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Mansion Global Daily: A Lack of Listings in the U.K., How to Design a Stylish Office, and More

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

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British Columbia’s Fraser Valley will have a new residential sales record if a newly listed home is able to sell for the C$26 million (US$21.9 million) it’s asking.

Focus Media
British Columbia’s Fraser Valley will have a new residential sales record if a newly listed home is able to sell for the C$26 million (US$21.9 million) it’s asking.
Focus Media

A Hollywood-Style Mansion Could Break Records in British Columbia

The 72-acre Villa di Fonti serves as the main stage for television drama "Unreal." Read More

BY THE NUMBERS 

TRENDING TODAY 

LISTING OF THE DAY 

A Turnkey Georgian Townhouse in Exclusive Connaught Square in Central London

This Grade II-listed Georgian townhouse in Central London’s Connaught Square sits just across the square from former Prime Minister Tony Blair and his wife, Cherie. Read More

DESIGNER'S CORNER 

Function and Beauty Come Together in Creating the Perfect Home Office

Tips from the pros on how to create your perfect workspace. Read More

NEWS BITES 

July Saw the Fewest Number of U.K. Listings for Sale Since 2002 New data from the National Association of Estate Agents shows the number of U.K. homes per estate agent branch at just 35 in July, up from 30 in June, but marking the lowest July numbers since they began tracking in 2002. The number of people looking for a home also fell by 10%, per the association, and the number of homes selling above ask fell to just 3% of transactions. City A.M.Limited Inventory Pushed Southern California Home Prices Skyward in July The median sales price in Southern California rose to $501,000 in July, marking a steep 7.7% increase from the previous year, the largest price jump in 2.5 years, and nearly hitting the previous record price set in 2007. This happened in spite of a 2.3% decline in sales transactions. "There’s no inventory," Redfin’s Cody Coffman said. "It’s causing [selling] prices to go significantly over asking." Los Angeles TimesUnaffordable Home Prices Loom Large in New Zealand’s Upcoming Election A combination of record immigration, lack of supply, and low interest rates has pushed New Zealand home prices up by 34% in the past three years, while the portion of owner-occupied homes dropped to 63%, down from its 1990s high of 74%. This has left many New Zealanders unable to purchase property and angry at the government for lack of intervention, making housing controls a big-ticket issue in the upcoming general election. The Labor Party is proposing more aggressive solutions than the National Party, including a ban on sales to non-resident foreigners. Gulf NewsKushner Companies File Plans for Luxury Residential Tower in Brooklyn A 737-unit luxury condo building in Brooklyn’s Dumbo neighborhood is one step closer to reality. Kushner Companies, the business owned by the family of senior Trump adviser Jared Kushner, has filed plans for a 21-story building, with retail space at the ground level. The developers paid Jehovah’s Witnesses $345 million for the site at 85 Jay St. Kushner Companies is working with CIM Group and LIVWRK on the building; Morris Adjmi is designing it. The Real Deal

AROUND NEWS CORP 

A Massachusetts Couple Creates a Place to Chill When Days Are Hot [The Wall Street Journal]

Americans Who Live Far From Coasts Should Also Worry About Flooding [MarketWatch]

Katharine Hepburn's Connecticut Estate Finally Sells [New York Post]

5 Types of Real Estate Agents You'll Meet: Which One Is Right for You? [Realtor.com]