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New ‘Mansion Tax’ Coming to England

New ‘Mansion Tax’ Coming to England

by Phil Hall | Nov 28, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The owners of luxury properties in England valued at more than £2 million ($2.6 million) are facing new surcharges of at least $3,300 beginning in 2028. The BBC reports the new “mansion tax” comes on top of the existing council tax and will be divided into four bands....
Median for Luxury Home Sales Prices Hit New Record High for October

Median for Luxury Home Sales Prices Hit New Record High for October

by Phil Hall | Nov 21, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Luxury home sale prices reached a median of $1.28 million, a record high for the month of October, according to new data from Redfin. Last month’s price was a 5.5% year-over-year increase. Luxury home prices increased by roughly three times faster than non-luxury...
Leasing Underway at New ‘Ultra-Luxury’ 18W55 in Midtown Manhattan

Leasing Underway at New ‘Ultra-Luxury’ 18W55 in Midtown Manhattan

by Phil Hall | Nov 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Wilf Family’s Skyline Developers is now leasing 18W55, billed as “an ultra-luxury boutique rental tower” located off Fifth Avenue in Midtown Manhattan. Designed by the acclaimed Morris Adjmi Architects, the 25-story building offers 97 units ranging from...
Francis Ford Coppola Sells Private Island to Cover Losses from Flop Movie

Francis Ford Coppola Sells Private Island to Cover Losses from Flop Movie

by Phil Hall | Nov 10, 2025 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Oscar-winning filmmaker Francis Ford Coppola has sold his private island in Belize to help pay off the debts he incurred on the box office flop of his epic production “Megalopolis.” According to The Hollywood Reporter, Coppola received $1.8 million for the sale of...
$37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard

$37.5 Million Sale Breaks Record for Residential Transaction in Martha’s Vineyard

by Phil Hall | Nov 7, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

LandVest | Christie’s International Real Estate announced the $37.5 million sale of 48 Witchwood Lane in Edgartown in Martha’s Vineyard, which sets a new record for a residential sale on the Massachusetts island. The three-acre estate features a...
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