WPJ News | World Property Journal: The leading online source for Real Estate News

Welcome to World Property Journal news, the online news authority for Real Estate News and stories. WPC features original News about Real Estate and Real Estate articles from topics ranging from Real Estate Market news, Real Estate Financial News and local property market news. Learn More about WPC

WPC provides timely, accurate and unique real estate news stories and content to readers in the USA, in multiple languages and across every continent.

Find Real Estate News stories on your mobile device by downloading our Real Estate News App.

Industrial Real Estate Being Added to Global Investors' Portfolios

Industrial Real Estate Being Added to Global Investors' Portfolios

Strong international investor appetite for logistics real estate fuelled by e-commerce growth and demand for last-mile logistics, combined with an abundance of institutional capital in the global market, is driving increased investment in the sector that is expected to continue in 2018. Read More »


Mortgage Delinquency Rates in U.S. Lowest in Over a Decade

Mortgage Delinquency Rates in U.S. Lowest in Over a Decade

Nationally, 5 percent of U.S. mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in September 2017. Read More »

Knight Frank Makes 2018 Commercial Market Predictions for U.K.

Knight Frank Makes 2018 Commercial Market Predictions for U.K.

This week global real estate consultant Knight Frank made its UK commercial real estate predictions for 2018. Read More »

Average Down Payment For U.S Home Purchase Reaches New High of $76,645

Average Down Payment For U.S Home Purchase Reaches New High of $76,645

The median down payment for single family homes and condos purchased with financing in the third quarter was $20,000. Read More »


Luxury 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 »


Last Updated December 15, 2017 8:29 AM ET

Asia Pacific Real Estate News

The combined level of commercial and multifamily mortgage debt outstanding increased by $45.4 billion, or 1.5%, to $3.11 trillion in the third quarter of 2017.

U.S. mortgage applications for new home purchases increased 12.2 percent compared to November 2016. Compared to October 2017, applications decreased by 6 percent relative to the previous month.

The U.S. housing markets with the highest pre-mover indices during the third quarter of 2017 were Colorado Springs, Colorado; Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee.

According to Ireland property portal Daft.ie, three-bed homes in Ireland near the new Luas cross-city stops saw their values increase by 15% over the last year, compared to a 6% increase in similar homes near other rail stations.

Hong Kong's private residential completed are forecasted to climb 52% from an average of 14,500 flats per year over the last four years.

U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have collectively seen their equity increase 11.8 percent year over year, representing a gain of $870.6 billion since Q3 2016.

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.

The market with the most expensive premium office rent in the world is Central in Hong Kong (€323 per sq. ft) followed by New York's Midtown ($194 per sq. ft).

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 1, 2017, U.S. mortgage applications increased 4.7 percent from one week earlier. The prior week's results included an adjustment for the Thanksgiving holiday.

According to JLL, for the second consecutive year, Hong Kong's Central commands the world's most expensive premium office rent, at an average of $323 per sq. ft per annum (about HKD210 per sq. ft per month).

The Greater Las Vegas Association of Realtors is reporting this week that local home prices continued to cool down heading into the holidays, though home prices and sales are still up from one year ago.

Global real estate consultant Knight Frank is reporting this week that office take-up in Milan is set to reach 330,000 square meter in 2017, making it the second strongest year on record.

According to CoreLogic's latest U.S. Home Price Index and Forecast for October 2017, home prices nationwide are up both year over year and month over month.

According to Zillow, rising U.S. housing rents are eating up an increasingly large share of American incomes, costing the typical renter $2,000 per year.

Madrid's occupational market has seen a particularly buoyant period, with the first nine months of 2017 registering the strongest office occupier activity in a decade.

Shopping centers of the future will become just 'centers' by reinventing themselves as mixed-use destinations and adding healthcare, educational and leisure uses.

According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 155,600 sq. ft. in October 2017, helping edge rents 0.3%.

It's ski season! And ski buffs all over America - and all over the world - are busy getting their equipment together, waxing their skis, and looking at their calendars.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate inched lower in the U.S> in late November 2017. The 30-year fixed mortgage rate fell two basis points to 3.9 percent in this week's survey.

pending U.S. home sales rebounded strongly in October 2017 following three straight months of diminishing activity, but still continued their recent slide of falling behind year ago levels. All major regions except for the West saw an increase in contract signings last month.

×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO