How the New U.S. Tax Law Impacts Property Owners
Real estate investors and developers see a win, while individual homeowners face a loss of deductions. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Golf Course Contemporary with Double-Fairway Views
Amenities include his-and-hers garages and automatic fire pits. Read More
THE INSIDERS
Concierge Auctions President on the Importance of Treating Real Estate As a Serious Investment
Laura Brady, president of international luxury real estate auction firm Concierge Auctions, spoke with us about how uncertainty is affecting the real estate market, why she loves the Rocky Mountains, and more. Read More
NEWS BITES
U.K. Home Prices Fell for the First Time in Six Months in December British home prices bucked expectations with a decline in December, according to data from Halifax, which recorded a 0.6% month-to-month decline following a 0.3% increase in November. The annual rate of house price growth slowed to 2.7%. "Halifax’s data suggest that the recent jump in new mortgage rates has poured cold water on a market that was already flagging," said economist Samuel Tombs. Reuters
Hong Kong Home Prices Have Doubled Since 1997’s Housing Bubble Housing prices in Hong Kong are more than double where they were before 1997’s housing bubble burst, according to Financial Secretary Paul Chan, who also told legislators that the ratio of mortgage payments to household income is at 68%, up from the 45% average of recent years. Business Times
Dubai’s Highest-Priced December Deal Sells for Dh18.92 Million A seven-bedroom, 15,500-square-foot Dh18.92 million (US$5.15 million) villa was Dubai’s most expensive sale in December, though the identities of the buyer and seller have not been made public. The home, located near the Montgomerie Golf Club, includes a theater, two lounges, and a basement with space for up to six cars. Gulf News
Los Angeles’s Silver Lake Saw More $1 Million-and-Up Deals in 2017 Los Angeles’s trendy Silver Lake neighborhood saw more than 180 sales of single-family homes priced at $1 million or higher last year, 50 more than in 2016. There were 16 sales that went for $2 million and higher, after 11 such deals in 2016. The neighborhood’s most expensive sale of the year was a $2.5 million Colonial Revival-style home from the 1930s, formerly owned by artist Pauline Annon. Los Angeles Times
U.K. Property Listings Dropped Off at the End of 2017 The number of new properties listed in the U.K. dropped 33.5% from November to December, to fewer than 35,000, according to data from HouseSimple. London saw 13,430 new listings for the month, a 39.1% decline from November, while Kensington and Chelsea saw a 47.5% decline, and Westminster a 47.2% decline. HouseSimple’s Alex Gosling noted, "We expect 2018 to be another challenging year for the property market as the U.K.’s exit from the European union draws closer." PropertyWire
AROUND NEWS CORP
Denver Has a Plan for Its Many Luxury Apartments: Housing Subsidies [The Wall Street Journal]
The Best Cities and Countries to Retire Abroad [MarketWatch]
Roberta Flack's NYC Pad Is in Contract [New York Post]
9 Kitchen Items Designers Really Wish You Wouldn't Buy [realtor.com]