Is Now the Time To Invest in a Prime London Home?
With experts pointing toward a market about to bottom out, those prepared to hold on to their investments could benefit. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Full-Floor Penthouse in a New Upper West Side Building
This full-floor penthouse with a large outdoor terrace and great city views is in a brand-new building in a landmarked district of Manhattan’s Upper West Side. Read More
NEIGHBORHOOD NOTES
Chelsea is a ‘Suburb Within Central London’
The posh neighborhood is known for its amenities, charm, history and well-heeled—and often famous—residents. Read More
NEWS BITES
U.S. Housing Production Dropped in April but Remains Near Post-Recession High U.S. housing production dropped 3.7% in April, to a seasonally adjusted rate of 1.29 million units, after reaching an 11-year high of 1.34 million units in March. The numbers, from the U.S. Department of Housing and Urban Development, represent the number of units that would be built if the current pace continued for the next year. World Property Journal
Rick and Kathy Hilton’s Hamptons Home Is Available as a U.S. Open Rental A Southampton estate owned by Rick and Kathy Hilton is available as a rental from June 11 through June 18 during the U.S. Open golf tournament, at an asking price of $50,000. The 10,000-square-foot, seven-bedroom home sits on three acres of property and features a gunite pool with waterfall and private oceanfront beach access. The property has previously rented for $425,000 as a summer rental in 2014. Curbed Hamptons
Demand From Foreign Buyers in Australia Expected to Surge in the Next Decade In spite of recent government efforts to curb foreign property investment, Lord Andrew Hay of Knight Frank noted that Australia’s market is still considered "affordable" for wealthy foreign investors. Knight Frank’s latest annual Wealth Report ranked Sydney as the 11th most desirable city for high net worth Individuals, with Melbourne ranking as the 20th. "You’ve seen nothing yet," Mr. Hay said. "The surge of Chinese investment is only going to increase in the next 10 years." Domain
Developer Aby Rosen Sells Manhattan Townhouse for $18 Million Aby Rosen has sold his 6,300-square-foot, four-bedroom home on Manhattan’s Upper East Side for $18.4 million, according to property records. The developer first purchased the property for $8.4 million in 2004, and initially put it on the market for an asking price of $19.95 million last year. Amenities include a gym, garden terrace and elevator. The Real Deal
AROUND NEWS CORP
Popular Types of Tile for the Wall, Floor, and More [Realtor.com]
Shaquille ‘Shaq’ O’Neal’s Mega Florida Estate Asks $28 Million [The Wall Street Journal]
The Most Eye-Catching Developments in Melbourne [realestate.com.au]
For Sale: A Hermit’s Corner of Hampstead [The Times of London]
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