Category: Other
Barbra Streisand’s Former Art Deco Town House Lists for $18 Million – Architectural Digest
While the NYC native might’ve preferred a more horizontal sprawl, the home’s five stories and basement level are all conveniently connected via elevator. Its original winding staircase sports an intricate metal railing. Listing photos show that the residence is styled in homage to the era in which it was built—particularly in its formal living and dining areas, which are decked out with large-scale period-appropriate art, antique furniture, original wood-burning fireplaces, and opulent light fixtures. The lighting and intricate crown molding are among the home’s classic details. Photo: Evan Joseph for…
Read MoreHousing Market Takes A Hit With Starts At Lowest Since Pandemic, High Rates Discourage Builders And Buyers – Benzinga
New data from the U.S. Census Bureau shows that housing starts have sunk to their lowest point since the early days of the pandemic in 2020, recording a 19% drop compared to last year. With the Federal Reserve maintaining high interest rates to tackle stubborn inflation, the downturn in the housing market is intensifying, impacting both builders and prospective homeowners. Contrary to economists’ expectations of a rise to an annual rate of 1.37 million, housing starts fell 5.5% from April to a seasonally adjusted rate of 1.277 million, indicating mounting…
Read MoreThe 25 Most Expensive Homes in the World for Sale – Robb Report
Published on June 27, 2024 Simon Berlyn Continuing with last year’s themes of topsy-turviness and trending slowdowns, real estate markets around the globe remain in flux. And, while hardly dormant, the multibillion-dollar ultraluxury market has not been immune to the pressures of inflation and high interest rates, not to mention political tension and financial unrest in many parts of the world. As Bloomberg recently put it, “It’s not a great time to sell a mega-mansion.” Still, while fewer in number than in recent years, eye-popping sales of extraordinary trophy residences…
Read MoreIn the Hamptons, a Waterfront Cottage Hits the Market for $1.8M – Dwell
Welcome to Beach Week, our annual celebration of the best place on Earth. Location: 10 Helens Lane, Southampton, New York Price: $1,795,000 From the Agent: “Experience the epitome of bespoke waterfront living, where every detail bears the imprint of the owner/designer’s vision and passion. As you enter the property, a regal Japanese maple in the courtyard extends its welcome, leading you into the foyer where you’ll discover a mirrored haven. Repeated elements provide a sense of cohesion throughout the design, like the 19th-century wood panels imported from the UK that…
Read MoreGCC states will create $1-2 trillion in wealth by 2025, reveals Juwai IQI – Gulf Today
Top officials during the press conference in Dubai. Inayat-ur-Rahman, Business Editor The Gulf Cooperation Council (GCC) countries will become one of the leading regions to achieve economic progression in the next few years and adding $1-2 trillion of wealth by 2025. In an exclusive interview with Gulf Today Kashif Ansari, co-founder and Group CEO of Juwai IQI stated that global investors are moving to the GCC due to high level of economic growth in the region. Ansari shared that five sectors would contribute to the overall wealth generation in the…
Read MoreGowanus Is Toxic. Luxury Real-Estate Buyers Don’t Care. – Curbed
Photo-Illustration: Curbed; Photos: Getty For nearly a year now, the Department of Environmental Conservation has been quietly investigating 100 blocks in Gowanus for the presence of cancer-causing fumes, a response to the high concentrations of trichloroethylene vapors, 10,000 times over the allowable amount determined by the New York State health department, that were discovered a few years ago at the Royal Palms Shuffleboard Club at 514 Union Street. Similar tests conducted last year showed dangerously high levels of the vapor, the remnants of an industrial solvent that collects in the…
Read MoreAndrea Nucera among 150 most powerful figures’ list – Gulf Today
Andrea Nucera, Managing Director of Reportage Properties. Inayat-ur-Rahman, Business Editor The specialised news platform and magazine for the construction and contracting sector in the Middle East, has ranked Andrea Nucera, Managing Director of Reportage Properties, on the 2024 list of the 150 most powerful and influential figures in the construction and building sector in the Middle East. Andrea Nucera is one of the prominent leaders in the real estate sector in the UAE and the region. He held his current position since Reportage Properties was established in 2014. Thanks to…
Read MoreAustin Housing Market Rocked as New Home Prices Slashed Up to 30% – Newsweek
