Mansion Global's daily round-up of the latest luxury real estate news from around the world
Mansion Global Daily
 | | The historic Seoul neighborhood is home to stately villas, international embassies and some of the city's priciest developments. Read More |
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| CONTENT FROM: Amara |  | Amara Sarasota: Exclusive Marina Residences on Golden Gate PointAmara Sarasota, a collection of luxury condominium residences, is situated on 660 feet of direct waterfront on Sarasota Bay. These homes offer private boat slips, an esplanade along the shore, and a pool terrace with city skyline views. Experience unparalleled waterfront living in the heart of downtown Sarasota. Learn More |
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Listing of the day |  | | Their Colorado "winter wonderland" offers skiing and two ponds for curling, ice hockey and skating. Read More |
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The Insiders |  | | LXIV Group founders Ezra and Jessica Glass discuss transforming a historic Georgetown residence into luxurious accommodations that emphasize comfort and security. Read More |
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China's Luxury Rentals Continue to Struggle | It has not been a good few years for China's high-end rental market. The average rent for apartments in Beijing's central business district, once an enclave of multinational corporate clients, dropped 17% year over year in February to 11,385 yuan (US$1,750). Shanghai's luxury rental hubs of Lujiazui and the Jingan Temple neighborhood didn't fare much better, seeing declines of 8% and 13%, respectively. The luxury rental sector has struggled in the nation since the Covid-19 pandemic, which saw an exodus of international businesses and expats amid stringent social distancing laws. South China Morning Post |
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Montreal's Home Sales Are up—and So Is 'Overbidding' | It's a sellers market in Montreal. According to the Quebec Professional Association of Real Estate Brokers, home sales in the city and surrounding environs were up 7.4% year over year in February, while median prices of a single-family home and condo rose 8.9% and 6.3%, respectively. New listings in Montreal were also up—4.5%—but still well below historical averages, which has led to the conditions that are beneficial for sellers. While pricier properties are languishing a bit on the market, those homes in the C$400,000 (US$277,422) to C$600,000 range are seeing a flurry of overbidding, according to analysts. BNN Bloomberg |
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Mortgages Cost Less Than Renting in the U.K. | Mortgages for first-time buyers in the U.K. cost 20% less than renting, according to property portal Zoopla. Monthly mortgage payments in the U.K. for first-time buyers average out to £1,038 (US$1,340) per month, while the average monthly rent sits at £1,248. Across all regions of the U.K., it is less expensive to buy than rent—except East of England, where buying is 9% more expensive. The North East has the biggest gap between buying and renting, with buyers, on average, making mortgage payments 24% lower than monthly rents. PropertyWire |
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English Home Comes With Fantasy-Inspired Treehouse | A 1914 manor house in Oxfordshire, England, complete with wood-paneled walls, fireplaces, and marble floors, has hit the market for £4.25 million (US$5.49 million)—but its biggest draw may not be the main residence. The property also includes a one-of-a-kind, fantasy-inspired treehouse, built by the owners, that includes climbing walls, a ropes course, a zip wire, a shower-room, built-in beds, and the highlight, a slide carved in the shape of a dragon's head and neck. Domain |
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