THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Top 5 Artsiest Hotels in America Revealed

Top 5 Artsiest Hotels in America Revealed

Time was - only a decade or two ago - that a hotel was just a place for the weary traveler to lay his/her head for the night. And many hotels looked pretty much the same. Read More »


U.S. Remodeling Index Dips in Early 2018

U.S. Remodeling Index Dips in Early 2018

The National Association of Home Builders' Remodeling Market Index posted a reading of 57 in the first quarter of 2018, down three points from the previous quarter and back to the same level as the third quarter of 2017. Read More »

Orlando Home Prices Continue to Rises in March, Up 6 Percent Annually

Orlando Home Prices Continue to Rises in March, Up 6 Percent Annually

Orlando's median home price rose 6 percent in March 2018 when compared to March of last year while sales held steady with a slight 1 percent increase. Read More »

Homes in U.S. Sold Faster than Ever in 2017, Says Zillow

Homes in U.S. Sold Faster than Ever in 2017, Says Zillow

According to data from Zillow, home shoppers should be prepared to move quickly when they find a home they want, as homes sold at their fastest pace on record in 2017. 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 20, 2018 9:00 AM ET

North America

Time was - only a decade or two ago - that a hotel was just a place for the weary traveler to lay his/her head for the night. And many hotels looked pretty much the same.

The National Association of Home Builders' Remodeling Market Index posted a reading of 57 in the first quarter of 2018, down three points from the previous quarter and back to the same level as the third quarter of 2017.

Orlando's median home price rose 6 percent in March 2018 when compared to March of last year while sales held steady with a slight 1 percent increase.

According to data from Zillow, home shoppers should be prepared to move quickly when they find a home they want, as homes sold at their fastest pace on record in 2017.

A national rent increase of 2.8 percent in January 2018, compared to 2.6 percent in January 2017. Low rental home inventory fuels the growth of single-family rent prices.

According to new research from the Up for Growth National Coalition, ECONorthwest, and Holland Government Affairs, from 2000 to 2015, the U.S. fell 7.3 million units short of meeting housing demand.

Last Updated March 5, 2018 8:00 AM ET

Latin America

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.

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.

Last Updated April 10, 2018 9:00 AM ET

Europe

UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018.

According to new research from Daft.ie, residential rents for properties close to Ireland's light-rail DART train stations and Luas stops rose by 3% to an average of €1,770 per month in the first three months of 2018.

According to the latest Ireland House Price Report released this week by property website Daft.ie, Ireland home prices nationally rose by 2.5% during the first three months of 2018.

According to JLL, Russia's real estate investments reached $728 million in Q1 2018, down 8% Year-over-Year from $792 million invested in Q1 2017.

According to global hotel industry consultant STR, there are 184,299 hotels comprising 16,966,280 million rooms around the world in the first quarter of 2018. That number of rooms represents a 17.7% increase over the last 10 years.

According to the latest research from global property adviser Knight Frank, European commercial property investment hit €231.8 billion in 2017 after €80.7 billion was transacted in Q4, resulting in an 8.4 per cent increase on last year.

Last Updated April 18, 2018 9:01 AM ET

Asia Pacific

Cities in Asia Pacific and worldwide are getting smarter, but they must be ready for the Cyber security risks that accompany the growing adoption of tech-enabled real estate and infrastructure.

Increased interest in self-storage facilities, data centers, student accommodation, education and aged care as investors chase yield

Based on new CBRE Research released this week entitled, The Tech Evolution is Ushering in Shared Logistics, the increasing use of automation is real and impacting Japan's logistics sector in a significant way.

Not only is it one of the top retirement havens for Australians, but with more than 250 courses scattered throughout Thailand, it has fast become a golfer's dream. Because of such, the editors at International Living Australia have just pinpointed the best golf courses in Thailand for 2018.

Japan can expect to see robust investment by Asia Pacific-focused closed-end real estate funds over the next three years. CBRE also predicts the following capital deployment trends across Asia Pacific by private equity real estate funds through 2020.

A tight vacancy environment and rising rents continues to drive larger occupiers to seek office space beyond Central into other submarkets on Hong Kong Island, including Hong Kong East.

Last Updated February 27, 2018 7:56 AM ET

Middle East and Africa Pacific

According to STR, hotels in the Middle East reported mixed performance results in January 2018, while hotels in Africa posted growth across the three key performance metrics.

According to STR, hotels in the Middle East reported negative 2017 performance results, while hotels in Africa posted growth across the three key performance metrics.

According to property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016).

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.


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