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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Top 5 Great Winter Ski Getaways in U.S. Revealed

Top 5 Great Winter Ski Getaways in U.S. Revealed

Well, the Holidays are over. The caroling is over. The end-of-year merrymaking is over. And so - perhaps mercifully to some - the Holiday gorging and sweet treats and restaurants and huge dinners at relatives' and friends' homes is over, as well. Read More »


California Home Sales Close 2018 on Downward Trend

California Home Sales Close 2018 on Downward Trend

According to the California Association of Realtors, California home sales declined for the eighth straight month in December 2018, and a stagnating market for much of the year pushed sales lower in 2018 for the first time in four years. Read More »

Commercial Real Estate Investment Plummets in Russia

Commercial Real Estate Investment Plummets in Russia

According to JLL, commercial real estate investment volumes in Russia reached $2.8bn in 2018, down 39% YoY from $4.7bn. Within the total, Q4 2018 investments were $966m, half the levels of Q4 2017. Read More »

Lower Mortgage Rates Boost U.S. Builder Confidence in January

Lower Mortgage Rates Boost U.S. Builder Confidence in January

U.S. builder confidence in the market for newly-built single-family homes rose two points to 58 in January 2019 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Read More »


Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »


Regional Real Estate News

Last Updated January 18, 2019 8:30 AM ET

North America

Well, the Holidays are over. The caroling is over. The end-of-year merrymaking is over. And so - perhaps mercifully to some - the Holiday gorging and sweet treats and restaurants and huge dinners at relatives' and friends' homes is over, as well.

According to the California Association of Realtors, California home sales declined for the eighth straight month in December 2018, and a stagnating market for much of the year pushed sales lower in 2018 for the first time in four years.

U.S. builder confidence in the market for newly-built single-family homes rose two points to 58 in January 2019 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

This is the second year in a row that Silicon Valley earns that distinction even as the winds are shifting in the nation's priciest housing market. Meanwhile, the South is drawing new residents seeking affordability and jobs in some up-and-coming tech markets.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 11, 2019, U.S. mortgage applications increased 13.5 percent from one week earlier.

According to CBRE, the availability rate for U.S. industrial real estate declined by 8 basis points (bps) in the fourth quarter of 2018, while demand for warehouses exceeded the delivery of newly constructed supply by roughly 6 million square feet.

Last Updated January 4, 2019 9:02 AM ET

Latin America

Panama, the winner of the 2019 Global Retirement Index, has been a constant in the Index, but this year marks the 10th time it's reached the #1 spot--climbing from third place to scoop the top prize.

According to a new Global Retirement Index by International Living Magazine, Costa Rica won the top spot for U.S. expats to retire in 2018.

Panama-based Red Frog Beach Island Resort & Spa announced this week the resort's newest amenity, La Rosa Beach Club. The new addition features event and meeting spaces, a bar, a restaurant, a stunning waterfall and an infinity-edge pool.

According to InternationalLiving.com's 2018 Global Retirement Index, Costa Rica takes the top spot for the first time in the index's history.

The recent 7.1 magnitude earthquake that stunned Mexico City (and surrounding states of Mexico, Morelos and Puebla) is now having a strong impact on Mexico's commercial real estate market.

Billionaire real estate developer and U.S. President Donald Trump, who once considered building luxury hotels in Cuba, is getting set to swing a sky-high verbal crane over the tiny Communist-governed nation.

Last Updated January 17, 2019 8:17 AM ET

Europe

According to JLL, commercial real estate investment volumes in Russia reached $2.8bn in 2018, down 39% YoY from $4.7bn. Within the total, Q4 2018 investments were $966m, half the levels of Q4 2017.

Global real estate consultant JLL is report that €3.6 billion of Irish property traded during the year 2018 across nearly 200 deals.

International property consultant Knight Frank reports this week that the average greenfield development land price declined 0.6% in Q4 2018, down from 2.6% growth in Q3, paring annual growth to 0.6%. Labor costs continue to edge up and the relatively weak pound has made imported building materials more costly for homebuilders.

According to international property consultant Knight Frank, the annual change in prices in prime regional housing markets in England and Wales fell for the first time in 18 months in 2018, according to Knight Frank figures.

According to Daft.ie's 2018 Wealth Report, the number of homeowners in Ireland whose property is worth €1m or more - making them "property millionaires" - has surpassed 5,000. The total number of property millionaires now stands at 5,305, a change of 452 or 9% since June of this year.

Residential rents rose nationwide by an average of 11.3% in the year to September 2018. This represents the tenth consecutive quarter in which a new all-time high for rents has been set and also in which annual inflation in rents has been greater than 10%.

Last Updated January 15, 2019 9:00 AM ET

Asia Pacific

Global commercial real estate consultant JLL is reporting this week that Asia Pacific's overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down.

The strike rate of People's Republic of China (PRC) developers in Hong Kong's government land sales market dropped notably in 2018.

According to International property consultant Knight Frank, the average value of residential property across 57 countries and territories worldwide increased by 4.9% in the year to September 2018, the index's lowest annual rate of growth for two years.

According to CBRE, recentralization and a flight to quality are helping to drive an uptick in Brisbane's prime CBD office market, underpinned by record levels of investment in new development projects.

According to a new report from global real estate consultant JLL, Hong Kong's Central District has the world's most expensive rent for premium offices for the fourth year running.

According to Singapore-based real estate consulting firm Edmund Tie & Company, Singapore's private residential market was affected by the latest round of Government cooling measures, which was announced on July 5th, 2018 and took effect on July 6th.

Last Updated May 29, 2018 8:01 AM ET

Middle East and Africa Pacific

According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

The Abu Dhabi property market heavily favored renters and buyers in Q1 of 2018, with market data showing price decreases in all areas. both apartments and villas across the sales and rental sectors became increasingly affordable in Q1.

According to STR, hotels across the Middle East reported mixed Q1 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

Residential rents across Dubai registered no change during the first quarter of 2018, helping improve the annual rate of change to -3.1%, from -7.7% at the end of last year.

According to STR, hotels in the Middle East reported mixed performance results in January 2018, while hotels in Africa posted growth across the three key performance metrics.

According to STR, hotels in the Middle East reported negative 2017 performance results, while hotels in Africa posted growth across the three key performance metrics.


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