UNITED STATES
A new forecast from industry analyst Veros predicts a 10.5% growth in property prices for San Francisco over the next 12 months, making the city the top projected U.S. market for real estate price growth. [OPP.Today] Realty Biz News profiles five cities where real estate crowdfunding is booming. [Realty Biz News] Barron’s Penta breaks down a new Redfin report detailing the most expensive second home hotspots and where bargains might be found. [Barron’s Penta] A luxury apartment tower in Seattle has sold for a little over $240.1 million, breaking the city’s price per unit record. [Puget Sound Business Journal]More: Unique Amenities Abound in Miami's Competitive Condo Market
AUSTRALASIA
Chinese developers Fuxing Huiyu Real Estate, Beijing Capital Development Holdings and China Poly all saw their shares tumble this week on the Shenzhen or Shanghai Stock Exchanges, raising concerns about their current projects in Australia. [The Australian Financial Review] The latest Core Logic RP data finds that property price records were broken in 36 suburbs in Australia’s Central Coast. [The Courier Mail] Christopher Joye of the Sydney Morning Herald argues that Sydney house prices are not 30% undervalued as an official from the Reserve Bank of Australia claimed this week. [Sydney Morning Herald] More and more New Zealand residents are finding Chinese buyers eager to purchase their properties, even if they aren’t listed. [New Zealand Herald]More: London Luxury Buyers Embrace Lateral Apartments
ASIA
Shanghai-based real estate agents are reporting that Chinese investors are listing domestic properties and delaying planned purchases to offset stock market losses. [CNBC]
CANADA
A new report from Sotheby’s International Realty finds that C$3.5 million is the starting point for luxury homes in Vancouver. Thus far in 2015, 219 properties with this price tag or higher have sold in the city, up 71% from the same time period last year. [CBC News]
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