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Mansion Global Daily: The Appeal of Tasmania, Foreign Buyers Return to Singapore, and More

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

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Tasmania Offers An Island Haven for Historic Home Buyers

The island has seen its popularity rise with tourists and home buyers alike. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

Historic London Townhouse That Took a Recent Trip to Hollywood

The house was featured in Daniel Day-Lewis film "Phantom Thread." Read More

THE INSIDERS

Canada’s High Prices Are Organic, Spurred on by Local Buyers, Says Royal LePage Chief

Philip Soper points to Montreal as the place for luxury real estate investment. Read More

NEWS BITES

Scottish Home Sales Reach Their Highest Levels Since 2008 The average Scottish home price rose 3.5%, or £6,000 (US$8,352), year-over-year as of November, up to £175,882 (US$244,824), the highest level since 2008. Glasgow is leading the charge in growth, with an average price at a new high of £157,353 ($219,032), a 9.9% yearly increase. Meanwhile, in England and Wales, price growth for the same period was at just 0.9%. PropertyWire

London’s Fulham Epitomizes the City’s Slowing Housing Market The once-overheated market in London’s Fulham neighborhood now represents the worst of the city’s sluggish housing market, with prices for "prime" properties dropping 4.6% in the last year, and more than 14% from their high point in 2014. "People are waiting [to buy] because prices are going down, down, down," said one resident. Many locals say they know people who have left in anticipation of Brexit, and one broker said, "No one is paying the asking price." Financial Times

Project in Dubai Has Reached AED1 Billion in Sales Around AED1 billion (US$272 million) in sales have been recorded at Beach Vista, a project in Dubai from Emaar Development. All 375 residences have sold in the development’s twin towers, where residents will have private beachfront access. Emaar Properties chairman Mohamed Alabbar called the sales "a positive statement on the robust performance of Dubai’s property sector." Khaleej Times

Foreign Buyers Are Returning to Singapore’s Market The Bank of Singapore forecasts foreign-buyer interest returning to the market this year in anticipation of price recovery and improving prospects for rentals as well. Last year only saw 1,600 transactions by foreign buyers, down from the average of 2,200 and the high point of 3,600 between 2010 and 2013. Unlike most global cities, however, Singapore is now seeing affordable housing prices combined with strong income numbers. Business Times

[header type="georgia"]AROUND NEWS CORP[/header] Elie Tahari Offers Stake in Grand Penthouse Plan for $35 Million [The Wall Street Journal]

Why It Makes More Sense to Rent Than Buy [MarketWatch]

A Buyer’s View of the Stateside Market [The Times of London]

Top 10 Affordable, Kid-Friendly Suburbs That City Parents Won't Hate [realtor.com]