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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Homeownership in U.S. Drops to a 47-Year Low, Now 63.4 Percent in Q2

Homeownership in U.S. Drops to a 47-Year Low, Now 63.4 Percent in Q2

According to the Department of Commerce's Census Bureau, homeownership in the U.S. is at a new 47-year low. Read More »


Panama Canal Expansion is Reshaping America's Ports

Panama Canal Expansion is Reshaping America's Ports

Panama Canal's expansion, the first major renovation the canal has undergone since its opening in 1914, is a milestone that will have a major impact on the global trade industry. Read More »

MBA CEO David Stevens Blasts U.S. Senate Plan to Tax Homebuyers

MBA CEO David Stevens Blasts U.S. Senate Plan to Tax Homebuyers

The Mortgage Bankers Association president and CEO David H. Stevens, issued the following statement last week. Read More »

Despite China Stock Market Volatility, Outbound Property Investment Grows

Despite China Stock Market Volatility, Outbound Property Investment Grows

China driven outbound capital flows to commercial real estate in last four years experienced a compound annual growth rate (CAGR) of approximately 72%. Read More »


Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »


Regional Real Estate News

Last Updated July 28, 2015 11:30 AM ET

North America

According to the Department of Commerce's Census Bureau, homeownership in the U.S. is at a new 47-year low.

Panama Canal's expansion, the first major renovation the canal has undergone since its opening in 1914, is a milestone that will have a major impact on the global trade industry.

The Mortgage Bankers Association president and CEO David H. Stevens, issued the following statement last week.

According to HUD and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units in June 2015.

Remodeler confidence improved to 59 in the second quarter of 2015 as the country sprang back from the severe winter.

According to Freddie Mac's latest Primary Mortgage Market Survey for mid-July, fixed mortgage rates in the U.S. reversed course once again and moving lower amid mixed economic and housing data.

Last Updated June 15, 2015 9:45 AM ET

Latin America

Belize has a new luxury residential project to celebrate these days named after the Mayan god of day and night called Itz'ana Resort & Residences.

With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!

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.

Last Updated July 15, 2015 11:25 AM ET

Europe

U.S. second homebuyers are checking out Europe this summer, with the UK, France and Italy enjoying the lion's share of their interest.

According to Knight Frank, the second quarter of 2015 saw £1.3BN of investment transactions in the South East. , the largest quarter ever, with the exception of Q4 2013.

Yesterday's 'No' vote on the Greek referendum on austerity measures is going to have an impact on property market investments in the region, reports Andrew Burrell, Head of Forecasting at JLL.

According to a new Ireland House Price report by Daft.ie, for the second quarter in a row, growth in house prices in Dublin was significantly slower than elsewhere in the country.

British expats are taking advantage of rising rents and long-term property inflation back home and purchasing buy-to-let.

Tishman Speyer announced this past week the acquisition of 100 New Oxford Street, WC1, a 105,000-square-foot office and retail building in London. It represents Tishman Speyer's third central London acquisition in the past year.

Last Updated July 27, 2015 10:30 AM ET

Asia Pacific

China driven outbound capital flows to commercial real estate in last four years experienced a compound annual growth rate (CAGR) of approximately 72%.

According to CBRE, investment in Asia's property sector turnover grew 12% quarter-on-quarter in Q2 2015 to US$21 billion, despite a 21% year-on-year decline in investment turnover against a strong 2014.

The last couple of weeks have seen concerns over the state of the Chinese economy intensify. This is not surprising given the losses incurred in the Chinese stock market.

With the Chinese government proposing taking a significant step towards removing restrictions on the export of privately held capital under a program called the Qualified Domestic Individual Investor program.

According to CBRE's latest research, overall retail leasing activity in Asia Pacific in Q2, 2015 remained static, with the exception of Tokyo, where activity was robust.

Q2 2015 preliminary data shows global transaction volumes in the second quarter of the year totaled US$161 billion.

Last Updated July 17, 2015 10:42 AM ET

Middle East and Africa Pacific

According to UAE property portal Bayut.com, the first half of the year 2015 saw the real estate sector of Dubai losing the steam it had amassed over the last two years.

Shopping centres across Europe, the Middle East and Africa (EMEA) are now the preferred destination for eating and drinking, says a new report by CBRE.

According to a new report by Wealth-X and the Sotheby's International Realty released this week, ultra wealthy individuals are buying up luxury homes around the world to further diversify their holdings.

According to Phidar Advisory's Q2 mid-quarter Dubai residential research report, shows that residential prices continue to decline in the first six weeks of Q2, compared to Q1-15.

With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!

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.

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