U.S. and Canada Home Prices Pick up Steam, Bucking a Global Slowdown
Home prices in gateway cities in the U.S. and Canada posted strong gains during the third quarter last year, bucking the global slowdown trend, according to a recent report from Knight Frank. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Mountaintop Retreat in the Heart of Montana Ski Country
The home is in the exclusive Yellowstone Club. Read More
DESIGNER'S CORNER
How to Create a Ceiling with Style
From lighting to paint to architectural detailing, design tips you may never have considered for an oft-forgotten part of the room. Read More
NEWS BITES
London Home Prices Fell 0.9% in November London home prices fell for the fourth consecutive month in November, dropping 0.9% from the previous month to an average of £482,000 (US$664,408). That average was 1.6% below last July’s peak of £490,000 (US$675,435), according to the land registry. All told, prices were up 2.3% year over year, one of the slowest growth rates in the U.K. City A.M.
An Idaho Castle Lists for $2.8 Million A five-bedroom, six-bathroom castle in Boise, Idaho, has come on the market for $2.8 million. The home was built in 2010 and features a turret and battlements made with locally sourced sandstone and hardwood. In addition to significant outdoor space, there are two rooftop terraces and a hot tub on top of one of the towers. Curbed
Before Asia Trip, British Columbia Premier Nixes Idea of Foreign Buyer Ban British Columbia Premier John Horgan rejected proposals for a foreign buyer ban in the region, saying instead that the government will find other methods of cooling the local housing market. Later this week Mr. Horgan will embark on a trade trip to China, Korea, and Japan, where he’ll likely field further questions about the state of B.C.’s market. Vancouver Sun
Hong Kong Still Has Asia’s Highest Priced Rentals for Expat Workers A new poll from ECA International confirms that Hong Kong is still the most expensive city in Asia for well-off expatriate renters, with an average rent of HK$81,848 (US$10,461). Tokyo was in second place with an average rent of over US$2,000. Hong Kong’s prices were up 4% year over year due to steady demand and a lack of supply. South China Morning Post
Glut of New Units Will Create Deals for Both Buyers and Renters in Dubai A new report from real estate consultancy Asteco indicates that the rush of new development headed for Dubai’s market in 2018 will give extra negotiating leverage to renters and buyers alike. This year, 23,000 apartments and 8,500 villas are slated for handover, a fact that’s expected to add downward pressure to sales prices and rents. Khaleej Times
AROUND NEWS CORP
Bruce Willis Lists Home on Central Park West for $17.75 Million [The Wall Street Journal]
4 Things Consumers Should Think About Before Financing a Home Improvement [MarketWatch]
High-Profile ‘Tech Titans’ Eyeing Bunny Mellon’s Antigua Property [New York Post]
7 Small Home Flaws That Can Be Big Deals for Buyers [realtor.com]