De Mansion Global Experience Luxury: Space Age Design relaunches

With renewed enthusiasm for spaceflight inspiring billionaires to invest in speedy trips to the stratosphere, we could see a new wave of sci-fi-inspired homes. Read more

IN NUMBERS


TRENDING TODAY


LIST OF THE DAY


Modern Hawaiian Home Channels Japanese Architecture On Lush Island Of Kauai

Windows and doors open to a covered lanai, pool, and ocean and mountain views. Read more

INSIDERS


Off-market luxury home sales are rising in London, says buying agency founder

Hannah Aykroyd talks about the importance of having an unbiased guide, the growth of US buyers and the £5m+ market. Read more

NEWS

A dismantled house outside Melbourne, Australia changes hands for the first time in a century

A single-storey house in Brighton, a seaside suburb of Melbourne, Australia, sold for A$5.395 million ($3.91 million) at auction over the weekend. The dilapidated house attracted around 50 buyers with a first offer of A$5.25 million. The home, owned by the same family for 100 years, has 9,170 square feet of indoor living space with three bedrooms, two bathrooms, two living rooms, and a kitchen. There is also a courtyard garden and a separate guest house. Domain

Housing prices in Istanbul increased by 63% in 2021

Istanbul’s housing market has exploded in 2021, with prices up 63% year-on-year, according to data from Bahçeşehir University’s Center for Economic and Social Research (BETAM). A total of 276,000 homes were sold in the city throughout 2021, an increase of nearly 4% from the previous year. In December alone, 39,000 homes were sold despite rising prices. Hurriyet Daily News

Real estate investors are turning away from the San Francisco Bay Area

The San Francisco Bay Area isn’t seeing as many real estate investors as the rest of the country as rising prices in the area dampen rental yields, according to data from Redfin. Nationally, private equity and public funds bought nearly one in five U.S. homes in 2021. In the San Francisco and East Bay area, inventors bought 6% of homes sold throughout throughout the year, while in the San Jose metro area, the percentage of investors was only 4%. “Investors want high returns,” said Redfin chief economist Daryl Fairweather. “The Bay Area is kind of past its prime.” news from mercury

Chicago mobster Joey ‘The Clown’ Lombardo’s longtime home sold

A vintage brick home in Chicago’s West Town neighborhood that was the longtime home of Chicago Outfit boss Joseph “Joey the Clown” Lombardo sold for $600,000 last Friday. The house has two three-bedroom apartments with nine-foot ceilings, as well as the one-bedroom apartment in the basement. The Lombardo family first listed the home in August 2021 for $800,000. Lombardo, who died in federal prison in 2019 at age 90 after being convicted of murder in the 2007 Family Secrets trial, had lived in the building for nearly seven decades. Chicago Grandstand

AROUND NEWS CORP

How will the Russian invasion affect UK house prices? [The Times of London]

Washington, DC, Home on Capitol Hill Lists after a million dollar renovation [The Wall Street Journal]

Own a rental property? Why File Your Taxes This Year Rules [Realtor.com]

Young buyers are “in a hurry” to own a home [news.com.au]

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