Even with fewer foreign buyers in New York City, the struggle of billionaires still exists
Sales of ultra-luxury have once again rebounded along with the rest of the high-end market in Manhattan. Read more
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The canopy house in Palm Springs, California, is a work of art
A lush courtyard completes with a 75-foot pool and mountain views. Read more
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Felipe Escuerdo’s vision: luxury with a science fiction edge
Ecuadorean architect in sustainable design, futuristic homes and expanding “our minds through imagination”. Read more
Bit news
Canadian housing market calms down as prices rise
Canadian home prices fell for the first time in two years due to higher interest rates. In April, the country’s reference prices fell 0.6% from the previous month, the first monthly decline since April 2020, according to data released Monday from the Canadian Real Estate Association. Meanwhile, the number of sales was down 12.6% month over month. “After two years after the record crash, housing markets in many parts of Canada have largely subsided over the past two months, in line with a jump in interest rates and buyer fatigue,” said Jill O’Dell, president of the association. The Bank of Canada raised interest rates to fight inflation, and markets are betting that the interest rate, which started the year at 0.25%, should rise to 3% over the next year. Bloomberg
Sydney Socialite Di Maloney to pay A$29.2 million for Oceanfront redevelopment
Sydney socialite De Maloney, the ex-wife of barman Kim Maloney, has paid A$29.2 million (US$20.23 million) for an oceanfront five-apartment building in the eastern suburb of Tamarama. She plans to redevelop the site into two or three luxury apartments for her children. The block hit the market a few weeks ago at an indicative price of A$20 million through William Manning of Highland Property and Clint Ballard of Ballard. Nine parties had submitted their bids for the property. specialization
House prices in Ireland rose at the fastest pace in seven years
House prices across Ireland rose 15.2% year-on-year in March, the fastest pace in seven years, according to data from the Central Statistics Office. However, the median home price, at €285,000 (US$296,810), was still 3.3% below the peak level in 2017. Prices in Dublin were up 12.7% year-on-year in March, lower than The growth rate of 17.3% is outside Dublin. . the magazine
Buyer Adam Levine’s $51 Million Los Angeles Mansion Named Tesla’s Chief Designer
Franz von Holzhausen, chief designer at Tesla, and his wife, Vicki, have been identified as buyers of Adam Levine’s $51 million mansion in Pacific Palisades, Los Angeles. Von Holzhausen is responsible for designing Tesla’s upcoming Cybertruck and other previous models, including the Model S, Model X, Model 3 and Model Y. Ms. Von Holzhausen is the founder and owner of the Von Holzhausen fashion line. dirt
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Biden administration targets housing shortage with affordable housing plan [The Wall Street Journal]
Will the housing market collapse in 2022? [The Times of London]
The cost of buying a home went up 50% from a year ago — but here you can take a breather [Realtor.com]
Ignore the ‘biggest problem’ schemes first homebuyers [news.com.au]
