Brooklyn Luxury Home Sales Have Quadrupled From a Year Ago
The borough’s luxury market "has grown in leaps and bounds" over the past year, according to third-quarter reports. Read More
BY THE NUMBERS
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LISTING OF THE DAY
The Greenwich Village Townhouse That Children’s Book Author E.B. White Called Home
The "Charlotte’s Web" author lived in the five-story home in the 1920s Read More
TAX TALK
What Tax Breaks Are Available for Restoring a Portuguese Property?
There are several, starting with no transfer tax on the acquisition or the first sale after the renovation. Read More
NEWS BITES
Australia Home Prices Could Rise 22% This Year, Bank Says
Westpac Banking Corp, one of the leading banking and financial service firms in Australia, has raised its housing price forecast. The bank now expects property prices to increase 22% this year, up from its previous projection of 18%. In the beginning of the year, the bank had predicted a 15% annual price growth. Low interest rates, combined with only a slight dampening effect from the Covid lockdowns, are boosting the property market, said Matthew Hassan, senior economist at Westpac. Domain
Grade II-Listed England Country House Asks £3.75 Million
Kirkby Hall, a 20-acre historic estate in Kirkby Fleetham village of north Yorkshire, England, has come onto the market for £3.75 million (US$5.13 million). The main mansion, a Grade II-listed Georgian-style house, spans three stories with 16,200 square feet of living space. The reception hall features a cantilevered staircase and double doors leading to a 46-foot-long drawing room that overlooks the gardens and lake. The property has been recently restored, according to listing brokerages, Knight Frank’s country department and Blenkin & Co in York. Country Life
Ireland’s Housing Price Rose to a Three-Year High
The average house price in Ireland rose 10.9% year over year in August to €313,619 (US$363,410), the highest level since June 2018, according to data from the Central Statistics Office. In Dublin, the average house price increased 10.2%, or an equivalent of €43,682, compared to the same period in last year. Low borrowing costs and increased working from home have fueled greater activity in the market, the Central Statistics Office said. The Irish Times
Foreclosure of One of the Largest U.S. Mansions Postponed
A planned foreclosure of "The One," a 105,000-square-foot unfinished mansion in the Bel Air area of Los Angeles, set to take place Wednesday, was rescheduled until later this month. The project was developed by Nile Niami's limited liability company, Crestlloyd, and once marketed for $500 million. Crestlloyd defaulted on $106 million owed to billionaire lender Don Hankey. Another lender, Joseph Englanoff, now alleged that he was still owed $22 million. Yahoo News
AROUND NEWS CORP
As Second Homes Get Far More Use, the Question Is: Where Do You Live? [The Wall Street Journal]
What’s the Best Bed for Your Home? An Essential Guide to Bed Styles [realtor.com]
The ‘Sabrina the Teenage Witch’ House in N.J. Could Be Yours for $1.95M [New York Post]
Bad News for Aussies Wanting an Apartment [news.com.au]