Mansion Global Daily: Super-Prime Buyers Still Searching in the U.K., Dubai Home Sales Hit Three-Year High and More

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Despite Volatility and Slowdown in the U.K., Super-Prime Buyers Are Still Searching for Listings

The crisis “has reminded many investors of the appeal of property as a greater proportion of their portfolio,” according to Knight Frank. Read More

BY THE NUMBERS 


TRENDING TODAY 


LISTING OF THE DAY 


Waterfront Lanai Condo on Miami Beach’s Private Fisher Island

The turnkey model home is on the ground floor of the new Palazzo Della Luna luxury condo development. Read More

TAX TALK 


U.S. States That Saw the Largest Drops and Rises in Property Taxes

North Dakota saw the largest increase, and Kentucky saw the biggest decrease, according to ATTOM Data Solutions. Read More

NEWS BITES 

Victoria, Australia, Bans Inspections of Occupied Homes During Covid-19 The state of Victoria, Australia, has ordered real estate agents not to conduct private inspections of properties that are occupied either by owners or renters. The government has already banned public auctions or inspections during the Covid-19 pandemic, only allowing one-on-one inspections and virtual auctions instead. Domain

Canadian Real Estate Hit Hard in the Second Half of March Major housing markets in Canada started off relatively strong in March, but fell swiftly as the Covid-19 pandemic swept through many parts of the country. In Toronto, home sales were up 49% in the first 14 days of March compared to last year, but the number of sales fell 16% as the month closed. Canadian Broadcasting Corporation

Dubai Home Sales Hit Three-Year High in the First Quarter Despite the Covid-19 The number of home sales in Dubai grew 9.7% year-over-year to 10,243 in the first quarter, the highest level since the first quarter of 2017, according to real estate site Property Finder. In March, there were 3.124 residential transactions with a total value of US$1.9 billion (AE$6.99 billion), despite the restrictions on market activities caused by Covid-19. Construction Week

Northern California Housing Market Shows Signs of Slowdown The housing market in Sonoma County, the wine region in Northern California, showed signs of a sharp slowdown in March amid the global Covid-19 crisis. Nearly 218 homes were taken off the market in March, compared to 59 in the same period last year. The Press Democrat

AROUND NEWS CORP 

Wealthy City Dwellers Seek Refuge From Coronavirus at Remote Ranches [The Wall Street Journal]

These Were the Hottest Markets for Real Estate in March 2020—Will We See a Change? [realtor.com]

Tycoon Fleeing Virus Snatches up Hamptons’ Priciest Rental [New York Post]

Why the Time Is Right for First-Home Buyers [news.com.au]



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