Mansion Global Daily: A Bel Air New Build With a Hefty Price Tag, Returning International Executives Give Prime London Real Estate a Boost, and More
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A New Build Designed by Zoltan Pali in Los Angeles’s Wealthy Bel Air Enclave Lists for $47.5 Million
Amenities at the three-level modern home include a pool overlooking a golf green of the Bel Air Country Club. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Waterfront Home in a Historic Section of Fort Myers, Florida, With a 75,000-Gallon Pool and a Hot Tub for 16
The 10,000-square-foot home with 150 feet of frontage on the Caloosahatchee River is currently the highest-priced listing in the city. Read More
DESIGNER’S CORNER
To Animate an Outdoor Space, Choose Plants That Thrive (and Add Style)
Hardy plants create pleasant greenery in the warmer months, while setting a mood—and adding privacy. Read More
NEWS BITES
Returning International Executives Give Prime London Real Estate a Boost
A surge of international business executives returning to the U.K. has proved to be a boon for prime central real estate in the capital. Through the first three months of the year, the prime central London relocation market saw a 150% increase in demand as overseas bankers, investors and other executives began eyeing a return to the capital amid relaxing Covid-19 travel restrictions, according to data from London-based estate agency Winkworth. City A.M.
Hong Kong Home Prices Hit 14-Month Low
A fifth wave outbreak of the coronavirus has panicked Hong Kong home sellers slashing asking prices, sending property values in the city to lows not seen since January 2021. Prices for lived-in homes in the city fell 0.7% in March, the third straight month of price drops, taking the Rating and Valuation Department Index to 381.3, the lowest it has been in 14 months, and completely wiping out the 3.19% price gain which Hong Kong achieved over the course of 2021. Additionally, according to Ricacorp, 264 homeowners sold their property at a loss in the first quarter of 2022, the most to do so since the third quarter of 2010. South China Morning Post
Miami Is Now the Third Priciest City for Renters in the U.S.
According to the latest Zumper National Rent Report, Miami has claimed the title of third priciest city for renters in the U.S., bumping Boston to the fourth spot. The monthly report found that the average Miami renter is paying $2,630 per month in April—marking a 5.2% price increase over March. The top two spots in the ranking were claimed by New York City and San Francisco, which sport monthly average rents of $3,420 and $2,900, respectively. Nationally, the median rent for a one-bedroom stands at $1,410 per month. The Real Deal
‘The Big Bang Theory’ Star Kaley Cuoco Buys ‘Twilight’ Actor’s Southern California Spread
Actress Kaley Cuoco of “The Big Bang Theory” and HBO’s “The Flight Attendant” has dropped $5.25 million on the Agoura Hills, California, home of actor Taylor Lautner, who starred in the “Twilight” film series. The five-bedroom, four-bathroom home sits on 8.92 acres and features a home automation system, multiple fire pits, a second-floor sports lounge, an infinity-edge pool and spa, and a bocce ball court. Ms. Cuoco, who recently sold her L.A. home for $16.2 million, offered Mr. Lautner a quarter-million more than his $5 million asking price. Dirt
AROUND NEWS CORP
Inside a Wisconsin Lake House Where Water Views Are Front and Center [The Wall Street Journal]
The New Rules of Renovating: 5 Harsh Truths About Home Improvement Today [Realtor.com]
Twice as Nice: Palatial Miami Manor Doubles Asking Price to $48M After Years on Market [New York Post]
Western Sydney Braces for Housing Shortage [news.com.au]
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