Location greatly determines which extras will increase your return on investment. Read More
BY THE NUMBERS
LISTING OF THE DAY
This sixth-floor apartment in a new 63-story glass tower offers wide-open loft living spaces and ultra-modern concrete walls, floors and ceilings. Read More
The Norwegian island of Tjuvholmen, translated to mean “isle of thieves,” was once the haunt of thieves and the site of execution grounds. The former industrial site was extended and redeveloped over the past decade and is now is known for architecturally striking high-end modern homes. Read More
Canadian Sales Transactions Dropped 6.5% in February
Sales transactions for Canadian property dropped 6.5% month-to-month between January and February, while the average home price dropped by 5% and sales volume declined 16.9% year-over-year. Analysis from the Canadian Real Estate Situation notes that many homebuyers rushed to finish transactions before the end of 2017, in anticipation of strict new mortgage rules that took hold in January. Prior to the new regulations, transactions had hit a record high in December.
Abu Dhabi and Dubai Are the Most Expensive Cities in GCC
The new 2018 Worldwide Cost of Living report from the Economic Intelligence Unit ranks Abu Dhabi and Dubai as the two most expensive cities in the Gulf Cooperation Council. Abu Dhabi is ranked the 62nd most expensive city globally, and Dubai is 66th. Though Abu Dhabi costs have remained steady, all GCC cities that tie their currency to a weakening U.S. dollar have moved further down the list in the past year.
Scotland’s Home Prices Growing Eight Times Faster Than England and Wales
Scotland’s average annual home price growth reached 5.9% year-over-year in January, compared to 0.7% for the rest of Britain. According to Your Move’s sales index, the average Scottish home price reached £179,448 (US$250,057), putting it £10,000 (US$13,935) higher than it was just a year ago. Edinburgh is still the most expensive city, with prices up 7.6% to an average of £264,903 (US$369,137), while Glasgow hit a new high point with an increase of 1.1% to an average of £158,851 (US$221,355).
Newport is Britain’s Fastest-Growing Property Market
The Welsh city of Newport has the fastest-moving property market in Britain, thanks in part to the upcoming removal of toll bridges across the River Severn. The number of available properties in the city has dropped by over 37% in the past year, while asking prices have risen by £12,000 (US$16,722) and local agents report long waitlists. Oldham, Scunthorpe, and Rochdale were next on Rightmove’s list of the U.K.’s fastest-moving markets.
AROUND NEWS CORP
Your Moving Checklist: 15 Things to Do Before Moving Into a New Home [Realtor.com]
L.A. Home With Resort-Style Amenities Listed for Almost $50 Million [The Wall Street Journal]
Refinancings Haven’t Been so Scarce Since Lehman Brothers Imploded [MarketWatch]
Sydney Baby Boomers Drive Real Estate Boom in Brisbane [www.realestate.com.au]
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