House Prices Up 5.4% Across the U.K.
London sees the slowest growth, at just 2.5%. Read More
BY THE NUMBERS
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LISTING OF THE DAY
New Heights and New Views for a Soon-to-be-Completed London Penthouse
The apartment is expected to be completed in January 2018 as a part of a boutique development in Bayswater. Read More
SMART HOMES
From understated to over-the-top, you’ve got plenty of smart home options for creating a seasonal setting. Read More
NEWS BITES
Florida Leads U.S. in Residential Sales to International Buyers For the 12-month period leading up to July 2017, 22% of all U.S. residential sales by foreign buyers happened in Florida, with the state taking in $24.2 billion, a 25% increase on the prior year. The highest performing cities were Fort Lauderdale, Miami and West Palm Beach, which combined represented 53% of the total. Latin American and Caribbean citizens represented 34% of the buyers. The Real Deal
The World’s Ultra-Wealthy Are Flocking to Berlin Berlin is becoming a magnet for the ultra-wealthy, with research company Wealth-X identifying 13,000 residents with a net worth exceeding $30 million, an increase of 5% from the past year. The appeal of property investment, relatively low prices, a strong German economy and a post-Brexit dimming of interest in London all contribute to the influx. Financial Times
Asian Buyers to Be an Increased Force in Luxury London Property Sales London, a city in which Middle Eastern buyers have traditionally dominated the luxury property market, will likely see a marked increase in high-end real estate buyers from Asia, according to insiders. Developers are putting new effort into marketing to clients in cities like Hong Kong, Beijing and Shanghai as Brexit fears and a higher stamp duty have cooled interest among investors. Arab News
Facebook Marketplace to Offer Housing Rentals Facebook is getting into the rental game, last week announcing that users in the U.S. would be able to find listings on the site’s Marketplace section. The platform will feature listings from brokers and property managers and also pull from services like Apartment List and Zumper. Curbed
Bill Gates Reportedly Building Smart City in Arizona One of Microsoft founder Bill Gates's investment firms has purchased 25,000 acres of land in Arizona for $80 million, reportedly to build a smart city. The land is about 45 minutes outside Phoenix, and according to local real estate investment group Belmont Partners, the community will have high-speed digital networks, self-driving cars, data centers and other new technologies. Arizona Republic
AROUND NEWS CORP
Is Your Landlord a Building-Code Violator? New Service Aims to Tell You [The Wall Street Journal]
'This American Life' Radio Host Ira Glass Selling Chelsea Apartment [Realtor.com]
The Second-Hand Market Slowdown [The Times of London]
Top-Floor Studio in an Expensive Sydney Suburb up for Auction 10 Years After Owner Vanishes Overseas [news.com.au]