Apartment prices outpaced all other property types across major markets in 2017, Royal LePage finds. Read More
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LISTING OF THE DAY
This 19th-century residence marries period details with modern conveniences. Read More
Organization, durability and simplicity are key say our experts. Read More
San Jose Poised to Be the Highest Performing U.S. Market in 2018
A new ranking from Zillow predicts that San Jose will be the U.S. market that sees the strongest growth in the new year, with values expected to rise 9%. Raleigh, North Carolina, is in second place on the list. San Jose’s numbers are bolstered in large part by high incomes and strong job growth from Silicon Valley.
Hong Kong’s Mount Nicholson Sold 16 Apartments for Total of HK$9.58 Billion Last Year
Hong Kong’s high-end Mount Nicholson development sold 16 units for HK$100 million (US$12.8 million) or more in 2017, for a total of HK$9.58 billion (US$1.2 billion), according to Ricacorp Properties. Overall, 89 transactions worth HK$100 million or more took place in Hong Kong last year, and Mount Nicholson’s sales accounted for 18% of the total value of those deals. An analyst from Knight Frank pointed to the lack of luxury supply as a driving factor for high sales prices.
Philippa Forrester’s Home Featured in BBC Documentary Lists for £1.5 million
The Falls, a rural U.K. home belonging to TV presenter Philippa Forrester, is up for sale for £1.5 million ($2.03 million) after being featured in popular BBC documentary “Halcyon River Diaries.” Two 16th-century cottages have been converted into a 3,275-square-foot house, and there’s an additional summer house that’s used as a gym. The grounds also include a tennis court and paddock, and wildlife including kingfishers, otters and dippers.
Home Builder Taylor Wimpey Calls the U.K. Housing Market “Solid”
In a trading statement released ahead of their full-year results, the U.K.’s third largest homebuilder called the market “solid” in spite of its shaky past year. Taylor Wimpey reports selling homes at an average of 4% more in 2017 than 2016, with an average price of £264,000 (US$357,432). It also reports building 5% more homes this year, to a total of 14,541.
AROUND NEWS CORP
A Luxury Tower Rises Next to … Honk! … the Lincoln Tunnel [The Wall Street Journal]
The Number of $1 Million Homes in America Has Soared [MarketWatch]
Rooftop Cabin at the Center of Lawsuit Against the City [New York Post]
5 Reasons It’ll Pay to Sell Your Home Early in 2018 [realtor.com]