After six months of being on the market, with no takers, the luxurious former home of singer Michael Jackson is being pitched to buyers in Asia - on the internet. The current owner is asking around $100m for the property, which features a mansion, several guest cottages, a farm and a lake.
As the rate of price growth slows in many global city markets, transaction costs and taxation are becoming increasingly important considerations for investors, a new analysis suggests.
With slower price growth forecast in a number of prime city markets, investors are looking more closely at the cost side of the investment equation, according to the report from international real estate firm Knight Frank.
Milan, with a population of about 1.3 million people, is the second-largest city in Italy, after Rome, and is a capital of fashion and design. The most sought-after properties are renovated historic apartments, mostly dating from the 19th and early 20th centuries, in the central districts of Brera and the neighboring Quadrilatero della Moda, or the fashion quarter.
The annual rate of growth slowed to 7.6 percent in October, the lowest level since January 2014
New York and Boston were considered fair-valued, leaving 12 of the 15 cities surveyed overvalued
The real estate market in Miami, one of the most popular US locations for overseas buyers, is going from strength to strength with properties selling fast and prices increasing.
October marked more than four years of consistent monthly median sales price increases for both single family homes and condominiums, according to the latest data from the Miami Association of Realtors.
Residential property sales and prices in Spain are rising year on year and more new mortgages are being granted, suggesting the market continues to recover from the economic downturn.
The latest figures from the General Council of Notaries show that in September sales increased by 8.7%, house prices rose by 1.7%, and the number of new mortgage loans granted grew by 17.4%.
After renting a one-bedroom for seven years, Catherine and Peter Bertazzoni had saved enough for a down payment and were ready to buy their first apartment together. They knew it would be a challenge to find a move-in-ready two-bedroom on the Upper West Side within their $1.5 million budget, but with a baby on the way, they needed more space.
At least the monthly rent will include access to a number of amenities, including Wi-Fi, dog-walking, twice-a-day turndowns, and packing and unpacking services
New Yorkers are used to living in shoe box apartments. Now, more of them can see what it is like to live in something even smaller. Leasing begins Monday at Carmel Place, the city’s first micro-unit development, a nine-story, modular building at 335 East 27th Street with 55 studios ranging from 260 to 360 square feet.
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