Monday, March 27, 2023
HomeMarketMansion Global Daily: Home Values in London Dropped £350 per Day in...

Mansion Global Daily: Home Values in London Dropped £350 per Day in January

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Home Sale Sets Record in Australia’s Byron Bay

Australia’s property market might have cooled, but a recent record-breaking sale in Byron Bay has shown the coveted coastal town is still plenty hot. A three-bedroom house in the enclave—an eight-hour drive north of Sydney—sold over the weekend for more than A$22 million (US$15.2 million), breaking the previous record set in 2020. The house is one of only 12 on a cul-de-sac fronting Wategos Beach, and last traded in 1997 for A$1.225 million. Domain

U.K. Tops List of Best European Investment Spots

The U.K., Germany, France and Spain have ranked as the best European countries for property investment in 2023, according to real estate group CBRE. The firm’s study found that more than half of investors expect buying and selling activity to either increase from 2022 or remain the same. Meanwhile, the main challenges are fears of a recession, high inflation and mismatched expectations between buyers and sellers. The Local

Scottish Townhouse Lists With Hot Tub and Fire Pit 

A unique townhouse in the Scottish city of Edinburgh, has hit the market for £895,000 (US$1.07 million). The five-bedroom home is close to the city center and spans three floors. It has features such as underfloor heating, walls of windows and a primary bedroom suite with an en-suite shower room and a dressing area. Outside, the private garden has a hot tub and a fire pit. Edinburgh Live

Home Values in London Dropped £350 per Day in January

London property prices started out 2023 plummeting by an average of £11,000 (US$13,217) in the span of a month, according to data from bank and mortgage provider Halifax. The typical home value dropped from £541,472 to £530,396 between December and January, meaning homeowners were losing an average of £350 in property value each day. Further falls are expected throughout the year. Metro


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