Australia Continues to Attract Foreign Buyers
South Yarra and Toorak reign in Melbourne, while Sydney suburbs like Vaucluse and Rose Bay are big draws. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Miami’s Villa Jasmine Has Incomparable Views of the Skyline
The home, once belonging to pop star Enrique Iglesias, is in the private Sunset Islands. Read More
THE INSIDERS
Christie’s Real Estate Chief Pinpoints the Safest Markets in the World
We caught up with Dan Conn, chief executive officer of Christie’s International Real Estate, to discuss his absolute favorite property on the market, a trend he describes as "lifestyle arbitrage," and much more. Read More
NEWS BITES
Theresa May Plans Measures to Pressure Developers for Increased Homebuilding U.K. Prime Minister Theresa May is expected this week to announce changes to the National Planning Policy Framework that would push councils to set housebuilding target numbers in the name of easing Britain’s housing crisis. Housing Secretary Sajid Javid also said that the government hopes to build five new "garden villages" between Oxford and Cambridge. Financial Times
Zurich Housing Prices Dropped in the Fourth Quarter After Two Years of Increases After nearly two straight years of increases, Zurich home prices dropped in the fourth quarter of 2017, and lender Zuercher Kantonalbank predicts price stagnation or a slump this year as fewer people move to the city. Zurich’s home prices have risen by more than 50% in the past 10 years, while negative interest rates bolstered the market. ZKB analyst Peter Meier noted that "salaries have risen far less than property values in recent years." Bloomberg
China to Aim for ‘Stable and Healthy Development’ in 2018 A report released Monday announced that China’s government will work toward "stable and health development" in the real estate market in 2018. Premier Li Keqiang said in a report that "China will maintain the position that homes are for living in, not for speculation." This means market-cooling measures are likely to continue, and the report promised increased efforts to expand public rental housing and spur development of shared-ownership properties. Reuters
China’s Controversial New Property Tax Unlikely to Happen in 2018 A potential new tax on Chinese property holdings is now unlikely to take effect in 2018, as the government is still "studying the key issues" and "soliciting internal opinions" on the matter, according to a spokesman. If it goes into effect, the tax on real property holdings could potentially have a downward pull on prices, critics warn. However, Premier Li Keqiang noted in his work report that the government will "steadily push forward the legislation of property taxes." South China Morning Post
AROUND NEWS CORP
Practical, Chic Decor: When Family Matters More than Fancy [The Wall Street Journal]
What Home Buyers (and Renters) Need to Know About Trump's Steel Tariffs [MarketWatch]
Behold the $110M Home of Saudi Royalty [New York Post]
Catch an Early Wave! Buy a Home in the World’s Best Affordable Beach Towns [realtor.com]