How Geelong Became Australia’s Hottest Real Estate Market
The former working class port city has seen prices surge in past year. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Modern Penthouse in the Heart of Fashionable Knightsbridge
The two-story London apartment has 1,600 square feet of rooftop terraces. Read More
THE INSIDERS
Luxury is a Moving Target, Developer Says
Shahab Karmely sees the biggest "take a pause" moments coming from New York right now. Read More
NEWS BITES
Australia’s Home Prices Fell Slightly in June For the ninth consecutive month, June saw home prices fall in Australia’s big cities, according to data from CoreLogic, which reported a 0.3% drop in its index of prices in capital cities. So far, prices in capital cities are down 1.6% for the year. CoreLogic Head of Research Tim Lawless pointed to "tighter finance conditions and less investment activity" as driving the declines, adding, "We don’t see either of these factors relaxing over the second half of 2018." Reuters
May Saw an Increase in Both Available Properties and Prospective Buyers in the U.K. Both supply and demand seemed to be on the rise in the U.K.’s market in May, according to data from the National Association of Estate Agents. The number of properties for sale increased by 12% for the month, while the number of prospective buyers increased as well. Association chief executive Mark Hayward noted that this is part of an annual trend, saying, "House hunters desperate to get their offer accepted, and sellers on a mission to find suitable buyers, flock the market in May." City A.M.
Singapore’s Private Home Prices Rose 3.4% in the Second Quarter Flash estimates from the Urban Redevelopment Authority show a 3.4% increase in Singapore’s home prices between the first and second quarter of the year. Landed homes saw the largest increase, with a 3.8% uptick, and non-landed home prices increased by 3.3%. The Rest of Central Region had the largest increase among non-landed homes, with prices rising by 5.7%. The Business Times
Dubai and the UAE Are Increasingly Popular Destinations for the Global Workforce Dubai has been ranked among the top 10 most attractive cities for international professionals, according to a survey from the Boston Consulting Group and the Network, rising five spots on the list from its previous position, due in part to low cost of living and taxes. Abu Dhabi also increased in popularity, making it into the top 30 destinations for the first time. Elsewhere, London, New York, Berlin, Barcelona and Amsterdam were the top five most popular cities. Khaleej Times
AROUND NEWS CORP
Luxury Colorado Horse Ranch Asks $25 Million [The Wall Street Journal]
Color Outside the Lines! 6 Bright Ideas to Make Your Outdoor Space Pop [realtor.com]
Construction Spending Ticks up in May as Housing Takes a Breather [MarketWatch]
Oscar-Winning Actor David Niven’s Swiss Chalet Is up for Sale at £5M [The Times of London]