Data Shows it’s Time to Buy in Dubai
The city’s luxury market has bottomed out and now offers more value for less money. Read More
BY THE NUMBERS
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Modern Aerie Perched Above the Pacific on Costa Rica’s West Coast
The turnkey home has stunning views of both the jungle and the ocean. Read More
SMART HOMES
Futuristic Faucets for Every Kitchen
Form and function meet above your kitchen sink. Read More
NEWS BITES
Northern England Cities Among Top Areas for Global Property Investment A newly published list of the top areas for global property investment featured a trio of Northern England cities. Liverpool, Leeds and Manchester were at the top of a real estate outlook report list from IP Global that included Berlin, Bangkok and Lisbon as locations offering the best return on property investments. Manchester led the list, with the report showing an 8.6% price increase between October of 2016 and October of 2017 and a projected rent increase of 16.5% from 2018 to 2022. PropertyWire
Seattle’s Construction Boom Slows Seattle’s boom in construction has slowed in recent months, with the number of projects currently declining by 23%, the largest drop over a six-month period in 12 years. While there are still 220 projects scheduled to begin in the future and the rate of development still exceeds anything in Seattle prior to 2015, it’s expected that the number of apartment buildings opening in coming years will fall under 2017’s rate. Downtown Seattle has welcomed 5,700 new apartments in the last year and 3,600 are slated to be finish this year. Seattle Times
Rush of First-Time Buyers in Victoria, Australia, Leaves Few Options for Renters First-time buyers are squeezing renters in Victoria, Australia, out. Areas like Geelong, Ballarat and Bendigo have seen many eager to take advantage of the stamp-duty concessions available for first-timers purchasing homes under A$600,000 (US$466,000), leaving few options left for renters. The vacancy rate in Bendigo went from 2.3% to 1% from 2016 to 2018. The decreased supply has brought with it higher rents, with Ballarat’s median up 5.2% year-to-year in December and Geelong’s increasing 4.3% in the same period. Domain
Environmental Hazard Areas See Homes Appreciate at Above-Average Rates The American ZIP Codes with the highest rate of environmental hazard risk saw their homes appreciate at a faster than average pace. Homes in ZIP Codes in the top 20% for hazards (which include low air quality, pollution, brownfields and superfund sites) saw their median prices jump 7.4% versus the 7.1% nationwide increase over the past year. The past five years saw 57.1% growth for the risk areas versus 51.1% nationally, and the last decade saw 22.2% growth for the risk areas and 12.3% nationally. World Property Journal
AROUND NEWS CORP
Landlords Shed No Tears Over Broken German Housing Market [The Wall Street Journal]
The Cheapest (and Most Expensive) Place to Raise a Family in America [MarketWatch]
The Future's Bright: Two-Tone Paint Is the New Home Trend [The Times of London]
Cactus Be Damned! We’ve Found 12 Very Cool Desert Dwellings [realtor.com]