Mansion Global

Global Update: London Real Estate Ripe for Disruption

News from luxury home markets around the world

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The exterior of $13.9M three bedroom, 2 bathroom residence in London, England.

CHRISTIE’S INTERNATIONAL REAL ESTATE
The exterior of $13.9M three bedroom, 2 bathroom residence in London, England.
CHRISTIE’S INTERNATIONAL REAL ESTATE

UNITED STATES

Spurred on by an improving economy, luxury home sales in the California capital of Sacramento and surrounding areas has jumped 47% in the second quarter of 2015, compared to the same period last year. [Sacramento Business Journal] An increasing number of affluent and famous buyers in New York City are using clandestine methods to obscure their property purchases from prying eyes. [New York Daily News] The Las Vegas Review-Journal profiles Sin City’s unique luxury rental market. [The Las Vegas Review-Journal]More: What’s Happening in Vegas? Luxury Sales are Rebounding The auction block is becoming a popular option for those looking to sell luxury homes in the winter sport paradise of Park City, Utah. [The Salt Lake Tribune] A first look at the 154,019 square foot, 13- story condo project coming to 70 Vestry Street in Manhattan’s Tribeca neighborhood. [New York YIMBY]

EUROPE

Property site Rightmove finds a reversal of a long-standing trend in the United Kingdom’s real estate market with prices rising in northeast England and dropping in the London neighborhoods of Kensington and Chelsea. [The Guardian]More: Demand on the Rise in London After Months of Decline TechCrunch identifies the London real estate market as one “ripe for disruption.” [TechCrunch] Peter Cooper,of Gulf Business, posits that we may have seen the peak for London property prices. [Gulf Business]

AUSTRALIA

Slow winters for the Sydney property market are a thing of the past as low interest rates and lack of supply keep the traditionally quiet season thriving. [The Daily Telegraph] A seven-bedroom waterfront home in the Sydney suburb of Cabarita set a record this past weekend when it sold for $4.7 million (US$3.4 million) at auction - nearly $1 million (US$737,350) more than what the sellers paid for the property a year ago. [Herald Sun] The Daily Telegraph explores the phenomenon of cash-rich Chinese students buying high-end residences in Sydney’s university suburbs. [The Daily Telegraph]

CANADA

David P. Ball and Katie Hyslop of The Tyee offer tips on how to reign in Vancouver’s gangbusters real estate market. [The Tyee]More: Vancouver’s International AppealView full listing (pictured top)

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