Brexit and weak pound helped London leapfrog Hong Kong and New York in 2020
International property consultant Knight Franks' Liam Bailey, Global Head of Research, is reporting this week that the world's ultra-wealthy spent almost $4 billion on super-prime properties ($10m+) in London last year, more than any other city.
According to the National Association of Realtors, existing-home sales fell in March 2021, marking two consecutive months of declines.
The month of March also saw record-high U.S. home prices and gains. While each of the four major U.S. regions experienced month-over-month drops, all four areas welcomed year-over-year gains in home sales.
Las Vegas Realtors are reporting this week that local home prices rose to another record, and more homes being sold despite a tight housing supply.
LVR reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during March 2021 was $363,000. That breaks the all-time record set in February. March's median home price is up 13.8% from $319,000 during the same month last year.
International property consultant Knight Frank is reporting that urban house prices globally increased by 5.6% on average in 2020, up from 3.2% in 2019.
According to CBRE, Perth's residential market is on track to record double digit growth for the first time in 11 years - leading Australia's housing recovery in 2021.
Residential property prices are increasing more than twice as fast outside Dublin than in the capital as people continue to be squeezed out of Ireland’s largest housing market, the latest index suggests.
Indeed, prices in Dublin increased by 1% in October and are up 4.5% year on year but this is the lowest annual rate of inflation since the middle of 2013, according to the data from the Central Statistics Office.
Residential property sales and prices in Spain are rising year on year and more new mortgages are being granted, suggesting the market continues to recover from the economic downturn.
The latest figures from the General Council of Notaries show that in September sales increased by 8.7%, house prices rose by 1.7%, and the number of new mortgage loans granted grew by 17.4%.
Shortage of supply is keeping house prices in the United States on the up across most of the nation but growth is slowing to a more healthy paces, according to the latest quarterly report.
Overall prices increased during the third quarter of the year with the median existing home single family home price up in 87% of markets.
The town itself is quiet and secluded, and building codes prohibit commercial development. Still, it's not far from the bustling tech-centric towns of Palo Alto and Menlo Park
Coldwell Banker's annual Home Listing Report compares the average listing price for four-bedroom, two-bathroom homes across 2,700 US real estate markets
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