London’s Super-Prime Rentals Set a Record in 2017
137 homes were leased for at least £5,000 per week, an increase of 34% year-over-year. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Historic Victorian Home With Modern Amenities in San Francisco
The estate was built for a wealthy gold miner in 1895 and has been lovingly maintained. Read More
DESIGNER'S CORNER
Designing a Bedroom With a Point of View
How to pick the right furniture, colors and layout. Read More
NEWS BITES
S&P Analysts Expect Dubai’s Property Market to Continue Its Slump into 2020 Real estate prices in Dubai may decline by as much as 10% to 15% in the next two years, according to an analysis from S&P Global Ratings. Prices dropped between 5% and 10% in 2017 and are down 16% to 19% from their peak three years ago, due in part to pressure in the market from new developments. "We believe that this correction will continue at least for this year and next, before prices stabilize in 2020 at the earliest," said an S&P analyst. Reuters
Ireland’s Dramatic Price Increases Expected to Continue Through 2018 Irish home prices have increased 72.1% since their low point in 2013, with prices jumping 12.3% in the last year alone. The pace of growth slowed slightly in December, from 1% to 0.5% but is largely attributed to the time of the year. Merrion Stockbrokers have said they expect growth to continue "for the foreseeable future," with double-digit increases likely continuing through 2018. PropertyWire
Melbourne, Australia’s Rental Supply Continues to Diminish in the New Year Melbourne, Australia’s lack of available rentals is a problem that appears to be continuing into 2018, with data from SQM Research showing the market supply contracting to 1.8%, or 9,744 properties in January, down from 2.1% (11,478 properties) in December. A new Vacant Residential Land Tax enacted on Jan. 1 is meant to inspire absentee owners to put their homes on the market as rentals. SQM’s director said of the tax, "We’re not seeing any response at this point in time." Sydney Morning Herald
Sharjah Releases First Look at Dh25 Billion Waterfront City Project Developer Sharjah Oasis Real Estate has released a first look at its Dh25 billion (US$6.8 billion) new project, Sharjah Waterfront Cityin the United Arab Emirates. Phase 1, known as "Sun Island," slated to be completed in 2019, includes 231 villas, and is one of eight natural islands that will eventually comprise the project. Sharjah’s CEO noted that more than 50% of units in Phase 1 have already been sold. Khaleej Times
AROUND NEWS CORP
Late Paramount CEO’s Los Angeles Home Seeks $77.5 Million [The Wall Street Journal]
6 Easy Ways to Improve Your Home's Curb Appeal [MarketWatch]
This Cremorne Home Is on the Market With a $20 Million Guide [news.com.au]
The Year's 7 Hottest Living Room Design Trends Are Making Us Feel Alive Again [realtor.com]