Mansion Global Daily: Californians Head to the Big Apple, Lending Rates Steady in China, and More


Many Californians swap one expensive city for another: New York

Bay Area residents, in particular, are finding opportunities in luxury rentals and developments in Manhattan and Brooklyn. Read more

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Farmhouse built in 1775 in New York’s Hudson Valley sits on 156 acres

The sprawling equestrian complex offers a host of stylish guest accommodations and three miles of riding and walking trails. Read more

INSIDERS


Interiors can be more sustainable, says British Design Studio founder

With steps like conscious disposal and collaborating with sustainable brands, Simone Suss prioritizes the environment in her work. Read more

NEWS

Lending rates remain stable in China, but declines expected in second quarter

China’s one-year loan prime rate (LPR), which sets the benchmark for most new loans and outstanding loans, will remain at 3.70%, the People’s Bank of China said Monday. In addition, the five-year LPR, the benchmark rate for home loans, also remained at its current level of 4.65%, the bank confirmed. However, rate cuts are expected in the coming months. “The current round of LPR cuts are not over yet, there is room for a 10-15 basis point cut in the second quarter,” said Wang Qing and Feng Lin, analysts at Golden Credit Rating International. . South China Morning Post

Australian Beach Home, dubbed the Fish Bowl, goes to auction with an indicative price starting at A$6.4 million

A four-bedroom, three-bathroom apartment in the Melbourne suburb of Black Rock, Australia, with floor-to-ceiling windows overlooking the ocean, a swimming pool and a rooftop terrace, is up for auction with an indicative price of 6 .4 million Australian dollars. at 6.8 million Australian dollars (4.75 to 5 million US dollars). The seller is Greville Pabst, chairman of the WBP Group, a property appraisal firm, and a regular judge on Australian property show “The Block”. He and his wife, Lisa, bought the property almost 20 years ago and demolished most of the existing house in favor of a cantilevered glass structure on Beach Road. “Locally it’s called the Fish Bowl because it’s a big glass box that people can see,” Mr. Pabst said. “We didn’t want anything to obstruct the view and it’s so fantastic to be able to watch the seasons and the storms coming, the dolphins in the bay, the tall ships and the sailing regattas.” real estate.com.au

Hamptons Fisherman Challenge Truck ban on ‘private’ beach

A dozen New York fishermen, along with a number of administrators from the posh village of East Hampton, have filed a class action lawsuit on behalf of the city to allow trucks and other vehicles onto the so-called Truck Beach. A New York court ruled in favor of local landlords in February that the beach – in the hamlet of Amagansett – belongs to those who live on adjacent properties, not the city, boosting property values ​​for landlords . The new lawsuit claims fishermen have had access to the 4,000ft beach via ‘wheeled vehicles’ for portage for more than a century and that the fishermen’s right to use the beach has been enshrined in a deed of 1882. The real deal

LA Dodgers pitcher David lists his Nashville home for nearly $4 million

David Price, a pitcher for the Los Angeles Dodgers, has listed his Tennessee home for $3.95 million. The modern Nashville mansion, which Mr. Price, 36, bought for $3.74 million in 2014, features five bedrooms, a two-sided fireplace, a kitchen-diner with heated floors and a family room with glass doors leading to a terrace with a swimming pool and spa. There is also a recreation room with a bar, gym, home cinema, lift and wine cellar. real estate agent.com

AROUND NEWS CORP

Ninety-day rule: Why Brits with homes in Europe are furious about Brexit [The Times of London]

Dream vs. Reality: The Features Homebuyers Really Want for the Spring 2022 Buying Season [Realtor.com]

Yachts of Russian oligarchs take to the high seas [The Wall Street Journal]

Australian suburbs face worst mortgage stress as rising interest rates loom [news.com.au]

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