Mansion Global Daily: Turn crypto into a condo, house prices on Scottish islands soar, and more

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Looking to diversify outside of cryptocurrency holdings? Consider buying a luxury condo

A rapid increase in listings accepting Bitcoin and others as a form of payment could be good news for buyers with excess digital currency. Read more

BY THE FIGURES TREND TODAY LIST OF THE DAY

Rainforest Villa offers breathtaking views of the Caribbean from the island of Dominica

The off-plan home, within a resort community, will include a guesthouse, private pool, and easy access to three beaches, with a funicular coming next year. Read more

NEIGHBORHOOD NOTES

Stars descending from Cannes may want to take a trip to La Californie to take a peek

Green and luxurious, La Californie is halfway between the cosmopolitan city of Cannes and picturesque Provence. Read more

NEW BITES

Home Prices on the Scottish Islands soar

The Scottish Isles have seen house prices soar as buyers seek more open space and access to nature. For example, in Orkney, an archipelago off the northeast coast of Scotland, the average price climbed 28.8% year over year to reach 183,198 (US $ 274,327) , according to a report released this week by Acadata, an independent research firm that analyzes housing in the UK. market. The Shetlands in the country’s northern islands saw a jump of 27.7% to 188,317, compared to the same period in 2020, data shows. The herald

Government cooling measures slow home price growth in China

The average price of a new home in 70 major Chinese cities rose only 0.5% in June from the previous month, according to Reuters analysis based on data from the country’s National Bureau of Statistics. This is the first time that the market has shown signs of slowing since November 2020, due to government cooling measures, including tighter credit conditions. Year over year, new home prices are up 4.7%, the data shows. Business time

Nearly one in four Seattle homes sells for cash

In Seattle, nearly a quarter of homebuyers spend money on new homes, according to a report released this week by Redfin, which analyzed the county’s real estate records. In the first four months of the year, 23.8% of residential property transactions were entirely in cash, the data showed. This is against 22% for the same period in 2020 and 20% in 2019, according to the report. In the United States, all-cash purchases reached 30%, the highest rate since 2014. The Seattle Times

Melbourne, Australia, sellers sell better at auction than taking the highest bid beforehand

Home sellers in Melbourne, Australia can get a better price by putting their property up for auction rather than taking an upfront bid, according to a report from the agency Ray White, Victoria. In the first half of the year, homes sold 12-14% more at auction than the best pre-sale offer, according to the data. That’s up from 7.7% over the same period in 2020. Competition among potential buyers is what determines the price, according to Nerida Conisbee, the agency’s chief economist. “The spread between the reserve price and what it’s selling for hasn’t really changed, but there are a lot of buyers and they are all armed with a lot of funding,” she said. . Field

AROUND NEWS CORP

US housing market loses some of its frenzy, as list of homes for sale grows [The Wall Street Journal]

Is it still worth investing in a property on Crossrail Road? [The Times of London]

Socialist Gayfryd Steinberg sells his Upper East Side home after $ 7 million [New York Post]

Home With Priceless Hollywood Pedigree Now Available For The Discounted Price Of $ 18 Million [realtor.com]

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