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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

U.S. Home Sales Jump 4.4 Percent in March

U.S. Home Sales Jump 4.4 Percent in March

According to the National Association of Realtors, existing-home sales took off in March 2017 to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago. Read More »


Residential Rents in U.S. Rise at Slowest Pace in Five Years in March

Residential Rents in U.S. Rise at Slowest Pace in Five Years in March

According to Zillow's March 2017 Real Estate Market Report, residential rents across the country rose 0.7 percent from last March 2016, the slowest rate of appreciation since November 2012, as new construction began to meet renter demand and soften the market. Read More »

Retail Vacancy Rates Dip Across Moscow in Q1

Retail Vacancy Rates Dip Across Moscow in Q1

According to international property consultant JLL, with no new shopping centres delivered to the market in Q1 2017, the vacancy rate in existing retail properties in Moscow declined from 7.5% to 7.2%. Read More »

Falling Rents, Improved Facilities Create Boon for Residential Tenants in Bahrain

Falling Rents, Improved Facilities Create Boon for Residential Tenants in Bahrain

According to international real estate consultancy Cluttons, 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. 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 April 24, 2017 8:06 AM ET

North America

According to the National Association of Realtors, existing-home sales took off in March 2017 to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago.

According to Zillow's March 2017 Real Estate Market Report, residential rents across the country rose 0.7 percent from last March 2016, the slowest rate of appreciation since November 2012, as new construction began to meet renter demand and soften the market.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 14, 2017, U.S. mortgage applications decreased 1.8 percent from one week earlier.

Following an elevated February 2017 reading, nationwide housing starts fell 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units

Deregulation. Or less regulation. That's the magic wand President Donald J. Trump, a homebuilder by birth, is waving over the nation's real estate industry today.

U.S. homebuilder confidence dipped three points in April 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index,

Last Updated February 16, 2017 8:00 AM ET

Latin America

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.

According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week.

U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.

Last Updated April 21, 2017 8:06 AM ET

Europe

According to international property consultant JLL, with no new shopping centres delivered to the market in Q1 2017, the vacancy rate in existing retail properties in Moscow declined from 7.5% to 7.2%.

A government-led delegation of UK investors and developers are set to visit the Middle East to strike deals with investors as they continue to plough their wealth into the UK post-Brexit.

According to global real estate advisory firm JLL, the amount of office space that has been occupied in Dublin in q1 of 2017 has totaled close to 550,000 sq. ft across a total of 40 deals. This is a steady level of take-up, and compared to the same period last year is up 11%.

According to JLL, just over $500 million of Irish property has traded in the first 3 months of 2017. Volumes were boosted by a few large transactions, with one deal greater than $106 million.

The depreciation of the pound, coupled with a slight drop in capital values, has led UK commercial real estate to be discounted by 16% on average by overseas capital.

According to global real estate consultant Knight Frank, fears that London is set to lose swathes of bank jobs now look overblown, but finance has been shrinking in importance for the capital's economy and property market for some time.

Last Updated March 29, 2017 8:08 AM ET

Asia Pacific

According to JLL's latest Hong Kong Residential Sales Market Report released this week, HNA Group and related companies have arguably succeeded in resetting prices in Kai Tak after snatching four residential plots.

The Council on Tall Buildings and Urban Habitat (CTBUH) is pleased to announce that Ping An Finance Center is officially complete according to CTBUH criteria.

Hong Kong is the world's highest-priced office market while European office markets showed the most consistent growth in prime office rent, mostly due to a lack of supply. Belfast (up 25 percent year-over-year) led the way among the 121 cities surveyed.

Asia Pacific real estate investors will be motivated by fundamental investment objectives, including favorable yield spreads and adopting higher risk/return strategies.

Despite office leasing activity slowing around the lunar New Year holidays, the Grade-A office market still recorded a number of notable transactions in January 2017.

Asian outbound real estate investment was dominated by Chinese property investors in 2016, accounting for nearly half of total investment.

Last Updated April 20, 2017 9:00 AM ET

Middle East and Africa Pacific

According to international real estate consultancy Cluttons, 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.

According to international real estate consultant Cluttons, values across Dubai's freehold residential areas slid by 8.8% in 2016, largely in line with Cluttons' original forecast for the year of -10%.

A slowing rate of decline across all sectors of the Dubai real estate market suggests increasing stability and the expectation of the market 'bottoming out' before the end of 2017, but the planned introduction of VAT on January 1, 2018 is already causing nervousness amongst existing commercial tenants.

There is a change in ultra high net worth individuals (UHNWI) property investment patterns, driven by political uncertainty, cooling measures and barriers affect traditional markets.

According to international real estate consultant Cluttons, the global economic anxiety and growth slowdown across regional markets has played a significant role in the decreased demand for industrial real estate in Dubai.

According to international real estate consultancy Cluttons, the current 'wait and see' attitude that has been adopted by potential buyers in Abu Dhabi is a direct result of wider global economic trends.

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