Mansion Global Daily: Miami Luxury Homes Are Having a Moment, U.K. Home Sales Drop by Half After Stamp Duty Holiday Ended, and More
Miami’s Luxury Homes Will Gain an Average 10{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 2022, Forecast Says
The Florida city is expected to see the highest value growth of any major world city, followed by Sydney and Los Angeles, according to Knight Frank. Read More
BY THE NUMBERS
TRENDING TODAY
MANSION GLOBAL ON YOUTUBE
Dream Kitchens to Make Thanksgiving Prep All Gravy
Three homes with space and appliances to cook for an army feature in the latest episode in Mansion Global’s YouTube series. Watch
LISTING OF THE DAY
Hamptons Charmer by the Center of Sag Harbor Still Feels Tucked Away
Amenities at the home in the New York beach community include a waterside pool with a cabana, private access to a cove and a first-floor in-law suite. Read More
SMART HOMES
Black Friday Deals for Smart-Home Tech
Add some intelligence to your abode—and at slightly less expense—with these Black Friday offers. Read More
NEWS BITES
U.K. Home Sales Drop by Half After Stamp Duty Holiday Ended
The recent end of the U.K.’s stamp duty holiday, the temporary tax break introduced during the pandemic that cut the bill on a home purchase, has drastically reduced the number of properties changing hands. Sales dropped to 76,930 in October, a slump of 52{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from September, when the tax relief concluded, according to the latest figures from the government. Further alienating potential buyers are soaring house prices. City A.M.
Housing Market Correction Could Spell Trouble for Lithuania
Lithuania’s financial stability could be on the line if its overheated housing market slips into a phase of correction, according to the country’s central bank. Real estate prices are currently 17{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} higher than they were a year ago, meanwhile the housing loan portfolio of Lithuania’s banks grew more than in any other eurozone country this year. “If the trends continue, we could be facing serious challenges to our financial stability in the event of a housing market correction,” said Gediminas Šimkus, chairman of the board of the Bank of Lithuania. LRT
Investors Are the Largest Group of Home Buyers in Ontario, Canada
Investors are the largest segment of home buyers in Ontario, now accounting for more than 25{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of multi-property owners in the Canadian province when 10 years ago they accounted for the smallest percentage of residential real estate transactions. “The risk is that when prices are rising investors are the optimists in the market… and they actually push home prices up higher than they otherwise should be,” said John Pasalis, president at Toronto-based Realosophy Realty. CBC
Film Producer Lists Suburban Sydney Home
Film producer Antoinette Albert—the co-producer of Baz Luhrmann’s 1992 movie “Strictly Ballroom”—has put her residence in the harborside Sydney suburb of Bellevue Hill up for sale in the “high A$20 million range” (US$14.4 million). The five-bedroom hillside home on the enclave’s Ginahgulla Road, was designed about 40 years ago, and has formal and informal living and dining rooms and a covered loggia. Domain
AROUND NEWS CORP
Ultra-Secure Mortgage Lets Homeowners Fix Rate for 40 Years [The Times of London]
The New Gold Rush: Here Are the Top 10 Cities Job Seekers Are Now Flocking to [Realtor.com]
Stunning Downtown NYC Penthouse Back on Sale With $1M Price Hike to $9M [New York Post]
A Manhattan Couple Created a First-Rate Home in the Second City [The Wall Street Journal]
