Mansion Global Daily: With Upscale Rentals Having A Moment In London, Dubai Says Record Trophy House Sales, And More

Soaring demand drives up decade-long price hikes in London’s luxury rental market

Office workers and returning students underlie the city’s appetite for rental housing. Read more

BY THE NUMBERS

TREND TODAY

LIST OF THE DAY

Art Deco furnished apartment in the heart of Knightsbridge, central London

The two-bedroom apartment, ideal as a pied-à-terre, has been recently renovated by its designer owner. Read more

DESIGNER’S CORNER

Go back in time by designing a Speakeasy house

How to create a chic and sophisticated space to soak up and socialize that recalls the beginning of the 20th century. Read more

NEW BITES

For-profit home deals hit decade-high in Australia

Almost every Australian home seller who parted with a pad in the second quarter of the year made a profit, according to data from CoreLogic. Highlighting the downward force of the real estate market, more than nine in 10 sellers have sold their homes for a gain, marking the highest proportion of lucrative deals since 2011. Of the more than 100,000 resales that have changed hands over the years. last three years. monthly window, the typical nationwide profit was AU $ 265,000 (US $ 190,670). Domain

London remains a hotspot for British investors

London continues to be the most attractive destination for UK investors, with 40% of those considering a purchase in the next 12 months turning to the capital, according to FJP Investment. The West Midlands and East of England ranked second and third, with 32% and 26%, respectively, of investors seeking properties in these regions. The South West was fourth on the list with 19%, followed by the East Midlands with 17%. VilleA.M.

‘Flipping Out’ Star Jeff Lewis Releases Los Angeles Mansion For $ 5.5 Million

Interior designer and “Flipping Out” star Jeff Lewis has put his renovated Los Angeles mansion back on the market for $ 5.5 million. The house was first listed in August 2020 for $ 5.8 million, and the price was reduced to $ 5.5 million the following month. It was then taken off the market in November. It reappeared in August for $ 6 million, was withdrawn shortly thereafter, and then relisted at the current lower price. Mr Lewis, who runs his own boutique design business, bought the property in 2016 for $ 3.125 million. realtor.com

Dubai records record number of in-house trophy sales

A record number of trophy homes have been sold in Dubai this year, with 54 deals for the equivalent of $ 10 million or more, according to a study by real estate consultancy Knight Frank. This breaks a previous benchmark set in 2015, when 31 houses of this caliber traded hands. The surge in premium home sales comes amid a market-wide rebound in Dubai and Abu Dhabi, the capital of the United Arab Emirates. Real estate values ​​in the two cities rose at their fastest pace in six years in the third quarter, with villa prices in Dubai rising 16.5% year-over-year, according to Knight Frank. The National

AROUND NEWS CORP

New York rents rise as discounts on Covid-19 pandemic fade [The Wall Street Journal]

6 things people are saying about buying a home today that aren’t true [realtor.com]

Highest unit in tallest condo in the world sells for $ 28.5 million, a discount of $ 10 million [New York Post]

China Evergrande is making progress in restructuring as payment for bonds falls due. What there is to know. [Barron’s]