The Real Deal - New York Real Estate News

Swedish lawmakers agree to abolish mortgage tax deduction, disagree on timing

Posted: 25 Jul 2021 11:00 AM PDT

Swedish lawmakers are ready to cut a mortgage tax deduction to rein in a runaway housing market, but disagree over when to do it. Home prices in the Scandinavian country shot up nearly 13.2 percent in the first quarter of 2021 from the same period a year earlier, according to Bloomberg. That’s more than the country’s European peers and globally behind only Canada — where regulators are also worried about a bubble. There is a

“Why are we building houses if we don’t have enough water?”: Towns react to scarcity

Posted: 25 Jul 2021 09:00 AM PDT

The increasingly scarce supply of water is starting to have an impact on real estate development in some parts of the Western U.S. Towns and cities have begun restricting housing construction to save their supply of H2O, according to the New York Times. This spring, a small town in Utah imposed a moratorium on new homes connecting to its water system after the municipal supply of spring water began to dry up, according to the

Germany’s Zirkelstein “tabletop” mountain hits market for $235K

Posted: 25 Jul 2021 06:00 AM PDT

A literally picturesque “tabletop” mountain in Germany is on the market for $235,000. The Zirkelstein is part of the Elbe Sandstone Mountains and is Saxon Switzerland’s smallest table hill, according to Zenger News. The property is listed on eBay. The property consists of a wooded hill with a 130-foot-tall sandstone formation at its center, the Zirkelstein’s defining feature. The name translates to “compass stone” and it was named such because someone apparently though it resembled