THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

 Architecture Firm Billings Dip in U.S.

Architecture Firm Billings Dip in U.S.

According to a new report from the American Institute of Architects, U.S. Architecture firm billings slowed in June 2018, but remained positive for the ninth consecutive month. Read More »


U.S. Mortgage Applications Volume Dips in Mid-July

U.S. Mortgage Applications Volume Dips in Mid-July

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 13, 2018, U.S. mortgage applications decreased 2.5 percent from one week earlier. Last week's results included an adjustment for the Fourth of July holiday. Read More »

Costa Rica's Top 5 Expat Retirement Havens of 2018 Revealed

Costa Rica's Top 5 Expat Retirement Havens of 2018 Revealed

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. Read More »

New Tariffs are Increasing Concern for Homebuilder Industry

New Tariffs are Increasing Concern for Homebuilder Industry

According to the U.S. Department of Housing and Urban Development and the Commerce Department, total U.S. housing starts fell 12.3 percent in June to a seasonally adjusted annual rate of 1.17 million units. 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 July 23, 2018 9:00 AM ET

North America

According to a new report from the American Institute of Architects, U.S. Architecture firm billings slowed in June 2018, but remained positive for the ninth consecutive month.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 13, 2018, U.S. mortgage applications decreased 2.5 percent from one week earlier. Last week's results included an adjustment for the Fourth of July holiday.

According to the U.S. Department of Housing and Urban Development and the Commerce Department, total U.S. housing starts fell 12.3 percent in June to a seasonally adjusted annual rate of 1.17 million units.

According to ATTOM Data Solutions recent analysis of what California's housing market would look like if the state is split into three new states per a proposal that has qualified for the state's November 2018 ballot.

According to CBRE's Q2, 2018 Manhattan Retail Market Report, New York City's retail market continues to evolve as the fundamental demand drivers remain healthy.

According to a new report by Transwestern on mass transit's influence on the U.S. office market, the national average rent in transit-accessible office buildings was 65 percent higher than the average market rent in early 2018.

Last Updated July 20, 2018 9:00 AM ET

Latin America

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.

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.

Last Updated July 13, 2018 8:00 AM ET

Europe

The value of homes at number 13 are typically €4,700 ($5,500.00 USD) cheaper than the average Irish property of €254,000 ($296,000) avg. house price nationwide based on Q2 2018 Daft.ie House Price Report.

According to Irish property portal Daft.ie, home prices nationally rose by 2.7% during the second quarter of 2018. The average price nationwide during the second quarter was €254,000, 5.6% higher than a year ago.

According to global real estate consultant JLL, Russia's commercial real estate investment volumes reached USD1.29bn in H1 2018, down 39% YoY from USD2.13bn in H1 2017, says JLL.

According to the 2018 Daft.ie Wealth Report, the number of homeowners in Ireland whose property is worth €1m or more - making them "property millionaires" - has surpassed 4,500.

£765 million ($1.04 billion USD) of real estate transactions took place in the West End in the first quarter of 2018 compared to £2.13 billion ($2.89b USD) in Q1 2017 -- a 64 percent annual drop.

According to a new report JLL, despite trade tensions and elevated stock market volatility, investors are still seeking value in real estate with global investment in the first quarter of 2018 hitting the highest Q1 level in 10 years at $165 billion.

Last Updated July 16, 2018 8:30 AM ET

Asia Pacific

According to JLL's mid-year 2018 Hong Kong property forecast, the upward march of housing prices will slow in the second half after the Government introduced a new vacancy tax and restrictions on the Pre-sale Consent Scheme.

Increased vigilance on the part of policymakers keen to use macro prudential measures to curb price inflation along with escalating affordability constraints are keeping a lid on urban property price growth, worldwide.

JLL is reporting this week that Asia Pacific's mature economies such as Singapore, Hong Kong and Japan have a significant opportunity to advance real estate transparency through proptech adoption.

Global property consultant JLL is reporting this month the extended stamp duty rebate window has failed to help home upgraders in Hong Kong.

According to JLL's latest Property Market Monitor, rents in Hong Kong's office markets grew at their fastest pace in more than two years amid a tight vacancy environment and an active leasing market.

The rise of e-commerce is expected to post significant growth and disrupt the local retail market in next few years.

Last Updated May 29, 2018 8:01 AM ET

Middle East and Africa Pacific

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.

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.


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