U.S. Buyers Return to Big Cities and Continue Their Migration Towards Warmer Climates
Price pressures and lifestyle factors have combined to keep American buyers moving throughout the pandemic. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
An Ibiza Home Within a UNESCO World Heritage Site Combines Old and New
Villa Amatista, asking €5 million, has 17th-century roots. Read More
SMART HOMES
Cool and Connected: Smart Fridges Fit for Your Kitchen
These refrigerators will preserve your food—and your sanity—with a host of high-tech features. Read More
NEWS BITES
Award-Winning Australian TV Journalist Ray Martin Sells Vacation Home for A$2.65 Million
Australian TV journalist Ray Martin has sold his family vacation home in Coolum for more than 10 times what he paid for it in 2001. The Gold Logie-winner and former “60 Minutes” host bought the Queensland site for A$250,000 (US$177,508), and sold it on April 7 for A$2.65 million. Located in the exclusive Lakes development where residents have access to the PGA Palmer Coolum golf course, Mr. Martin built the four-bedroom, five-bathroom home for his family to enjoy on vacation on the Sunshine Coast. Domain
Vancouver Mansion Relists for $33.9 Million After $6 Million Price Chop
A seven-bedroom mansion in Vancouver’s Shaughnessy neighborhood is on the market asking C$33.9 million (US$26.4 million). In January 2020 it was reported that the home was on the market for just under C$40 million. Sitting at 12,413 square feet, the property includes four primary bedrooms as well as an “in-law” suite for guests. The Airey Group were architects on the project, and Paul Sangha handled landscaping. CTV News Vancouver
Real Estate Market in Abu Dhabi Started 2022 Strong
Abu Dhabi’s property market had a banner start to the year. There were 3,304 transactions across the emirate during the first quarter, collectively worth AED 11.3 billion (US$3 billion), according to data from the Department of Municipalities and Transport. Yas Island was the most popular destination, accounting for AED 1.2 billion in deals. “With steady and sustained growth in Abu Dhabi’s real estate sector, the emirate has maintained its position as one of the world’s most sought-after markets and destinations for real estate investment,” said Dr. Adeeb Al-Afifi, executive director of the real estate sector at the DMT. Gulf Business
U.S. Homeowners Have Gained Over $6 Trillion in Wealth During the Pandemic
U.S. homeowners have gained more than $6 trillion in wealth over the past two years, the Federal Reserve estimates. The gains are due in large part to rapid property price appreciation over the course of the pandemic amid high demand and chronically low inventory. Owners of the most expensive properties have seen the most significant total gains, but at the lower end, households gained an estimated $600 million in home equity, as well. Business Times
AROUND NEWS CORP
We Want to Sell a Holiday Home We Own With Another Couple. Where Do We Stand Legally? [The Times of London]
Banish New Furniture Smell: Your Guide to Getting Rid of the Chemical Odor [Realtor.com]
Splashy ‘Hamptons on the Hudson’ Home Gets a Price Slash to $5.5M [New York Post]
Victorian Budget 2022: State Government Expects Home Prices to Drop 4% by 2023 [news.com.au]