Seattle Home With 265-Foot Private Beach Sells for $21 Million
At $21 million, this Bellevue mansion, has reportedly outpaced any other 2017 sales in the area.The 11,520-square-foot, four bedroom home, called Bellalago, sold for nearly a $12 million discount last Wednesday after being first listed for $32.8 in early 2014. Read More
BY THE NUMBERS
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A Classic New England Beach Compound That Comes With a Lighthouse (If You Want It)
This classic New England beach compound in the exclusive Fenwick section of Old Saybrook sits on a secluded peninsula with water on three sides, and its own private beach. Read More
SMART HOMES
A High-Tech Nursery Is a Boon for Both Newborns and New Parents
Combat the effects of sleep deprivation and optimize infancy with smart technology. Read More
NEWS BITES
In U.K., Parents Pitch in for Children’s Real Estate According to new research by Legal & General and the Centre for Economics and Business Research, 9% of U.K. renters rely on help from their parents to make rent payments. In sales, parents contribute £75 billion (US$97 billion) a year to the purchasing market, the equivalent of being the U.K.’s 9th biggest mortgage provider. Young people in London seek the most help, with parents contributing £626 million (US$811) to rentals in London. City A.M.
Brisbane Suburb Teneriffe Continues to Rise Teneriffe, an Australian suburb with a A$2 million (US$1.6 million) median home price, is already Brisbane’s most expensive suburb, but market watchers think it may soon hit the A$3 million (US$2.4 million) mark. The median price for the neighborhood has jumped 41% this year, to A$2.685 million, and has risen 71.8% over the past two years. While it’s undoubtedly pricey for the area, compared to the Sydney suburbs―78 of which hit the A$2 million threshold― Teneriffe is a relative bargain. Domain.com.au
Brooklyn Heights Condo Poised to Break Price Record for the Borough A six-bedroom penthouse apartment at The Standish, a 33-unit condo building in Brooklyn Heights that was formerly a hotel, had an asking price of $16.645 million, and according to the New York Attorney General’s office, the apartment sold last year. While the final sales price is not yet known, if the apartment sold near ask, it will have beaten Brooklyn’s $15.5 million sales record for the borough. The current record holder is a townhouse in Cobble Hill. The Real Deal
Tiny Flats Still Very Hot in Hong Kong Two new projects in Hong Kong, the CSI Properties’ COO Residence in Tuen Mun in the Northern New Territories, and The Amused in Cheung Sha Wan, north of Kowloon, are continuing the "nano flat" trend in that country. In fact, 30% of flats approved for construction through May of 2017 are less than 200 square feet in size. Many of them also cost less than HK$4 million (US$511,000), attracting first-time buyers, who can often get a mortgage for up to 90% of the cost. South China Morning Post
Indian and Pakistani Nationals Put AED27 Billion into Dubai Real Estate Over the last 18 months, Indians and Pakistanis put more than AED27 billion (US$7.3 billion) into Dubai real estate, totaling over 16,000 transactions. Indians, who bought AED20 billion (US$5.4 billion) worth of property in the city, make up the largest group of overseas buyers. According to data from the Dubai Land Department, UAE Nationals spend the most: AED37.4 billion (US$10 billion). These investments indicate a turnaround in the market. Gulf News
AROUND NEWS CORP
How to Downsize Your Home Without Losing Your Mind [MarketWatch]
Lower Property Taxes are Silver Lining for Landlords in Weak Retail Market [The Wall Street Journal]
8 Things You Should Never Say to a Contractor [Realtor.com]
Proximity to KFC Helps Sell House [news.com.au]