Mansion Global's daily round-up of the latest luxury real estate news from around the world
Mansion Global Daily
 | | The Verde Valley outside Sedona, which has a Mediterranean-like climate, is ideal for growing "big jammy reds" like Merlot, as well as Chardonnays. Read More |
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| PAID PROGRAM: Deloitte |  | When Tech Leadership Meets Board GovernanceThe board is listening—are you speaking their language? Technology leaders who translate tech into business value can become strategic partners to the board. Learn More |
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Listing of the day |  | | Amenities include room for lots of cars, a carriage house with an apartment upstairs, a pool and spa, a wine cellar, a gym and a private roof deck. Read More |
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Lifestyle |  | | Instead of lions and elephants, a growing set of uber-luxury tours are heading to polar locales in search of penguins, whales and total remoteness. Read More |
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Tariffs Take a Bite out of Canada's Vacation-Home Market | What a difference a year can make. After reporting renewed interest in Canada's cottage home market last May due to lower borrowing costs and improved affordability, Re/Max Canada is finding a starkly different situation ahead of the summer season this year. This year's survey by the brokerage found that 59% of participants were less confident in the vacation-home market as the burgeoning U.S.-Canda trade war takes shape. Re/Max Canada said that there is a chance for these sentiments to turn around ahead of prime selling season—provided a trade deal is reached soon. BNN Bloomberg |
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U.K. Asking Prices See Smallest Bump in Nine Years | U.K. homes haven't seen late spring asking price this meager in nearly a decade. According to property portal Rightmove, the average asking price for homes and apartments between April 6 and May 10 were up by 0.6% month over month and 1.2% year over year. While it pushed the average asking price to a record high of £380,000 (US$507,626), the gain was the slowest monthly rise for this time of year since 2016. Analysts point to the 10-year-high in available homes for sale as the primary reason for the subdued price growth. The Business Times |
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New-Home Prices Hold Steady in China | After an extended period of turbulence, some stability has come to China's property market. According to data published by the statistics bureau, which tracks changes in 70 large and medium mainland cities, prices for new homes in the nation's four first-tier cities were unchanged in April from March, when prices rose 0.1%. Prices in second-tier cities were also unchanged,and prices in third-tier cities slipped 0.2% over the same period. Lower borrowing costs and state-approved developer support appear to be the driving factors behind the steadiness. South China Morning Post |
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Bollywood Actress Taapsee Pannu Buys Mumbai Luxury Apartment | Bollywood Actress Taapsee Pannu, star of hits "Manmarziyaan" and "Pink,", has purchased a luxury apartment in Mumbai with her sister Shagun Pannu for 4.33 crore (US$507,051). The 1,390-square-foot home is in the upscale Imperial Heights development in the city's Goregaon West neighborhood, an increasingly vibrant region located between the commercial hubs of Andheri and Malad. Hindustan Times |
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'We Live on a Sailboat in the Caribbean—Here's What Life on the High Seas Is Like' [Realtor.com] |
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New South Wales Government Urges Support to End Housing Crisis [news.com.au] |
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