Mansion Global Daily: Another Record Week for U.S. Prices, 2022 Property Tax Changes, and More


US prices hit new high as new listings rebound

The median price of homes is 30% higher than it was in 2019. Read more

BY THE NUMBERS


TREND TODAY


LIST OF THE DAY


90-acre estate outside of Telluride, Colo. Includes star-studded recording studio

Neil Young, Jewel and Peter Gabriel recorded here. Read more

TALK TAX


Which US states are planning to change property taxes for 2022

Texas, New York and California have initiatives that could affect property tax bills. Read more

NEW BITES

Singapore luxury home sales hit new high

Sales in the luxury sector are accelerating with the gradual reopening of Singapore. In particular, high-end housing transaction volumes reached an all-time high. Activity in the posh residential market, especially residential units priced above S $ 10 million (US $ 7.32 million), remained strong this year and even exceeded sales of watches and jewelry, said the Institute of Real Estate and Urban Studies at the National University of Singapore. In its analysis, the institute only considered transactions of individual units each bringing in more than S $ 10 million. He omitted sales and collective transactions of multiple units. Business time

Eminem’s former Detroit home is listed for $ 3.23 million

A 17,500-square-foot mansion in Detroit’s Rochester Hills, formerly owned by rapper Eminem, is back on the market for $ 3.23 million. The estate spans nearly 6 acres with six bedrooms and 10 bathrooms, a tennis and basketball court, swimming pool, hot tub, cabana, and 2,000 square foot guesthouse. , indicates the list. The property also has a first rate audio, visual and lighting system. Eminem, real name Marshall Mathers, purchased the property in 2003. Detroit Free Press

Demand increases in Australian Queensland as border reopens

In the hours after the Queensland government announced the reopening of the state border on Monday, interstate buyer searches for properties in Australia’s Sunshine state soared 15%. The increase in activity continued the day after the Dec.6 announcement, but only 3%, according to data from the REA Group. The new wave came after “a few days of waning research,” according to analysts at REA. real estate.com.au

UAE market is driven by growing demand for villas and townhouses

Growing demand for villas and townhouses is driving the UAE’s residential real estate market to rebound, according to a senior banking official. Driven by trends such as remote working and community living, villas and townhouses are emerging as the preferred choice for residential property buyers, according to Cyril Lincoln, executive vice president of Mashreq Bank. The surge in demand is driven by changing consumer needs for purchasing residential properties, he said. Mr Lincoln pointed out that expatriate families are now looking for more open space in the form of single or semi-detached homes. Arabia Trade

AROUND NEWS CORP

Call to tax homeowners after £ 3 trillion windfall on property value [The Times of London]

A-Rod sells Miami house for $ 6.3 million after Jennifer Lopez split [New York Post]

Miami Beach couple join a rush of luxury shoppers in the region’s Venetian Islands [The Wall Street Journal]

Most Popular Australian Suburbs For Home Buyers Revealed [news.com.au]

Penny D. Jackson