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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

U.S. Multifamily Housing Sector to Continue to Cool in 2017

U.S. Multifamily Housing Sector to Continue to Cool in 2017

According to a group of panelists at the recent National Association of Home Builders International Builders' Show in Orlando last week, the U.S. multifamily housing market will further be tapping on the brakes in 2017. Read More »


Foreign Investment in U.S. Property to Remain Strong in 2017, China Top Investor

Foreign Investment in U.S. Property to Remain Strong in 2017, China Top Investor

The outlook in 2017 for U.S. commercial real estate capital markets continues to be favorable. Read More »

Mortgage Rates in U.S. Move Lower Again in Early 2017

Mortgage Rates in U.S. Move Lower Again in Early 2017

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate moved lower for the second consecutive week in January 2017. Read More »

U.S. Home Buyers Trading Square Footage for Energy Efficient Amenities in 2017

U.S. Home Buyers Trading Square Footage for Energy Efficient Amenities in 2017

According to new consumer research by the National Association of Home Builders (NAHB), the average size of newly built homes decreased in 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 January 16, 2017 8:02 AM ET

North America

According to a group of panelists at the recent National Association of Home Builders International Builders' Show in Orlando last week, the U.S. multifamily housing market will further be tapping on the brakes in 2017.

The outlook in 2017 for U.S. commercial real estate capital markets continues to be favorable.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate moved lower for the second consecutive week in January 2017.

According to new consumer research by the National Association of Home Builders (NAHB), the average size of newly built homes decreased in 2016

Real estate tech startup Global Listings, Inc. has just announced the launch its global online real estate listings search platform, GlobalListings.com.

According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 6, 2017, mortgage applications increased 5.8 percent from one week earlier.

Last Updated January 10, 2017 8:07 AM ET

Latin America

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.

According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week.

U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.

According to STR, hotels in the Central and South America regions recorded mixed results in the three key performance metrics when reported in U.S. dollar constant currency during July 2016.

Last Updated January 3, 2017 8:10 AM ET

Europe

According to the latest Ireland House Price Report released by Daft.ie this week, home prices in Ireland rose by an average of 8% during 2016. The rate of inflation in Dublin was 5.1%, below the national average.

According to analysis from Knight Frank, competition for office assets in Madrid Spain is pushing yields to record low levels. Over €1.1 billion ($1.15b USD) has been invested in Madrid in the first nine months of the year, with Knight Frank predicting investment in 2016 could total €2 billion ($2.1b USD)

According to Ireland property website Daft.ie, the bulk of new properties currently available that qualify for the Governments first-time buyers scheme are located in Dublin and Dublin's commuter counties.

According to JLL, the vacancy rate in main Moscow high-street corridors dropped by 2.8 pp to 10.2% in Q3 2016. Myasnitskaya Street and Patriarshie Prudy stayed at the top.

According to Knight Frank's Q3 Paris Office Market Outlook Report, office take-up in Paris is expected to exceed the long term average as occupier activity remains strong despite Brexit uncertainty.

Central London developer LBS Properties is now underway with work at The Madison, a striking new residential scheme comprising a 53 story landmark tower.

Last Updated January 12, 2017 9:00 AM ET

Asia Pacific

According to global real estate consultant CBRE, Japan's office leasing and investment markets will likely reach a turning point in the cycle in 2017.

According to JLL's Hong Kong Residential Sales Market Report published this week, a rise in borrowing rates and stamp duty taxes are significantly impacting Hong Kong's residential market.

According to JLL's Year-end Hong Kong Property Review 2016 published this week, the launch of Shenzhen-Hong Kong Stock Connect is expected to further support demand from PRC financial services firms in Central Hong Kong.

According to JLL's Year-end Hong Kong Residential and Land Market Review 2016, notwithstanding the latest stamp duty measure, residential prices are expected to rise up to 5% next year.

China's new Shanghai Tower was just named the "Best Tall Building Worldwide" by the Council on Tall Buildings and Urban Habitat (CTBUH) this past week.

According to global hotel consultant STR, Japan's hotel industry has benefited substantially from the devaluation of the Japanese yen.

Last Updated December 5, 2016 12:11 PM ET

Middle East and Africa Pacific

According to international real estate consultancy Cluttons, the current 'wait and see' attitude that has been adopted by potential buyers in Abu Dhabi is a direct result of wider global economic trends.

The recent election of Donald Trump as the 45th president of the United States of America is set to cause further uncertainty for the Middle East's real estate market, at least in the short term.

Dubai's average residential property value is down 7.4% during the past twelve months, but rate of decline is expected to slow heading into 2017 before reaching a new base towards the end of next year.

Abu Dhabi's largest property developer announced this week that it has awarded the early works package, valued at AED 155 million ($42m USD), for its flagship golf and waterfront development

UAE property portal Bayut.com is reporting this week that affordability remained the center of discussions at the recently concluded Cityscape Global real estate exhibition in Dubai.

According to CBRE Group, Middle East investment in the global commercial real estate sector reached nearly $10 billion in the first half of 2016.

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