15 cities on the continent logged double-digit price appreciation in the first quarter of 2018, Knight Frank finds. Read More
BY THE NUMBERS
LISTING OF THE DAY
Amenities include indoor and outdoor pools, tennis courts and a wine cellar. Read More
Scotland raised taxes on more expensive homes in 2015, but there are a few options to lower them. Read More
Rate of Growth in Prices Begins to Slow in Ireland
The rate of rising prices in Ireland is beginning to slow, according to new data from MyHome. There was a 7.2% increase in Dublin prices in the year up to June, a drop from the 9.5% growth in the first quarter. Housing supply in the capital city grew by 25% over the year prior, while the growth in housing prices was 6.8%, compared to 11% in early 2018. Experts say that the slowing growth is beneficial in that it will lead to a more sustainable market.
Former Manhattan Apartment of Al Pacino Listed for $2.7 Million
An apartment once belonging to Oscar-winning actor Al Pacino has been listed for $2.7 million. The midtown Manhattan two-bedroom was one of two units that Mr. Pacino resided in at the 57th Street building from 1988 to 2013. The 14th floor corner apartment is 1,236-square-feet and overlooks Central Park, while the building offers a pool and private subway entrance.
Reduced Chinese Resettlement Aid Could Lead to a Drop in Sales
China real estate sales could experience a significant volume drop as the government cuts relocation aid for people in undeveloped neighborhoods. That compensation benefit saw a boom in apartment sales that came at the same time as the government began to curb excessive buying. It’s anticipated that sales could fall by as much as 10%, which would represent 1.3 trillion yuan (US$194.5 billion) in lost revenue for developers.
Chinese Interest in Montreal Real Estate Grows
Montreal was the Canadian city of choice for prospective Chinese buyers this year, as new taxes meant to curb rampant buying from internationals have soured prospective owners on Toronto and Vancouver. The real estate site Juwai.com showed that in 2017, Chinese users’ interest in Montreal rose 84.5% over the prior year. Meanwhile, interest in Vancouver fell off by 18%. The site found that of those looking at properties in Canada, more than half intended the homes for personal use, while 26% wanted them to serve as an investment and 17% wanted them for education needs.
AROUND NEWS CORP
Farmhouse Fever Sweeps City Homes [The Wall Street Journal]
The Hottest Markets in June 2018: What Happens When They Get Too Hot? [realtor.com]
Jesse Tyler Ferguson and Husband Snag a Fancy New Condo [New York Post]
Modern Pad in Newtown, Geelong, Seeking Almost $4 Million [news.com.au]