Prime Residential Real Estate Outlook in England Points to Slow Growth
Central London prices expected to remain relatively flat in 2018, then start climbing in 2019, presenting an opportunity for investors. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A Palm Springs-Style Mid-Century Gem in Los Angeles’s Hollywood Hills
The large, flat lot has stunning downtown views, a pool and indoor-outdoor living. Read More
NEIGHBORHOOD NOTES
Ho Chi Minh City’s District 1 Sees Luxury Real Estate Boom
Experts expect prices to rise in an emerging market where inventory is scarce. Read More
NEWS BITES
Office to Residential Conversions Could Ease the U.K.’s Housing Supply Shortage A report from the Nationwide Building Society has suggested conversions of commercial properties into apartments as a possible solution to the U.K.’s chronic lack of housing supply. The report argues that more developers should take advantage of a 2014 policy change that allowed for "change of use" planning permissions. "This policy change has provided a particularly strong boost to housing supply in London, where the increase in dwellings each year is now 22% higher than at the 2007/2008 peak," said Robert Gardner of Nationwide. PropertyWire
U.K. Home Price Growth Falls Short of Estimates in November U.K. home prices increased 2.5% year over year in September, holding steady but falling short of economists’ expectations of 2.7% growth. In November 2016, the pace of growth was 4.4%. U.K. "housing market activity is currently muted and faltering," said Howard Archer of the EY Item Club. Financial Times
An $11,000/month Penthouse Has Become Jersey City’s Most Expensive Rental A $10,995/month penthouse at LeFrak’s Ellipse tower is now the most expensive rental in Jersey City history. The 2,300-square-foot, four-bedroom, full-floor apartment is one of five penthouses in the building, and features a terrace with views of Manhattan. Building amenities include an outdoor pool, and a co-working space. The Real Deal
Hong Kong Secondary Home Prices Increased for the 19th Consecutive Month Hong Kong’s home price index rose 0.53% up to 342.4 in October, marking the 19th straight month of price growth for secondary homes. Growth was stronger for larger homes, with prices for properties between 753- and 1,075-square-feet increasing 0.89%. Prices are forecast to increase as much as 12% in 2018, though the momentum of price growth will likely slow. South China Morning Post
AROUND NEWS CORP
The Kitchen Design Secrets of Top Restaurant Architects [The Wall Street Journal]
Look North for Future House Price Growth [The Times of London]
Matt Lauer Could Potentially Lose New Zealand Farm [New York Post]
6 Ho-Ho-Home Maintenance Tasks You Should Tackle in December [Realtor.com]