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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

My Top 10 European Villages of 2015 Revealed

My Top 10 European Villages of 2015 Revealed

Europe, perhaps more than any other continent, is known for its picturesque old villages. There are so many, in fact, that we could easily do a travel column on the Top 10 villages in each country! Read More »


Remodelers Remain Confident, Despite Slow Improving Market

Remodelers Remain Confident, Despite Slow Improving Market

This week the National Association of Home Builders' Remodeling Market Index (RMI) posted a reading of 57 in the first quarter of 2015, off slightly from the historically high level of 60 in the last quarter of 2014. Read More »

Mortgage Rates in U.S. Dip in April

Mortgage Rates in U.S. Dip in April

Average fixed mortgage rates moved down slightly this week and remaining near their 2015 lows as the spring home buying season continues. Read More »

U.S. New Home Sales Drop 11.4 Percent in March

U.S. New Home Sales Drop 11.4 Percent in March

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 11.4 percent in March. Read More »


Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »


Regional Real Estate News

Last Updated April 24, 2015 9:00 AM ET

North America

This week the National Association of Home Builders' Remodeling Market Index (RMI) posted a reading of 57 in the first quarter of 2015, off slightly from the historically high level of 60 in the last quarter of 2014.

Average fixed mortgage rates moved down slightly this week and remaining near their 2015 lows as the spring home buying season continues.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 11.4 percent in March.

solid employment gains, attractive mortgage rates, a growing economy and pent-up demand will help keep the housing market moving forward throughout 2015 and into next year.

At the end of the first quarter of 2015 there were 7,341,922 U.S. residential properties seriously underwater.

Miami real estate market continued to gain momentum in March, as single-family home transactions registered double-digit growth year-over-year.

Last Updated April 14, 2015 10:56 AM ET

Latin America

Miami's real estate market remains a top destination for foreign buyers despite economic slowdowns in Latin America and Western Europe.

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

London is still the most important global city for the world's ultra-high-net-worth individual (UHNWI), followed by New York and Hong Kong.

London's West End is the world's most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong.

The Gilinski Group and Four Seasons Hotels and Resorts teamed up and announced plans this week for the management of two hotels in Bogota.

Nearly US$3 trillion of the world's private wealth is held in owner-occupied residential properties.

Last Updated April 24, 2015 10:00 AM ET

Europe

Europe, perhaps more than any other continent, is known for its picturesque old villages. There are so many, in fact, that we could easily do a travel column on the Top 10 villages in each country!

Knight Frank reports this week that prime office rents in London's square mile are higher now than at their peak level in 2007 when the global financial crisis began.

After a number of large-scale malls were delivered to the European market in H2 2014, Russia has now broken France's 43-year reign as Europe's largest shopping centre market.

Central London's office occupiers are starting to expand by taking increasing volumes of space across the capital.

A newly published report by the prestigious Royal & Ancient Golf Club of St Andrews shows there are 34,011 golf facilities in 206 countries.

According to European property developer MGM, British interest in buying a ski property in the French Alps is at its highest level in more than a decade.

Last Updated April 22, 2015 9:00 AM ET

Asia Pacific

Knight Frank reports this week skyscraper prime office rents in New York have dramatically increased by 20% to hit $150.00 per sq ft since July 2014.

CBRE reports this week that global shopping center development continues to grow with a total of 11.4 million square meters (122.7 million square feet) of new shopping center space opened in 2014,

Japan's office market demand is on the rise as Spring approaches, according to a new report by CBRE.

To address the question of how poor air quality in Beijing is impacting China's commercial office markets CBRE has just released a new report.

Tokyo cemented its lead as the top destination in the APAC region for market entries by international retailers, as cities in Asia Pacific saw 464 new retail entrants in 2014.

According to a new report by CBRE, demand for logistics facilities in the Greater Tokyo area remains strong from both occupiers and investors,

Last Updated April 20, 2015 10:05 AM ET

Middle East and Africa Pacific

Despite the emergence of more challenging market conditions, Abu Dhabi prime office rents have seen a slight increase rising by around 3%.

A newly published report by the prestigious Royal & Ancient Golf Club of St Andrews shows there are 34,011 golf facilities in 206 countries.

According to a new report by Knight Frank, an increased number of international investors are investigating opportunities in African real estate markets.

International real estate consultancy Cluttons is reporting that Phase 1 of the new master-planned commercial development called Sohar Port City is now open for business.

A cosmopolitan lifestyle is expected to be among one of the main factors that influence the selection of a real estate investment destinations for Middle East buyers in 2015.

Even with the significant drop in oil prices in the second half of 2014 and the start of 2015, investors from the Middle East continue to have a strong appetite for real estate investment globally.

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