Property Prices in Prime Central London Rose in Second Quarter
Price falls on homes over £2 million have reached a plateau, LonRes says. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Sunflower-Themed Estate in the Hamptons
Amenities in the Long Island home include a pool, tennis court and covered outdoor kitchen. Read More
SMART HOMES
A Guide to High-Tech Nightstands
Add comfort, convenience and connectivity to your bedside table. Read More
NEWS BITES
Limited Supply Raises Orlando Prices As the housing supply in the greater Orlando, Florida-region diminishes, sales are dropping while prices rise. A report from the Orlando Regional Realtor Association showed that July saw the largest dip in inventory in 2018. Prices have grown: Orlando’s June overall median was $239,180, which was up 6.8% for the year and 2.7% for the month. That number represented a 107.8% increase over the July 2011 price. World Property Journal
Interest Rates in Australia Expected to Remain Low Australia is likely to maintain its current interest rates, despite the country reaching its longest stretch of low rates in history. Experts say they don’t expect prices to rise again until 2020 at the earliest. Sydney’s July drop in prices was the largest monthly decline since 2009. The city has seen tremendous growth, with prices rising 80% since November of 2011. Melbourne experienced a similarly significant 60% rise. South China Morning Post
Apartment Growth in Miami Driven By Boom in Little Havana New projects in the Little Havana section of Miami have been responsible for dramatically increasing the number of rental units in zones considered medium-density. The total number in the first six months of 2018 was 196, a 40% increase over the same period last year. Construction in Little Havana, where the number skyrocketed from 48 to 155, represented nearly the entire of that increase. The Real Deal
U.K.’s New Home Listings Fall The number of new home listings in the U.K. fell by 6% in July over the prior month. The bulk of the drop was felt in London, where the listings dropped by 12.7%. The city experienced its first decline in inventory since last December. While the overall decrease was significant, drops were only felt in 55.7% of the cities that were studied. The areas that saw the biggest change in listings were Blackburn, where they fell by 48.6%, and Winchester, which was off by 36.4%. PropertyWire
AROUND NEWS CORP
NBC’s Cynthia McFadden Asks $6 Million for Manhattan Townhouse [The Wall Street Journal]
Looking for Luxury? It Could Be Prime Time [The Times of London]
Not One City in the Northeast Made This Ranking of the Best Places to Raise a Family [MarketWatch]
We Hit the Road to Find 9 Spectacular Homes Along California’s Highway 1 [realtor.com]