Dollar One57 is far and away the winner in The Real Deal’s ranking of top-selling high-rise condos in Manhattan, besting the closest competitor by $700M. [The Real Deal] Inman offers tips on finding a price point for luxury properties in the United States. [Inman] A quarterly report from real estate brokerage Douglas Elliman has found that a surplus of inventory in Miami has slowed the pace of condo sales. [The Real Deal]
Boston.com offers a visual tour of the accelerated development of East Boston. [Boston.com] Total Mortgage takes a look at the clandestine methods employed by the rich and famous to sell their homes. [Total Mortgage]
EUROPE
The owners of a seven-story, 45-bedroom mega mansion in the Knightsbridge neighborhood of London have received a £280 million (US$437 million) offer, which they have taken “under consideration.” If sold it would be the most expensive single home ever sold in Britain. [Domain]More: Demand on the Rise in London After Months of Decline
AUSTRALIA
News.com.au’s tour of available luxury properties in Melbourne includes a silver screen (and Real Housewives) connection. [news.com.au] The Domain 2015 School Zones Report finds that up-and-coming public schools are driving up home prices in Sydney as parents target homes in desirable school catchment areas. [Domain] New figures from CoreLogic find that homes in Sydney and Melbourne are sold faster this May than the May previous, with the former dropping from 31 to 26 days and the latter falling from 43 to 32 days. [Australian Financial Review]
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