Asia’s affluent buyers are purchasing prime European property as the euro continues its decline against every major Asian currency. [The Business Times] Demand for residential plots is about 10% higher than demand for apartments in India as buyers bet on the concept of “smart cities,” according to JLL India. [Khaleej Times] Parisian brokers are voicing concerns over President Francois Hollande’s proposed plan to cap the rent on new home leases signed in the French capital, saying it will deter investors. [Bloomberg] The Miami Herald makes the case for Fort Lauderdale as a player on the luxury real estate scene due to growing home prices, luxury property transactions and interest from the affluent abroad. [Miami Herald] Expect more aerial views in online listing galleries. Real estate broker Jeff Galindo has secured FAA approval for the use of small unmanned aircraft - drones - to photograph property for commercial purposes. Galindo appears to be the only broker in Nevada to win such approval from the FAA. [Finance & Commerce] Realtor.com investigates the “glam room,” a dedicated dressing room for the decadent diva. Is it a fast-growing trend for deluxe dwellings? Or simply an anecdotal anomaly? [realtor.com] Suchad Chiaranussatti, founder of Asian property fund SC Capital Partners, has said in an interview that the firm won’t be re-investing in the Singapore residential market until prices drop 20%-30%. Homes in Singapore have become too expensive, Chiaranussatti said. [Bloomberg] Dubai has approved the construction of 33 floating luxury homes—artificial private islands “each with its own garden, pool, and beach and tailor-made to the client’s tastes.” The developers, Oqyana Real Estate and Amillarah Private Islands, plan to offer similar homes in Maldives and off the coast of Miami. [Inhabitat] Luxury home sales are (slowly) returning to Las Vegas. According to Home Builders Research, 21 new homes valued at over $1 million were sold January to May of 2015, excluding high-rise condos. Only 34 luxury homes were sold in all of 2014 and three of such properties for 2013. [Vegas Inc]View full listing (pictured)
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