UNITED STATES
A new report from Douglas Elliman finds that both sales and median prices in the celebrity-filled summer retreat of The Hamptons have fallen with the former dropping 15.7% and the latter falling 6.5%. [CNBC] The New York Post profiles the real estate revival of Roosevelt Island and unique Manhattan living experience the island provides. [New York Post] Boston.com examines the divergent real estate realities of the city’s condo market where sales of high-end units have doubled as sales of more affordable properties have plunged. [Boston.com]More: How to Sell a Luxury Property The owners of the Koppers Chocolate want to convert their former factory in Manhattan’s West Village into a luxury condo building. [DNAinfo]
AUSTRALASIA
Regulators in New Zealand and Australia are formulating measures to reign in their respective country’s rapidly rising housing prices. [The Wall Street Journal] The Courier Mail compares what A$1 million will buy you in Brisbane versus Sydney, where the median home price just passed A$1 million. [Courier Mail]
ASIA
Forbes profiles the Singaporean firm Aspial, a jewelry retailer turned real estate developer with several luxury condo projects taking root in Australia. [Forbes] Lawmakers in the Maldives have voted to allow foreign ownership of land in the tropical nation for the first time. [The Business Times]
EUROPE
Property prices in prime London locations are finally seeing reductions as the once booming market begins to experience a slowdown. [The Wall Street Journal]More: Demand on the Rise in London After Months of Decline
CANADA
A high-end realtor in Ottawa shut down increasing online rumors that Kayne West and Kim Kardashian were planning on buying a waterfront property in the city. [Ottawa Sun]
CARIBBEAN
Growing tourism, political and economic stability and good value has investors searching for bargain real estate throughout the Caribbean with an eye on strong returns. [PropertyShowrooms.com] International developers banking on the improvement of U.S.-Cuba relations are planning a number of golf resort projects on the island. [OPP.Today]More: Cuba Calling: An Island Eager for Investment
INTERNATIONAL
Enjoy a tour of eight homes appropriate for a lottery winner. [stuff.co.nz]
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