In U.K., Property Price Growth Is Stronger Outside London
Edinburgh, Liverpool, Leicester, Birmingham and Manchester come out on top. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A Historic Georgian House in a Prime London Spot
Painter John Constable once called this 19th century attached house home. Read More
DESIGNER'S CORNER
From flooring to storage, here’s how to make your pool area feel more resort-like. Read More
NEWS BITES
Orlando’s Median Home Prices Rose 10% in February The median home price in Orlando, Florida, jumped 10.4% year-over-year in February, up to $228,000, compared to $206,500 last year. In the same period, inventory also declined 9%. The city has seen its overall median price increase for 80 straight months, rising 97.4% since July 2011. World Property Journal
New Housing Stock Is Putting Even More Pressure on Abu Dhabi and Dubai Rents There’s no end in sight to rent declines in Abu Dhabi and Dubai, both of which are seeing more new developments opening up in their already-oversaturated markets. Referencing a "tenant-friendly market" and "widespread rental softening," Core Savills CEO David Godchaux also noted that tenants have the power to negotiate better terms, or shop around for cheaper homes. Dubai rents dropped 7.06% year-over-year in February, and in Abu Dhabi, they fell 11.08%. Khaleej Times
Embattled Chinese Conglomerate Selling Off All of its Property Holdings CEFC China Energy Co. is reportedly moving forward with plans to sell its entire global real estate portfolio, which has a total value of over 20 billion yuan (US$3.2 billion). As part of the deal, 100 properties will be sold, including the company’s Shanghai headquarters, a condo at Trump Tower in Manhattan, and various residential properties as well as hotels, industrial, and commercial properties. The firm has recently faced heightened scrutiny in China’s crackdown on foreign investment and excess debt. Bloomberg
Scottish Landlords See Strong Profits Even as Growth Slows Scotland’s average rents grew only 0.7% year-over-year in February, while other numbers showed a 1.2% annual decline. However, the average yield was still 4.4% in February, a better showing than many parts of England and Wales. "While growth has slowed compared to recent times, the Scottish market continues to grow at a healthy and steady pace," said Brian Moran of Your Move Scotland. PropertyWire
AROUND NEWS CORP
Jennifer Lopez and Alex Rodriguez Buy $15.3 Million New York Apartment [The Wall Street Journal]
Get Ready for the Most Competitive Spring Home Buying Season Since the Great Recession [MarketWatch]
Real Estate Owners Vie for NYC Tax Bill Relief, Reap $577M [New York Post]
Historic Property to Be Loved Once More After Setting Suburb Record [news.com.au]