Mansion Global Daily: Big Apple Opportunity, Finnish Residential Real Estate Sales Expected to Slide by 10% in First Half of 2022, and More
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There’s a Window of Opportunity for Buyers of Manhattan Pied-à-Terres to Find a Deal
With less demand and price growth for studios and one-bedrooms, smaller apartments in the borough have a big upside right now. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
In Canada’s British Columbia, an Enormous, Almost 6,000-Acre Ranch Asks C$23.8 Million
Four Hearts Ranch boasts eight homes, private lakes and swaths of forests and hills. Read More
NEIGHBORHOOD NOTES
Bronte, a Seaside Sydney Suburb, Offers Laid-Back Living and Luxury Properties
The family-orientated area, which offers California-style bungalows alongside Italianate villas, witnessed a surge in demand amid the pandemic. Read More
NEWS BITES
Mansion With Casino on Australia’s Gold Coast Coming to Market for A$20 Million
A mansion with a casino on Australia’s Gold Coast is set to hit the market for more than A$20 million (US$13.8 million), after selling for A$11 million in December. Located in the Sovereign Islands, the home had been on and off the market since 2010, and the current owners got a deal, they said. Paul England, who owns national company Spas Direct, and his wife, Kim, have updated the mansion, which had been vacant for some time. One addition is the casino, with a bar, full-size gaming tables and branded chairs and gaming chips. “It’s just a bit of fun, but it’s a great space for holding a party,” Mr. England said. realestate.com.au
U.K. Architectural Leaders Join Forces to Set New Standard for ‘Net-Zero’ Buildings
Industry leaders in the U.K., including the Royal Institute of British Architects, are working together to create a new standard for net-zero carbon buildings in the country. The initiative, dubbed the UK Net Zero Carbon Buildings Standard, aims to clarify what “net-zero” really means, establish “a clear demand for a single, agreed methodology” and encourage the industry to decarbonise to help the U.K. meet its 2035 and 2050 emissions targets, according to the institute. “Working together we will address current ambiguities around the much-used term and develop a common understanding, based on clear performance targets, to support all those involved in the procurement, design, construction and operation of buildings,” said its president, president, Simon Allford. Dezeen
Finnish Residential Real Estate Sales Expected to Slide by 10% in First Half of 2022
Home sales in Finland are projected to slip 10% by July, according to the Mortgage Society of Finland. In addition to inflation, other reasons for the slowdown include increases in the price of residences, expected to be about 1.5% in 2022 and 0.5% next year, as well as uncertainty created by the war in Ukraine. Helsinki Times
Renovated Palm Beach Mansion, Once Home to Ivana Trump, Sells for $73 Million
A waterfront mansion in Palm Beach, Florida, once home to Ivana Trump, has sold for nearly $73 million. Originally designed by well-known Florida architect Addison Mizner, the sellers of the Mediterranean-style home—fashion designer Tomas Maier and his husband, businessman Andrew Preston—were awarded a Robert I. Ballinger Award in 2019 for their restoration of the 1926 residence. The couple purchased the property from Ms. Trump in 2014 for $16.6 million, selling the home for more than four times what they paid for it. The buyer was a limited liability company, Baloobeach, which is registered in Delaware. The Real Deal
AROUND NEWS CORP
This California Home Will Make You Forget Everything You Know About Traditional Beach Design [The Wall Street Journal]
These Are the Nation’s Most—and Least—Affordable Real Estate Markets [Realtor.com]
Inside the Most Luxurious New Trophy Towers Launching This Year in NYC [New York Post]
Major Red Flags for Buyers Considering off the Plan Apartments [news.com.au]
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