THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Shanghai Overtakes Tokyo As Top Real Estate Investment Destination in Asia Pacific

Shanghai Overtakes Tokyo As Top Real Estate Investment Destination in Asia Pacific

According to JLL, Shanghai became the top city for real estate investment in Asia Pacific in Q4 2016. Thanks to a steady stream of transactions at the end of the year, it ranked number five globally as a real estate investment market in 2016 Read More »


Post Trump Election Victory, U.S. Home Sales Take Off in January

Post Trump Election Victory, U.S. Home Sales Take Off in January

According to the National Association of Realtors (NAR), existing-home sales enjoyed a very fast start in 2017, Read More »

Strong Commercial Real Estate Capital Inflows Limiting Cap Rate Growth in U.S.

Strong Commercial Real Estate Capital Inflows Limiting Cap Rate Growth in U.S.

According to the latest research from CBRE Group, Inc., capitalization rates on U.S. commercial real estate remained largely stable in the second half of 2016, as prices softened slightly. Read More »

Japan Data Center Market to Enjoy Growth Spike in 2017

Japan Data Center Market to Enjoy Growth Spike in 2017

According to CBRE, demand for data centers in Japan will experience major near-term growth, driven by the growing adoption of cloud computing. 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 February 23, 2017 7:59 AM ET

North America

According to the National Association of Realtors (NAR), existing-home sales enjoyed a very fast start in 2017,

According to the latest research from CBRE Group, Inc., capitalization rates on U.S. commercial real estate remained largely stable in the second half of 2016, as prices softened slightly.

Not only was Super Bowl 51 a big win for Tom Brady and the New England Patriots, it was a big win for the city of Houston itself.

50,047 single- and multi-family residential homes in the U.S. could be damaged with an estimated reconstruction cost value (RCV) of $13.3 billion.

Excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.

Housing starts returned to trend, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units.

Last Updated February 16, 2017 8:00 AM ET

Latin America

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.

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.

Last Updated February 14, 2017 8:00 AM ET

Europe

According to the latest quarterly Rental Report by Daft.ie, residential rents in Ireland rose nationwide by an average of 13.5% in the year to December 2016.

According to JLL, 2016 has been another strong year for office demand in Dublin, with 2.7 million square feet of office space occupied in the last 12 months across 232 deals.

The owners of London's iconic Burlington Arcade, Thor Equities and Meyer Bergman, have announced plans to sell the renowned global luxury retail destination, and have selected global property advisor CBRE to market the property.

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.

Last Updated February 23, 2017 9:01 AM ET

Asia Pacific

According to JLL, Shanghai became the top city for real estate investment in Asia Pacific in Q4 2016. Thanks to a steady stream of transactions at the end of the year, it ranked number five globally as a real estate investment market in 2016

According to CBRE, demand for data centers in Japan will experience major near-term growth, driven by the growing adoption of cloud computing.

According to a new report by JLL Hotels & Hospitality Group, the flurry of hotel mergers and acquisitions seen in 2016, with high-profile deals such as Marriott International's acquisition of Starwood Hotels & Resorts.

The world's most dynamic cities in JLL's fourth annual City Momentum Index (CMI) share the ability to embrace technological change, absorb rapid population growth and strengthen global connectivity.

American retirees have identified the five most affordable havens on the planet where expats can upgrade their lifestyle, but do it on a budget as low as $1,500 a month.

According to JLL's Hong Kong Residential Sales Report released this week, JLL's mass residential capital value index climbed 0.5% over the last two months.

Last Updated February 2, 2017 8:00 AM ET

Middle East and Africa Pacific

According to international real estate consultant Cluttons, the global economic anxiety and growth slowdown across regional markets has played a significant role in the decreased demand for industrial real estate in Dubai.

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.

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