Life at Sea: Superyachts That Make Permanent Vacations on the Water a Reality
These vessels provide the rare opportunity to indulge in a luxurious aquatic lifestyle year-round. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Seychelles Villa Comes With 27 Bedrooms and Three Large Pools
Perched over the Indian Ocean, the 10-acre property offers proximity to Mahé Island’s best-known beach. Read More
THE INSIDERS
Parisian Furniture Family Bets on Craftsmanship and Modular Design
Nicolas Roche, creative director for Roche Bobois, reflects on 50 years of the iconic Mah Jong sofa. Read More
NEWS BITES
Half-Built Homes Plague China’s Beleaguered Real Estate Market
China is now home to tens of millions of half-built apartment buildings as the country’s real estate boom ground to a halt this year. The shifting market has dashed dreams of homeownership for many Chinese, who were only allowed to own private property 20 years ago, and shattered confidence in a sector in which the urban population has tied up most of its wealth. The meltdown mirrors the 2008 subprime mortgage crisis in the U.S., though with Chinese builders, rather than individual borrowers, facing loan defaults and other hurdles. Bloomberg
Tasmania Suburb Was Australia’s Fastest-Selling Property Market in 2021
A small Tasmanian suburb has been crowned as Australia’s fastest-selling property market this year, with homes there taking just eight days to sell, on average. Goodwood, just north of Hobart, was ranked as the No. 1 suburb in the nation for having the quickest sales, according to Domain’s 2021 End of Year Wrap report. Property in Killarney Heights in Sydney’s northern beaches took just 10 days to sell, as did homes in Diamond Valley on the Sunshine Coast and Sassafras on the outer eastern edges of Melbourne. Domain
A Record-Breaking Year for Luxury Real Estate in Hawaii
Hawaii’s luxury real estate market soared to all-time highs this year, fueled by several factors, including pent-up demand from the pandemic, record-low interest rates and rising equity markets. In the first three quarters, homes valued at $3 million or more saw sales volume rise 234.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, compared with the same period in 2020. Deal volume hit a record-breaking $3.7 billion, according to Hawaii Life’s Luxury Market Report. In the ultra-luxury segment, there were 64 transactions totaling $1.06 billion in sales—a 602.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} change in dollar value over the first three quarters of 2020 and more than six times the number of transactions. CNBC
Five-Bedroom Penthouse in San Antonio Asks $3 Million
A modern penthouse in San Antonio, Texas, has hit the market for $3 million, making it among the priciest apartments for sale downtown. The condo, which spans more than 5,600 square feet, at the Alteza building has five bedrooms, six bathrooms and views of the city’s iconic Tower of the Americas. The building also offers residents a rooftop pool, concierge services, housekeeping and room service. mySA.com
AROUND NEWS CORP
Why I Regret My Pandemic Panic Property Purchase [The Times of London]
6 Home-Selling Hopes and Dreams That Can Easily Turn Delusional Today [Realtor.com]
Zillow Flopped at iBuying, but Rivals Still Have a Chance [Barron’s]
Real Reason Young People Can’t Buy Homes [news.com.au]