THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

 Hong Kong is Asia's Fastest Growing Hotel Market in 2018

Hong Kong is Asia's Fastest Growing Hotel Market in 2018

According to JLL's latest hotel research, Hong Kong will be the fastest growing hotel market in Asia in 2018. 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. Read More »


New Home Mortgage Applications Jump 8.2 Percent in U.S.

New Home Mortgage Applications Jump 8.2 Percent in U.S.

U.S. mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns. Read More »

California Housing Shortage Issue to Become a Demand Issue in 2019

California Housing Shortage Issue to Become a Demand Issue in 2019

According to a housing and economic forecast released today by the California Association of Realtors, a combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019. Read More »

Flexible Office Space Trend Expanding Rapidly Across All Asia

Flexible Office Space Trend Expanding Rapidly Across All Asia

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. 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 October 15, 2018 8:00 AM ET

North America

U.S. mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns.

According to a housing and economic forecast released today by the California Association of Realtors, a combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019.

A total of 177,146 U.S. properties with foreclosure filings in the third quarter of 2018, down 6 percent from the previous quarter and down 8 percent from a year ago to the lowest level since Q4 2005.

According to the Mortgage Bankers Association's newest Weekly Mortgage Applications Survey for the week ending October 5, 2018, mortgage applications in the U.S. decreased 1.7 percent from one week earlier.

Based on new research by Zillow, housing affordability across the U.S. is especially tough in the nation's urban areas, but in the country's largest metros it's often the suburbs that are the least affordable.

Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.

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 October 1, 2018 9:00 AM ET

Europe

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).

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

Last Updated October 15, 2018 8:30 AM ET

Asia Pacific

According to JLL's latest hotel research, Hong Kong will be the fastest growing hotel market in Asia in 2018. 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.

According to Singapore-based Edmund Tie & Company, private residential property prices in Singapore continued to increase in Q2 2018, with the Urban Redevelopment Authority (URA) private residential property price index increasing by 3.4 per cent quarter-on-quarter (q-o-q).

According to the latest Property Market Monitor released by JLL, Grade A office rents in Hong Kong advanced by 0.7% m-o-m in August, with Wanchai/Causeway Bay posting the strongest growth on the back of robust demand, up 1.0% month-over-month.

Based on a new study by China property portal Juwai.com, international Chinese property buyers are split by lifestyle when buying homes abroad. As Chinese international property buyers become more numerous and sophisticated, they are changing the way they evaluate and purchase overseas real estate.

Asian outbound capital deployment remains robust amid a recent slowdown of Chinese outbound real estate investment. In the first half of 2018, outbound investment activity totaled $25.3 billion, led by Singaporean capital.

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.


Featured International Listings

×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO