Bay Area Luxury Sales Double Despite Market Uncertainties
A volatile stock market, tax reform and rising interest rates did little to dampen demand.Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
New Villa in Barcelona Offers Elegance, Privacy and Stunning Views
Nestled amid the hills that rise above Barcelona’s Sarrià neighborhood, a newly built, semi-detached house with a 246-foot private deck offers views of the city’s skyline and, beyond it, the Mediterranean Sea. Read More
DESIGNER'S CORNER
Woven Materials Add Depth to Interior Decor
Grasscloth, rattan, wicker, wool, metal—there are no limits to what can be woven into furniture and home decor. Read More
NEWS BITES
January and February Saw China’s Strongest Property Investment Since 2015 The first two months of 2018 saw China’s most robust property investment in three years, though sales still softened year-over-year, according to the National Bureau of Statistics. Investment grew 9.9% in January and February as developers rush to introduce new projects before an anticipated crackdown on financing. "There might be growing liquidity pressure facing property developers," said an analyst from E-house China R&D Institute. Reuters
Rock Singer Sammy Hagar Sells Hawaii House for $3.1M Sammy Hagar, former lead singer of Van Halen, has sold his Hawaiian home for $3.1 million. The house atop a cliff in Maui's Haiku area spans 10 acres of tropical grounds, has a 1,500-square-foot pool and spa and a tiki bar. He put the house, which he's owned for 23 years, on the market late last fall, asking $3.3 million. Los Angeles Times
German Officials Show Growing Concern Over High Property Prices Germany’s central bank has voiced concern over climbing property prices in big cities, and a recent report estimated housing in German towns and cities as overpriced by 15% to 30%. Research group Empirica has indicated that prices in Berlin, Munich and Stuttgart could drop by one-third to one-quarter over the next five years. Analysts say a perennial lack of supply is causing temporary price inflation that could lead to a correction. Financial Times
Hanoi’s Housing Market Is a Favorite With Foreign Investors Hanoi, Vietnam, has become an increasingly popular destination for foreign real estate investors, offering comparative value even as its market has bounced back from a crash in 2007. Luxury flat prices were up 50% between 2006 and 2016, according to CBRE, and mid-market prices rose 80% in the same period. Hanoi’s regional GDP is expected to grow 7.3% this year. South China Morning Post
AROUND NEWS CORP
Home Sellers Now Use Spycams to Gather Intel on Prospective Buyers During Open House [MarketWatch]
Manningham Homeowners Score Melbourne’s Top Profit With $175 Million Windfall [realestate.au.news]
Anonymous Buyers to Give Grey Gardens Mansion a Makeover [The New York Post]
Once an Asylum, Then a Convent, Now a Home [The Wall Street Journal]
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