Mansion Global Daily: Residential property will remain strong, Dubai posts record third quarter for home sales, and more


Residential real estate is coming back to earth, but will remain strong

Booming demand and limited stocks all indicate continued strength in urban and suburban residential markets around the world. Read more

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A 321-acre resort nestled in the Berkshire Mountains of western Massachusetts

Facilities include a 33-acre lake, rustic guesthouse, Airstream, boathouse, and horseback riding facilities. Read more

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Wood stoves to heat your home and your heart

There’s an intimate and calming vibe in a room designed around one of these old-fashioned devices, around which friends and family can’t help but gather. Read more

NEW BITES

Dubai posts record third quarter for home sales

Dubai may well be back. According to the property portal Property Finder, the emirate recorded AED42.4 billion ($ 11.5 billion) in third quarter sales, making it the best third quarter in Dubai history in terms of value of sales transactions. The 15,926 deals that led to the record sale value also mark Dubai’s best third quarter since 2009. Ready properties accounted for 56.6% of sales, while off-plan homes (i.e. to be built) have been established. 43.4% of transactions, with each property type recording AED 28.85 billion and AED 13.5 billion in sales respectively. The National

Home values ​​soar in Australia’s top beach towns

In some of Australia’s most coveted seaside towns, house prices have climbed six figures in the past year due to growing demand from city residents and remote work, according to Domain data. The appreciation was greatest in Palm Beach, north of Sydney, which recorded gains of A $ 763,078 (US $ 562,419) in the year through June, pushing the median home price in the A $ 4.36 million enclave. “It’s clear we’re very, very popular and I think it’s part and parcel of the Covid situation where people might re-evaluate their life-work relationship,” said David Edwards, director of LJ Hooker Palm real estate. Beach. Domain

London rents rise for the first time since the pandemic

For the first time since the start of the coronavirus pandemic, rents in London have increased. Prices are determined by growing demand from an influx of residents returning to the city to be closer to work, amenities and cultural offerings, according to Rightmove. “As the company reopens, cities have not only rebounded, but are now experiencing strong rental growth, fueled by increased demand and limited inventory,” said Tim Bannister, director of real estate data at Rightmove. Rents were 3.6% higher this summer than last year, pushing the average rent in the capital to £ 2,019 (US $ 2,752). Standard Evening

Mortgage applications in the United States have increased despite higher rates

Mortgage applications in the United States rose 0.2% for the week ending Friday, compared to the previous week, although the 30-year fixed rate reached 3.18% during the week, the highest level since June, according to the latest data from the Mortgage Bankers Association. “An increase in home purchase requests offset a slight drop in refinancing,” said Joel Kan, an association executive. Traditional purchase requests increased 2% from the previous week, while refinancing requests fell more than 3%. Refinancing requests fell 11% over the past month as the 30-year fixed rate rose 15 basis points over the same period. World Property Journal

AROUND NEWS CORP

Retired couple moved to Nashville area to create their dream: a home for jam sessions [The Wall Street Journal]

Found one? 10 things to do before bidding on a home [realtor.com]

Homebuyers have fled cities as Covid spreads, but many are heading downtown again [MarketWatch]

Converted Kurrajong Heights Church Sold to Sydney Buyer at 25% Premium [news.com.au]


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