Guangzhou Rises To Top of Global Luxury Real Estate Market
Luxury housing prices around the world increased 4.2% in the year to September, according to a Knight Frank report released Tuesday. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
New California Spec House on a Large, Flat Lot in Rustic Canyon
The nine-bedroom spec house on West Sunset Boulevard is surrounded by butterfly gardens and tall oak, sycamore and redwood trees, and a creek runs along the back of the property. Read More
SMART HOMES
Outfit Your Home With a Futuristic Fireplace
Man’s oldest technology meets the newest in these space age space heaters. Read More
NEWS BITES
Vancouver North America’s Most Unaffordable City, Report Says A ranking of the largest 50 cities in North America done by Point2 Homes, listed Vancouver as the most expensive, ahead of New York, Los Angeles and San Francisco.The city has a median home price of C$1.1 million (US$865,040) while the median income is only C$63,944 (US$50,285). Vancouver Sun
Rising Costs in Montreal’s Housing Market Montreal saw October home prices spike 12.7% from a year earlier, reaching nearly C$500,000 (US$393,450), according to the city real estate board. For single-family homes, which saw a rise of 10%, the average price hit nearly C$630,000 (US$495,747). The increases were attributed to high employment, consumer confidence and an influx of newcomers to the area. BNN
Property Prices Up in Scotland Average property prices in Scotland rose almost 4% year on year. Official data shows Scotland’s home prices saw a 3.9% increase year on year in August, bringing the average property cost to £146,354 (US$192,719). Data from the Registers of Scotland also showed that sales increased 26.2% month to month. Areas with the highest volume of sales were Glasgow, Edinburgh, Fife, South Lanarkshire and North Lanarkshire. PropertyWire
Online Business Takes on British Rental Agents A new website looks to save renters money by taking rental brokers and their fees out of the equation. HomeRenter, which will launch on Monday, is funded by Trinity Mirror, Britain’s largest newspaper publishing company. While landlords will pay fees to have their properties shown, customers will be able to browse free of cost. South China Morning Post
AROUND NEWS CORP
Kim Kardashian West and Kanye West Sell Bel Air Home for $17.8 Million [The Wall Street Journal]
What the GOP Tax Bill Means for Vacation Homeowners [MarketWatch]
Shocking Arrest of Saudi Prince Complicates Plaza Sale [New York Post]
We Have the Dish on 10 Delectable Dining Rooms—Dig In! [Realtor.com]