UNITED STATES
Brokers and analysts discuss why the proliferation of hefty property price tags don’t necessarily mean the U.S. is experiencing a real estate bubble. [Yahoo! News]More: Nine Figures and Counting The New Yorker tries to puzzle out why so many developers are willing to build waterfront luxury high-rises in what are potential flood zones (hint: it’s incredibly lucrative). [The New Yorker] The top 13 floors of the 63-story ultra-luxury One MiMA Tower in midtown Manhattan will make the transition from rental properties to condos, as was the original developers intentions, after being purchased by Chinese private equity firm Kuafu Properties. [Curbed] 5280 offers tips to sellers on navigating Denver’s red-hot real estate market. [5280]More: The Dash for Denver Estates Multi-Housing News offers a window into the mind of the condo construction lender in South Florida. [MHN Online]
ASIA
Real estate consultancy Jones Lang Lasalle finds that new luxury precincts are forming in the Indian capital of Tamil Nadu, Chennai to address the demand for “affordable luxury.” [The Hindu] The Establishment Post delves into the potential “catches” of Indonesia’s proposed laws opening the country up to greater foreign investment in property. [The Establishment Post]
MIDDLE EAST
A new report from Tasweek Real Estate Development finds that Dubai property prices were down 10% in Q2 of 2015 compared to the same period last year. [Arabian Business] A survey of 200 business executives by the London Business school found that an overwhelming majority, 84%, believed that it was unlikely Dubai would face another drastic real estate market correction like it did in 2008-09. Significantly less, 47%, however, said they would invest in the Dubai property market. [Yahoo! News]
EUROPE
Property prices in prime London locations rose by an average of 1.6% over the course of Q2 2015 but remain 0.7% lower than their value at end of June 2014. [PropertyWire]View full listing (pictured top)
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