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You are here: Home / International / Toronto Ranked World’s Hottest Luxury Market & Other International Real Estate Updates

Toronto Ranked World’s Hottest Luxury Market & Other International Real Estate Updates

May 18, 2015 by MelanieDawn 23 Comments

Toronto ranked the world’s hottest luxury real estate market for 2014

Toronto Canada 600x300

Toronto is towering above the rest of the world’s luxury property markets, as the only city to record an acceleration in the sales rate of high-end homes from 2013 to 2014. The Canadian city, well known for its economic stability, experienced a 37pc increase in the sale of luxury penthouses, apartments and houses in the 12 months to the end of December

Why The British Real Estate Market Will Rise Now The Election Is Over

London England 600x300

The Knight Frank team predicts an immediate rise in sale volumes in the next two quarters of this year. Activity is likely to be most marked at the highest end of the market, which had been particularly subdued in the early part of 2015 because two of Britain’s main parties—Labour and the Liberal Democrats—looked at introducing a new levy on homes worth more than £2 million, the so-called mansion tax.

The Irish real estate market shows strong growth, Business World reports

The latest figures show that the Irish real estate market generated total returns of 36.3% in the year to end-Q1 2015, among the highest in the MSCI index universe… “A recovering economy; falling unemployment; and an imbalance in the space markets, particularly in Dublin’s office, hotel and residential markets, offer a positive backdrop for further rental growth”

Sweden bubbles away: house prices surge

Stockholm-Sweden

House prices in Sweden surged by 8.57% during 2014, according to Statistics Sweden, probably due to rock-bottom interest rates and a shortage of housing supply… House price growth this past year was much higher than the 3.90% rises seen in 2013 (3.83% in real terms), or the 2.28% house price rises in 2012 (2.21% in real terms).

New Zealand Property Boom Attracts Overseas Buyers

Bayswater_Marina_Auckland_New_Zealand_Wiki 600x300

Property values are soaring in Auckland, New Zealand, a city of 1.4 million people on a remote island straddling the Tasman Sea and the Pacific Ocean… Auckland’s beaches, clean air and environmentally friendly image are clear selling points for foreign property investors, analysts said. And New Zealand’s property investment laws — which do not include a stamp duty or a capital gains tax — are seen as more welcoming than those of Singapore, Hong Kong and other global investment hubs.

Filed Under: International, Real Estate

Melanie Dawn Molina Wood is a licensed real estate agent and real estate educator living and working in the Downtown Miami – Brickell area. She is a Certified International Property Specialist and an accredited LEED Green Associate. For more information about real estate in the Miami area, or to connect with a real estate agent anywhere in the world, contact Melanie Dawn by text/phone at 305-801-3133, or by email at MelanieinMiami@gmail.com

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