Mansion Global Daily will be off Monday, Sept. 4 due to the U.S. Labor Day holiday and will return Tuesday, Sept. 5.
‘Gazumping’ Gets More Mainstream in U.K.
Market watchers say they’re seeing more buyers being outbid after their offers are accepted. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Brand New Waterfront Estate Offers Classic Cape Cod Charm
In the true heart of Cape Cod, a brand new property—completed only two months ago—offers a truly unspoiled piece of the Massachusetts coastline a stone’s throw from the famed Kennedy Compound. Read More
NEIGHBORHOOD NOTES
Since Revolutionary Times, Boston’s Beacon Hill Has Been a Coveted Area
Boston’s downtown neighborhood of Beacon Hill, with its cobblestone, gas-lit streets and brick row houses, is steeped in history. But it’s not stuck in the past or too genteel. Read More
NEWS BITES
Canada’s Housing Market Expected to Cool Slightly in 2017 After a sharp downturn in a few major cities including Toronto, a combination of government cooling measures and higher interest rates are expected to cool the Canadian housing market as a whole in 2017, per a new poll from Reuters. And though growth has already slowed nationally, prices in areas outside of Vancouver and Toronto aren’t expected to take any kind of real tumble until interest rates go up again. BNN
Frankfurt’s Luxury Flat Market is Booming in Anticipation of Bankers Fleeing Brexit As Frankfurt’s market prepares for a likely influx of bankers moving to the financial hub post-Brexit, prices for luxury flats have risen 25% in the past year alone. The city is currently building 20 new skyscrapers to add both office and residential space to the city. Dublin is also seeing a wave of interest in the lead-up to Brexit, with home prices rising 11% so far this year. Reuters
Singapore is Second Only to China for Asian Offshore Real Estate Investment Though China remains the largest source of Asian investment in offshore property, a new analysis from CBRE shows Singapore coming in second, with Singapore-based buyers pumping $6.8 billion into the global real estate market in the first half of 2017, a 20% increase from the same time last year. Singapore buyers have so far spent $2.4 billion on U.S. property, $1.2 billion in China, and $635 million in Australia. Outbound Asian property investment is overall up for the year, with buyers from Asian countries spending $45.2 billion on global property so far in 2017, a 98.4% increase from the same period in 2016. The Straits Times
Sir Peter Wood Selling $12.95 Million Palm Beach Bungalow Sir Peter Wood, a British developer and insurance entrepreneur, is selling his five-bedroom, five-and-a-half bungalow in Palm Beach, Florida, for $12.95 million. He bought the house, which is 50 yards from the beach and walking distance from Worth Avenue’s commercial spots, in 2007, and is selling it now that his oceanfront home in the area is complete. Palm Beach Daily News
AROUND NEWS CORP
In Moscow Luxury-Tower Plan, Donald Trump Paired With Developer for Russia’s Working Class [The Wall Street Journal]
Looking for the 'Best Place' to Retire? Don't Forget to Look at the Taxes [MarketWatch]
Walk From This Montauk Pad to a Hamptons Celeb Hangout Spot [New York Post]
Living Room Design Doozies: 11 Common Mistakes to Avoid When Creating Your Space [Realtor.com]