Mansion Global Daily: An Amenity-Rich California Ranch, Millennial Homeownership
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Sprawling California Ranch With Helipad and 10,000-Bottle Wine Cellar Asks $24.5 Million
The ranch, in the Santa Ynez Valley, is more than five times the size of New York’s Central Park. Read More
BY THE NUMBERS
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LISTING OF THE DAY
The customizable home features a rooftop garden area and a full basement. Read More
SMART HOMES
High-Tech Devices for Dad This Father’s Day
Intelligent tech that will make ideal Father’s Day gifts. Read More
NEWS BITES
Millennial Homeownership Could be Delayed by Covid-19 Homeownership for some millennials could be delayed ever further by the coronavirus pandemic. For millennials who have been out of work as a result of the virus, it will take an average of 53 months, or more than four years, to recoup the funds lost in six months with no income, according to a report from realtor.com. Many will have to dip into savings to help cover expenses, which in many cases would have been set aside to put toward a down payment. MarketWatch
Practical Design Trends Prompted by Coronavirus In the U.S. new home design trends with a focus on storage and self sufficiency have been kickstarted by the coronavirus pandemic. Features like self-disinfecting surfaces, double pantries for food storage, herb gardens and expanded outdoor spaces are now in high demand among luxury properties. Business Insider
Luxury Villa Landlords in Bali Slash Prices Owners of luxury rental villas in Bali are offering discounts of up to 85% as the industry struggles amid a mass exodus of the country’s expat population that was brought about by the coronavirus pandemic. The island’s approximately 4,000 luxury villas asked an average of $220 per night before the pandemic. Nikkei Asian Review
Ireland Property Prices Show Improvement in May Property prices in the Republic of Ireland are showing signs of rebounding from the coronavirus-induced spring crash. Residential sale prices rose an average of 3.7% annually in May, after falling by 5.5% in April. The average price in the country now stands at €245,545 (US$278,572). World Property Journal
AROUND NEWS CORP
How Has Coronavirus Affected the Housing Market So Far? [The Times of London]
10 Easy Ways To Create a Summer Camp in Your Own Backyard [realtor.com]
Steve Harvey Buys the Tyler Perry Mansion in Atlanta for $15 Million [New York Post]
Luigi Rosselli-Designed Homes Popular as Sydney’s Wealthy Crave Beauty During COVID-19 [news.com.au]
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