Where in the World You Should—and Shouldn't—Buy to Let
Rental markets are currently strong in many global cities, including Sydney, London, New York and Hong Kong. But that doesn’t necessarily mean it’s the right time for buy-to-let investors to act in these markets, experts say. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
French-Style Estate Overlooking Connecticut River That’s Hosted Glitterati
This French-style house was built in 1948 by Jerome Zerbe, one of the first of the celebrity paparazzi who traveled the world photographing the rich and famous at play and on the town.Read More
NEIGHBORHOOD NOTES
For Traditional Pueblo Architecture, Sante Fe’s Historic Eastside Is Hard to Beat
With an international arts scene and top-notch shopping and restaurants, Santa Fe, New Mexico, is a small city with a sophisticated feel. But it’s the weather and the unique landscape that often draw people to the historic town. Read More
NEWS BITES
1960s Portland, Oregon, Home From Architect Otto Ritter Asks $1.2 Million A 1963 home that Otto Ritter designed as his personal residence has come on the market in Portland, Oregon, for an asking price of $1.199 million. The property sits on half an acre and includes a master suite wing added by architect Saul Zaik in the 1990s. The main living area features a double-sided fireplace and a wall of windows. Curbed
Chinese Households’ Enthusiasm for Property Investment Hits a 20-Month Low Interest in property investment among urban Chinese households hit a 20-month low in November, according to a new survey from Nielsen and the Bank of Communications, as the property investment index dropped to 109 last month, down from 113 in September. The trend is particularly pronounced among more affluent households, and the bank said in a statement, "Property investment enthusiasm from top urban households was dampened by governmental measures to cool down speculation and the number of rental houses added to supply." South China Morning Post
Montreal Set a Record for November Condo Sales Montreal saw a 12% overall yearly increase in residential transactions in November, according to the Greater Montreal Real Estate Board, with condo sales up 23% from the previous year. The average sale prices in Greater Montreal rose 6% in the same period, up to C$387,254 (US$300,842). Consumer confidence in the region is also reportedly at a 10-year high. BNN
U.K. Home Price Growth Sees Its First Decline Since July U.K. home prices increased 3.9% year-over-year in November, down from their growth rate of 4.5% in October, according to Halifax, marking the first slowdown in growth since July. Average home prices rose 0.5% month-to-month, up to £226,821 (US$304,351), and quarterly growth rose to 2.4%, up from 2.3% in October. Halifax pointed to continued supply and demand issues, with lower budget buyers unable to find properties and higher-end sellers unable to find buyers. City A.M.
Interest Rate Rise in U.K. Deters People From Climbing Property Ladder Data from eMoov show that 56% of U.K. homeowners between ages 25 and 34 say that the new, higher interest rates have deterred them from moving up the housing ladder. For homeowners of a broader age range, 46% said they would still buy another property, while 17% were put off from selling and 13% putting a pause on plans to buy. In London, 60% of owners said they were currently putting off of purchasing another property. PropertyWire
Two Adjacent Palm Beach, Florida, Lots Sell for $30 Million Two waterfront lots from a larger 2.3-acre Palm Beach, Florida, estate have sold to separate buyers in transactions totaling close to $30 million. The properties are just north of the Palm Beach Country Club, and each lot sold for $14.57 million. One buyer reportedly plans to build a family home on the northern lot, while the buyer of the southern lot is planning construction of a spec house. Palm Beach Daily News
AROUND NEWS CORP
NYC Mansion So Big It Was Called a 'Suburb' Slashes Price [The New York Post]
Historic Homestead in Mosman Hits the Market for First Time Since 1923 [realestate.com.au]
Baseball’s Mike Piazza Lists His Miami Beach Home for $18.5 Million [The Wall Street Journal]
Will the Famous 'Saturday Night Fever' Home Sell ... or Sit? [realtor.com]
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