Mansion Global

Mansion Global Daily: Hong Kong Home Prices, New Zealand's Foreign Buyer Ban, and More

Mansion Global’s daily round-up of the latest luxury real estate news from around the world

Save

Hong Kong Home Prices Expected to Soar in 2018

Luxury property prices surged 15.3% this year; similar growth is expected next year. Read More

BY THE NUMBERS

TRENDING TODAY

LISTING OF THE DAY

A Charming Duplex on an Architecturally Significant London Street

The apartment has a large outdoor space and impressive views, too. Read More

SMART HOMES

A Smart Home Holiday Gift Guide

This year, give your friends and family the gift of comfort, convenience and connectivity. Read More

NEWS BITES

Agents Argue New Zealand’s Ban on Foreign Buyers Won’t Help Affordability A new ban on foreign property buyers in New Zealand is intended to help curb unaffordability by limiting the number of outsiders capable of paying way over market. But real estate agents counter that the number of foreign buyers is actually negligible, with the Real Estate Institute of New Zealand putting the number at 3.8%, and adds that a comparable measure in Australia did little to stop unsustainably high prices. PropertyWire

Northern England Sees Surge in Million-Pound Home Sales Sales of properties for £1 million (US$1.3 million) and more in Northern England outperformed other parts of the country during the first half of 2017, according to new data from Lloyds Bank. Purchases of prime properties in the North West and Yorkshire and the Humber rose by 55% and 45%, respectively. While there was a modest drop in homes sold for more than £1 million this year—1%— across Great Britain, that fall was small in comparison to the 7% decrease in sales of homes costing under £1 million. Property Reporter

Tony Los Angeles Condo Sold to Joan Collins Joan Collins is the new owner of a $2.1 million 3,000-square-foot condominium on Wilshire Boulevard. The space features floor-to-ceiling windows looking out onto the mountains, a private terrace and a formal dining room. It was originally listed for $2.3 million in September. The actress listed a $4.495 million unit in the West Hollywood building Sierra Towers in May. Los Angeles Times

Disaster Victims Unable to Deduct Losses Under U.S. Tax Bill Victims of wildfires, like those currently engulfing Southern California, and other natural disasters would find themselves limited in their ability to write off losses under the proposed U. S. tax bill. The provisions differ in the two versions of the bill: the House’s does away with any deductions for disasters, while the Senate’s will let those deduct only after the situation has been declared an official federal disaster by the president. The Real Deal

AROUND NEWS CORP

There's Not Enough Homes for Sale. Here's Who to Blame [MarketWatch]

Hong Kong Investor Got a Really Good Deal on Standard Hotel [New York Post]

The New Rules of Renting [Times of London]

Hit the Slopes! 5 Amazing Luxury Ski Homes Worth Schussing Into [Realtor.com]