Mansion Global Daily: U.K. Home Sales Dropped in June

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News Briefs

‘Big Little Lies’ Author Buys Sydney-Area Home for A$19.5 Million

Best-selling Australian author Liane Moriarty—whose titles include “Big Little Lies” and “Nine Perfect Strangers,” both of which have been made into TV series with fellow Aussie Nicole Kidman—has a new home. She plunked down A$19.5 million (US$13 million) for a five-bedroom abode in the Balmoral Slopes area of Mosman, a Sydney suburb. Designed by architect Susan Rothwell, the home features limestone floors, a sculptural staircase and a kitchen with a marble island, imported Italian cabinetry and a butler’s pantry. It’s the priciest sale in the suburb so far this year. realestate.com.au

U.K. Home Sales Dropped 15% Annually in June

House sales in the U.K. fell 15% year over year in June, according to data from the government. It’s estimated that there were 85,870 transactions last month, making it the slowest June, save for pandemic-stricken June 2020, over the last decade. Home sales were still 6% higher than they were in May, which can partially be attributed to more working days in June than May. “The increase may also reflect an underlying increase in activity, although it is uncertain whether this will be sustained in future months,” the report said about the month-to-month increase. Evening Standard

Unique British Cottage With a Man-Made Cave on the Market

A medieval-themed cottage in the U.K., complete with a sprawling underground cavern, has come to the market for just under £300,000 (US$385,624). The two-bedroom home’s former owner, the late artist Antony Dracup, hand chiseled much of the sandstone cave and extended it to create a medieval-themed banqueting hall. Dracup’s son Dennis said, “his persistence was rewarded with noticeably stronger chest muscles and extra living space.” BBC

Short-Term Luxury Rental Market Picks up in Los Angeles

Affluent travelers are filling up Los Angeles’s short-term luxury rentals this summer, as occupancy reached 60% in June. That means that 60% of all nights available last month had bookings, according to AirDNA, a data firm. It’s good news for luxury landlords in the city, who’ve faced increasing competition from a glut of flashy, high-priced vacation rentals that has forced many to lower their prices. The oversupply is due in part to a new mansion tax on homes that sell for at least $5 million that went into effect in April; it’s moved some homeowners to rent rather than sell their properties. The Real Deal

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