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While the threat of New York mayor Bill de Blasio's "pied-à-terre" tax does not appear to have dampened house price growth there, recent hikes in stamp duty have hit properties worth more than £2m in London, keeping overall prime house price growth at 5.1% for the year, the report says.
Thus, at least in some media, audiences are shifting more of their spending to hit properties -- the most popular movies and books, for instance -- to the detriment of specialized content such as art house films and mid-list titles.
I hit "properties" on a folder dubbed "Matrix Revolutions" (because no self respecting sad nerd would want to click on that folder and watch the disappointing third Matrix film again) and my computer searched and searched and searched and searched for the best part of five minutes as I realised that going to a boys' school that never taught me sex education left me dangerously warped.
Right click again, and hit properties.
Right-click it and then hit "Properties".
Click "This PC" on the left-hand side of the window, and then hit "Properties".
Similar(50)
A deeper and longer recession could lead to higher unemployment and subdued wages, which could hit property prices, according to the group.
China stocks fell as renewed worries over the possibility of a tighter monetary policy hit property developers and PetroChina, a market heavyweight, fell on profit taking.
But when the financial crisis hit, property values and the construction industry collapsed, banks needed rescuing, economic growth slowed, joblessness soared (it is now over 21 percent), and government finances fell deeply into deficit.
Mr Penney sees a softening in demand from the current boom's nouveaux riches, whose high-tech wealth is waning.Any crash in equities is likely to hit property hardest in the big three financial centres London, New York and Tokyo.
We need a government that looks at the whole of the housing system, not just the political flashpoints, and leadership that's confident to hit property speculators where it hurts to secure a decent home for everyone.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com