Dollar buyers are the big winners as prime London property tumbles

The cost of property in London’s most expensive neighborhoods tumbled in 2018, with buyers using the U.S. dollar making the largest savings. Analysis of three prime property areas in the city suggested that sold house prices at the top end of the London market averaged around 6 percent less in 2018 from the year before. The accompanying report, published Tuesday, claimed that buyers of homes in prime central London paid 14 percent less during the last three months of 2018 compared with the 2014


The cost of property in London’s most expensive neighborhoods tumbled in 2018, with buyers using the U.S. dollar making the largest savings. Analysis of three prime property areas in the city suggested that sold house prices at the top end of the London market averaged around 6 percent less in 2018 from the year before. The accompanying report, published Tuesday, claimed that buyers of homes in prime central London paid 14 percent less during the last three months of 2018 compared with the 2014
Dollar buyers are the big winners as prime London property tumbles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: david reid, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, property, winners, billion, uks, dollar, buyers, 2018, big, tumbles, compared, london, value, sold, prime, quarter


Dollar buyers are the big winners as prime London property tumbles

The cost of property in London’s most expensive neighborhoods tumbled in 2018, with buyers using the U.S. dollar making the largest savings.

Analysis of three prime property areas in the city suggested that sold house prices at the top end of the London market averaged around 6 percent less in 2018 from the year before.

New data published by real estate analysis firm LonRes also revealed that more than half of properties had to fall in price before managing to achieve a sale.

The accompanying report, published Tuesday, claimed that buyers of homes in prime central London paid 14 percent less during the last three months of 2018 compared with the 2014 peak.

Moreover, during 2018’s fourth quarter those buying top London property in U.S. dollars are estimated to have averaged a 36 percent saving compared to 2014’s peak prices. The value of sterling has fallen sharply with a steep drop in value shortly after the result of the 2016 referendum on the U.K.’s membership of the European Union (EU).

Roughly £2.9 billion ($3.7 billion) of housing stock was sold in the prime central London area in 2018 compared to £3.5 billion in 2017.

Meanwhile, transactions in the fourth quarter of 2018 were down 13 percent, compared to the same period in 2017.

Brexit, the U.K.’s exit from the EU, was cited by some 69 percent of agents who answered the survey as the root of the slowdown in 2018. Almost half said Brexit would remain the biggest drag to demand in the year ahead.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: david reid, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, property, winners, billion, uks, dollar, buyers, 2018, big, tumbles, compared, london, value, sold, prime, quarter


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

10 states that are the most tax-friendly for middle-income people

At least that’s the recommendation from personal finance website GOBankingRates, which published a study Tuesday that rates the most and least tax-friendly states for the middle class. The study compared total sales tax, property tax and personal income taxes paid by the middle 20 percent of households. Top 10 most tax-friendly states:• Alaska• Delaware• Nevada• Wyoming• Montana• Florida• Tennessee• Idaho• South Carolina• North DakotaIt’s not surprising that states with no income tax, such as Al


At least that’s the recommendation from personal finance website GOBankingRates, which published a study Tuesday that rates the most and least tax-friendly states for the middle class. The study compared total sales tax, property tax and personal income taxes paid by the middle 20 percent of households. Top 10 most tax-friendly states:• Alaska• Delaware• Nevada• Wyoming• Montana• Florida• Tennessee• Idaho• South Carolina• North DakotaIt’s not surprising that states with no income tax, such as Al
10 states that are the most tax-friendly for middle-income people Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jessica bursztynsky, getty images, jeff greenberg
Keywords: news, cnbc, companies, tax, taxfriendly, income, state, property, middleincome, nevada, states, study, personal, taxes


10 states that are the most tax-friendly for middle-income people

Illinois residents looking to save on taxes may want to start by getting estimates on a move to Alaska.

