#property-market

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#luxury-real-estate

Penthouse at 50 United Nations Plaza finally finds a buyer

The Turtle Bay duplex finally sold after a decade on the market, showcasing the enduring appeal of Manhattan's luxury real estate.

Unveil a Tropical Paradise at One Beachlands in Barbados

One Beachlands is a luxurious six-bedroom villa in Barbados, offering beachfront living with modern sophistication and a tropical charm for $25 million.

Dulles from your Md. bedroom? A $9 million penthouse has such views

The penthouse at Somerset House in Chevy Chase, Md., features luxurious amenities and panoramic views.
Despite being extravagant, the unit's asking price has dropped from $10.5 million to $9 million due to market fluctuations.

Hamptons Compound on 21 Acres for $99.5M Is the Week's Most Expensive Home

Two waterfront mansions with 24 bedrooms listed for $99.5 million in Water Mill, NY.
Other expensive properties include a California estate, a Puerto Rico penthouse, and a New York townhouse.

Buying London: the cast and houses featured on Netflix's new series

London now has its own high-end property show 'Buying London' akin to 'Selling Sunset.'

California Ranch Gets a Half-Price Discount and Is Still the Week's Most Expensive Home

A 3,600-acre ranch in Ojai, CA, is on the market with a 50% price reduction, still making it the most expensive home.
Properties like a Georgian mansion and a chic Beverly Hills home are featured in the list of expensive homes this week.

Penthouse at 50 United Nations Plaza finally finds a buyer

The Turtle Bay duplex finally sold after a decade on the market, showcasing the enduring appeal of Manhattan's luxury real estate.

Unveil a Tropical Paradise at One Beachlands in Barbados

One Beachlands is a luxurious six-bedroom villa in Barbados, offering beachfront living with modern sophistication and a tropical charm for $25 million.

Dulles from your Md. bedroom? A $9 million penthouse has such views

The penthouse at Somerset House in Chevy Chase, Md., features luxurious amenities and panoramic views.
Despite being extravagant, the unit's asking price has dropped from $10.5 million to $9 million due to market fluctuations.

Hamptons Compound on 21 Acres for $99.5M Is the Week's Most Expensive Home

Two waterfront mansions with 24 bedrooms listed for $99.5 million in Water Mill, NY.
Other expensive properties include a California estate, a Puerto Rico penthouse, and a New York townhouse.

Buying London: the cast and houses featured on Netflix's new series

London now has its own high-end property show 'Buying London' akin to 'Selling Sunset.'

California Ranch Gets a Half-Price Discount and Is Still the Week's Most Expensive Home

A 3,600-acre ranch in Ojai, CA, is on the market with a 50% price reduction, still making it the most expensive home.
Properties like a Georgian mansion and a chic Beverly Hills home are featured in the list of expensive homes this week.
moreluxury-real-estate
#real-estate

It didn't take long for Ethan Hawke's former NYC townhouse to find its next owner

Ethan Hawke's former Chelsea townhouse sold in just one month, attracting local bidders above asking price in a competitive market.

Billionaire Barry Diller, husband of Diane von Furstenberg, breaks record with $45M Miami plot purchase

Billionaire Barry Diller purchased a $45 million plot in Miami Beach, setting a new record for the area.

Michael Jordan's Chicagoland Manse Lands a Buyer After 12 Years on the Market

Michael Jordan's Chicago estate, under contract after 12.5 years, highlights challenges in selling celebrity homes.

Downsizing With $700,000 on the East Side of Manhattan, Where Charm Is More Expensive'

The Forzaglias traded prewar charm for a cookie-cutter one-bedroom in a newish co-op building for better infrastructure and cost predictability.

NYC's most iconic buildings are plummeting in value and savvy investors are gobbling up the deals

NYC iconic buildings are selling at significantly reduced prices, spurring a competitive buying atmosphere.

China property stocks rally after major cities ease homebuying restrictions

Chinese property developers benefited from eased homebuying restrictions in major cities, boosting investor sentiment and market performance.

It didn't take long for Ethan Hawke's former NYC townhouse to find its next owner

Ethan Hawke's former Chelsea townhouse sold in just one month, attracting local bidders above asking price in a competitive market.

Billionaire Barry Diller, husband of Diane von Furstenberg, breaks record with $45M Miami plot purchase

Billionaire Barry Diller purchased a $45 million plot in Miami Beach, setting a new record for the area.

Michael Jordan's Chicagoland Manse Lands a Buyer After 12 Years on the Market

Michael Jordan's Chicago estate, under contract after 12.5 years, highlights challenges in selling celebrity homes.

Downsizing With $700,000 on the East Side of Manhattan, Where Charm Is More Expensive'

The Forzaglias traded prewar charm for a cookie-cutter one-bedroom in a newish co-op building for better infrastructure and cost predictability.

NYC's most iconic buildings are plummeting in value and savvy investors are gobbling up the deals

NYC iconic buildings are selling at significantly reduced prices, spurring a competitive buying atmosphere.

China property stocks rally after major cities ease homebuying restrictions

Chinese property developers benefited from eased homebuying restrictions in major cities, boosting investor sentiment and market performance.
morereal-estate
#spain

What will happen to property prices in Spain in 2025?

