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Mansion Global Daily: Large Homes in Demand in the U.K., a Rosier Forecast for Australia, and More

Demand for Larger Houses Leading U.K. Home Rush

Agreed-to sales of houses with four or more bedrooms have doubled. Read More

BY THE NUMBERS


TRENDING TODAY


LISTING OF THE DAY


A Three-Acre Waterfront Family Compound on Martha’s Vineyard

The two adjoining properties feature a main house, a guest house and a pool. Read More

SMART HOMES


A Guide to Intelligent Outlets

Make your power source clever for some added convenience. Read More

NEWS BITES

16 Luxury Homes Went Into Contract in Brooklyn Last Week

Sprawling Brooklyn townhouses dominated the borough’s high-end sales market last week, when 16 homes asking $2 million or more found buyers, according to Compass’s weekly report on the borough’s luxury contracts. All but three of those were for townhouses. The priciest home to find a buyer in Brooklyn last week was a 22-foot-wide townhouse in Fort Greene last asking $4.6 million. The Real Deal

Nearly Half of First-Time Buyers in the U.K. Delaying Their Purchases Due to Covid-19

According to Aldermore’s First Time Buyer Index, the pandemic has caused 46% of first-time buyers in the U.K. to delay their home-buying plans by, on average, nearly a year. The bank surveyed 1,000 prospective first-time buyers and found that 17% have had a sale fall through, while 20% pulled out of buying a property due to lockdown. And 39% of prospective first-time buyers are now reconsidering their property type due to lockdown. Plus, 24% of respondents say the stamp duty holiday brought forward their home-buying plans, in an effort to meet the March 31, 2021 deadline. PropertyWire

TV Creator Ryan Murphy Sells Orange County, California, Estate for $10.65 Million

Prolific TV creator Ryan Murphy, whose latest series “Ratched” was recently released on Netflix, has sold a two-property 1.25-acre estate in California’s Orange County for $10.65 million. He was originally asking $18.75 million for the secluded spread in 2018 but eventually lowered the price to $12.5 million over the summer. Mr. Murphy also owns a mansion in Beverly Hills, California, that he bought from actress Diane Keaton. Los Angeles Times

Australia’s Second Biggest Bank Revises Real Estate Forecast—And It’s Rosier

Westpac, Australia’s second largest bank, is now expecting the country’s capital city house prices to surge 15% after bottoming out next year. Price rises are expected to more than offset this year’s steep falls, according to Westpac. Chief economist Bill Evans said the likelihood of a Covid-19 vaccine would spark a resurgence starting next year as interest rates remained at a record low 0.25% and governments continue their stimulus measures. A 15% increase in Australian capital city house prices between 2021 and 2023 would more than offset a 5% fall between a peak in April 2020 and a trough from April to June next year. Westpac previously feared a 10% fall over that one-year period. Daily Mail

AROUND NEWS CORP

The Glebe in Chelsea May Be London’s Most Luxurious Development [The Times of London]

5 Mistakes to Avoid With Your Quarantine Garden Before the First Fall Frost [realtor.com]

Roosevelt Island Building Proposal Has ‘Air-Scrubbing’ Feature [New York Post]

Slump in Australia’s Population Growth Set to Test Resilience of Home Prices [news.com.au]

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