Mansion Global Daily: Miami’s high-end real estate market, health is wealth and more


In Miami’s high-end residential market, fast car makers are also designing condos

Brands like Bentley, Aston Martin have partnered with developers to build luxury residential towers packed with amenities. Read more

IN NUMBERS


TRENDING TODAY


LIST OF THE DAY


A Fully Restored Home in the Heart of Historic Savannah, Georgia

The house offers a central atrium, nine fireplaces and a rooftop terrace with open views of the city. Read more

INSIDERS


“Health is the new wealth”

Paul White, President of Four Seasons Hotels and Resorts, on the changing definition of luxury and how well-being has become the priority for buyers. Read more

NEWS

A private island in the west of Scotland is up for sale

A private island off Arran in western Scotland is on the market for just £350,000 (US$429,000), the price of an average four-bedroom house in Edinburgh. The uninhabited island, known as Pladda, spans over 33 acres and is 0.43 miles long. It is accompanied by a historic lighthouse with caretaker’s accommodation, comprising two reception rooms, five bedrooms and a bathroom. There are other outbuildings on the island with “development potential”, said listing agent, Tom Stewart-Moore of Knight Frank. Daily recording

New home sales in China fell by almost a third in July

Sales of new homes in China fell 33% in July from June, according to the latest data from the China Index Academy, the country’s largest independent real estate research institution. Among the 17 cities tracked by the institution, Guangzhou experienced the largest decline, at 48%. Meanwhile, new home prices in 100 cities also edged down 0.01% month-over-month. The slowdown is the result of tougher new mortgage rules introduced alongside weaker homebuyer sentiment and a debt crisis among major developers. Financial Asia

Luxury sales in Las Vegas jumped in the first half of 2022

The luxury segment goes against the trend of a general slowdown in the new home market in Las Vegas. The number of sales priced over $1 million rose 16% year-over-year to 235 in the first half of 2022, according to data from Las Vegas-based Home Builders Research. The good performance of the luxury sector is due to a continued appetite for high-end homes, particularly from buyers moving from California, according to the housing market research firm. By comparison, there were 123 sales, half this year’s level, at more than $1 million in the first half of 2019. Las Vegas Review-Journal

Songwriter Ryan Tedder Lists Beverly Hills Mansion For $16.5 Million

Songwriter and record producer Ryan Tedder has put his 1960s home in Beverly Hills, Los Angeles up for sale for $16.5 million. Mr Tedder – who is responsible for pop songs such as Beyoncé’s ‘Halo’, Leona Lewis’ ‘Bleeding Love’ and Adele’s ‘Rumor Has It’ – and his wife, Genevieve, paid around $11.5 million for the property in 2015. The single-story home features a living room, dining/family area, six bedrooms, and five full bathrooms spanning 5,000 square feet of interior space. Dirt

AROUND NEWS CORP

Bank of England braces for historic interest rate hike [The Times of London]

‘Zombie houses’ can save Australia’s rental crisis [news.com.au]

This economist has just bought and sold a house. What it says about the housing market. [Barron’s]

5 Factors Driving Home Construction Costs – And Each Of Them Are Pressing Builders Right Now [MarketWatch]