A three-apartment penthouse combination, spanning the top four floors of the Charles condominium at 1355 First Avenue, sold for $37.94 million and was the most expensive closed sale of the week, according to city records.
The price is the highest ever paid for a home on the Upper East Side east of Third Avenue, according to CityRealty, which tracks co-op and condo sales.
The price of prime residential development land in Asia slowed to 1.1% in the first half of 2015, down from 3% in the previous six months, but prime office land increased to 3.6%, up from 2.5%.
The latest prime Asia development land index from international real estate firm Knight Frank also shows that Phnom Penh in Vietnam recorded the strongest increase in both prime residential and office land price.
Americans are renting more than twice as long before buying their first home as they did in the 1970s, new research has found.
Aspiring home buyers are now renting for six years compared to an average of 2.6 years compared to 40 years ago, according to an analysis from real estate firm Zillow.
Lower priced houses in the United States have been outperforming the middle priced market and are now only 10% below their peak values of 2006, a new analysis shows.
Middle tier homes, typically selling between $120,000 and $345,000, are the worst performing segment with current price levels 24.8% below 2006 peak levels, according to a new report from real estate firm Clear Capital.
It says that this vast difference in market recovery underscores the continued challenges the majority of home owners face, despite a quicker recovery in both the bottom and top segments of the market.
The Swiss property market, moving ahead while the economy shrinks, is in more danger of developing a bubble than at any time since 1991, UBS said in a quarterly study on Tuesday.
Negative interest rates have created excess demand for property as an investment, the Zurich-based bank said, which brings the housing market back into focus for the Swiss National Bank (SNB).
Loan applications for second homes hit their highest on record in the second quarter, UBS said.
Cuenca, Ecuador, has been a top retirement choice for people on a budget for years. The costs of living and of real estate in this colonial city have long been more affordable than other comparably appealing retirement options in Latin America until now. Thanks to the U.S. dollar’s continuing surge against the Colombian peso, Colombia now offers the most affordable retirement real estate options in the region.
Colombia saw a construction and real estate boom starting around 2004, as the former president Álvaro Uribe subdued leftist insurgents and increased security, said Paul Juan, the principal owner of Paul Juan Realty, a brokerage in Cartagena. While international home buyers largely disappeared with the global real estate crisis of 2008, domestic demand kept real estate prices buoyant even if sales slowed for a couple of years, he said.
Some 200,000 homes will be made available to first-time buyers in England by 2020 if the Tories win the election, David Cameron has promised.
The coalition government has already announced plans for 100,000 cut-price homes for people aged under 40.
Theft, burglary and shoplifting have "virtually been decriminalised" because the offences are not treated as a priority by police or the courts, a report for a think tank has suggested.
Policy Exchange says large swathes of low value property offending in England and Wales is going unreported.
Singapore has retained its position as the world's most expensive city, according to research by the Economist Intelligence Unit (EIU).
The top five most expensive cities in the world remain unchanged from a year earlier and include, in descending order, Paris, Oslo, Zurich and Sydney.
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