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THE WORLD PROPERTY JOURNAL

Dubai Home Prices Continue to Implode in 2019

Dubai Home Prices Continue to Implode in 2019

According to the Property Monitor's latest Dubai House Price Index, the average annual house price in Dubai decreased by 12% in March 2019, with some communities registering even higher price declines. Read More »


Home Sellers in U.S. Averaged $57,500 in Price Gains in Q1

Home Sellers in U.S. Averaged $57,500 in Price Gains in Q1

U.S. homeowners who sold in the first quarter of 2019 realized an average price gain of $57,500 since purchase, representing an average 31.5 percent return on the purchase price. Read More »

U.S. New Home Sales Rise in March

U.S. New Home Sales Rise in March

Sales of newly built, single-family homes in the U.S. rose to a seasonally adjusted annual rate of 692,000 units in March 2019. This is the highest sales pace since November 2017. Read More »

Palm Beach Luxury Condo Sales Up in March, Yet Home Sales Down

Palm Beach Luxury Condo Sales Up in March, Yet Home Sales Down

According to the Miami Association of Realtors, Palm Beach County luxury $1-million-and-up condominium sales increased again in March 2019. 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 25, 2019 8:02 AM ET

North America

U.S. homeowners who sold in the first quarter of 2019 realized an average price gain of $57,500 since purchase, representing an average 31.5 percent return on the purchase price.

Sales of newly built, single-family homes in the U.S. rose to a seasonally adjusted annual rate of 692,000 units in March 2019. This is the highest sales pace since November 2017.

According to the Miami Association of Realtors, Palm Beach County luxury $1-million-and-up condominium sales increased again in March 2019.

According to Cushman & Wakefield's latest Silicon Valley's Office and R&D sector report, Silicon Valley's tech space is off to a sluggish start in 2019, after having combined for a robust 2.85 million square feet (msf) of occupancy growth in 2018 -- largely stemming from the office sector.

Existing-home sales retreated in the U.S. in March 2019, following February's surge of sales. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month.

According to a report from the U.S. Housing and Urban Development and Commerce Department, total housing starts fell 0.3 percent in March 2019 to a seasonally adjusted annual rate of 1.14 million units from a downwardly revised reading in February 2019.

Last Updated January 4, 2019 9:02 AM ET

Latin America

Panama, the winner of the 2019 Global Retirement Index, has been a constant in the Index, but this year marks the 10th time it's reached the #1 spot--climbing from third place to scoop the top prize.

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.

Last Updated April 16, 2019 8:03 AM ET

Europe

According to Knight Frank's latest Farmland Index, the average value of bare agricultural land in England and Wales remained virtually unchanged in the first three months of 2019.

According to JLL, national investment deals greater than €1million ($1.13m) in Ireland's commercial property investment market totaled close to €600 million ($675m) in Q1 2019 across 31 deals.

Rising uncertainty surrounding Brexit and its potential impact on the economy tempered growth in Scottish country house prices over the first three months.

According to global property advisor Knight Frank, London home prices declined 0.6% in 2018, but markets are increasingly localized and performance differs greatly by borough.

According to the latest House Price Report by Daft.ie, Ireland housing prices nationally rose by 2.9% during the first three months of 2019.

According to Daft.ie's latest quarterly Ireland Rental Report, while residential rents rose nationwide by an average of 9.8% in the year to December 2018.

Last Updated April 12, 2019 9:04 AM ET

Asia Pacific

Co-living market is taking off in Asia Pacific as more people migrate to cities for jobs or education opportunities. This is opening up new opportunities for real estate developers and investors around the region.

In 2018, flexible workspace centre supply in Kuala Lumpur grew by 36%, making it the fastest growing key city in the APAC region, outpacing fast-growing markets in Gurugram, Chennai, Brisbane, Hong Kong, Sydney and Singapore.

Australia's industrial and office sectors are set to experience the double-digit returns in 2019, making them forecast to be the highest performing asset classes.

Growing interest from China developers in acquiring older buildings for redevelopment in Hong Kong contributed to the Lands Tribunal receiving 39 compulsory sale applications in 2018.

Based on JLL's latest whitepaper Shenzhen's Tech Prosperity Drives Office Demand, technology companies are spurring global demand for office space, and this phenomenon is particularly pronounced in Shenzhen, China.

Thirty one percent of Australian development sites in 2018 were bought by Chinese developers who purchased $1.3 billion worth of Australian residential development sites in 2018. This figure was down from $2.02 billion in 2017, or one-third of all site sales.

Last Updated April 25, 2019 9:01 AM ET

Middle East and Africa Pacific

According to the Property Monitor's latest Dubai House Price Index, the average annual house price in Dubai decreased by 12% in March 2019, with some communities registering even higher price declines.

According to the latest Dubai House Price Index, the average annual home price in Dubai decreased by 10.6% in February 2019, with some communities registering even higher price declines.

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.


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