An Empty Lot In Miami Is on the Market For $24M
Ashar Aziz, the billionaire owner of cybersecurity firm FireEye, is looking to unload his 3.5-acre lot in Coral Gables, Florida, for a reported $24 million, after first purchasing the property for $15 million in 2015. The property features 430 feet of deep-water canal dockage, making it an enticing option for a mega-yacht owner. However, the asking price is ambitious, given that other listings in the area asking $20 million and up are all for homes, rather than just lots. Curbed Miami
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Canadian Housing Starts Were Unexpectedly Robust in June
Housing starts in Canada rose to 212,695 in June, compared to 194,955 in May, and higher than the predicted rate of 200,000. While starts were slower in Vancouver with a 19% decline, starts jumped by 47% in Ontario, and 30% in Quebec, bringing six-month starts to their highest levels in five years. BNN
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Stamp Duties in Hong Kong Just Hit a Seven-Month High of HK$3 Billion
Revenues from a Hong Kong stamp duty—enacted in order to slow the local real estate market—reached a seven-month high of HK$3 billion (US$384 million) in June, indicating that property investment in the city is still booming in spite of the added expense. Revenue generated by the double stamp duty (DSD)—a tax on buyers of second homes and investments—jumped 37% in June compared to the previous month, and revenue from the buyer’s stamp duty (BSD) spiked by 60% in the same period. South China Morning Post
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UK Housing Prices Just Saw Their Weakest Gains Since 2013
Thanks in no small part to a sluggish market in London, a new report from Halifax and IHS Markit shows U.K. home prices rising just 2.4% year-over-year in the second quarter of 2017, slowing from their pace of 3.6% in the first quarter. In London specifically, prices grew by only 0.8%, compared to 13.7% during the same period in 2013. Business Times
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