Mansion Global Daily: Sellers need to relocate to UK, residential properties overvalued in 95 out of 100 cities and beyond



UK sellers must take advantage of strong market before house price rises cool

As more sellers bring their properties to market, price increases driven by low supply and demand associated with the pandemic could slow. More details




Refurbished 19th century London residence overlooking Richmond Park and modern amenities

The Star and Garter House is comprised of 100 apartments within its historic walls, including these spacious, modern apartments, the only two-bedroom apartments remaining in the converted building. More details


Getting to know the library

Mansion Global has released The Library, a modern glossary of all the terms you need to know when investing in real estate. More details


Late actor Norman Lloyd’s Los Angeles ranch sold for $ 3 million

The Los Angeles home of actor Norman Lloyd, who died in May at the age of 106, was recently sold for $ 3 million in an OTC deal. The home, located in the urban area of ​​Brentwood Hills, was acquired by the Saint Es Somewhere actor and Dead Poets Society as a new home in 1955. The 2,000 square foot one story home has never been renovated. and it is set on three-quarters of an acre of landscaped gardens adjacent to Sullivan Canyon Park. Los angeles times

Survey shows residential real estate is overvalued in 95 out of 100 US cities

The migration of American shoppers from urban areas to less dense metropolitan areas has led to overpricing in 95 out of 100 cities, according to a survey by Florida Atlantic University and Florida International University. Homes in Boise, Idaho, which was a favorite destination for people moving from the West Coast, sold at the largest premium, over 80%, compared to past prices. Austin, Texas, where homes are overpriced by about 50%, was second on the list, followed by Ogden, Utah, where buyers also see a premium of about 50%. Luck

Suburbs of Sydney will need lighter roofs and larger courtyards to bring temperatures down

Wilton, Australia, a suburb about an hour south of Sydney, will implement new scheduling controls to lower temperatures in the city. Newly built homes will now require lighter, more reflective roofs that help passively cool the home, and also require living areas to be large enough for a tree to grow in the garden. In a bid to mitigate the spike in temperatures that can reach 120 degrees in summer, Wilton’s Development Control Plan hopes to provide more than 9,000 climate-resilient homes in the coming year. Dezeen

Clive Palmer, one of the richest businessmen in Australia, became the buyer of a huge mansion

Australian businessman Clive Palmer, who owns coal and other metals, turned out to be the buyer of the futuristic mega-place, which was contracted earlier this month in the Sovereign Islands of Queensland. The home was auctioned at AU $ 24 million (US $ 17.5 Million), and while no final price was disclosed, if the bid were over AU $ 20 million, it would be the largest sale recorded for the Sovereign Islands and the second largest sale in Queensland this year. The 33,000-square-foot residence features approximately 280 feet of waterfront, a 14-car garage, a 24-carat accent tiled pool, full-size tennis court, spa and Turkish steam room.


Home gyms boggle the imagination during Covid [The Wall Street Journal]

Is my house in the flood zone? How to check flood maps and more to stay safe []

Jennifer Lopez Still Can’t Sell Her $ 25 Million Penthouse in New York – 4 Years Later [New York Post]

Landlords are back – and they’re heading to cities and suburbs [The Times of London]


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