However, U.K. buyers still account for the largest group of purchasers. Read More
BY THE NUMBERS
LISTING OF THE DAY
Cornstalk Fence Mansion, as it’s known locally, is in the heart of this bustling Southern city. Read More
Here’s how to pull off a look inspired by “Mad Men” without going overboard. Read More
China’s March New Home Prices Saw Their Slowest Growth Rate in Two Years
New home prices in China’s major cities rose 4.5% year-over-year in March, down from a 5.2% growth rate in February, and the slowest annual pace of growth since March 2016. However, month-to-month, new home prices rose 0.4%, up from 0.2% in February. A housing slowdown is widely expected for the second quarter of the year, and sales growth declined by nearly 5% last month.
China Vanke Offers Decade of No Rent Raises in Exchange for Up-Front Payment
Developer China Vanke is set to roll out various long-term leasing options in a new project in Beijing, with options including no monthly rent increases on a 10-year lease for residents willing to pay an up-front fee. The Emerald College project will offer around 1,000 units for long-term rent, which will be completed in 2020. The shortest lease available will be a three-year option.
First-Time U.K. Buyers Mull Extreme Options in Quest to Save for Down Payments
New research from Santander Bank shows that more than 40% of first-time buyers in the U.K. are turning to non-traditional methods to scrounge up a security deposit, from crowdfunding to selling bonds and paying interest to investors. A number of survey respondents said they would consider moving back home to save, while others would give up alcohol, health food, and gym memberships. The average Briton needs to save £20,478 (US$29,096) for a down payment.
Australia’s Rental Market Saw Slower Growth in Q1 2018
Australia’s residential rents rose by 0.3% in March and 1.1% in the first quarter, compared to a monthly growth of 0.4% and quarterly growth of 1.5% for the same period in 2017, according to CoreLogic. All told, first quarter rents were 2.2% higher than the previous year. Regional markets are outperforming capital cities, with respective annual growth rates of 3.1% and 1.9% for the quarter.
AROUND NEWS CORP
Bitcoin Mining Reshapes Real-Estate in a Small Washington Town [The Wall Street Journal]
Cubby Houses a Selling Point for Sydney Families [news.com.au]
Michelle Pfeiffer and David E. Kelly List Bay Area Home for $29.5M [New York Post]
Are You an Extrovert? Live Out Loud With These 6 Home Decor Ideas [realtor.com]