UNITED STATES
Spurred on by an improving economy, luxury home sales in the California capital of Sacramento and surrounding areas has jumped 47% in the second quarter of 2015, compared to the same period last year. [Sacramento Business Journal] An increasing number of affluent and famous buyers in New York City are using clandestine methods to obscure their property purchases from prying eyes. [New York Daily News] The Las Vegas Review-Journal profiles Sin City’s unique luxury rental market. [The Las Vegas Review-Journal]More: What’s Happening in Vegas? Luxury Sales are Rebounding The auction block is becoming a popular option for those looking to sell luxury homes in the winter sport paradise of Park City, Utah. [The Salt Lake Tribune] A first look at the 154,019 square foot, 13- story condo project coming to 70 Vestry Street in Manhattan’s Tribeca neighborhood. [New York YIMBY]
EUROPE
Property site Rightmove finds a reversal of a long-standing trend in the United Kingdom’s real estate market with prices rising in northeast England and dropping in the London neighborhoods of Kensington and Chelsea. [The Guardian]More: Demand on the Rise in London After Months of Decline TechCrunch identifies the London real estate market as one “ripe for disruption.” [TechCrunch] Peter Cooper,of Gulf Business, posits that we may have seen the peak for London property prices. [Gulf Business]
AUSTRALIA
Slow winters for the Sydney property market are a thing of the past as low interest rates and lack of supply keep the traditionally quiet season thriving. [The Daily Telegraph] A seven-bedroom waterfront home in the Sydney suburb of Cabarita set a record this past weekend when it sold for $4.7 million (US$3.4 million) at auction - nearly $1 million (US$737,350) more than what the sellers paid for the property a year ago. [Herald Sun] The Daily Telegraph explores the phenomenon of cash-rich Chinese students buying high-end residences in Sydney’s university suburbs. [The Daily Telegraph]
CANADA
David P. Ball and Katie Hyslop of The Tyee offer tips on how to reign in Vancouver’s gangbusters real estate market. [The Tyee]More: Vancouver’s International AppealView full listing (pictured top)
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