Mansion Global's daily round-up of the latest luxury real estate news from around the world
Mansion Global Daily
 | | The mansion in New Canaan, Connecticut, is headed to market for $11 million. Read More |
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BY THE NUMBERS |  |
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| CONTENT FROM: Rosewood Residences Naples |  | Rosewood Residences Naples: A Rare Waterfront Sanctuary in the Heart of ParadiseSet along the pristine shores of Naples, Rosewood Residences offers an intimate collection of luxury waterfront homes designed for effortless coastal living. Blending timeless elegance with modern sophistication, this exclusive enclave redefines what it means to call Naples home. Learn More |
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Listing of the day |  | | Located on the Paragon, one of the oldest crescents in Bath, the five-bedroom house combines all the appeal of a period home with modern additions. Read More |
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Renos & Rebuilds |  | | Orior creative director Ciarán McGuigan and his wife, Logann, transformed their Clinton Hill space while preserving its past. Read More |
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L.A. Mansion Tax Stymies Multifamily Development | Los Angeles's mansion tax has hit multifamily construction in the city, which is already facing a chronic housing shortage, according to a new study from the University of California at Los Angeles. The levy, which went into effect in April 2023, adds a 4% sales tax on homes—as well as multi-unit buildings—exceeding $5 million and a 5.5% charge on those above $10 million. The study found the tax led to a 50% decline in sales above the $5 million threshold, undermining residential construction and affecting the city's property tax revenue growth. Bloomberg |
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Denver Housing Market Limps Along With Low Sales and High Prices | In the five years since the Covid-19 pandemic started, the median home price in Denver first soared 38.5% to a peak of $616,500 in 2022, then floated down slightly to $599,000, down 3.9% from the top, as mortgage rates and inventory rose. There are now eight times more homes for sale than there were in 2022, but sales volume hasn't improved due to affordability. Denver Post |
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Sales Plunged 23% in the Greater Toronto Area in March | Despite lower interest rates, the Greater Toronto Area's market is struggling due to the impact of tariffs and trade conflicts with the U.S. The latest report from the Toronto Regional Real Estate Board, released Thursday, shows that there were just 5,011 home sales in March, marking a 23.1% decrease over last year's level. Meanwhile, the number of listings continued to grow to 17,263, a 28.6% increase year over year. Storeys |
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Actress Ellie Kemper Lists Manhattan Apartment for $7.49 Million | Ellie Kemper is selling her Manhattan home, listing it for $7.49 million. The actress, known for her work on "The Office" and "Unbreakable Kimmy Schmidt," and her husband, TV writer and producer Michael Koman, have owned the Upper West Side co-op since October 2021, when they bought it for $7.84 million. Located on Central Park West, the 3,750-square-foot apartment has four bedrooms, five full bathrooms and two half-bathrooms as well as 60 feet of Central Park views. New York Post |
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What Trump's 'Liberation Day' Tariffs Mean for the Housing Market [Realtor.com] |
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'Never Been Worse': Most Expensive Australian Electorates for Renters Revealed [news.com.au] |
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