THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

New Home Mortgage Applications in U.S. Decrease 7.5 Percent Annually

New Home Mortgage Applications in U.S. Decrease 7.5 Percent Annually

According to the Mortgage Bankers Association, the Mortgage Bankers Association Builder Applications Survey data for September 2017 shows mortgage applications for new home purchases in the U.S. decreased 7.5 percent compared to September 2016. Read More »


Serious Delinquency Home Loans in U.S. at 10-Year Low

Serious Delinquency Home Loans in U.S. at 10-Year Low

According to CoreLogic's latest Loan Performance Insights Report, at a national level, 4.6 percent of mortgages in the U.S. were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017. Read More »

Office Vacancy Rates Dip to 12.9 Percent in the U.S.

Office Vacancy Rates Dip to 12.9 Percent in the U.S.

According to CBRE, vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace for declines. Read More »

With Fast Rising Rents in U.S., Housing Vouchers Don't Keep Up

With Fast Rising Rents in U.S., Housing Vouchers Don't Keep Up

According to a new report by Zillow, federal housing vouchers in the U.S. for low-income renters are too low to cover the market rent in many of the nation's job centers - making them unusable for millions of renters seeking assistance to cover housing costs. 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 16, 2017 9:00 AM ET

North America

According to the Mortgage Bankers Association, the Mortgage Bankers Association Builder Applications Survey data for September 2017 shows mortgage applications for new home purchases in the U.S. decreased 7.5 percent compared to September 2016.

According to CoreLogic's latest Loan Performance Insights Report, at a national level, 4.6 percent of mortgages in the U.S. were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017.

According to CBRE, vacant office space in the U.S. declined by 10 basis points (bps) during the third quarter of 2017 (Q3 2017) dropping to 12.9 percent. Continuing a recent pattern, suburban office markets continued to set the pace for declines.

According to a new report by Zillow, federal housing vouchers in the U.S. for low-income renters are too low to cover the market rent in many of the nation's job centers - making them unusable for millions of renters seeking assistance to cover housing costs.

A total of 191,824 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in the third quarter, down 13 percent from the previous quarter and down 35 percent from a year ago to the lowest level since Q2 2006

According to Cushman & Wakefield, a strong tech sector and the effects of a robust construction pipeline influenced U.S. office fundamentals during 2017's third quarter.

Last Updated September 29, 2017 9:03 AM ET

Latin America

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.

According to InternationalLiving.com's 2017 Global Retirement Index, Mexico gets top marks as the best place to retire based on cost of living, retiree benefits, climate, healthcare, and more.

Cuban President Raul Castro has confronted U.S. President-Elect Donald J. Trump's hardball pitch to possibly break up President Obama's one year-old detente with the Communist island nation with a hardball gesture of his own.

Last Updated October 10, 2017 9:29 AM ET

Europe

Global real estate adviser Knight Frank's newly appointed European Capital Markets Board are optimistic for the future of the European real estate markets

According to a report by real estate consultant JLL and The Business of Cities, London, New York, Paris, Singapore, Tokyo, Hong Kong and Seoul are among the seven most competitive cities in the world.

According to JLL, over $1.5 billion of Irish commercial properties have traded so far in 2017. While this is lower than 2016, last year was an exceptional year.

Office rents in London's skyscrapers are the highest in Europe as companies continue to pay a premium for space in the city's tallest buildings.

29 percent of real estate professionals are now feeling optimistic about UK's commercial real estate market.

The Central Business District office market of Moscow contains a hidden imbalance, which is represented by a shortage of large offices. This will raise landlord confidence and stimulate rental rents growth in the near future.

Last Updated October 11, 2017 8:00 AM ET

Asia Pacific

Outbound Japanese real estate investment rises 23% year-over-year to $1.3 billion, development investment activity was also brisk, and indirect property investment via funds is set to increase in the coming year.

Hong Kong is once again the world's highest-priced office market according to CBRE's semi-annual Global Prime Office Rents survey.

According to a new CBRE thought leadership paper, circa $300 billion worth of Australian residential assets could be owned by institutional investors within the next couple of decades if the multifamily sector evolves in the same vein as the US.

According to CBRE, Australia's commercial real estate remains an attractive asset class for offshore capital, with foreign investors accounting for 33% of all transaction activity in the first half of 2017.

According to the latest research from CBRE, global real estate continues to serve as an attractive asset class for investors, with Asian outbound investment into the sector posting significant year-on-year gains in the first half of 2017.

According to CBRE's Towards 2020: China Investment Strategy report, commercial property transactions in China will grow to RMB 260 billion ($39 billion USD) by 2020, a 45% increase from 2016.

Last Updated September 7, 2017 8:09 AM ET

Middle East and Africa Pacific

According to the latest property report from Cluttons, as the UAE government pioneers fiscal adjustment in the region in response to declining oil prices, milestones such as Expo 2020 and the introduction of VAT will play a key role in boosting the country's property market.

The recently announced Emirates Towers Business Park is set to become Dubai's most defining commercial development in over 10 years.

Dubai's vision to diversify its economy further and establish itself as a thriving global business hub has accelerated business activity in a number of innovative industries, in turn spurring a new stream of demand for industrial space.

According to the National Association of Realtors, existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new high.

According to STR, the hotel industry in Dubai, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth.

Weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry.


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