Ultra-Rich to Demand More Elite Homes in New York
Buyers of super-prime properties want private entrances, spa and wellness offerings and five-star hotel service. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A 28,000-Square-Foot Oceanfront Villa in the Maldives
This house has some serious amenities, plus views of the Indian Ocean and a private beach. Read More
DESIGNER'S CORNER
Cheers! How to Design Your Home Bar
Raise your glass in style with these tricks and tips. Read More
NEWS BITES
Las Vegas Sales Market Lost Momentum in October Las Vegas home prices cooled from month-to-month in October, breaking a years-long trend of price appreciation, according to the Greater Las Vegas Association of Realtors. Prices were still up year over year. The median price for single-family homes was $263,000, a 13.4% increase from October 2016, while the median price of condos and townhomes was $140,000, a 19.7% yearly increase. The association’s president said that the market may slow from its previous 10%-per-year growth rate, but is still expected to trend upward. World Property Journal
Cannes ‘Landscape House’ by Architect Jacques Couëlle Is Asking $2.9 Million A unique 1962 home has come on the market just outside of Cannes for an asking price of €2,450,000 (US$2,884,000). The five-bedroom, four-bathroom property was one of five "landscape houses" designed by architect Jacques Couëlle, representative of the architecture-sculpture movement. The open-plan property includes indoor-outdoor areas, a terrace with a pool, and a bronze mural by Constantine Andreou located on double doors that lead to the kitchen and the cellar. Curbed
Australia’s New Home Approvals Rose in September, but Are Poised for a Fall New dwelling approvals in Australia rose 1.5% month-over-month in September, according to the Australian Bureau of Statistics, while approvals were up 5.1% for the quarter. Though a strong job market is boosting construction and approvals, with so many new obstacles on the market for foreign buyers, economist Shane Garrett said, "In balance new home building activity will trend downwards over the next couple of years, probably bottoming out in 2019." PropertyWire
Forecasts Are Split for the Future of Hong Kong’s Market Market analysts can’t seem to agree on what to expect from Hong Kong’s property market, and more than 60% of global investors listed an asset price bubble and price corrections as their top concerns in a new survey. While some experts don’t expect a downturn, Denis Ma of JLL said that the "local real estate market will inevitably correct," though prices aren’t expected to make a steep drop. Mainland Chinese buyers are expected to continue to fuel investment. South China Morning Post
London Could Build 41,000 Homes on Its Rooftops, Says Knight Frank London could ease its housing crisis by utilizing its rooftop space, according to research from Knight Frank, which suggests such a move could add 28 million square feet of housing in the heart of the city. Knight Frank noted as many as 23,000 buildings that could possibly offer rooftop development, creating up to 41,000 new units. The study was in response to a recent government suggestion that "buildings can be extended upwards by using the ‘airspace’ above them." Quartz
Short Supply Pushing Dublin Housing Prices near Peak Levels A decade after Ireland’s crushing property bubble burst, lack of supply and strong demand have pushed home prices up 12.8% this year alone, bringing them near previous peak levels. Prices are raising concerns among companies looking for housing for their workers, and some officials are mulling market-cooling measures. Financial Times
Qatar’s Real Estate Market Continued its Downward Spiral in October Economic sanctions from other Arab states continue to affect Qatar’s housing market, which saw a 5.4% year-over-year drop in housing and utility prices in October, following a 4.7% drop in September. Qatar’s property market had been suffering even prior to the economic sanctions imposed in June. Qatari developer Ezdan Holding has seen share prices plummet 47% this year, and was downgraded to junk status by Standard & Poor's. Times of India
AROUND NEWS CORP
‘Magical’ Farmhouse and Mill Listed in England [The Wall Street Journal]
Foreclosures Dropped to Lowest on Record, Fed Data Show [MarketWatch]
A Fantastical Gothic Mansion [The Times of London]
Just Moved? 7 Tips for Making Your New Community Feel Like Home [Realtor.com]