Mansion Global Daily will not be distributed on Monday, June 20, due to the Juneteenth holiday in the U.S. It will return on Tuesday, June 21.
Rising Rents and Population Shifts Sustain the Edge for Sellers in U.S. Cities
Buyers navigating the intense environment created by the pandemic should watch trends besides typical sales data. Read More
A New South Florida Home With Two Pools, a Car Showroom, Three Kitchens and an Office Tower
The fully automated house in Golden Beach is being sold furnished. Read More
Brooklyn Heights, a Historic Residential Enclave With Coveted Townhomes and Enviable Views of Manhattan
Located along the East River, the neighborhood offers architecturally stunning homes with convenience and stunning outdoor spaces. Read More
High Prices, Low Supply Doubles Cost of Some Timber in the U.K.
The price of timber in the U.K. continues to rise as the war in Ukraine hobbles the supply chain for wood. Architects and designers are struggling to source materials for projects, reporting that the cost of solid oak and birch plywood have doubled in the last few months. Structural timber costs have also risen by around 20%. "Everyone is really worried about their supply chains," said Sean Sutcliffe, co-founder of British furniture maker Benchmark. "We have projects where it would now cost me more to buy the wood that I'm charging for the whole thing." Dezeen
Converted Bluestone Church in Melbourne Suburb Lists for Between A$5.7 Million and A$6.2 Million
A bluestone church that has been converted to a luxury home in Fitzroy, an inner suburb of Melbourne, Australia, has hit the market with a guide price of between A$5.7 million and A$6.2 million (US$3.9 million and US$4.3 million). The Presbyterian church, built in 1871, was redeveloped into a 13-unit multi-family project by ZEST Developments owner Glenn Morris, who lives in the building. Features include original stained glass cathedral windows, warm woods and walls of glass throughout, as well as loft type areas that could be a kids’ playroom or a DJ booth. There’s also a private north-facing rooftop terrace. realestate.com.au
Home Prices in Scotland Jumped 7.6% in April, the 10th Record Set in the Last Year
The average house price in Scotland jumped 7.6% annually in April, rising about £15,500 (US$18,898) in value, according to the most recent edition of the Walker Fraser Steele Acadata House Price Index. Prices have risen in all 32 of the country’s local municipalities, with the average price paid for a house in Scotland now £218,394, the 10th record price set in the country over the past 12 months. Mortgage Introducer
Swiss Billionaire Ernesto Bertarelli Buys Belgravia Mansion for About £92 Million
Swiss billionaire Ernesto Bertarelli has purchased a 19th-century London mansion with more than 80 rooms for about £92 million (US$113 million) in an off-market deal. The home, located in the affluent area of Belgravia, has been refurbished in recent years, and now includes a cinema, gym and a 20-meter swimming pool. The sale is one of the latest big-ticket purchases in London, and a sign of a resurgence in the city’s luxury property market. Mr. Bertarelli, 56, is an investor in Crosstree Real Estate Partners, which owns several buildings in London. His family fortune is valued at about $18.4 billion, according to the Bloomberg Billionaires Index. BNNBloomberg
A Sky-High Penthouse at the World’s Tallest Residential Tower? Try a Members-Only Club Instead. [The Wall Street Journal]
Just Bought a ‘Frankenhouse?’ Here’s How To Make Your Home’s Style Cohesive [Realtor.com]
Lavish NYC Penthouse at Jennifer Aniston’s Former Home Asks $18.3M [New York Post]
House Prices Could Drop by 20% Across Australia, Bank Warns [news.com.au]
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DISCLAIMER: The currency conversion is provided for illustration purposes only. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. All property prices are as stated by the listing agent.