Prices have been surging in many German cities, but uncertainty means investors must be selective. Read More
BY THE NUMBERS
LISTING OF THE DAY
Actress Helen Hayes, and later comedian Rosie O’Donnell, were owners of this Nyack home. Read More
The area is slowly gaining a reputation as a more peaceful, and much quieter, alternative to Australia’s bigger cities. Read More
Number of Empty Properties in England Rises for the First Time in 10 Years
Despite a chronic lack of housing supply in the market, the number of empty properties in England has risen, according to HouseSimple, up to 205,293, or £50 billion (US$68 billion) worth of housing stock. The number of long-term vacant homes had been on the decline since 2008, when there were 326,954 properties sitting empty. The latest numbers mark the first increase since then, with York, the City of London, and Cambridge seeing the highest rates of empty homes.
Hamptons, New York, Home Designed Like a European Villa Is Asking $10 Million
A seven-acre Sagaponack, New York, compound built in the style of a European villa has come on the market for $10 million. The property was built in 2002, and the 6,270-square-foot main home includes a great room with 25-foot ceilings, as well a master suite with a private patio and a stone fireplace. Other features include a guest cottage, two-car garage, and gunite pool.
China’s Government Vows Not to Pull Back On Market Cooling Measures
Chinese housing officials said in comments this week that they will not loosen recent government measures to cool housing prices and speculative investment, but instead will “earnestly implement” these plans, and push for development of lower-priced housing. Even as sales activity slows, home prices in China rose for the 35th consecutive month in March.
Arab Investors Turn to Izmir to Take Advantage of Turkey’s Weak Currency
Turkey’s struggling economy and deflated currency, along with loosened regulations and new incentives for foreign buyers, are creating an appealing environment from Arab property investors. Property purchases by foreigners doubled last year on the heels of a new rule that buyers of homes worth $1 million and up could gain Turkish citizenship. The city of Izmir has become particularly popular, with prices growing 18.5% in 2017.
AROUND NEWS CORP
When Buying a Home Is—and Isn’t—a Good Investment [MarketWatch]
Penthouse for ‘Health-Conscious’ Buyer Lists for $40 Million [The Wall Street Journal]
The Must-Haves of the Super-Rich [The Times of London]
Lakers Head Coach Luke Walton Scoops Up Mansion in Manhattan Beach [realtor.com]