2018: Global Luxury Real Estate to Feel Tax Impact
From New York to Sydney, major cities will feel effects of federal regulations, stamp duties and tax system overhauls Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A ‘Beach Palace’ in Dubai With Amenities Galore
There’s still time to buy the ultimate party pad, a Dubai "beach palace" with its own 200-person capacity nightclub. Third in Mansion Global’s top five Listings of the Day in 2017, the bespoke villa on the tip of one of the fronds of Palm Jumeirah remains on the market, seeking an owner with a zest for entertaining. Read More
DESIGNER'S CORNER
How to Create a Lush Winter Garden
Landscape design tips for when the temperatures drop. Read More
NEWS BITES
St. Andrews Has Scotland’s Most Expensive Street for Home Buyers Golf Place in St. Andrews is now Scotland’s most expensive street on which to buy a home, with an average sale price of £2.179 million (US$2.9 million), per research from the Bank of Scotland. The street is located near the 18th hole of the famous Old Course golf course, with views of the golf club and West Sands beach. Overall, however, Edinburgh has the highest number of expensive streets in Scotland. PropertyWire
Priced-Out Young Hong Kong Buyers Turn Their Attentions to Thailand and Japan Hong Kong’s housing market has been ranked as the world’s least affordable for seven years running and is on pace to see prices increase 10% to 20% in 2018. As such, many young first-time buyers are branching out to properties in cities like Bangkok, Tokyo and Osaka in search of more affordable prices. South China Morning Post
Abu Dhabi Building Completions Rose in the Third Quarter In this year’s third quarter, 1,104 buildings were completed in Abu Dhabi, a 3.6% increase from the previous year, and a 16.7% increase from the previous quarter. Completions are expected to continue increasing next year, according to the Statistics Centre of Abu Dhabi, thanks to a number of recent approvals for new developments. Of buildings completed during the third quarter of 2017, 87% were residential properties. Khaleej Times
U.S. Rent Increases Picked Back Up in November After a Mild Slump The median U.S. rent grew 2.4% year-over-year in November, up to $1,435, according to Zillow’s November market report. The fastest growth was seen on the West Coast, with 7.5% growth in Sacramento, 5% increases in Riverside and Seattle, and 4.6% increases in Portland. "Rent is expected to continue gaining steam [in 2018] in growing employment centers, like Dallas and New York, as well as a few smaller markets like Cleveland," said Zillow economist Aaron Terrazas. PropertyWire
Beijing Tops China’s First-Ever ‘Green Development’ Index Beijing has come out on top of China’s "green development" index, which was released for the first time this week. However, the heavily polluted city came in 30th out of 31 cities in a separate survey of public satisfaction with environmental conditions. "By measuring overall progress on ecological civilization construction over the last year, the annual evaluation guides all regions to push forward green development, and implement ecological civilization construction," said Ning Jizhe of the statistics bureau. Reuters
[header type="georgia"]AROUND NEWS CORP[/header]
Grenfell Tower Firm Hands 9,000 Homes Back to Council [The Times of London]
Why REITs May Be Worth a Second Look in 2018 [MarketWatch]
Whittlesea Experiences Stellar Year of Growth with Benchmark Sales [realestate.com.au]
Do Hardwood Floors Provide the Best Return on Investment? [realtor.com]
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