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Luxury Home Price Appreciation Slows in U.S.

Luxury Home Price Appreciation Slows in U.S.

According to Redfin, luxury home prices in the U.S. rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018. This is lower growth than in the first quarter, when prices were up 7.3 percent. Read More »


U.S. Home Prices Reach New All-Time High in Q2

U.S. Home Prices Reach New All-Time High in Q2

According to the National Association of Realtors, amidst staggeringly low inventory levels in much of the country during the second quarter of 2018, existing-homes sales cooled and home prices maintained their robust level of appreciation. Read More »

Miami Condo Sales Takeoff in Mid 2018

Miami Condo Sales Takeoff in Mid 2018

According to the Miami Association of Realtors, Miami-Dade County existing condominium sales surged 5.6 percent in 2Q 2018 as median prices for all properties rose for the 26th consecutive quarter. Read More »

After Explosive Price Growth, Las Vegas Home Values Level Off

After Explosive Price Growth, Las Vegas Home Values Level Off

According to the Greater Las Vegas Association of Realtors, local home prices are leveling off this summer as the housing supply has stopped shrinking but still remains tight. Read More »


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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 »


Regional Residential Real Estate News

Last Updated August 14, 2018 9:08 AM ET

North America

According to Redfin, luxury home prices in the U.S. rose 5.2 percent year over year to an average of $1.9 million in the second quarter of 2018. This is lower growth than in the first quarter, when prices were up 7.3 percent.

According to Florida Realtors, the second-quarter of 2018 saw increased sales, higher median prices and more new listings across a number of Florida's housing markets.

Property listings portal Zillow is now reporting that over the next year, 23 more cities across the U.S. will make Zillow's "$1 Million City List," defined as a city with a median home value of $1 million or more.

According to the National Association of Home Builders / Wells Fargo Housing Opportunity Index, rising U.S. home prices and interest rates pushed housing affordability to a 10-year low in the second quarter of 2018.

According to Freddie Mac most recent Primary Mortgage Market Survey, U.S. mortgage rates were mostly unchanged the first week of August 2018, but did ease up slightly.

According to the National Association of Realtors, amidst staggeringly low inventory levels in much of the country during the second quarter of 2018, existing-homes sales cooled and home prices maintained their robust level of appreciation.

Last Updated January 11, 2018 8:35 AM ET

Latin America

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

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.

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.

Economic growth has significantly moderated in Latin America's leading economies of Brazil, Mexico, Colombia, Peru and Chile.

Last Updated August 7, 2018 8:00 AM ET

Europe

A new research by price comparison website MoneySuperMarket reveals that the UK is the most expensive location to raise a family in Europe.

According to Irish property portal Daft.ie, home buyers in Ireland are paying up to 32% more for a property with a sea-view. The research, conducted by economist Ronan Lyons, analyzed over half a million property listings.

The value of homes at number 13 are typically €4,700 ($5,500.00 USD) cheaper than the average Irish property of €254,000 ($296,000) avg. house price nationwide based on Q2 2018 Daft.ie House Price Report.

According to Irish property portal Daft.ie, home prices nationally rose by 2.7% during the second quarter of 2018. The average price nationwide during the second quarter was €254,000, 5.6% higher than a year ago.

According to the 2018 Daft.ie Wealth Report, the number of homeowners in Ireland whose property is worth €1m or more - making them "property millionaires" - has surpassed 4,500.

According to new research from Daft.ie, residential rents for properties close to Ireland's light-rail DART train stations and Luas stops rose by 3% to an average of €1,770 per month in the first three months of 2018.

Last Updated August 1, 2018 9:02 AM ET

Asia Pacific

To minimize the impact of the new vacancy tax, developers are likely to switch more unsold luxury flats from the sales to leasing market.

According to JLL's mid-year 2018 Hong Kong property forecast, the upward march of housing prices will slow in the second half after the Government introduced a new vacancy tax and restrictions on the Pre-sale Consent Scheme.

Increased vigilance on the part of policymakers keen to use macro prudential measures to curb price inflation along with escalating affordability constraints are keeping a lid on urban property price growth, worldwide.

Global property consultant JLL is reporting this month the extended stamp duty rebate window has failed to help home upgraders in Hong Kong.

According to a new report by JLL titled "Bridging the Housing Gap", millennials in Asia are now sharing more than work spaces and transport. They have turned to living together in a new form of shared housing where residents have common interests and lifestyles.

Hong Kong's housing market continued to reach new heights in December, capping off a year that saw capital values advance at their fastest pace in five years. Capital values of mass residential properties increased by 1.3% m-o-m in December to lift full-year growth to 15.8 percent.

Last Updated May 7, 2018 9:12 AM ET

Middle East and Africa Pacific

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.

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 property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016).

Oman's GDP growth is expected to rise to 5.2% next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat.

According to the latest property report from Cluttons, as the UAE government pioneers fiscal adjustment in the region in response to declining oil prices, milestones such as Expo 2020 and the introduction of VAT will play a key role in boosting the country's property market.

According to the National Association of Realtors, existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high.

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