At least that’s the recommendation from personal finance website GOBankingRates, which published a study Tuesday that rates the most and least tax-friendly states for the middle class. The study compared total sales tax, property tax and personal income taxes paid by the middle 20 percent of households.

GOBankingRates compiled data from the Institution of Taxation and Economic Policy’s 2018 “Who Pays” report.

Top 10 most tax-friendly states:

• Alaska

• Delaware

• Nevada

• Wyoming

• Montana

• Florida

• Tennessee

• Idaho

• South Carolina

• North Dakota

It’s not surprising that states with no income tax, such as Alaska, Nevada or Florida, fare better, said Andrew DePietro, study researcher and data analyst.

However, states that don’t levy individual income must find revenue from other sources. This also factored into the rankings.

New Hampshire, for example, ranked 12th on the list. Although the state doesn’t tax incomes, New Hampshire does have higher property and state taxes.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jessica bursztynsky, getty images, jeff greenberg
Keywords: news, cnbc, companies, tax, taxfriendly, income, state, property, middleincome, nevada, states, study, personal, taxes


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o


Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o
Thailand property: Chinese buying interest has surged in recent years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.

That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holidays. According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.

Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.”

“While the election is momentous for Thailand, most of the buyers we work with are unconcerned about the outcome,” she told CNBC.

Thailand’s economy has been powering ahead since its 2014 coup, reaching 3.9 percent GDP growth in 2017. That was its best in five years, but that growth is expected to slow a bit this year due to weaker global growth, the World Bank projected.

Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases.

In fact, Sansiri — one of Thailand’s biggest developers — set up its international business unit in 2014 after seeing growing interest from foreign buyers, said Nanmanas Jiwattanakul, the company’s assistant executive vice president of international business development.

Chinese buyers make up 70 percent of Sansiri’s international sales, she said.

The development — not spurred by any marketing efforts — prompted the developer to set up showrooms in Thailand and overseas catering to such investors, she told CNBC.

“We started to drive (international sales) and also because we started seeing a number of foreign buyers in Thailand,” said Nanmanas.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Miami estate sells for a record $50 million

An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most expensive home ever sold in Miami-Date County. So with the current sale, the home will have set the Miami record twice. The names of the buyer and seller of Indian Cree


An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most expensive home ever sold in Miami-Date County. So with the current sale, the home will have set the Miami record twice. The names of the buyer and seller of Indian Cree
Miami estate sells for a record $50 million Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: robert frank, the alexander team, douglas elliman
Keywords: news, cnbc, companies, property, estate, indian, expensive, sells, creek, miami, record, sale, sold, island, million, 50


Miami estate sells for a record $50 million

An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal.

The property, at 3 Indian Creek Island Road, was not officially listed but had sold in 2012 for $47 million. At the time, that marked a record for the most expensive home ever sold in Miami-Date County. So with the current sale, the home will have set the Miami record twice.

The sale comes as the real estate market in South Florida has gotten off to a strong start of the year, helped in part by the new tax law that makes it more attractive to live in low-tax states.

The names of the buyer and seller of Indian Creek weren’t disclosed. The buyer of the property in 2012 was an LLC, and was purchased by a Russian businessman, according to news reports.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: robert frank, the alexander team, douglas elliman
Keywords: news, cnbc, companies, property, estate, indian, expensive, sells, creek, miami, record, sale, sold, island, million, 50


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Nintendo has to get mobile gaming right, analyst says

Nintendo has to get mobile gaming right, analyst says12 Hours AgoAtul Goyal of Jefferies says Nintendo has a “very big library” of intellectual property, but it needs to find a way to monetize it through mobile games and not just the Switch.


Nintendo has to get mobile gaming right, analyst says12 Hours AgoAtul Goyal of Jefferies says Nintendo has a “very big library” of intellectual property, but it needs to find a way to monetize it through mobile games and not just the Switch.
Nintendo has to get mobile gaming right, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31
Keywords: news, cnbc, companies, says12, switch, property, mobile, monetize, way, nintendo, needs, library, right, gaming, analyst


Nintendo has to get mobile gaming right, analyst says

Nintendo has to get mobile gaming right, analyst says

12 Hours Ago

Atul Goyal of Jefferies says Nintendo has a “very big library” of intellectual property, but it needs to find a way to monetize it through mobile games and not just the Switch.


Company: cnbc, Activity: cnbc, Date: 2019-01-31
Keywords: news, cnbc, companies, says12, switch, property, mobile, monetize, way, nintendo, needs, library, right, gaming, analyst


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Hong Kong’s short-lived property price decline is just about over, analysts say

The recent slide in Hong Kong’s residential property prices may soon be ending. Property is a key driver of the economy in land-scarce Hong Kong, where some 7.4 million people are packed onto small islands and a jagged, mountainous peninsula that borders mainland China. Analysts last year predicted residential property prices in the city would decline between 15 percent and 20 percent, pressured by declines in the Hong Kong and mainland stock markets, a weakening Chinese yuan and rising local bo


The recent slide in Hong Kong’s residential property prices may soon be ending. Property is a key driver of the economy in land-scarce Hong Kong, where some 7.4 million people are packed onto small islands and a jagged, mountainous peninsula that borders mainland China. Analysts last year predicted residential property prices in the city would decline between 15 percent and 20 percent, pressured by declines in the Hong Kong and mainland stock markets, a weakening Chinese yuan and rising local bo
Hong Kong’s short-lived property price decline is just about over, analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: kelly olsen, jerome favre, bloomberg, getty images
Keywords: news, cnbc, companies, hong, kong, yuan, analysts, price, rising, kongs, wong, shortlived, say, decline, prices, wrote, stock, property


Hong Kong's short-lived property price decline is just about over, analysts say

The recent slide in Hong Kong’s residential property prices may soon be ending.

Just four months after the city topped Swiss Bank UBS’ chart of the world’s most overvalued housing prices, analysts are calling a bottom after a short correction.

Property is a key driver of the economy in land-scarce Hong Kong, where some 7.4 million people are packed onto small islands and a jagged, mountainous peninsula that borders mainland China.

Analysts last year predicted residential property prices in the city would decline between 15 percent and 20 percent, pressured by declines in the Hong Kong and mainland stock markets, a weakening Chinese yuan and rising local borrowing costs.

Prices have already come down 10 percent since their peak in August last year, CLSA property analyst Nicole Wong wrote in a report last Wednesday

But now, she said, property could gain from a stabilization for Hong Kong’s stock market and the Chinese yuan. On top of that, Wong added, the U.S. Federal Reserve’s “tame rate guidance” may push investors in Hong Kong to seek returns in higher yielding investments such as property.

Hong Kong’s currency is linked to moves in the U.S. dollar and rising U.S. interest rates mean that Hong Kong rates will follow suit — the city’s monetary authorities move in lock step with their counterparts at the Fed.

But sharp declines in stateside stock markets in the fourth quarter of last year and worries about the outlook for U.S. and global economic growth have resulted in expectations for a slowdown in the American central bank’s pace of rate increases.

“Market dynamics have shifted,” Wong wrote, predicting that prices will bottom out over the next couple of months before rising by as much as 15 percent.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: kelly olsen, jerome favre, bloomberg, getty images
Keywords: news, cnbc, companies, hong, kong, yuan, analysts, price, rising, kongs, wong, shortlived, say, decline, prices, wrote, stock, property


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Why Chinese investors are looking at Thai real estate

Why Chinese investors are looking at Thai real estate17 Hours AgoCarrie Law of Juwai.com says Chinese investors are turning their attention toward Southeast Asian property markets, instead of traditionally popular countries like Australia and the U.S.


