Buying—and Selling—Property with Bitcoin
The cryptocurrency has soared in value, but there are issues to consider when using it in real estate transactions. Read More
BY THE NUMBERS
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‘Biba House’ in London’s Notting Hill Has Pops of Color Throughout
The home, once owned by the founder of the Biba clothing line, has an eclectic vibe. Read More
SMART HOMES
Get Yourself a High-Tech Garage
How to make your car’s home smart, too. Read More
NEWS BITES
South Korea Considers Tax Increase A new tax on real estate investors in South Korea is being considered, as climbing home prices make unaffordability a significant concern. The government has said they are considering their options, with the tax plan officially being rolled out in August. South China Morning Post
VAT Could Affect Dubai Buyers A value-added tax going into effect in Dubai this week will have property developers paying additional fees. While residential sales won’t be taxed additionally, there’s concern amongst prospective buyers that the fees will be passed on to the consumer, with many who were waiting to buy hastening their process. Some experts estimate the potential costs to be around 3% to 5% of the purchase price. Khaleej Times
Sydney Home Prices Fall for Month Home prices in Sydney and other Australian cities have dropped amid new lending rules that increased the standards on loans. December prices in the country’s largest cities were down 0.4% from the month prior, according to CoreLogic. Annual growth was 4.3%, down from 5.2% a month prior and 10.5% earlier in the year. The Business Times
London Outpaced in U.K. Housing Price Growth England’s highest-performing real estate markets were far from London this year. The largest increases in housing prices came from the southwestern town of Cheltenham, which saw a 13% gain, and the coastal towns of Brighton and Bournemouth, which were up 11%. The national price growth was 2.7%. London’s growth was hampered by Brexit concerns and a slower economy. Bloomberg
AROUND NEWS CORP
This $1 Million House Is the First to Be Sold on the Blockchain in the U.S. [MarketWatch]
New Year, New Homes: 7 Stunners on the Market That Are Fresh for 2018 [realtor.com]
Singapore Apartment Owners Ride Collective Sales to Riches [The Wall Street Journal]
Real Estate Experts Expect House Prices to Fall in Sydney, but Don't Expect a Bargain Any Time Soon [news.com.au]