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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Miami's One Thousand Museum Tower Enjoys $1 Million an Hour Sales Rate

Miami's One Thousand Museum Tower Enjoys $1 Million an Hour Sales Rate

The developers of Miami's new and uber-luxe One Thousand Museum reported approximately $24 million in new condo sales contracts signed within 24 hours of their 24-hour concrete pour. Read More »


NAHB Concerned About U.S. Department of Labor's Proposed Overtime Rule

NAHB Concerned About U.S. Department of Labor's Proposed Overtime Rule

Statement from NAHB chairman Tom Woods that could affect multiple occupations in the construction and housing sectors. Read More »

Brickell City Centre to Add Office Tower to Meet Rising Miami Office Demand

Brickell City Centre to Add Office Tower to Meet Rising Miami Office Demand

Landmark $1.05 billion mixed-use project has rebranded its office component to incorporate an additional 130,000 square-foot office tower. Read More »

Mortgage Rates in U.S. Uptick Higher Amid Financial Market Volatility

Mortgage Rates in U.S. Uptick Higher Amid Financial Market Volatility

The averaged fixed mortgage rate ticked higher amid another week of volatile market activity on essentially no new information. Read More »


Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »


Regional Real Estate News

Last Updated September 4, 2015 12:24 PM ET

North America

The developers of Miami's new and uber-luxe One Thousand Museum reported approximately $24 million in new condo sales contracts signed within 24 hours of their 24-hour concrete pour.

Statement from NAHB chairman Tom Woods that could affect multiple occupations in the construction and housing sectors.

Landmark $1.05 billion mixed-use project has rebranded its office component to incorporate an additional 130,000 square-foot office tower.

The averaged fixed mortgage rate ticked higher amid another week of volatile market activity on essentially no new information.

Based on a new report from the Mortgage Bankers Association, mortgage credit availability increased in August according to the Mortgage Credit Availability Index (MCAI).

If you are a businesses looking for office space in the nation's hottest tech markets should expect to pay a premium - and a hefty one in many of the top tech cities across the U.S.

Last Updated August 14, 2015 8:15 AM ET

Latin America

In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today.

Belize has a new luxury residential project to celebrate these days named after the Mayan god of day and night called Itz'ana Resort & Residences.

With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!

Miami's real estate market remains a top destination for foreign buyers despite economic slowdowns in Latin America and Western Europe.

London is still the most important global city for the world's ultra-high-net-worth individual (UHNWI), followed by New York and Hong Kong.

London's West End is the world's most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong.

Last Updated August 28, 2015 11:14 AM ET

Europe

Seattle, Washington: Are you an eco-wanderer or an urban explorer? Ponder for a moment, if you could travel the world, where would you go? Is your calling the pulse of big cities or traveling to destinations accessible only by canoe?

The luxury real estate market on Rhodes is starting to stabilize now that Greece's future in the Euro seems secure, reports international real estate consultancy Engel & Völkers.

Year-on-year inflation in rents eased back slightly between March and June but remains high at 8.6% nationwide.

According to global property advisor Knight Frank, Specialist Property investment is set to achieve a record year, with transaction volumes likely to reach £12bn in 2015.

No cycle lasts forever, and a choppy July in the global financial markets reminds us that historically UK real estate has usually gone into a downturn due to an external shock in the macro-economic environment.

U.S. second homebuyers are checking out Europe this summer, with the UK, France and Italy enjoying the lion's share of their interest.

Last Updated August 31, 2015 8:00 AM ET

Asia Pacific

China's recent rate cut, in reaction to their plummeting stock market, will have a ripple effect across their entire real estate economy going forward, according to new market analysis by CBRE.

According to CBRE data, office vacancy rates and average rents in all three major Japanese cities showed improvement in July 2015.

Private equity, public equity, private debt and public debt--reported an uptick in real estate capital market transactions in the second quarter of 2015 across Asia.

According to CBRE, the total value of real estate investment transactions (those worth at least JPY 1 billion) in Q2 2015 declined 28% y-o-y to JPY 674 billion.

According to Juwai.com's Chinese Purchasing Intent Index for Thailand, the desire by Chinese to buy property in Thailand has outperformed that of larger countries.

Annual China-sourced outbound flows to commercial real estate experienced a compound annual growth rate of 72% to reach over $10 billion for the year 2014.

Last Updated September 1, 2015 10:59 AM ET

Middle East and Africa Pacific

With a 54% decline in oil prices during the past 12 months, UAE real estate market is beginning to feel the effect with property transaction levels falling.

According to UAE property portal Bayut.com, July 2015 saw the Dubai real estate market continuing with price stabilisation, except in the high-end market.

According to CBRE Group, an average of $15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term.

According to UAE property portal Bayut.com, the first half of the year 2015 saw the real estate sector of Dubai losing the steam it had amassed over the last two years.

Shopping centres across Europe, the Middle East and Africa (EMEA) are now the preferred destination for eating and drinking, says a new report by CBRE.

According to a new report by Wealth-X and the Sotheby's International Realty released this week, ultra wealthy individuals are buying up luxury homes around the world to further diversify their holdings.

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