Why Chinese investors are looking at Thai real estate17 Hours AgoCarrie Law of Juwai.com says Chinese investors are turning their attention toward Southeast Asian property markets, instead of traditionally popular countries like Australia and the U.S.
Why Chinese investors are looking at Thai real estate Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28
Keywords: news, cnbc, companies, traditionally, thai, real, chinese, southeast, popular, looking, property, turning, investors, markets, estate


Why Chinese investors are looking at Thai real estate

Why Chinese investors are looking at Thai real estate

17 Hours Ago

Carrie Law of Juwai.com says Chinese investors are turning their attention toward Southeast Asian property markets, instead of traditionally popular countries like Australia and the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-01-28
Keywords: news, cnbc, companies, traditionally, thai, real, chinese, southeast, popular, looking, property, turning, investors, markets, estate


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

China’s real estate loan growth slows further in 2018

Outstanding yuan property loans grew 20 percent from a year earlier to 38.7 trillion yuan ($5.72 trillion) by end-December, compared with 20.9 percent growth in 2017, the People’s Bank of China (PBOC) said in a quarterly financial report. Outstanding mortgage lending climbed 17.8 percent year-on-year to 25.75 trillion yuan by the end of 2018, below a 22.2 percent rise in 2017, central bank data showed. That was just ahead of the slowest pace of growth last year at 7.7 percent recorded for Octobe


Outstanding yuan property loans grew 20 percent from a year earlier to 38.7 trillion yuan ($5.72 trillion) by end-December, compared with 20.9 percent growth in 2017, the People’s Bank of China (PBOC) said in a quarterly financial report. Outstanding mortgage lending climbed 17.8 percent year-on-year to 25.75 trillion yuan by the end of 2018, below a 22.2 percent rise in 2017, central bank data showed. That was just ahead of the slowest pace of growth last year at 7.7 percent recorded for Octobe
China’s real estate loan growth slows further in 2018 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, real, loans, chinas, central, bank, loan, slows, property, pace, 2018, sector, data, growth, yuan, estate, trillion


China's real estate loan growth slows further in 2018

Loans to China’s property sector grew at a slower pace in 2018 as Beijing tightened home-purchase rules to curb bubble risk, but lending to property developers expanded slightly faster than the year before, central bank data showed on Friday.

Outstanding yuan property loans grew 20 percent from a year earlier to 38.7 trillion yuan ($5.72 trillion) by end-December, compared with 20.9 percent growth in 2017, the People’s Bank of China (PBOC) said in a quarterly financial report.

Outstanding mortgage lending climbed 17.8 percent year-on-year to 25.75 trillion yuan by the end of 2018, below a 22.2 percent rise in 2017, central bank data showed.

Policymakers have vowed to ensure “stable and healthy” development of the property market, repeatedly emphasizing that homes are for living in, not speculative investment.

The government’s sustained drive to reduce debt risks in the economy has cooled the property market but a continued downturn in credit growth in the sector could add to growing pressures on the world’s second-largest economy.

The real estate sector is a key driver of economic growth, so any further weakness could influence the pace and scope of fresh stimulus steps expected from Beijing this year.

Property investment is also looking wobbly, with analysts waiting to see if the government will risk loosening restrictions on home buyers that have kept speculation in check.

Real estate investment in December rose 8.2 percent from a year earlier, down from 9.3 percent in November, according to Reuters calculations based on data released by the National Bureau of Statistics.

That was just ahead of the slowest pace of growth last year at 7.7 percent recorded for October.

Developers raised their borrowings last year though, with loans extended for property development up 22.6 percent in 2018 versus growth of 21.7 percent in 2017, the report showed.

The central bank also said outstanding household loans jumped 18.2 percent to 47.9 trillion yuan by end-2018.


