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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

The 5 Top Christmas Hideaways In America Revealed

The 5 Top Christmas Hideaways In America Revealed

It's that time of year again...where spirits are higher, people smile more, and winter takes on a wonderful, warm glow in which snow is beautiful rather than a bother. It really is the happ-happ-happiest time of the year. Read More »


Manhattan Office Leasing Activity Dives in November

Manhattan Office Leasing Activity Dives in November

According to CBRE, Manhattan's office market leasing activity totaled 1.51 million sq. ft. in November 2016, 29% below its five-year monthly average of 2.14 million sq. ft. Read More »

U.S. Mortgage Rates Hit New 2016 High in Early December

U.S. Mortgage Rates Hit New 2016 High in Early December

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. fixed mortgage rate moved higher for the sixth consecutive week. The 10-year Treasury yield dipped this week following the release of the Job Openings and Labor Turnover Survey. Read More »

Apartment Industry in U.S. Congratulates Dr. Ben Carson on Trump HUD Appointment

Apartment Industry in U.S. Congratulates Dr. Ben Carson on Trump HUD Appointment

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement this week to congratulate Dr. Ben Carson. 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 9, 2016 10:00 AM ET

North America

It's that time of year again...where spirits are higher, people smile more, and winter takes on a wonderful, warm glow in which snow is beautiful rather than a bother. It really is the happ-happ-happiest time of the year.

According to CBRE, Manhattan's office market leasing activity totaled 1.51 million sq. ft. in November 2016, 29% below its five-year monthly average of 2.14 million sq. ft.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. fixed mortgage rate moved higher for the sixth consecutive week. The 10-year Treasury yield dipped this week following the release of the Job Openings and Labor Turnover Survey.

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement this week to congratulate Dr. Ben Carson.

Mortgage applications decreased 0.7 percent from one week earlier. The prior week's results included an adjustment for the Thanksgiving holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.7 percent

Southern Nevada home prices bucked seasonal trends and increased heading into the holidays while home sales continued to exceed last year's pace.

Last Updated November 25, 2016 10:00 AM ET

Latin America

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.

According to STR, hotels in Central and South America recorded mixed Q2, 2016 results when reported in U.S. dollar constant currency.

According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.

Last Updated November 29, 2016 8:00 AM ET

Europe

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.

Irish real estate firms like JLL broadly welcome the business and property-related measures announced in Ireland's budget this past week.

A new international measurement standard which will offer more clarity and consistency to users of residential property services.

Last Updated December 7, 2016 9:00 AM ET

Asia Pacific

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.

According to CBRE's Q3 2016 MarketView data for the Asia Pacific region, overall property investment turnover during Q3 picked up slightly with an increase in transaction volume of 5.6% quarter-on-quarter to $24.6 billion.

This past week China's economy posted 6.7% y-o-y GDP growth in Q3 2016, on par with H1 2016 levels.

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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