Manhattan Luxury Records Worst January Since 2012
Bruce Willis’s co-op was the most expensive home to find a buyer last week. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
An 18th Century Converted Villa in Italy With Its Own Wine Lab
La Cascina Meraviglia is set in a quiet environment, surrounded by world-famous food and wine, golf clubs and horse riding. Read More
THE INSIDERS
Bi-Coastal Design Duo on Why London, New York and Los Angeles are Safe Bets
Elliot March and James White say craftsmanship is key for a luxury home anywhere in the world. Read More
NEWS BITES
English Homeowner Will Sell £1 million Property to the Buyer of a Winning £2 Ticket After her £1 million (US$1.7 million) Bristol, England, property spent more than a year on the market unsold, an English homeowner now plans to sell 500,000 entry tickets to the home for £2 (US$3.50) apiece. The income from the tickets would cover the cost of the home, and one lucky buyer will win the property and have fees and stamp duty paid as well. Domain
Jeremy Corbyn Wants to Reclaim Unused Luxury Properties to Help With Housing Crisis U.K. Labour leader Jeremy Corbyn has proposed giving local authorities power to take over "deliberately" empty properties in service of the country’s burgeoning housing crisis. Mr. Corbyn has also proposed the government buying up to 8,000 properties for the homeless and offering empty properties in Kensington to residents displaced by the Grenfell Tower fire. City A.M.
U.K.’s New Registry for Buyers Won’t Scare Off Asian Investors, Analysts Say The U.K.’s forthcoming public register for property owners will stymie anonymous buying but won’t act as a significant deterrent to Chinese buyers, according to analysts. Falling sterling values have put Asian investment in U.K. property at record highs since the Brexit vote, and the risk-return calculus for those investors is likely to remain unchanged. South China Morning Post
Good News for Singapore’s Market as Prices of Completed Condos Rise in December Singapore’s market continues to show signs of recovery, as prices for completed private apartments and condos rose 0.6% month-over-month in December. However, this is down compared to their 1.6% increase in November. Prices overall rose 5.5% in 2017, after a 2.3% drop in 2016. Business Times
AROUND NEWS CORP
Unorthodox Hollywood Hills Home Seeks $29.95 Million[The Wall Street Journal]
Home Buyer’s Remorse: Here’s Why You Get It and How to Move Past It [MarketWatch]
Seth Meyers Is Moving on up in the New York Real Estate World [New York Post]
Hut, Hut, Price Hike! Does Hosting a Super Bowl Have a Super Impact on Home Sales? [realtor.com]