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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

37.2 Million Americans to Travel Memorial Day Weekend

37.2 Million Americans to Travel Memorial Day Weekend

According to the American Automobile Association (AAA), over 37.2 million Americans will journey 50 miles or more from home during the Memorial Day holiday weekend. Read More »


U.S. Mortgage Rates Remain Flat in Mid-May

U.S. Mortgage Rates Remain Flat in Mid-May

According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-May, the average fixed mortgage rate moved just slightly lower following three consecutive weeks of increases. Read More »

Miami Home Prices, Sales Uptick in April

Miami Home Prices, Sales Uptick in April

Miami's single-family home market registered its most robust sales month since December, and median sales prices for all housing types rose in April 2015. Read More »

Mid-Tier U.S. Cities Offer Best Value for Retail Investors

Mid-Tier U.S. Cities Offer Best Value for Retail Investors

Retail real estate investors looking for open-air shopping centers can uncover significant value today in mid-priced major markets. Read More »


Global Property Spotlight

The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces. Read More »


Regional Real Estate News

Last Updated May 22, 2015 9:15 AM ET

North America

According to the American Automobile Association (AAA), over 37.2 million Americans will journey 50 miles or more from home during the Memorial Day holiday weekend.

According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-May, the average fixed mortgage rate moved just slightly lower following three consecutive weeks of increases.

Miami's single-family home market registered its most robust sales month since December, and median sales prices for all housing types rose in April 2015.

Retail real estate investors looking for open-air shopping centers can uncover significant value today in mid-priced major markets.

According to the National Association of Realtors (NAR), despite properties typically selling faster than at any time since mid-2013, existing-home sales slowed in April 2015.

Coldwell Banker's top worldwide sales team called 'The Jills' (Jill Hertzberg and Jill Eber), have just listed the second-most expensive residential property on the market in Miami-Dade County.

Last Updated April 14, 2015 10:56 AM ET

Latin America

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

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

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.

The Gilinski Group and Four Seasons Hotels and Resorts teamed up and announced plans this week for the management of two hotels in Bogota.

Nearly US$3 trillion of the world's private wealth is held in owner-occupied residential properties.

Last Updated May 12, 2015 9:43 AM ET

Europe

According to Knight Frank, vacancy rates across the South East office market of London are at their lowest since 2001, driving rental growth to hit record highs in towns across the region.

As per usual the opinion polls got it wrong, and the Conservative party has won the election with a small majority.

There were fewer properties available to rent nationwide in May 2015 than at any point since 2006, according to the latest quarterly Rental Report by Daft.ie.

According to CBRE's Global Investor Intentions Survey 2015, global real estate investors remain confident and their intentions are expansionary, with more than half planning to increase their acquisitions in 2015.

According to Cushman & Wakefield, Central London investment activity totaled £4.26 billion ($6.46 billion) in Q1 2015.

Through an open competitive bid, the City of Moscow has selected Cushman & Wakefield for the systematization, classification and structural analysis of Moscow office real estate market.

Last Updated May 21, 2015 8:54 AM ET

Asia Pacific

According to CBRE's latest Tokyo quarterly office survey for April 2015, the average expected yields (based on NOI) in major areas of Tokyo declined across all sectors.

According to a new report from CBRE, a series of factors are converging to create global opportunities for Transit Oriented Developments (TODs) that are 'city changing' in scale.

According to a new report by CBRE, How Global is the Business of Retail?, Tokyo is the world's hottest city for new retailer expansion, attracting 63 new retail brands.

Based on a new report by CBRE, overall vacancy in Asia in Q1, 2015 increased for the first time in two years rising to 9%, due to slower leasing activity and the large volume of new office supply scheduled for completion in 2015.

The Asia Pacific region demand for logistics space was driven by three sectors in the first quarter of 2015 that included e-commerce, automotive and manufacturing.

Global shopping center development continues to grow with a total of 11.4 million sq. m. of new shopping center space opening in 2014.

Last Updated May 21, 2015 9:20 AM ET

Middle East and Africa Pacific

Dubai's real estate regulatory changes have gradually and successfully contained a market that was in danger of overheating with the level of transactional activity now dramatically reduced.

The first quarter of 2015 has seen office rents stabilize across Dubai's prime and secondary markets, following a slowdown in the rate of rent increases during Q4 2014.

According to Cluttons, Bahrain's office market has remained muted in the first quarter of 2015.

The stabilization of rents across Sharjah's residential property market has resulted in rental costs remaining unchanged during Q1 2015, following a 23.9% increase in 2014.

With oil prices at multi-decade lows, Abu Dhabi's on-going drive for economic diversification is helping to underpin growth in the emirate's commercial property market sector.

Oman's continued investment in the development of infrastructure is aiding its transformation into a major logistics hub in the southern Gulf.

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