Doomsday-Ready Property North of Lake Tahoe to Hit the Market for $8 Million

For more than a year, apartment renters in many U.S. cities have been getting some relief from price increases because of an enormous amount of new supply. Now, big investors are betting that downward pressure on rents from new construction is coming to an end and the market is shifting back in landlords’ favor. At the heart of their reasoning: the critical metric of new construction starts, which began slowing last year and now are falling even further. The Wall Street Journal

A glass house on Sydney Harbour in Australia has hit the market for A$20 million (US$13.4 million). There are water views from nearly every nook of the house, including from the front door. The four-bedroom home has bi-fold glass along its terraces to create a seamless indoor-outdoor flow, and there’s also a swimming pool and a boat house. Domain

Rents across the U.K. were up 7% on a yearly basis in August, bringing the average rent to £1,438 (US$1,883), according to Goodlord research. Even with this year-over-year spike, rents fell by 2% from July, which could be more of a seasonal effect than a sign of rental market competition falling. South West England saw the largest annual increase in rents, which were up 13%, and greater London saw one of the smallest spikes, with rents up 2% to 3%. PropertyWire

Hong Kong’s property market took a dip in August, with overall deals hitting the lowest level since February, when cooling measures were still in place. Real estate deals—which include new and lived-in homes, office units, car parking slots, shops and industrial spaces—fell 10% on a monthly basis to 4,729 units, down 33% from six months ago, Land Registry data shows. Home sales, specifically, fell for the fourth consecutive month to 3,654 units, a 1.9% drop from July and a six-month low since February when 2,375 units were sold. South China Morning Post