Mapping Out London’s Most Promising Neighborhoods for Investment
From Mayfair to King’s Cross, here’s where your money could go furthest. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A ‘Country House’ in the Heart of London
The seven-bedroom home was built by the inventor of British Summer Time. Read More
NEIGHBORHOOD NOTES
Colorado’s Cherry Hills Village Has Palatial Estates and Rolling Hills
Just minutes from Denver, the area attracts celebrities and business people looking for luxury homes. Read More
NEWS BITES
Spain’s Property Market Has Started the Year Off Strong Spain’s residential market saw prices grow 3.8% year-over-year in the first quarter. The growth was led by particularly strong numbers in Madrid and Palma de Mallorca, where prices grew by 17% and 14.7%, respectively. Elsewhere, Barcelona prices rose 11% and Pamplona prices 10.4%, while Castilla-La Mancha, Extremadura, and Galicia all saw small declines. PropertyWire
Toronto Prices Are Nearing Their Bottom, Report Says In a report last week, RBC Economic Research noted that a correction in Toronto prices is "long overdue," but that "we expect the reprieve in the Toronto area to be short-lived." The report forecasts prices hitting bottom this spring, while interest rates are likely to rise. "It would be tempting to view the fourth quarter’s affordability improvement in Canada as the start of a new, friendlier trend for homebuyers," the report noted. "But this is unlikely to be the case." BNN
Experts Push for Empty Flat Tax to Spur Chinese Sellers Into Action After Hong Kong’s Financial Secretary said last month that the city is considering a tax on empty properties, industry experts are increasingly keen on the idea. "Hong Kong has a real lack of properties, while some developers and secondary homeowners are holding back on selling some empty units," Clement Chan Kam-wing of BDO said. The combined effect of possible interest rate increases and an additional tax could put pressure on would-be sellers to finally list, thus adding more inventory to the market and possibly easing prices. South China Morning Post
London’s First Digital Mortgage Deed Has Been Signed The first digital mortgage deed has been signed in London, using a process that digitally confirms user identities through gov.uk. HM Land Registry has said that it hopes the digital signing process can make sales transactions "instantaneous where possible." Land Registry CEO Graham Farrant also said, "We are looking forward to rolling this out nationally and will be working with more conveyancers and lenders to do so." City A.M.
AROUND NEWS CORP
The Ultimate Golf Fantasy Home [The Wall Street Journal]
Mind the Gap Because the North Is on the Rise [The Times of London]
Owning a Home Near NYC Already Costs a Ton—and It Might Get Worse [New York Post]
House Prices Jumped $100K in the Past 3 Months in This City [realtor.com]