Mansion Global Daily: The Lasting Impact of Europe's Travel Ban, U.S.’s Ski Towns See Increase in Demand for Luxury Properties and More - Mansion Global

The Impacts of Europe’s Travel Bans Could Last Long After They Are Lifted

European investors may adopt a more conservative mindset when it comes to decisions about second-home purchases. Read More

BY THE NUMBERS 

TRENDING TODAY 

LISTING OF THE DAY 

This Large Penthouse in London’s Chelsea Neighborhood Offers Myriad Amenities

The four-bedroom apartment is in the Chelsea Waterfront development. Read More

THE INSIDERS 

Covid-19 Will Have Larger Impact on Commercial Than Residential Real Estate, Says New York Architect

Mark Stumer of Mojo Stumer predicts that larger lobbies and elevators may be a result of the virus. Read More

NEWS BITES 

U.S.’s Ski Towns See Increase in Demand for Luxury Properties With many wealthy Americans unable to travel internationally, they’re turning to high-end areas like Aspen, Colorado, and Park City, Utah, to spend the summer, giving a bump to those areas’ luxury markets. The coronavirus has led to both off-season renting and buying in these areas, which offer lots of outdoor space and beautiful views. Fox Business

Vast Majority of U.K. Landlords Who Sold in 2019 Made a Profit Landlords in the U.K. who sold properties in 2019 typically owned the home for 9.1 years and sold it for £78,100 (US$97,974) more than they paid for it, according to a report from Hamptons International. Those selling in London made the biggest gains, with the average landlord making £253,580. Research found that 84% of landlords who sold their buy-to-let property in England and Wales last year made a gross capital gain, with only 16% making a loss. PropertyWire

Sellers Return to Australian Market Australians who’d put their plans to sell their homes on hold at the start of the Covid-19 pandemic are slowly returning to the market. As restrictions are lifted, data from CoreLogic showed that the number of auctions scheduled in the week ending June 14 was roughly double the weekly average recorded in May. "And clearly, if you look at the Sydney clearance rate, in particular, the buyers are there at the moment to take up that extra supply," CoreLogic auction commentator Kevin Brogan said. The New Daily

Palm Beach Real Estate Had a Surprisingly Strong May May was a surprisingly busy month for Palm Beach, Florida, real estate, according to a sales report from Tina Fanjul Associates. New single-family contracts jumped 400% in a year-over-year comparison of data from the local multiple listing service. The busy market was driven largely by out-of-town buyers from areas hard hit by the coronavirus crisis seeking homes in Palm Beach, brokers have reported. The Palm Beach Post

AROUND NEWS CORP 

Higher Asking Prices Lift Housing Market [The Times of London]

8 Dumb Mistakes People Make Trying to Kill Weeds [realtor.com]

Housing Market Around New York City Is Booming [The Wall Street Journal]

Competition Heating Up as Bidders Vie for Depleted Choice of Homes [news.com.au]

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June 16, 2020 at 03:20AM
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Mansion Global Daily: The Lasting Impact of Europe's Travel Ban, U.S.’s Ski Towns See Increase in Demand for Luxury Properties and More - Mansion Global
"lasting" - Google News
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