A Rise in the Statement Staircase
A ‘wow’ staircase can open up a space—or help define an open space. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Iconic Hines House That’ll Charm Architecture Aficionados
This is the first time since 1972 that the William Turnbull-designed home has publicly come on the market. Read More
THE INSIDERS
Uniqueness Dictates a Property’s Value, Developer Says
Joe McMillan advises to focus on location more than anything else when investing in a property. Read More
NEWS BITES
Hong Kong Prices to Rise Another 10% in 2018 Analysts say that rather than showing signs of a bubble, Hong Kong’s booming housing market will continue to grow and should see prices increase by around 10% this year. "The residential property market is not in a critical stage yet," said a researcher for Colliers International Hong Kong. "We cannot say whether the market is overheating simply depending on price." House prices in the city have risen for 23 consecutive months. South China Morning Post
Dubai Sale Prices and Rents Expected to Keep Falling A sluggish economy and excess housing supply will continue driving down prices this year in Dubai, according to Chestertons Mena. Sales prices for apartments and villas dropped 5% quarter-to-quarter in the beginning of the year, while rents fell 2%. Though developers are currently holding back on launches, a flood of new units set to be released ahead of Expo 2020 will continue putting downward pressure on prices, said Ivana Gazivoda Vucinic of Chestertons Mena. Khaleej Times
Holmby Hills, California, Estate Sells for $20.75 Million A Holmby Hills, California, Neoclassical-style mansion last owned by Elizabeth Keck, former wife of Standard Oil Co. heir Howard B. Keck, has sold for $20.75 million, and is the highest publicly recorded sale in the area so far this year. Keck, who died in 2017 at 96, appeared in some films in the late 1940s under the stage name Bettye Avery. Los Angeles Times
U.K. Owners Have Earned Enough to Cover Their Mortgages Through 2018, Says Halifax The average U.K. homeowner has already earned enough income to cover their mortgage through the rest of 2018, according to Halifax, calling April 16 "U.K. mortgage freedom day." The calculations are based on the average repayment cost of £8,039 (US$11,516), and average net annual income of £27,724 (US$39,684). The timing of mortgage freedom day varies greatly by region, with owners in the north reaching the tipping point in March, while Londoners won’t get there until June. City A.M.
AROUND NEWS CORP
Longtime Clinton Adviser Doug Band Pays $20 Million for David Rockefeller’s New York Townhouse [The Wall Street Journal]
Northern Ireland Is Betting on a High-Tech Future—With Cruise-Ship Tourism [MarketWatch]
How to Achieve the Art Deco Look [The Times of London]
6 Downsizing Mistakes Even Smart People Make [realtor.com]