Company: cnbc, Activity: cnbc, Date: 2019-01-28  Authors: qilai shen, bloomberg, getty images
Keywords: news, cnbc, companies, real, loans, chinas, central, bank, loan, slows, property, pace, 2018, sector, data, growth, yuan, estate, trillion


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

This ‘doomsday prepper dream home’ in the Nevada desert is on sale for $900,000 — take a look inside

Ever wish you could get away from it all? This four-story, 22-room, 8,000-square-foot castle for sale for $900,000 in the Nevada desert is one solution. “In a lot of ways, it’s a ‘doomsday prepper’ dream home…extremely self-sustaining, secure and — admittedly — quite odd,” Jake Rasmuson, who is marketing the property, tells CNBC Make It. “Basically this property is an enormous, privately owned fortress with 16-inch-thick concrete walls and self-sustained energy systems using solar and wind, an


Ever wish you could get away from it all? This four-story, 22-room, 8,000-square-foot castle for sale for $900,000 in the Nevada desert is one solution. “In a lot of ways, it’s a ‘doomsday prepper’ dream home…extremely self-sustaining, secure and — admittedly — quite odd,” Jake Rasmuson, who is marketing the property, tells CNBC Make It. “Basically this property is an enormous, privately owned fortress with 16-inch-thick concrete walls and self-sustained energy systems using solar and wind, an
This ‘doomsday prepper dream home’ in the Nevada desert is on sale for $900,000 — take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: catherine clifford, photo courtesy jake rasmuson, bishop real estate, bishop real estate rasmuson
Keywords: news, cnbc, companies, desert, doomsday, 900000, ways, water, sale, dream, enormous, wish, walls, inside, wind, look, prepper, property, nevada, rasmuson


This 'doomsday prepper dream home' in the Nevada desert is on sale for $900,000 — take a look inside

Ever wish you could get away from it all?

This four-story, 22-room, 8,000-square-foot castle for sale for $900,000 in the Nevada desert is one solution.

“In a lot of ways, it’s a ‘doomsday prepper’ dream home…extremely self-sustaining, secure and — admittedly — quite odd,” Jake Rasmuson, who is marketing the property, tells CNBC Make It.

“Basically this property is an enormous, privately owned fortress with 16-inch-thick concrete walls and self-sustained energy systems using solar and wind, and with a 4,000-gallon water storage/rain catchment system. It’s located in the middle of the Nevada desert, and the owner has added two enormous, vintage pipe organs which resonate through the halls [when played], only adding to the oddity of it all,” Rasmuson says.


Company: cnbc, Activity: cnbc, Date: 2019-01-25  Authors: catherine clifford, photo courtesy jake rasmuson, bishop real estate, bishop real estate rasmuson
Keywords: news, cnbc, companies, desert, doomsday, 900000, ways, water, sale, dream, enormous, wish, walls, inside, wind, look, prepper, property, nevada, rasmuson


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Feng shui says ‘fire-related sectors’ could do well: CLSA

Feng shui says ‘fire-related sectors’ could do well: CLSA19 Hours AgoSally Chan of CLSA explains where to buy property in Hong Kong in order to find love or wealth in the Year of the Pig, based on Chinese geomancy.


Feng shui says ‘fire-related sectors’ could do well: CLSA19 Hours AgoSally Chan of CLSA explains where to buy property in Hong Kong in order to find love or wealth in the Year of the Pig, based on Chinese geomancy.
Feng shui says ‘fire-related sectors’ could do well: CLSA Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-24
Keywords: news, cnbc, companies, pig, hong, clsa, wealth, property, love, kong, sectors, hours, firerelated, shui, order, feng


Feng shui says 'fire-related sectors' could do well: CLSA

Feng shui says ‘fire-related sectors’ could do well: CLSA

19 Hours Ago

Sally Chan of CLSA explains where to buy property in Hong Kong in order to find love or wealth in the Year of the Pig, based on Chinese geomancy.


Company: cnbc, Activity: cnbc, Date: 2019-01-24
Keywords: news, cnbc, companies, pig, hong, clsa, wealth, property, love, kong, sectors, hours, firerelated, shui, order, feng


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post