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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Making Sense of Brexit: What Happens to UK Property Markets After the Vote?

Making Sense of Brexit: What Happens to UK Property Markets After the Vote?

With the Brexit vote is complete, and the divorce proceedings of the UK from the European Union is now afoot, with considerable uncertainty and no real precedent, the future implications for UK's property markets are significant. Read More »


Ramadan Impacts Middle East Hotels

Ramadan Impacts Middle East Hotels

According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday. Read More »

Middle East Investors Targeting London Properties to Enjoy Significant Price Discounts Post Brexit

Middle East Investors Targeting London Properties to Enjoy Significant Price Discounts Post Brexit

For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years Read More »

Mortgage Rates Remain Near 3-Year Low in U.S.

Mortgage Rates Remain Near 3-Year Low in U.S.

According to Freddie Mac's latest Primary Mortgage Market Survey, the U.S. average fixed mortgage rate remain largely unchanged in mid-June. The low rates continue to be good news for the housing market. 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 June 27, 2016 8:00 AM ET

North America

According to Freddie Mac's latest Primary Mortgage Market Survey, the U.S. average fixed mortgage rate remain largely unchanged in mid-June. The low rates continue to be good news for the housing market.

Hard to believe it's almost the Fourth of July. And here are my favorite places to spend this happy holiday...some with "fireworks" all weekend, and others with a relaxed, laid-back vibe that just invites you to let go of all your cares...

According to the National Association of Realtors, U.S. existing-home sales sprang ahead in May 2016 to their highest pace in almost a decade.

Does paying all cash for a home give me an upper hand over other offers that require financing?

According to new research conducted for Irvine, Ca-based loanDepot -- with the U.S. presidential elections fast approaching -- one in five Americans (21%) say a candidate's housing and finance policies will influence their vote.

Soon the Panama Canal Authority (ACP) will officially open its new gates

Last Updated June 3, 2016 11:00 AM ET

Latin America

The developer of West Enclave, a Ritz-Carlton Reserve Residence, located in Los Cabos, Mexico, has opened sales to the public for a limited collection of 27 single-family Residences, following $70 million in pre-sales.

A vast majority of real estate investors intend to increase their property acquisitions in 2016.

Economic growth has significantly moderated in Latin America's leading economies of Brazil, Mexico, Colombia, Peru and Chile.

In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today.

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!

Last Updated June 28, 2016 8:00 AM ET

Europe

With the Brexit vote is complete, and the divorce proceedings of the UK from the European Union is now afoot, with considerable uncertainty and no real precedent, the future implications for UK's property markets are significant.

For those invested in the London property market, the deterioration in the value of sterling overnight will have erased any gains in recent years

According to STR, the United Kingdom's hotel industry is in the midst of 30 consecutive months of moving average revenue-per-available-room (RevPAR) growth.

The outcome of the vote will have significant implications for the UK's economy and its relationship with its main trading partners and the rest of the world.

According to CBRE, over €1.1 billion ($1.26 billion USD) was invested into European Outlet Centres in 2015, with transaction volumes more than three times the number recorded three years prior.

Warsaw saw a rapid growth in the supply of office space, which more than doubled the results for the same period in 2015.

Last Updated June 15, 2016 9:00 AM ET

Asia Pacific

Hong Kong has become the world's highest-priced office market as Asia continued to dominate the list of the world's most expensive office locations, accounting for seven of the top ten markets.

According to CBRE's second-edition of Four Quadrants Asia Pacific, as several interest rate cuts were recorded across the region, debt financing turned more active while the equity funding market slowed down.

Asia Square Tower 1 has been sold by a BlackRock advised fund to the Qatar Investment Authority (QIA) at approximately $2.45 billion U.S. dollars.

According to CBRE recently released Greater Pearl River Delta Infrastructure Outlook report, which explores how infrastructure projects in the Greater Pearl River Delta (GPRD) will foster long-term development in the commercial real estate market.

According to CBRE, multi-story warehouses - a warehouse that has more than one floor - is gaining traction in high density markets across Asia.

American retailers - which already operate in more foreign countries on average than their Asian and European peers -- have widened the gap with a more aggressive international expansion pace.

Last Updated June 28, 2016 9:19 AM ET

Middle East and Africa Pacific

According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.

According to Cluttons, office rents in Dubai's prime free zones held firm during the first quarter of 2016, as occupancy levels remained high in core areas such as Dubai International Financial Centre, Dubai Media City and Dubai Knowledge Village.

Global real estate consultancy Cluttons has launched The Next Big Thing, an international competition which invites entrants from the UAE to outline a concept which will help to turn the world's 'slums' into legitimate, sanitary and productive communities.

According to analysts at the recent Dubai Property Show London 2016, British citizens have emerged as the second largest investors in Dubai real estate.

Abu Dhabi's largest property developer - Aldar Properties - is reporting this week that work is progressing across all aspects of the development West Yas, Aldar's first villa community on Yas Island.

According to UAE property portal Bayut, moving further away from previous year's dormant second half, UAE's real estate market remained stable in the first quarter of 2016.

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