With its bluebird days, powdery trails, and miles of terrain to cover, the West Coast of the United States is a skier’s paradise. Read More
BY THE NUMBERS
LISTING OF THE DAY
Luxurious finishes and design details abound in this Manhattan home. Read More
Entertaining is easier when you make things practical—and pretty, too. Read More
Canadian Home Prices Rose 2.8% in September
Average home prices in Canada increased 2.8% year-over-year in September, according to data from the Canadian Real Estate Association, while residential property sales rose 2.1% month-over-month. However, if prices in Greater Vancouver and Greater Toronto are excluded from calculations, the national average price drops from C$487,000 (US$389,600) to C$374,500 (US$300,000). Sales activity was up as well.
A Flat in London’s Peter Pan Home Has Listed for £1.375 million
A grand home in Notting Hill that’s said to have inspired “Peter Pan” author JM Barrie has since been divided up into flats, one of which is now on the market for £1.375 million (US$1.8 million). The two-bedroom unit includes loft storage, as well as access to communal gardens and a private tennis court. The Llewelyn Davies family lived in the home in the late 19th and early 20th century and became friends with Barrie, who used the family’s children and their home as the basis for the Darling family in “Peter Pan.”
Hong Kong’s New Flat Sales Are on Pace to Set a Record
During the first nine months of the year, 4,299 new flats worth a total of HK$185.69 billion (US$24 billion) have sold in Hong Kong, putting the market on track to have its best year since 2004. The area’s two biggest developers, CK Assets and Sun Hung Kai Properties, are both poised to break sales records, selling a combined total of HK$70.6 billion (US$904 million) in residential property in this period.
Dubai Rents Expected to Keep Dropping in 2018
Slow demand and an ever-growing stable of excess inventory are expected to keep downward pressure on Dubai rents through next year, though prices aren’t likely to make steep drops as they did in 2009. “We expect the next cycles of renewals to result in rent reductions and tenant relocations, leading to modest windfalls in overall market averages over the next 12-24 months,” said Core Savills in its latest Dubai property update. “We extend our forecast of the ongoing rental softening onto next year.” In areas like Jumeirah Village and Downtown, rents have dropped as much as 7%.
700 Smart Apartments Are Headed for Downtown Miami
A huge residential complex with more than 690 smart rental units and 20,000 square feet of retail space is being planned for in Miami. The apartments will include high-tech details such as keyless entry, and smartphone-connected control of audio, video, and thermostat features. A 500-unit luxury condo tower is also in the works next door.
AROUND NEWS CORP
It’s a Steal: A New York Penthouse for Just $37.5 Million [The Wall Street Journal]
Beat Stamp Duty, Buy a Mixed-Use Property [The Times of London]
Exes Diane Kruger and Joshua Jackson Sell Their House [New York Post]
Utah Ghost Town Is ‘Wonderfully Peaceful’ Opportunity for Buyer Who’s Unafraid [Realtor.com]