Wealthy foreigners are retreating from the ultra-luxury London property market, said estate agency Knight Frank.» Read More
The price marks a sharp fall for a house that got widespread media attention and listed last year for $125 million.
Newport's storied mansions were left behind in the 1990s and 2000s, but its oceanfront estates are regaining their shine as new buyers come to town.
An apartment in one of the world's most prestigious buildings is on sale for £5.25 million ($8.3 million) after being repossessed.
Even as the rest of America pulls back on mortgages, the wealthy are going on a borrowing binge for million-dollar homes, according to RealtyTrac.
The singer is cashing out of the mansion market, listing two of her trophy properties in Florida and Montreal for a total of more than $100 million.
House flipping is on the up as investors gain more confidence in the US housing market and private money lenders are the ones providing the cash.
Haggling over fossils and forks has become increasingly common at the top of the real estate market as more and more foreign buyers rush into the market for high-end properties.
It's hot in the Hamptons this summer! Real estate sales shot up 23% in the second quarter, topping $1 billion.
Slowing economies in places like China and Brazil are weighing on the real estate market as foreign purchases of U.S. property slowed in the 12 months ended in March, a new report said.
The South Beach mansion once owned by Italian designer Gianni Versace, which previously listed for $125 million, is up for sale again.
The few who can afford to shell out tens of millions for an apartment in one of the new condominiums being built across New York City may find a perk in real estate tax breaks, the New York Times reports.
Brokers and real-estate analysts say there are now more than a dozen homes in the U.S. listed or quietly on the market for $100 million or more, that's more than during the peak of the housing boom in 2007.
You wouldn't know it from looking at all of the glass towers going up across Manhattan, but the city is running out of penthouses and other ultra-luxury apartments, and what's on the market may be overpriced.
Troubles in emerging markets could stretch to the luxury apartment markets in New York City and Miami. But only if you're a single-digit millionaire.
Sales and rental prices on Cape Cod are rising, especially at the top end of the market. Plus, see which property billionaire William Koch has put up for sale, CNBC has learned.
While housing inventory is falling throughout the country, it's been falling especially fast in some of the country's richest ZIP codes, creating a mansion shortage.
I. Dolly Lenz, who has brokered more than $8 billion in deals over 25 years and has long been on the top real-estate deal-makers in New York, is leaving Douglas Elliman Real Estate.
Brokers say there are now at least a half dozen homes and estates in the Hamptons that are renting for around $1 million—just for the summer—a new record.
The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
From the rolling green pastures of Virginia to the palatial paddocks of California, equestrian estates are back in vogue.