THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

China's New Ping An Finance Center Now Fourth Tallest Building in the World

China's New Ping An Finance Center Now Fourth Tallest Building in the World

The Council on Tall Buildings and Urban Habitat (CTBUH) is pleased to announce that Ping An Finance Center is officially complete according to CTBUH criteria. Read More »


Best U.S. Markets for Buying Single Family Rental Homes in 2017 Revealed

Best U.S. Markets for Buying Single Family Rental Homes in 2017 Revealed

ATTOM Data Solutions has just released its Q1 2017 Single Family Rental Market Report, which ranks the best U.S. markets for buying single-family rental properties in 2017. Read More »

Cash Sales Make Up Least Percentage of Total Home Sales Since 2007

Cash Sales Make Up Least Percentage of Total Home Sales Since 2007

According to CoreLogic, cash sales accounted for 33.1 percent of total U.S. home sales in December 2016, down 1.3 percentage points year over year from December 2015. Read More »

Mortgage Rates in U.S. Drop, Signaling Continued Market Uncertainty

Mortgage Rates in U.S. Drop, Signaling Continued Market Uncertainty

According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average mortgage rate in the U.S. dropped in late March after two consecutive weeks of increases. 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 March 28, 2017 8:00 AM ET

North America

ATTOM Data Solutions has just released its Q1 2017 Single Family Rental Market Report, which ranks the best U.S. markets for buying single-family rental properties in 2017.

According to CoreLogic, cash sales accounted for 33.1 percent of total U.S. home sales in December 2016, down 1.3 percentage points year over year from December 2015.

According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average mortgage rate in the U.S. dropped in late March after two consecutive weeks of increases.

As the winter snows melt and springtime comes to the vast expanses of the American West, the land comes alive. And one of the best ways to experience the awakening West is on a ranch.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes continued to expand, rising 6.1 percent in February to a seasonally adjusted annual rate of 592,000 units.

According to CBRE's new released Global Investor Intentions Survey for 2017, stronger economic growth, the availability of debt capital, and a more positive outlook from investors is expected to drive global capital flows in 2017.

Last Updated February 16, 2017 8:00 AM ET

Latin America

More than 33,830 rooms in 199 hotel projects are under contract in the Caribbean and Mexico. The total represents a 4.4% increase in rooms under contract compared with January 2016.

According to InternationalLiving.com's recently released 2017 Global Retirement Index, the top retirement destination in the world this year now goes to Mexico.

According to InternationalLiving.com's 2017 Global Retirement Index, Mexico gets top marks as the best place to retire based on cost of living, retiree benefits, climate, healthcare, and more.

Cuban President Raul Castro has confronted U.S. President-Elect Donald J. Trump's hardball pitch to possibly break up President Obama's one year-old detente with the Communist island nation with a hardball gesture of his own.

According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week.

U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.

Last Updated March 21, 2017 9:31 AM ET

Europe

According to global real estate consultant Knight Frank, fears that London is set to lose swathes of bank jobs now look overblown, but finance has been shrinking in importance for the capital's economy and property market for some time.

According to the latest annual Knight Frank Wealth Report, London has beaten New York as the most important global city for ultra-high net worth individuals (UHNWIs) in 2017.

According to Knight Frank's latest U.K. Regional Office Market Report, regional office investment was buoyed by overseas buyers in 2016, with international money accounting for 45% of all investment into offices across the ten U.K. cities tracked.

According to the latest quarterly Rental Report by Daft.ie, residential rents in Ireland rose nationwide by an average of 13.5% in the year to December 2016.

According to JLL, 2016 has been another strong year for office demand in Dublin, with 2.7 million square feet of office space occupied in the last 12 months across 232 deals.

The owners of London's iconic Burlington Arcade, Thor Equities and Meyer Bergman, have announced plans to sell the renowned global luxury retail destination, and have selected global property advisor CBRE to market the property.

Last Updated March 28, 2017 9:00 AM ET

Asia Pacific

The Council on Tall Buildings and Urban Habitat (CTBUH) is pleased to announce that Ping An Finance Center is officially complete according to CTBUH criteria.

Hong Kong is the world's highest-priced office market while European office markets showed the most consistent growth in prime office rent, mostly due to a lack of supply. Belfast (up 25 percent year-over-year) led the way among the 121 cities surveyed.

Asia Pacific real estate investors will be motivated by fundamental investment objectives, including favorable yield spreads and adopting higher risk/return strategies.

Despite office leasing activity slowing around the lunar New Year holidays, the Grade-A office market still recorded a number of notable transactions in January 2017.

Asian outbound real estate investment was dominated by Chinese property investors in 2016, accounting for nearly half of total investment.

Shanghai became the top city for real estate investment in Asia Pacific in Q4 2016. Thanks to a steady stream of transactions at the end of the year.

Last Updated March 20, 2017 8:40 AM ET

Middle East and Africa Pacific

There is a change in ultra high net worth individuals (UHNWI) property investment patterns, driven by political uncertainty, cooling measures and barriers affect traditional markets.

According to international real estate consultant Cluttons, the global economic anxiety and growth slowdown across regional markets has played a significant role in the decreased demand for industrial real estate in Dubai.

According to international real estate consultancy Cluttons, the current 'wait and see' attitude that has been adopted by potential buyers in Abu Dhabi is a direct result of wider global economic trends.

The recent election of Donald Trump as the 45th president of the United States of America is set to cause further uncertainty for the Middle East's real estate market, at least in the short term.

Dubai's average residential property value is down 7.4% during the past twelve months, but rate of decline is expected to slow heading into 2017 before reaching a new base towards the end of next year.

Abu Dhabi's largest property developer announced this week that it has awarded the early works package, valued at AED 155 million ($42m USD), for its flagship golf and waterfront development

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