Old World European Hot Spots Make Solid Lifestyle Purchases, Not Investments
Lake Como, Cannes and like luxury markets show slow price growth but increased interest. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Renovated Duplex Loft in a Chic Area of Brussels
The four-bedroom penthouse sits at one end of the fashionable Avenue Molière. Read More
NEIGHBORHOOD NOTES
Abu Dhabi’s Saadiyat Island Has Culture and Natural Beauty
The tony area is always getting new residential developments. Read More
NEWS BITES
Australia’s New Home Sales Fell 6% Last Month After hitting a high point in 2015, Australian new home sales saw their 18th straight month of decline in September, falling 6.1%. Detached home sales fell 4.5%, and multi-unit sales fell by 16.7%, per a report from the Housing Industry Association. An economist from the HIA said that the declines reflect "the slowing in output across the economy and [are] a guide to short term activity in the residential building industry." PropertyWire
London Rents Hovered Near Their 2014 Low Point in the Third Quarter The average price of a room in London fell to £725 (US$957) in the third quarter, a 2% year-over-year drop, according to data from SpareRoom. The previous quarter saw room prices at £722 (US$953), a three-year low. London remains the U.K.’s most expensive city for renters, but data showed a 54% increase in Londoners looking for housing outside the capital. City A.M.
Off-Plan Sales Now Make Up More Than Half of Dubai’s Sales Transactions For the first time since 2008, off-plan sales account for more than half of Dubai real estate transactions, according to data from fäm Properties. Off-plan sales exceed existing home sales by a 51/49 split, while as recently as 2012 that ratio was 85/15 in favor of existing homes. Fäm CEO Firas Al Msaddi attributed the shift to a "big increase in pre-handover sales within six to nine months of completion" among medium- to long-term investors. Gulf News
La Crescenta Compound With Architectural Bonafides is Asking $4.5 Million A pair of properties on a 5.71-acre La Crescenta Parcel is once again for sale, this time at an asking price of $4.5 million. Located just south of the Angeles National Forest, the deal includes a home designed by Richard Neutra in 1953, as well as a Michael Maltzan-designed home commissioned in 1997. The pair of properties was last listed in 2014 for $7.9 million. Curbed Los Angeles
Wanda’s Latest Penthouse Could Break Sydney Price Records Chinese developer Dalian Wanda Group is set to launch Wanda One Sydney, its newest luxury development in the city, which could break price records with a penthouse priced at A$60 million (US$46 million). The residential-hotel development will feature two towers. Wanda is marketing toward buyers in Hong Kong, London, and Sydney, with hopes to sell 60 of its 190 flats during the initial offering. South China Morning Post
[header type="georgia"]AROUND NEWS CORP[/header] Starchitect David Adjaye Walks Us Through His Favorite Living Room [The Wall Street Journal]
How to Buy a House at Auction [The Times of London]
How a Hell's Kitchen Artists' Haven Transformed the Neighborhood [New York Post]
Townhouse for Sale? Here's What Sellers (and Buyers) Can Expect [Realtor.com]