Mansion Global Daily will be off Monday, Jan. 15, due to the U.S. Martin Luther King, Jr. holiday and will return Tuesday, Jan. 16.
Dublin and Other Top Global Cities For Investment Potential
These markets combine expected price growth with lifestyle benefits. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
San Francisco Home with a View of the Golden Gate Bridge
Smart technology and even smarter design define this contemporary California residence. Read More
NEIGHBORHOOD NOTES
Stately, Historic Homes Make Philadelphia’s Chestnut Hill Postcard Pretty
The area offers spacious houses, a charming main street and much more. Read More
NEWS BITES
While E.U. Housing Prices Continue Rising, Italian Prices Falter Italian property prices continued falling in the third quarter of 2017, while more than 80% of Italians surveyed think the nation’s economic situation is bad. It was the only European Union country with shrinking prices in the second quarter of 2017. All told, Italian home prices have fallen 23% since 2007. Financial Times
20% of U.K. Landlords Plan to Reduce Their Holdings in 2018 One-fifth of private U.K. landlords are planning to reduce the number of properties they rent out in the next year, per data from the National Landlords Association. This marks the highest level of intended property sales in a decade. PropertyWire
Angelina Jolie’s $24.5 Million Los Angeles Buy Was Los Feliz’s Biggest Transaction of 2017 L.A.’s trendy Los Feliz neighborhood saw 72 single-family home sales of $2 million and higher last year, compared to 61 such sales in 2016. Eleven homes sold for $4 million and up, including a $4.9 million modernist home once owned by Ryan Reynolds and Scarlett Johansson. The neighborhood’s biggest sale of the year was Angelina Jolie’s purchase of a $24.5 million estate once owned by Cecil B. DeMille. Los Angeles Times
Ottawa’s Strong Market Led Modest Canadian Price Gains in November Canadian home prices increased 0.1% from October, according to Statistics Canada, below economists’ expected 0.2% increase. Ottawa had the nation’s strongest increases, with 0.5% monthly price gains. Toronto prices continued to struggle, rising 4.7% year-over-year, down from their April 2017 growth rate of 9.9%. BNN
Westchester’s Booming Property Market May Stall in Response to Higher Taxes Ahead of a tax overhaul that will raise Westchester’s already-high tax rates, analysts expect buyers to tap the brakes on what has recently been a brisk New York City suburb market. Though listing times were short and prices rose 8.4% year-over-year in the fourth quarter of 2017, completed sales dropped 5.2%, and purchase contracts fell 4.2%. "Right now, everyone’s calling their accountant," said Douglas Elliman president Scott Durkin. "We could see a period of indecision on both the sellers’ and buyers’ side." Bloomberg
AROUND NEWS CORP
Palm Beach Notches Big-Ticket Home Sales [The Wall Street Journal]
How to Buy a House This Year: 5 Tips to Get an Edge [realtor.com]
How to Move or Improve in a Market Slowdown [The Times of London]
Tax Changes Send Chinese Buyers Offshore [news.com.au]