Manhattan Super-Luxury Rental Market Remained Robust in August
Unlike its sales market, the Manhattan luxury rental market saw a sizzling hot August, as both the number of new leasesvalued at $10,000 per month or more surged 29%. Read More
BY THE NUMBERS
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LISTING OF THE DAY
Rustic Luxury Abounds At This Tuscan Estate With a Renovated Farmhouse and Tower
Perhaps unsurprisingly for a Tuscan estate, La Palazzina features a variety of amenities, such as a saltwater pool located behind the tower, and a scenic garden bordered by tall cypress trees. Read More
TAX TALK
What Are the Tax Implications of Converting a Nontraditional Property Into a Residence?
I’m thinking of converting a barn into a residence in California. What would I be looking at in taxes? Read More
NEWS BITES
London Buying Agents Look for Telltale Signs In today’s property market in London, which is shifting toward buyers, buying agents are on the lookout for "pressure points" to gauge willingness to sell and what the real price of a property might be. Agents look for clues, such as a single toothbrush, which might signify a divorce and willingness to sell. Many sellers are still hoping to get prices for their homes that track with the market in 2014, which prices were up over 20%, whereas a winnowing group of buyers are on the lookout for price cuts. Financial Times
Co-Living the New Standard for Hong Kong Professionals Co-living spaces are popping up all over Hong Kong to house young professionals who move to the city for the first time. M3, a popular co-living space, came on the market three years ago, and has shared kitchens, gyms, event spaces and living rooms. They now have locations in Sham Shui Po, Tsim Sha Tsui and Prince Edward. Most of M3’s tenants are between 22 and 28 years old. South China Morning Post
Mario Kassar, ‘Basic Instinct’ Producer, Buys Encino Estate Mario Kassar, a movie executive behind films such as "Basic Instinct" and "Total Recall" and founder of Carolco pictures, bought an estate in Encino for $4.315 million. The home, which was rebuilt in 2015, sits on a half-acre, and has a circular driveway, pool with waterfall, a barbecue island and landscaped yard, as well as 7,200square feet of living space. The property, which was listed at $4.495 million, has six bedrooms and seven bathrooms. Mr. Kassar had sold his home in Holmby Hills earlier this year for $27 million. Los Angeles Times
Ireland’s Property Market Grows The property market in Ireland is looking good in terms of both sales and value. Residential property sales in the country increased 8.4% in the first half of 2017 year over year, and property value was up by 15%. Dublin sales were up 11%, and property values were up 13.2%. The money spent on property sales was up in all counties except two. Property Wire
AROUND NEWS CORP
The Time Is Ripe for Home Buyers in Bordeaux [The Wall Street Journal]
Mortgage Rates Hold at 2017 Lows [MarketWatch]
Go Big and Go Home: 6 Tips for Upsizing With No Regrets [New York Post]
Former 'Little House' Star Selling UES Condo for $7M [New York Post]