Manhattan Homes recorded third busiest quarter in at least three decades

Condominiums largely dominated sales, however, strict financing rules in co-ops put buyers off. Read more

BY THE NUMBERS

TREND TODAY

LIST OF THE DAY

A 1920s English arts and crafts estate by the sea

Situated on the edge of Aldwick Bay in West Sussex, England, this residence offers classic arts and crafts architecture with up-to-date amenities and views of the British coast. Read more

SMART HOUSES

On the Hot List: smart and ecological fireplaces

To avoid traditional wood-burning fireplaces that have a reputation for environmental polluters, try these smart devices instead. Read more

NEW BITES

As supply increases, home sales in Toronto increase for first time in months

The end of the summer vacation brought much needed new housing to the Toronto market, and the increased inventory was greeted with enthusiasm by buyers. For the first time in six months, the number of sales in the city rose 0.7% from August to September, according to the Toronto Regional Real Estate Board. Despite the new offer, the number of homes for sale was still down almost 50% from last September and the shortage continues to push up the average sale price, which rose 1.8% last month for reach C $ 1.1 million (US $ 875,932). Bloomberg

A three-level penthouse in a Scottish castle hits the market

In Scotland, a historic castle and its grounds have been converted into luxurious new homes, and the development’s crown jewel, a three-bedroom penthouse, has hit the market. The three-level unit is one of 10 in Dalnair Castle and is asking for £ 650,000 (US $ 886,710). It has an open-plan layout and a roof terrace. “This is a once-in-a-lifetime opportunity,” said Robert Croll, sales director for real estate developer FM Group. The herald

Parents are one of Australia’s biggest lenders

The so-called “mom and dad bank” is now Australia’s ninth largest lender. With house prices soaring across the country, parents are donating money and vouching for their children’s home purchase using the equity in their own home as collateral. “Twenty years ago, we weren’t even talking about mom and dad’s banking, so I think that reflects the problems young people have in entering the housing market given deteriorating affordability,” said Shane Oliver, chief economist at investment management firm AMP Capital. Domain

Hong Kong rents heading to record high

Rents in Hong Kong are expected to hit a record high in the coming months, analysts said. Although rents have been on a downward trend, due to social unrest and the pandemic, they soared for the sixth consecutive month in August for a cumulative gain of 4.7%, the rating department said. ‘Evaluation. Improving economic prospects and the potential return of mainland Chinese students and workers help uphold the values. South China Morning Post

AROUND NEWS CORP

Justin Timberlake and Jessica Biel want $ 35 million to say “bye, bye, bye” to their LA mansion [The Wall Street Journal]

A Whimsical Home Created By Disney Imagineers Now Available For $ 2.7 Million [realtor.com]

How cities can solve their office crisis and housing affordability in one go [Barron’s]

Have house prices peaked in the countryside? [The Times of London]