Chinese Cities Led Global Prime Price Growth in 2017
Long-established real estate markets, including New York and London, logged falling values. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Five-Bedroom, 5,500-Square-Foot Loft in the Heart of Tribeca
The downtown Manhattan apartment is all on one level, with terrific city views. Read More
THE INSIDERS
‘Functionality, Aesthetics, Individuality’ Are Keys to Luxury, Says Famed Dutch Architect
Piet Boon says the best homes in the world feel effortless and comfortable. Read More
NEWS BITES
Outbound Chinese Property Investment Expected to Drop by as Much As 40% in 2018 After investing a record $42.2 billion last year, Chinese buyers’ outbound property purchases could fall by as much as 30% to 40% in 2018. The dramatic change comes in response to strict new government controls on the outflow of Chinese money. Cushman & Wakefield expects investors to favor projects this year backed by Beijing, and to "bide their time" on possible investments overseas. Euro News
Perth Mansion Built for Alan Bond is on the Market for Over $50 Million A six-bedroom Perth home designed by architect Geoffrey Summerhayes—and first built for entrepreneur Alan Bond—is up for sale, with agents seeking offers of A$50 million (US$32 million) and up. The property last sold seven years ago to Steve and Sue Wyatt for A$39 million (US$25 million). The home has since been renovated and updated, and agent William Porteous called it "an iconic house—the best in Perth and one of the best in Australia." Domain
England and Wales Home Prices Saw a Slight Increase in January England and Wales home prices increased by 0.2% in January, up to an average of £301,477 (US$416,409). This marks the first increase in months, though prices are down year-over-year, and still dropped in a number of areas, including London, which saw a 4.3% annual decrease. Elsewhere, prices year-over-year dropped 0.2% in the South East, and 0.7% in the North East. PropertyWire
U.K. Renters Paid Landlords Over £50 Billion in 2017 2017 saw the highest U.K. rent bill on record, with renters paying out £51.6 billion (US$71 billion) to landlords, a £1.8 billion (US$2.5 billion) increase from the previous year. Experts say the increase was driven both by rising rents and an increase in the number of U.K. renters. The cost of a new let increased 2.4% year-over-year, though as more millennials transitioned to home ownership, the amount of rent paid by millennials dropped by 2%. City A.M.
AROUND NEWS CORP
How to Compare the Cost of Living in Different Cities [The Wall Street Journal]
Homeowners Will Be Able to Count Airbnb Income on Applications for Refinances [MarketWatch]
The Sky's the Limit for Imaginative Developers [The Times of London]
Architectural Jewel Near Yosemite Makes Beautiful Use of Boulders [realtor.com]