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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Houston Commercial Market Significantly Improved Post Hurricane Harvey and Oil Crisis

Houston Commercial Market Significantly Improved Post Hurricane Harvey and Oil Crisis

The city of Houston's commercial property markets and oil driven economy seem to have fully rebounded, post Hurricane Harvey and depressed oil prices last year. Read More »


Builder Confidence in U.S. Drops in November

Builder Confidence in U.S. Drops in November

The National Association of Home Builders is reporting this week that growing affordability concerns resulted in U.S. builder confidence in the market for newly-built single-family homes falling eight points to 60 in November 2018. Read More »

World's First Global Real Estate Listings Search Engine Launches

World's First Global Real Estate Listings Search Engine Launches

Miami, Fl-based Global Listings, Inc. announced this week that it has now launched and deployed the first worldwide real estate listings Search Platform and Matching Engine on GlobalListings.com. Read More »

Student Debt in U.S. Reduces Buyers' Budget by $100,000 in 2018

Student Debt in U.S. Reduces Buyers' Budget by $100,000 in 2018

According to new research by Zillow, carrying student debt in the U.S., whether for themselves or someone else, limits potential home buyers' budgets by $92,440, leaving fewer homes on the market they can afford. 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 November 20, 2018 9:04 AM ET

North America

The city of Houston's commercial property markets and oil driven economy seem to have fully rebounded, post Hurricane Harvey and depressed oil prices last year.

The National Association of Home Builders is reporting this week that growing affordability concerns resulted in U.S. builder confidence in the market for newly-built single-family homes falling eight points to 60 in November 2018.

Miami, Fl-based Global Listings, Inc. announced this week that it has now launched and deployed the first worldwide real estate listings Search Platform and Matching Engine on GlobalListings.com.

According to new research by Zillow, carrying student debt in the U.S., whether for themselves or someone else, limits potential home buyers' budgets by $92,440, leaving fewer homes on the market they can afford.

Thanksgiving has always been one of my favorite holidays...maybe because it's celebrated by all Americans, of all political stripes, from all corners of the world, and by adherents of all religions.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates moderated in mid-November, after increasing last week.

Last Updated July 20, 2018 9:00 AM ET

Latin America

According to a new Global Retirement Index by International Living Magazine, Costa Rica won the top spot for U.S. expats to retire in 2018.

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.

Last Updated November 12, 2018 9:03 AM ET

Europe

Residential rents rose nationwide by an average of 11.3% in the year to September 2018. This represents the tenth consecutive quarter in which a new all-time high for rents has been set and also in which annual inflation in rents has been greater than 10%.

According to the latest House Price Report by property website, Daft.ie, Ireland home prices nationally rose by 1.3% in the third quarter of 2018. The average price nationwide between June and September 2018 was €257,000, 6.6% higher than a year ago.

According to a new report from global hotel consultancy HVS, tourism numbers to the Hungarian capital of Budapest have risen by 12% over the past three years prompting a recovery in the city's hotel sector and stimulating further demand for vacation property assets.

According to International real estate consultant Savills' 30th annual Financing Property report, the UK property lending market is largely stable as a result of pressure on interest cover ratios (ICRs) and debt yields.

Hotels in the two Russian cities of Moscow and Saint Petersburg recently enjoy the benefits of massive tourism inflows with the recent World Cup Soccer event.

Global real estate consulting firm Knight Frank is reporting this week that in the first half of 2018 £5.6 billion ($7.2 billion USD) of international capital was invested in the London commercial real estate market. Hong Kong was second with £5 billion ($6.4B) and Paris third with £1.9 billion ($2.4B).

Last Updated November 8, 2018 8:09 AM ET

Asia Pacific

The private education market in Asia Pacific is a rising property investment sector, a trend driven by the region's demand for high-quality international schools focusing on English study.

Global commercial property consultant CBRE is reporting this week that grade A vacancy rates haven fallen below one percent in Tokyo, while the cities of Osaka's grade A office rents are now at record high and Nagoya's office market vacancy rates are at a record low.

According JLL's latest Hong Kong-Zhuhai-Macao Bridge and Beyond: Mobility, Connectivity and Collaboration research study, both Hong Kong and Macao will soon benefit from improved transport links in the region.

According to global property consult JLL, Hong Kong, Singapore, Sydney and Tokyo are the preferred locations for data centre investment in Asia Pacific, thanks to the robust infrastructure, connectivity and relative ease of doing business.

Steadily increasing visitor arrivals to Hong Kong have resulted in hotel occupancy rates reaching all-time highs and triggering the return in hotel room rate growth.

According to CBRE Asia Pacific, flexible office space is expanding rapidly across the entire Asia Pacific region driven by maturing occupier requirements for flexible working environments.

Last Updated May 29, 2018 8:01 AM ET

Middle East and Africa Pacific

According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

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.


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