Spain's property prices are expected to rise moderately due to high demand and low supply, with projections of around 3% increases for 2024 and 2025.

Waiting for mum and dad to die: Is inheriting the only hope for young Spaniards?

Spain's generational shift in home ownership is leading to rising inheritances affecting the property market and society.
Younger generations in Spain struggle with rising property prices amid an aging population of homeowners.

What will happen to property prices in Spain in 2025?

Spain's property prices are expected to rise moderately due to high demand and low supply, with projections of around 3% increases for 2024 and 2025.

Waiting for mum and dad to die: Is inheriting the only hope for young Spaniards?

Spain's generational shift in home ownership is leading to rising inheritances affecting the property market and society.
Younger generations in Spain struggle with rising property prices amid an aging population of homeowners.
morespain
#investment

China's property market has 'not found a bottom' yet, Standard Chartered CEO Bill Winters says

China's property market remains unstable, impacting consumer and investor confidence.

Reeves to leave capital gains tax on property untouched, reports say

Reeves will not change capital gains tax rates on second homes to prevent property market slowdown.

China's property market has 'not found a bottom' yet, Standard Chartered CEO Bill Winters says

China's property market remains unstable, impacting consumer and investor confidence.

Reeves to leave capital gains tax on property untouched, reports say

Reeves will not change capital gains tax rates on second homes to prevent property market slowdown.
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from London Business News | Londonlovesbusiness.com
1 month ago

Chinese yuan steady while traders monitor stimulus clues - London Business News | Londonlovesbusiness.com

The Chinese yuan's stability is threatened by ongoing property market struggles and declining investor confidence related to economic policies.

Solicitor whose property portfolio collapsed has 2.6m in debt written off by High Court

Bernard Murphy has had €2.6m in debts written off, receiving only 1.7% of what creditors are owed.
#china-economy

The pillars of China's economy are in a free fall that's getting worse

China's reliance on manufacturing to offset a slumping property market may fall short without increased government support.

China leaves economists wanting more action to defeat deflation

China is increasing economic support but economists feel it's insufficient to combat deflation.

China 'confident' of hitting economic goals DW 10/08/2024

China is confident it can achieve development goals for 2024 without an additional stimulus package.

The pillars of China's economy are in a free fall that's getting worse

China's reliance on manufacturing to offset a slumping property market may fall short without increased government support.

China leaves economists wanting more action to defeat deflation

China is increasing economic support but economists feel it's insufficient to combat deflation.

China 'confident' of hitting economic goals DW 10/08/2024

China is confident it can achieve development goals for 2024 without an additional stimulus package.
morechina-economy

Fla. house that's still smoldering from Hurricane Helene damage hits market for $259K - as Milton approaches

The Florida home is listed for $259,000 despite fire damage, highlighting renovation potential amidst safety concerns.
#housing-crisis

'Nothing to help single parents get on the property ladder' - Budget offers little solace for mum facing eviction

Budget 2025 fails to address housing crisis for single parent families, raising concerns over potential homelessness and inadequate support measures.

This London borough has the most empty properties

London's housing crisis is exacerbated by over 5000 completely empty buildings in Southwark alone.

'Nothing to help single parents get on the property ladder' - Budget offers little solace for mum facing eviction

Budget 2025 fails to address housing crisis for single parent families, raising concerns over potential homelessness and inadequate support measures.

This London borough has the most empty properties

London's housing crisis is exacerbated by over 5000 completely empty buildings in Southwark alone.
morehousing-crisis
#rightmove

Rightmove calls for 'best and final' offer after rejecting third Murdoch bid of 6.2 billion

Rightmove rejected REA Group's improved £6.2 billion takeover offer, citing undervaluation and seeking a more definitive proposal before deadline.

Murdoch's 5.6 billion bid for U.K. property portal Rightmove rejected by management as 'opportunistic and fundamentally undervalued'

Rightmove rejected REA Group's takeover bid as undervaluing the company, showcasing its strong market position and future potential.

REA Group makes third offer to buy Rightmove, worth 6.1bn business live

REA Group is persistent in acquiring Rightmove, increasing their offer after two rejections.
The strategic combination aims to enhance services for agents and buyers in a competitive market.

Rightmove rejects third bid from Rupert Murdoch's REA Group

Rightmove rejected REA's third bid due to undervaluation concerns, emphasizing shareholder interests and increased competitive pressures in the property market.

Rightmove can play hardball on asking price. It doesn't need a Murdoch takeover | Nils Pratley

Rightmove remains a dominant player in the UK property market with impressive financial metrics, despite market challenges and potential competition.

China's factories hit by falling export demand; Murdoch's REA Group considers Rightmove takeover offer business live

Rightmove shares surged 25% due to REA Group's potential takeover interest, valuing Rightmove around 5.5 billion pounds.
REA Group's interest could create a dominant online property agent in both Australia and the UK.

Rightmove calls for 'best and final' offer after rejecting third Murdoch bid of 6.2 billion

Rightmove rejected REA Group's improved £6.2 billion takeover offer, citing undervaluation and seeking a more definitive proposal before deadline.

