THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Manhattan Residential Rents Start to Slip in 2018

Manhattan Residential Rents Start to Slip in 2018

Residential rents are falling due to a rapid increase in rental development in 2018. With a new cycle peak for inventory, rents there, as in much of the nation, will likely maintain a trend of moderation. Read More »


 New Home Sales in U.S. Inch Down in April

New Home Sales in U.S. Inch Down in April

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, U.S. sales of newly built, single-family homes edged down 1.5 percent in April 2018 to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March 2018 report. Read More »

Next U.S. Recession Will Begin in 2020, Says Zillow Study

Next U.S. Recession Will Begin in 2020, Says Zillow Study

According to a newly released Home Price Expectations Survey by Zillow, the United States will likely enter the next recession in 2020. The quarterly survey asked more than 100 real estate experts and economists about their predictions for the housing market Read More »

Coworking Operators Now Manhattan's Fastest Growing Office Users

Coworking Operators Now Manhattan's Fastest Growing Office Users

According to a new CBRE report, coworking companies and other third-party flexible space operators now occupy 9.2 million sq. ft. in the Manhattan office market. 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 May 24, 2018 8:34 AM ET

North America

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, U.S. sales of newly built, single-family homes edged down 1.5 percent in April 2018 to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March 2018 report.

Residential rents are falling due to a rapid increase in rental development in 2018. With a new cycle peak for inventory, rents there, as in much of the nation, will likely maintain a trend of moderation.

According to a new CBRE report, coworking companies and other third-party flexible space operators now occupy 9.2 million sq. ft. in the Manhattan office market.

According to a newly released Home Price Expectations Survey by Zillow, the United States will likely enter the next recession in 2020. The quarterly survey asked more than 100 real estate experts and economists about their predictions for the housing market

According to the Real Estate Board of New York's latest bi-annually Manhattan Retail Report, Manhattan's retail market correction continued this spring with per square foot ground floor retail average asking rents declining year-over-year in 9 of the 17 high-profile corridors.

Orlando's median home price jumped more than 10 percent in April 2018 (when compared to April 2017), while sales likewise saw an increase of more than 8 percent. Inventory declined by nearly 11 percent compared to this time last year.

Last Updated March 5, 2018 8:00 AM ET

Latin America

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.

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.

Last Updated May 10, 2018 8:17 AM ET

Europe

£765 million ($1.04 billion USD) of real estate transactions took place in the West End in the first quarter of 2018 compared to £2.13 billion ($2.89b USD) in Q1 2017 -- a 64 percent annual drop.

According to a new report JLL, despite trade tensions and elevated stock market volatility, investors are still seeking value in real estate with global investment in the first quarter of 2018 hitting the highest Q1 level in 10 years at $165 billion.

Investment volumes into the UK's specialist property sector have significantly increased to reach an unprecedented £17.7 billion, a 40% increase on last year, and will continue to increase.

UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018.

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.

According to the latest Ireland House Price Report released this week by property website Daft.ie, Ireland home prices nationally rose by 2.5% during the first three months of 2018.

Last Updated May 15, 2018 9:00 AM ET

Asia Pacific

The rise of e-commerce is expected to post significant growth and disrupt the local retail market in next few years.

According to JLL, Hong Kong remains uniquely globally-oriented within China's system of cities. The Special Autonomous Region (SAR) continues to act as a linking point between Mainland China and the world.

According to JLL's latest Property Market Monitor report, strong leasing momentum driven by tenant decentralization and sustained expansionary requirements from PRC occupiers has pushed rents up in the office market as a whole.

Cities in Asia Pacific and worldwide are getting smarter, but they must be ready for the Cyber security risks that accompany the growing adoption of tech-enabled real estate and infrastructure.

Increased interest in self-storage facilities, data centers, student accommodation, education and aged care as investors chase yield

Based on new CBRE Research released this week entitled, The Tech Evolution is Ushering in Shared Logistics, the increasing use of automation is real and impacting Japan's logistics sector in a significant way.

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.

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.

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).


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