The Real Deal - New York Real Estate News

Ireland will try to keep speculative investment firms from gobbling up its homes with a levy on bulk homebuying. The government will impose a 10 percent tax on the purchase of 10 or more homes, according to Bloomberg. Ireland previously charged a 1 percent tax on bulk purchases of homes valued below $1.2 million and a 2 percent tax on homes valued above that. The levy will apply to bulk purchases and cumulative acquisitions of

A rare 1850s-era octagon house in San Francisco is hitting the market for $8.6 million. The eight-sided property’s history comes packed with about as many chapters. The roughly 5,000-square-foot Feusier Octagon House is one of two octagon houses left in the city and one of the oldest homes in the Russian Hill neighborhood, according to the Wall Street Journal. The city made it a landmark in the 1970s. Octagon houses were popularized in the mid-19th

It’s a very good time to be selling mountain property as two massive estates with A-list Hollywood pedigree both sold, and both at near asking prices. Less than a week after listing, an 80,000-acre Montana ranch that was featured in the film “A River Runs Through It,” is in contract for close to its $136 million price tag, the Wall Street Journal reported. A bidding war broke out for the land outside Bozeman, called Climbing Arrow

A 140-year-old Chicago home that appeared in the 1980s sitcom “Webster” has sold to developer Jerald Lasky for $5.26 million. The Victorian-style home at 1432 North State Parkway in the Gold Coast area spans 11,000 square feet with seven bedrooms and seven bathrooms, according to the Chicago Tribune. The mansion was used as the exterior of the family home on “Webster” and was leased by three-time NBA champion and Chicago native Dwyane Wade when he

Black families in the United Kingdom have struggled to build wealth through property ownership compared to Brits of other ethnic groups, according to a new analysis. The median accumulation of wealth through homeownership for a Black family — of either Caribbean or African origin — over the last 10 years is zero, according to Office for National Statistics data compiled for Bloomberg News. By contrast, the median gain from real estate ownership for white and

New home prices in many of China’s cities climbed at their fastest rate in eight months in April, despite government efforts to curb speculation. Sale prices in 70 cities grew 0.48 percent last month over March, the most since August of last year, according to Bloomberg News. Existing home prices grew by 0.4 percent, the same rate as from February to March. But they are 35 percent higher than they were a year ago, and