Malibu Estate Sells for $120 Million, Setting Area Records
The seller, celebrity broker Kurt Rappaport, has also just listed the home’s former guest house. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Classic Federal-Style House in the Heart of Washington, D.C.
The home is on a quiet one-way street yet is close to everything Georgetown has to offer. Read More
DESIGNER'S CORNER
Design Ideas for Industrial-Style Lofts
Here’s how to make a warehouse-style space feel more like home. Read More
NEWS BITES
London Had the U.K.’s Weakest Home Price Growth in 2017 London home prices grew 2.5% in 2017, according to the Land Registry, the slowest regional rate of growth in the U.K. However, London prices increased 0.4% month-to-month in December, up from a 0.2% drop the previous month. Nationwide, prices rose 5.2% year-over-year as of December, compared to 5% in November and 5.7% in October. City A.M.
Dubai Property Markets Can Expect a Sluggish 2018 Dubai property prices saw a notable slowdown in 2017, with villa prices falling 3.3% in the fourth quarter, and both apartment prices and rents down 4%. An analysis from Asteco forecasts further market cooling in 2018 and notes that the UAE Central Bank should relax loan-to-value ratios to create opportunities for first-time buyers. Rents in particular are under pressure thanks to a flood of new inventory, but new launches are expected to slow this year. PropertyWire
Dubai Off-Plan Property Sales Saw Brisk Activity in January Even in a generally slowing market, secondary and off-plan sales in Dubai have held steady, with secondary market villas/townhouses maintaining a rate of between 167 and 182 transactions per month between October and January. Secondary market apartment sales dropped to 706 transactions in January, down from between 782 and 851 transactions per month between October and December. Off-plan villa/townhouse sales transactions ranged between 1,650 and 1,850 per month between October and January, with 2,169 sales in December. Khaleej Times
64% of U.S. Cities Have Now Reached Record Home Prices Prices for single-family homes in the U.S. rose 5.3% year-over-year in the fourth quarter of 2017, and 64% of metropolitan areas studied are now at peak prices. Fifteen percent of the 177 regions surveyed by the National Association of Realtors saw double-digit price growth in the same period. However, only 1.48 million existing homes were listed at the end of December, a 10.3% year-over-year drop, putting intense pressure on prices. Bloomberg
AROUND NEWS CORP
Escalation Clauses: A Little-Known Bidding-War Strategy [The Wall Street Journal]
Luxurious Flinders House With Its Own Elevator Sets Suburb Price Record [realestate.com.au]
Rosie O'Donnell Is Selling Virtually Every Home She Has [New York Post]
Romancing the Home: 14 Love Nests for Valentine’s Day [realtor.com]