The former pandemic boomtown of Austin, Texas, is still seeing sellers slashing the asking price on their homes by as much as 30 percent, with the city yet to fully recover from the aggressive blow it was dealt in recent years. Read more: How Much Is My House Worth? How to Determine Your Home’s Value A newly built, three-bedroom, three-bathroom single-family home in New York Avenue, Austin, was listed for sale on Zillow on Monday, June 24, for $899,000—over $400,000 less than it was sold for in August 2023. The…
Read MoreThinking of Downsizing Your Home? – City News Group, Inc
As economic landscapes shift, many homeowners are reevaluating their housing needs and exploring the advantages of downsizing while maintaining property as an investment or rental opportunity. This strategic approach not only caters to personal lifestyle changes but also leverages real estate as a financial asset in uncertain times. Optimizing Space and Lifestyle: In California, where housing costs remain high, older residents often find downsizing appealing. Transitioning to a smaller home with fewer bedrooms or opting for a single-story layout can enhance comfort and convenience, especially as mobility needs evolve. By…
Read MoreOMNIYAT GROUP To Spearhead New Ventures With A Target Of An AED 100B Portfolio In The Next Five Years – Construction Business News
OMNIYAT GROUP’s commitment includes AED 50B in new real estate divisions targeting multiple segments in the market OMNIYAT, Dubai’s ultra-luxury real estate leader, has announced a new chapter in its remarkable journey by unveiling a new corporate structure led by the newly-formed OMNIYAT GROUP. Founded as an umbrella to drive success across its branded companies, OMNIYAT GROUP has announced an AED 100B total group portfolio target over the next five years and committed AED 50B in portfolio value for new ventures across diversified real estate sectors. OMNIYAT was founded in…
Read MoreOmniyat unveils new corporate structure; eyes $27bn portfolio – Trade Arabia
Omniyat, Dubai’s ultra-luxury real estate leader, has announced a new chapter in its journey with the unveiling of a new corporate structure led by the newly-formed Omniyat Group. Founded as an umbrella to drive success across its branded companies, Omniyat Group has announced an AED100 billion ($22.7 billion) total group portfolio target over the next five years. The announcement marks a significant milestone as the Omniyat Group proudly reinforces its commitment to contribute in reshaping the real estate landscape both in Dubai and the wider region. Omniyat…
Read MoreEXPOSED: El-Rufai, Tinubu’s Minister, Labour Leader, Atiku’s 23-Year-Old Daughter, Other ‘Owners’ Of N1.49trn … – 247 Ureports
Within four years, politically exposed personalities (PEPs) in Nigeria have doubled their investment in the real estate sector of Dubai, United Arab Emirates, according to an investigation on Business Day. The newspaper reports that the investigation is part of ‘Dubai Unlocked,’ a six-month probe of UAE’s booming and secretive property market led by the Organized Crime and Corruption Reporting Project (OCCRP) together with more than 70 media partners. Economy Post is said to be the only Nigerian firm which participated in the project. The newspaper reported that as of 2020, 800…
Read MoreTinubu’s Minister, Atiku, Datti Baba-Ahmed, About 200 Nigerian Politicians, Others Linked To $1 Billion Worth Of … – SaharaReporters.com
About 200 Nigerian politicians and security officers, along with their families, have invested nearly $1 billion (N1.49 trillion) in the Dubai property market. A recent investigation by Business Day tagged ‘Dubai Unlocked’ The investigation, led by the Organized Crime and Corruption Reporting Project (OCCRP) and Economy Post, revealed that the individuals have amassed a total of 1,600 properties in prime locations in Dubai over the past two decades. Dubai Unlocked, a six-month investigation into the UAE’s property market, involved more than 70 media partners. BusinessDay obtained exclusive files from Economy…
Read MoreEXPOSED: El-Rufai, Tinubu’s Minister, Labour Leader, Atiku’s 23-year-old daughter, other ‘owners’ of N1.49trn … – Daily Trust
Within four years, politically exposed personalities (PEPs) in Nigeria have doubled their investment in the real estate sector of Dubai, United Arab Emirates, according to an investigation on Business Day. The newspaper reports that the investigation is part of ‘Dubai Unlocked,’ a six-month probe of UAE’s booming and secretive property market led by the Organized Crime and Corruption Reporting Project (OCCRP) together with more than 70 media partners. Economy Post is said to be the only Nigerian firm which participated in the project. The newspaper reported that as of 2020,…
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