Murdoch's 5.6 billion bid for U.K. property portal Rightmove rejected by management as 'opportunistic and fundamentally undervalued'

Rightmove rejected REA Group's takeover bid as undervaluing the company, showcasing its strong market position and future potential.

REA Group makes third offer to buy Rightmove, worth 6.1bn business live

REA Group is persistent in acquiring Rightmove, increasing their offer after two rejections.
The strategic combination aims to enhance services for agents and buyers in a competitive market.

Rightmove rejects third bid from Rupert Murdoch's REA Group

Rightmove rejected REA's third bid due to undervaluation concerns, emphasizing shareholder interests and increased competitive pressures in the property market.

Rightmove can play hardball on asking price. It doesn't need a Murdoch takeover | Nils Pratley

Rightmove remains a dominant player in the UK property market with impressive financial metrics, despite market challenges and potential competition.

China's factories hit by falling export demand; Murdoch's REA Group considers Rightmove takeover offer business live

Rightmove shares surged 25% due to REA Group's potential takeover interest, valuing Rightmove around 5.5 billion pounds.
REA Group's interest could create a dominant online property agent in both Australia and the UK.
morerightmove
#china

Longtime China bull Ray Dalio fears economy faces problems as severe as Japan in 1990

China's economic crisis mirrors Japan's pre-1990 bubble burst, raising concerns over debt restructuring and consumer spending.

China to cut mortgage rates as part of plan to prop up property market

China is implementing drastic measures, including cutting mortgage rates and supporting affordable housing, to stabilize the faltering property market.

Longtime China bull Ray Dalio fears economy faces problems as severe as Japan in 1990

China's economic crisis mirrors Japan's pre-1990 bubble burst, raising concerns over debt restructuring and consumer spending.

China to cut mortgage rates as part of plan to prop up property market

China is implementing drastic measures, including cutting mortgage rates and supporting affordable housing, to stabilize the faltering property market.
morechina

How has the rise of remote work affected demand in different areas of London? - London Business News | Londonlovesbusiness.com

The rise of remote work is reshaping housing preferences, prompting moves away from city centers towards suburban areas.

Revealed: The counties with fewest homes available to rent or buy

Meath and Kildare have among the lowest availability of properties, highlighting pressures in commuter counties.

SCS Development drops $87M on Monrovia apartments

A housing developer from the San Francisco Bay Area purchased a Monrovia apartment complex for $87.3 million, marking a significant investment in L.A. County's real estate market.

Savills signals early signs of market recovery' as revenues grow

Savills reported revenue growth and profits as early signs of market recovery are seen.

Home sale prices from Santa Clara and The Peninsula, May 19, 2024

Weekly residential transactions in various cities and neighborhoods in Santa Clara and The Peninsula.
#home-prices

Which 10 Danville, San Ramon, Dublin, Pleasanton homes had the best prices the week of March 4?

The most affordable real estate sale in Danville was a house sold for $1.4 million.
The average price of real estate in Danville, San Ramon, Dublin, Pleasanton last week was $2.3 million.

Cost of typical home went up by 20,000 in a year due to supply squeeze

Median home price in Ireland rose by €20,000 this year, reaching €330,000 in the first quarter due to lower inventory and high demand.

Which 10 Danville, San Ramon, Dublin, Pleasanton homes had the best prices the week of March 4?

The most affordable real estate sale in Danville was a house sold for $1.4 million.
The average price of real estate in Danville, San Ramon, Dublin, Pleasanton last week was $2.3 million.

Cost of typical home went up by 20,000 in a year due to supply squeeze

Median home price in Ireland rose by €20,000 this year, reaching €330,000 in the first quarter due to lower inventory and high demand.
morehome-prices

These are the 5 most expensive streets to buy a home in London

London has one of the most expensive streets in the UK with an average asking price of 9 million pounds.

Should Mass. ban corporate home buyers?

Between 2004-2018, 1 in 5 residential properties in Greater Boston bought by investors or institutional entities.
Real estate investors contribute to housing affordability challenges by competing with regular homebuyers and driving up prices.

New 5,000 deposit mortgage allows homeowners to borrow up to 99%

A new 5,000 deposit mortgage has been launched for first-time buyers, allowing potential borrowing up to 99% of property value.
Mortgage applicants must still demonstrate strong creditworthiness and pass affordability assessments despite the low deposit requirement.

Inside the Bromley flat up for sale which could pass as a horror movie set

Fixer-upper flat in Bromley is a renovation challenge with potential
Despite the horror movie set-like appearance, the flat offers serene views and room for transformation

Single family residence in Milpitas sells for $1.9 million

Housing market in Milpitas
Property features and prices

New data reveals which homeowners made the most by selling up in 2023

Homeowners made average gains in 2023: Detached - 137,000, Bungalow - 102,000, Semi-detached - 81,000, Terraced - 65,000, Flat - 30,000.
Homeowners with bungalows typically left 11 years between moves, compared to 10 years for detached homes, and 9 years for semi-detached, terraced homes, or flats.
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