Townhouse

Mansion Global Daily: Boris Johnson steps from London townhouse; a brand new apartment in the heart of Atlanta; and more


Boris Johnson puts south London home up for sale for £1.6m

He and his wife, Carrie, bought the residence in 2019 for £1.2million but are said to have never lived there. Read more

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Newly finished apartment “Provides a rich and calming oasis in the heart of Atlanta”

The home is in the city’s new 40 West 12th development. Read more

INSIDERS


Future luxury customers will always be on the move, says Caribbean architect

Alejandro Acebal Canney turns his architectural attention to creating comfortable works of art in large-scale, mixed-use developments. Read more

NEWS

Ottawa, the Canadian real estate market is stabilizing

Ottawa, Canada’s hottest real estate market stabilized this summer, with a mix of fewer sales but higher prices. “The madness is over,” said local real estate agent Yvan Rhéaume. Last week, data from the Ottawa Real Estate Board showed the number of sales fell 36% year over year to 1,100 in July, while the average sale price rose by 5% per year to reach CA$716,354 (US$557,266). “The July figures reveal that buyers are indeed holding back more than is generally expected during the mid-summer sales slump,” board chair Penny Torontow said. Citizen of Ottawa

New York State Has Slowest Market in US, Study Finds

Homes in New York take longer to sell than those in any other state, according to a study by online bank Tangerine.ca. In New York State, an ad typically stays on the market for more than 71 days before an offer is accepted and takes an additional 59 days to close, the longest of any US state. The town of Hudson has the slowest market within the state, with properties taking nearly 167 days to sell. GlobeSt

U.S. consumer confidence in housing markets falls to 11-year low

U.S. consumer confidence in the housing market has fallen to its lowest level since 2011, Fannie Mae said Monday. Just 17% of respondents polled by the government-sponsored mortgage giant in July said now was a good time to buy a home, down from 20% in June. Meanwhile, 67% of respondents said now was a good time to list their home, up from 76% in May. “Unfavorable mortgage rates are increasingly cited by consumers as one of the main reasons for the growing perception that now is a bad time to buy, as well as sell, a home,” said Doug Duncan, vice president. -Senior Chairman and Chief Economist of Fannie Mae. CNBC

China will limit the development of super-tall towers

China will no longer approve buildings taller than 1,640 feet (500 meters) and will review those taller than 820 feet, according to documents released by the National Development and Reform Commission, the country’s main planning agency. country. “This is definitely bad news for developers who have skyscrapers under development, especially those who are struggling,” said Kenny Ng Lai-yin, strategist at Everbright Securities International. “We may see some of the skyscrapers halted in the middle of construction for quite a long time, as it may take longer to seal a takeover deal,” he added. South China Morning Post

AROUND NEWS CORP

Hugh Jackman buys a New York penthouse for $21.125 million [The Wall Street Journal]

“Home sellers have been spoiled”: 5 rude awakenings to prepare if you sell your house today [Realtor.com]

Rate hikes hurt auctions as buyers shun repairers [news.com.au]

Owners overpay while they can [The Times of London]


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