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THE WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

U.S. Housing Inventory Trends Now Favor Buyers in 2019

U.S. Housing Inventory Trends Now Favor Buyers in 2019

According to a new report by Zillow, after falling for nearly four consecutive years, housing inventory has turned a corner, growing on an annual basis in four of the past five months. U.S. for-sale home inventory grew 1.2 percent year-over-year. There were 19,455 more homes for sale nationwide in January compared to a year earlier. Read More »


Mortgage Delinquencies Drop to 18-Year Low in U.S.

Mortgage Delinquencies Drop to 18-Year Low in U.S.

According to the Mortgage Bankers Association's latest National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding at the end of the fourth quarter of 2018. Read More »

As Amazon Cancels New York HQ2, The Governor and Market React

As Amazon Cancels New York HQ2, The Governor and Market React

On the heels of Amazon's surprise announcement yesterday to cancel moving forward with its plan to build a new headquarters facility in New York's Long Island City due to some Democratic political opposition, both the local real estate market and the Governor's office were stunned. Read More »

New Home Mortgage Applications Rise in January

New Home Mortgage Applications Rise in January

U.S. mortgage applications for new home purchases remained unchanged from a year ago. Compared to December 2018, applications increased by 43 percent. 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 18, 2019 9:00 AM ET

North America

According to a new report by Zillow, after falling for nearly four consecutive years, housing inventory has turned a corner, growing on an annual basis in four of the past five months. U.S. for-sale home inventory grew 1.2 percent year-over-year. There were 19,455 more homes for sale nationwide in January compared to a year earlier.

According to the Mortgage Bankers Association's latest National Delinquency Survey, the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.06 percent of all loans outstanding at the end of the fourth quarter of 2018.

On the heels of Amazon's surprise announcement yesterday to cancel moving forward with its plan to build a new headquarters facility in New York's Long Island City due to some Democratic political opposition, both the local real estate market and the Governor's office were stunned.

U.S. mortgage applications for new home purchases remained unchanged from a year ago. Compared to December 2018, applications increased by 43 percent.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending February 8, 2019, U.S. mortgage applications decreased 3.7 percent from one week earlier.

According to the National Association of Realtors, U.S. housing inventory increased and metro market prices rose at a slower pace in the fourth quarter of 2018. The national median existing single-family home price in the quarter was $257,600, up 4.0 percent from the fourth quarter of 2017 ($247,800).

Last Updated January 4, 2019 9:02 AM ET

Latin America

Panama, the winner of the 2019 Global Retirement Index, has been a constant in the Index, but this year marks the 10th time it's reached the #1 spot--climbing from third place to scoop the top prize.

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.

Last Updated February 11, 2019 8:16 AM ET

Europe

According to Daft.ie's latest quarterly Ireland Rental Report, while residential rents rose nationwide by an average of 9.8% in the year to December 2018.

According to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.

According to JLL, the overall office take-up in 2018 amounted to 1.39m sq. m, being flat year-over-year. Strong demand and low completions have led to growth of Class A and B+ rents, by 6.3% and 3.2% respectively over the course of last year.

According to new research by housing platform HousingAnywhere shows an upward trend for rental prices in Q4 compared to the year before for all their major European student destinations.

According to JLL, commercial real estate investment volumes in Russia reached $2.8bn in 2018, down 39% YoY from $4.7bn. Within the total, Q4 2018 investments were $966m, half the levels of Q4 2017.

Global real estate consultant JLL is report that €3.6 billion of Irish property traded during the year 2018 across nearly 200 deals.

Last Updated February 14, 2019 9:03 AM ET

Asia Pacific

According to Knight Frank's latest Global Outlook Report, Hong Kong will retain its title as the world's most expensive office market despite rents being forecast to decrease in 2019.

Less than 100 new luxury units (1,722 sq. ft or above) will be completed in Hong Kong's traditional luxury residential areas, including The Peak, Southern district, Kowloon Tong, Homantin and Mid-Levels, in 2019.

Shadowed by the various regulatory measures on the property market and the external economic uncertainty, Macau's property market softened and saw a slowdown in investment sentiment.

According to JLL's latest Hong Kong Property Market Monitor report, despite lingering uncertainty surrounding the global economy and a slumping local stock market, co-working operators remained a major source of demand in the office leasing market in December last year.

Global commercial real estate consultant JLL is reporting this week that Asia Pacific's overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down.

The strike rate of People's Republic of China (PRC) developers in Hong Kong's government land sales market dropped notably in 2018.

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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