THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Top 5 U.S. Housing Markets Buyers Most Likely to Move Revealed

Top 5 U.S. Housing Markets Buyers Most Likely to Move Revealed

The U.S. housing markets with the highest pre-mover indices during the third quarter of 2017 were Colorado Springs, Colorado; Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee. Read More »


Homes Near Luas Cross-City Train Stops Spike 15 Percent in Ireland

Homes Near Luas Cross-City Train Stops Spike 15 Percent in Ireland

According to Ireland property portal Daft.ie, three-bed homes in Ireland near the new Luas cross-city stops saw their values increase by 15% over the last year, compared to a 6% increase in similar homes near other rail stations. Read More »

Explosion of New Residential Units About to Hit Hong Kong Market Soon

Explosion of New Residential Units About to Hit Hong Kong Market Soon

According to JLL's latest Residential Sales Market Monitor released this week, Hong Kong's private residential completed are forecasted to climb 52% from an average of 14,500 flats per year over the last four years to an average of 22,000 flats per year between 2018 and 2021. Read More »

Homeowner Equity in U.S. Increased $871 Billion in Q3

Homeowner Equity in U.S. Increased $871 Billion in Q3

U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have collectively seen their equity increase 11.8 percent year over year, representing a gain of $870.6 billion since Q3 2016. 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 December 12, 2017 9:00 AM ET

North America

The U.S. housing markets with the highest pre-mover indices during the third quarter of 2017 were Colorado Springs, Colorado; Manchester-Nashua, New Hampshire; Chicago, Illinois; Washington, D.C.; and Nashville, Tennessee.

U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have collectively seen their equity increase 11.8 percent year over year, representing a gain of $870.6 billion since Q3 2016.

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value (RCV) of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 1, 2017, U.S. mortgage applications increased 4.7 percent from one week earlier. The prior week's results included an adjustment for the Thanksgiving holiday.

The Greater Las Vegas Association of Realtors is reporting this week that local home prices continued to cool down heading into the holidays, though home prices and sales are still up from one year ago.

According to CoreLogic's latest U.S. Home Price Index and Forecast for October 2017, home prices nationwide are up both year over year and month over month.

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 December 12, 2017 8:00 AM ET

Europe

According to Ireland property portal Daft.ie, three-bed homes in Ireland near the new Luas cross-city stops saw their values increase by 15% over the last year, compared to a 6% increase in similar homes near other rail stations.

The market with the most expensive premium office rent in the world is Central in Hong Kong (€323 per sq. ft) followed by New York's Midtown ($194 per sq. ft).

Global real estate consultant Knight Frank is reporting this week that office take-up in Milan is set to reach 330,000 square meter in 2017, making it the second strongest year on record.

Madrid's occupational market has seen a particularly buoyant period, with the first nine months of 2017 registering the strongest office occupier activity in a decade.

According to global property consultant Knight Frank, Prague was Central Eastern Europe's top performer for office investment in the first nine months of 2017, with a total of €746 million ($888 million USD) worth of assets transacted over this period.

According to JLL, industrial lease deals in Ireland during Q3, 2017 totaled 407,904 sq. ft across 33 deals. This is a decrease of 42% in the quarter, and a 55% decrease compared to Q3 2016.

Last Updated December 11, 2017 8:27 AM ET

Asia Pacific

According to JLL's latest Residential Sales Market Monitor released this week, Hong Kong's private residential completed are forecasted to climb 52% from an average of 14,500 flats per year over the last four years to an average of 22,000 flats per year between 2018 and 2021.

According to JLL, for the second consecutive year, Hong Kong's Central commands the world's most expensive premium office rent, at an average of $323 per sq. ft per annum (about HKD210 per sq. ft per month).

According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 155,600 sq. ft. in October 2017, helping edge rents 0.3%.

Hong Kong led the Asia Pacific region by volume of hotel investment transactions, with 11 deals worth a total of nearly $1.5 billion in the year to September 2017.

2017 is shaping up to be a year like no other. But commercial real estate continues to successfully navigate this uncharted territory.

According to new research from JLL, property technology - or PropTech - start-ups in Asia Pacific are outpacing their counterparts in Europe and the United States with 179 of them raising around $4.8 billion in funding since 2013.

Last Updated November 8, 2017 8:00 AM ET

Middle East and Africa Pacific

With positive government interventions to bring in more investors and diversify Bahrain's real estate market, retail remains a significant area of growth in the Kingdom's property sector.

Oman's GDP growth is expected to rise to 5.2% next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat.

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.


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