Home News Mansion Global Daily: 400 Acres in Montana Can Be Yours, Australia’s Rising Inflation Hits Home Buyer’s Borrowing Power , and More

Mansion Global Daily: 400 Acres in Montana Can Be Yours, Australia’s Rising Inflation Hits Home Buyer’s Borrowing Power , and More

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Huge 400 acre Montana Ranch demands $ 6.75 million

The property’s main building is made of logs recovered from a wildfire in Oregon. read more

In numbers


Today’s trend


MANSION GLOBAL EXPERIENCE LUXURY


Cool island escape

The summer issue of Mansion Global Experience Luxury Magazine presents an intriguing but often overlooked island, an outstanding list from coast to coast and the Caribbean. read more

List of the day


Turnkey villas in a 400-acre resort community on the British Virgin Islands

A four-bedroom home on Virgin Gorda can be rented for up to $ 6,850 per night. read more

insider


Luxury is summarized in authenticity and cohesion, real estate developers say

Craig Wood, Founder and CEO of Cape Advisors, will show you how to infuse luxury into your residential building through local services and building amenities. read more

News byte

Danish apartment sales fell in the first half of 2022

The Danish housing market slowed significantly in the first half of 2022. According to data from real estate firm Boligsiden, a total of 8,644 homes were replaced in six months, a decrease of nearly one-third from the same period last year. However, last year’s outbreak was due to the pandemic “starting a very large purchase activity and now returning to normal years (levels),” said Nykredit, the country’s largest mortgage lender. Economist Mira Lie Nielsen said. local

Dubai real estate prices fell, but sales surged in June

Dubai real estate prices fell 0.31% month-on-month to an average of AED 1,019 (US $ 277) per square foot in June, falling for the first time this year, according to the latest data from market data and insight provider Property Monitor. However, by the end of last month, sales increased 38.8% to 8,865 units. “The resilience of Dubai’s real estate market in the face of sharp rises in interest rates, seemingly runaway inflation and the strength of Dirham due to US dollar pegs continues to fight, astonished by headwinds and downside risks. “, Said Zhann Jochink, Chief Executive Officer of Property Monitor. Arabian business

Australia’s rising inflation hits homebuyers’ borrowing input

Rising living costs in Australia will make it difficult for potential homebuyers to enter the real estate market. According to the latest official statistics, the country’s inflation rate is 5.1% and economists predict that it could rise to 6.2% this week. Anthony Landahl, managing director of Sydney mortgage lender Equilibria Finance, said higher living costs, especially food and transportation costs, and rising interest rates have affected the amount of money a homebuyer can borrow. Said that. He estimated that the average person’s borrowing input had fallen by 5% to 10% so far this year. domain

Foreclosure in the Bay Area of ​​California surged 90% in the first half of 2022

Earlier this year, foreclosure declarations in the Bay Area of ​​California, including San Francisco and San Jose, increased 90% year-on-year to 1,797, according to real estate analyst ATTOM. Still, this is still below pre-pandemic levels, indicating that it has returned to normal rather than a home collapse in the area, said ATTOM executive Rick Sharga. “It is unlikely that mortgage homes will enter the market and have a significant impact on pricing,” he said. Eastbay Times

AROUND NEWS CORP

Great place to buy a European villa in a cool climate [The Times of London]

Looking for a deal?Here are 10 cities where sellers are dropping home prices the most [Realtor.com]

Whole Sydney apartment with postcard views expected to be A $ 45 million [news.com.au]

This $ 37.5 million LA home once had a bomb shelter. It is now a wine cave. [The Wall Street Journal]

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