Real Estate

First- and Second-Home Buyers Can Expect Discounts in 2019

Experts and data agree—this year will be a good one to buy a house in most places.

Home Sales Are Slowing Across The U.S.

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By James Tarmy

January 9, 2019 at 6:00 AM UTC

This article is part of the January 14, 2019 issue of businessweek.

The luxury real estate market in 2018 wasn’t great for many people. Sellers in cities as far apart as London, Los Angeles, and New York found themselves facing daunting macro- and microeconomic headwinds, while buyers, on the other hand, had to contend with overpriced stock and rising interest rates—and taxes.

In 2019 every market indicator points to things getting worse for sellers. London, Amsterdam, Hong Kong, Munich, Toronto, and Vancouver are all at risk of property bubbles and their subsequent deflation, according to a report by UBS Group AG.