Mansion Global Daily: Courchevel on Top, Dubai’s Depressed Market Ripe for Bargains and More

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French Village of Courchevel 1850 Ranks Top for Prime Ski Property Prices

Lack of supply and diversified offerings are driving demand. Read More

BY THE NUMBERS 


TRENDING TODAY 


LISTING OF THE DAY 


This Firehouse-Turned-Townhouse in Manhattan’s West Village Pays Homage to its Past

This five-story home comes with a large ground-level garage and plenty of outdoor space. Read More

SMART HOMES 


Clean & Clever: A Guide to Smart Dishwashers

Make cleaning up after a meal less of a chore with Wi-Fi connectivity. Read More

NEWS BITES 

Dubai’s Depressed Market Ripe for Bargains A marked decrease in Dubai real estate prices has created a new level of interest among foreign buyers. The new possibility of long-term visas for investors has also fueled interest. Investing at least AED5 million (US$1.37 million) is necessary for a five-year visa. An increase in property transactions took the total value of sales up 33% between January and May, to AED34 billion this year compared to AED24 billion last year. Gulf News

Elvis Honeymoon Home Hits Market Again The Palm Springs, California, home where Elvis Presley spent his 1967 honeymoon has returned to the market, listed at $3.2 million. The home was first listed for $9.5 million in 2014 and has seen close to a dozen price adjustments since then. The property size has dropped from 1.25 acres to 0.33 acres. The modern stucco home, which Presley rented, was built in 1960 and has 4,695 square feet of interior space. Los Angeles Times

Korean Growth Limited by Real Estate Restrictions Efforts to limit rising home prices in South Korea, which included raising taxes on high-priced houses, tightening up lending and placing price caps on certain properties, have resulted in limited growth for the country. Since the measures began in 2017, debt growth has stabilized while the appreciation of apartment prices has declined and prices have only grown by 3.5%. At the same time, declines in the construction industry, which represents 15% of South Korea’s economy, have dragged down the overall economic health of the country. Bloomberg

Paris Market Rises as London Sinks Many in the real estate industry expect that while London’s property market has suffered amid Brexit uncertainty, Paris’s star will rise. The French capital has low borrowing rates and could benefit from those whose favor has turned from London. Listings increased after President François Hollande created a high tax on top earners, but there is starting to be more interest in high-end properties. Knight Frank expects the top 5% of listings to see price increases of as much as 7% while the prices in that sphere are now 21% above what they were in 2015. New York Times

AROUND NEWS CORP 

George Lucas Grows Beachfront Compound in California Celebrity Enclave [The Wall Street Journal]

Empty Nest—Where Next? [The Times of London]

Estate Sale: Where to Find America’s Cheapest Mansions [New York Post]

The Best Real Estate Advice of 2019—Back by Popular Demand [realtor.com]

 

 



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