Luxury Real Estate Investors Can Expect Upward Price Trajectory in Vancouver and Toronto in 2018
Outlook is particularly good for investment in new luxury condo developments. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
An Idyllic, Secluded Irish Haven Just South of Dublin City
This estate covers nearly four pristine acres of the Emerald Isle. Read More
NEIGHBORHOOD NOTES
Killiney and Dalkey: Two Irish Coastal Villages That Make Up Dublin’s Priciest Suburb
The area is described as the ‘Amalfi Coast of Ireland.’ Read More
NEWS BITES
Before Buying, London Millennials Will Have Paid Over £270,000 in Rent New research indicates that a London millennial renting an average-sized apartment from the age of 21 will have spent £273,210 (US$365,700) on rent before buying a home at age 32. Elsewhere, the data from Landbay’s National Rental Survey shows that young people renting outside London will have spent £110,830 (US$148,350) on rent in the same period. Millennials who never buy are forecast to spend £2.6 million (US$3.5 million) over their lifetimes for rent in London, and £1.1 million (US$1.5 million) for rent outside the city. City A.M.
Sweden’s Housing Downturn is Getting Worse Swedish home prices fell 2.9% in November after a 3% decline in October, according to HOX Sweden. That puts prices down 0.2% year-over-year, the first time there’s been an annual drop since 2012. Lack of supply and low interest rates had recently pushed up prices, but with a glut of units now on the market, sellers are starting to lower asking prices to speed up sales. Bloomberg
New Mortgage Rules Could Cause a 5% Drop in Canada’s Sales in 2018 The Canadian Real Estate Association has forecast that sales nationwide will drop 5.3% next year in response to tighter mortgage regulations that will go into effect on Jan. 1. The national home price is expected to drop 1.4% down to C$503,100 (US$394,000). With many buyers hurrying to close transactions by the end of the year, the association said, "These sales may come at the expense of sales in the first half of 2018." Vancouver Sun
Brentwood, California, Home by Paul R. Williams Asks $8.95 Million A 1930 Spanish Colonial home designed by famed Southern California architect Paul R. Williams has come on the market asking $8.95 million. The 6,500-square-foot, five-bedroom property includes a grotto-style backyard swimming pool, a sculpture garden, and a motor court. The home is on the market for the first time in 50 years and was first listed for an asking price of $10.8 million in late September. Curbed Los Angeles
AROUND NEWS CORP
How Digital Wizardry Lets Shoppers ‘Install’ Furniture Before Buying [The Wall Street Journal]
Property Prices: What Happened This Year [The Times of London]
Keegan-Michael Key Peruses $28.5M Penthouse With Pal [New York Post]
What Does 'Active/Pending Short Sale' Mean on an Online Listing? [Realtor.com]