Experts weigh in on the mathematical acrobatics necessary for a developer to make the price worth it. Read More
BY THE NUMBERS
LISTING OF THE DAY
The house is a hidden gem, tucked into a hillside, and offering excellent privacy. Read More
The London-based architect fears that Brexit may hurt the city’s architectural industry. Read More
Hong Kong Home Prices Could Drop by as Much as 10% in Early 2019
Hong Kong home prices are expected to start deflating in November, and to see a quarterly drop of as much as 10% in the first three months of 2019, according to Hong Kong Shue Yan University economist Lee Shu-kam. “Home prices may start to fall at the end of the year when market sentiment reverses amid a downbeat stock market and higher interest rates,” Mr. Lee said. The expected interest rate increase from the Federal reserve in September, combined with the U.S. trade war with China, is expected to put increased pressure on the market.
Divorced Men Are Behind a Boom in Houseboat Sales in London
Mooring licenses in areas of London that are popular for houseboats have increased 76% since 2012, while licenses for boats with home moorings have skyrocketed by 221% in the same period. The dramatic increase in houseboat popularity is driven largely by a rush of divorced men into the market, with one agent saying they make up as much as 70% of buyers. “Many of our buyers are divorcees who have sold the big family home but don’t want to compromise on space or location,” said Nigel Day of Riverhomes.
Ready Home Sales Outpacing Off-Plan Properties in Dubai
Around Dh14.06 billion (US$3.8 billion) worth of off-plan home sales have taken place in Dubai in the first seven months of the year, a 30% decline from the same period in 2017. Meanwhile, Dh12.38 billion (US$3.4 billion) worth of sales happened in the ready property sector, only an 8% decrease from last year. The comparatively small decline indicates a larger shift in interest away from off-plan sales and toward completed projects such as Sports City, the only Dubai apartment complex to actually record an increase in sales compared to last year.
Hobart Real Estate Slows, as Tasmania
Hobart’s real estate market has hit a plateau, while Tasmania is gaining strength, according to recent reports. In the Winter 2018 Price Predictor Index, Hotspotting director Terry Rider pointed to “early signs” that Hobart, Australia’s hottest capital city market, “appears to have passed its peak.” But regional Tasmania is experiencing a ripple effect, seeing its real estate market rising, with a number of the smaller areas turning into growth markets.
AROUND NEWS CORP
Giant Colorado Ranch With Private Saloon Seeks $36 Million [The Wall Street Journal]
The New Housing Play: Helping Priced-Out Renters Become Long-Distance Landlords [MarketWatch]
Seventeen Sydney Suburbs Declared Danger Markets for Buyers [news.com.au]
Dive Into the Best Beach Towns in America for 2018 [realtor.com]