Second-Tier Cities North of London Offer Investment Potential
Birmingham, Manchester and Liverpool among real estate insiders’ top picks. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Warm and Sophisticated Ski Home on the Slopes of Aspen Highlands
This turnkey, ski-in/ski-out home is ideal for year-round living and entertaining. Read More
NEIGHBORHOOD NOTES
Historic Rockcliffe Park Offers Elegance and Community in Ottawa
Natural beauty, exceptional schools, and accessibility draw buyers from across the world to the Canadian capital. Read More
NEWS BITES
London Home Prices Expected to Fall Further in 2018 After a 0.5% decline in London home prices last year, a survey released Thursday by the Royal Institution of Chartered Surveyors forecasts further drops over the course of 2018. Buyer inquiries fell across the U.K. in January. Savills, meanwhile, forecast a 2% drop in prices in London, in part because down payments are too high for most buyers to afford. City A.M.
Canada’s Home Prices Are Stagnant for the First Time in Three Years Prices for new Canadian homes remained steady in December, the first time they haven’t shown growth since April 2015, according to Statistics Canada. Prices in Toronto have stagnated for the last six out of seven months but still rose 4.7% year-over-year, compared to an 8.9% annual gain in Vancouver, and a 3.3% increase nationwide. Government cooling measures and higher mortgage rates are thought to be behind the slowdown in price growth. Bloomberg
San Francisco Bay Area Rents Expected to Remain High in 2018 Low inventory and a brisk local economy are expected to keep San Francisco Bay Area rents climbing in 2018, with a new market report from Yardi Matrix showing rents up 3.2% year-over-year. "We think it’s going to continue. People aren’t going to rush out and buy new houses," said an analyst with Yardi. However, new construction may finally start to ease the market, with 17,700 new apartments currently in the works. Miami Herald
Scottish Rents Fell at the End of 2017, but Are Trending Upward for 2018 Average rents in Scotland dropped 0.7% year-over-year in the last quarter of 2017, with decreases in every major city. However, the decline is largely considered seasonal and rents are generally looking up. Glasgow rents, at £742 per month (US$1,026/month), are above the national average (£734, or US$1,015) for the first time; Edinburgh rents rose 3.3% for the year; and Aberdeen’s slumping rents are expected to level off in the first quarter of 2018. PropertyWire
AROUND NEWS CORP
Venture Capitalist Lists Hawaii Compound for $35 Million [The Wall Street Journal]
Could Stock Market Volatility Cause House Prices to Fall? [MarketWatch]
Inside Nicky Hilton and James Rothschild's NYC Penthouse [New York Post]
These Awesome Features Might Make Your Home a Tough Sell [realtor.com]