To Decipher Listings, Pay Attention to Wording—And What’s Left Out
Brokers rely on storytelling and a handful of sayings to describe views, layout and amenities. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Tradition and Technology Combine in Seaside Home on Mexico’s Baja Peninsula
The sprawling property comes with a smart home system and a curated art collection. Read More
NEIGHBORHOOD NOTES
District V is Budapest’s Most Traditionally High-End Neighborhood
The bustling area attracts international investors and diplomats. Read More
NEWS BITES
Spain’s Property Market Starts the Year Strong New data shows that Spanish asking prices increased 5.9% year-over-year in January, following a 4.5% increase in December. Sales transactions also increased by 16% last year. A report from S&P forecasts 3.5% price growth this year, as well as 3% growth in both 2019 and 2020, with transactions rising by 8%. PropertyWire
A Dubai Development Will Offer Discounts to Buyers Who Pay in Cryptocurrency Samana Developers will offer a 7% discount to buyers who pay with cryptocurrency for homes at Samana Greens, its new project rising at Arjan. Samana Greens will be comprised of 131 units and is slated to be completed in 2020. The company’s CEO notes that the project "will be based on green building concepts," and buyers have the option of using the developer’s own digital currency channel. Khaleej Times
First-Time Buyers Make Up Largest U.S. Market Share in 17 Years Millennials are finally becoming a force to be reckoned with in the U.S. property market, with first-time buyers accounting for 38% of all single-family home purchases last year, their biggest share since 2000. The homeownership rate for U.S. residents under 35 rose to 36% in the fourth quarter of 2017, its highest level since 2014. An economist for insurer Genworth Financial Inc. noted "tremendous growth" in this sector as well as "a lot of pent-up demand." Bloomberg
London’s Property Market Is Worth Double the Nine Next Largest U.K. Cities Combined London’s property market may be slumping, but its total value still increased 1.54% in the last year, to a total value of over £1.5 trillion (US$2.1 trillion). That makes the city’s real estate more than twice as valuable as the combined worth of properties in the U.K.’s nine next biggest cities, including Birmingham, Manchester, Edinburgh and Leeds. Bristol ranked as the second most valuable property market, with a total value of £115 billion (US$161 billion), while Glasgow had a total value of £90.75 billion (US$127 billion). The Telegraph
Drake’s Former Miami Condo Sells for $2.3 Million A Miami condo once owned by Drake—and featured in his video for "I’m the One"—has sold for $2.3 million. The apartment last changed hands in 2012, when Drake sold it to pro basketball player Mario Chalmers. The 5,475-square-foot home has floor-to-ceiling windows, a terrace, a private foyer, and a game room. Curbed Miami
AROUND NEWS CORP
Risky Business: When Parents Hire Their Children as Real-Estate Agents [The Wall Street Journal]
How to Buy a House: A Six-Step Guide to Buying and Selling [The Times of London]
Want to Own Your Own Victorian Island? [news.com.au]
How the Japanese Art of Kakeibo Can Help You Buy a House [realtor.com]