January 2012 Monthly Archive

Based on Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report, hotel investment activity is expected to remain stable across Europe, the Middle East and Africa (EMEA) during 2012 with $11 billion worth of deals forecast for the year, reflecting transaction volumes similar to 2011 levels.

According to S&P/Case-Shiller's latest Home Price Indices, U.S. home prices declined 1.3% for both the 10- and 20-City Composites in November over October. For a second consecutive month, 19 of the 20 cities covered by the indices also saw home prices decrease.

According to the New York State Association of Realtors (NYSAR), home sales in New York State rebounded in the fourth quarter to finish the full year of 2011 only 3.9 percent behind the federal tax credit-driven 2010 market. The statewide median sales price remained stable through the year and remained on par with 2010 at year's end.

St. Moritz is a property market that embodies a combination of winter sports and sophisticated lifestyle that seems to be immune to the Eurozone debt crisis and the overall global economic slowdown.

According to Jones Lang LaSalle's latest Asia Pacific Office Index, office markets in Asia Pacific experienced mixed fortunes in the fourth quarter of 2011. Despite a slowdown in average office rental growth and capital values, growth in some markets continued whilst others saw a slowdown in growth rates.

(MOSCOW, RUSSIA) -- The global housing market suffered its worst performance for more than two years in the third quarter of 2011, according to property consultant's Knight Frank.

According to STR, the U.S. hotel industry experienced increases in all three key performance metrics during the week ending January 21, 2012. In year-over-year comparisons for the week, occupancy was up 3.9 percent to 51.4 percent,

(UNITED KINGDOM) -- A new "Ability to Buy Index" from Royal Bank of Scotland paints a mixed picture for first time buyers in Britain. While average mortgage payments have fallen to 2003 levels, it is now more difficult for first-time buyers to get a foot on the housing ladder than during the 2009 recession.

Over 83% of real-estate professionals think sustainability is the highest priority strategic issue facing office real estate decision-makers over the next ten years according to a new report by Jones Lang LaSalle (JLL).

Australia and the United States are roughly the same size; however, that's where the similarities end. For starters, the majority of the country is nearly all desert, and the vast majority of the population lives almost entirely along the coasts.

As world leaders gather at the World Economic Forum annual meeting in Davos, Switzerland to address global economic challenges, a new report by Jones Lang LaSalle reveals that more than half of all global real estate investment resides in 30 cities.

(TABA HEIGHTS, EGYPT) -- Orascom Hotels and Development, Egypt's largest hotel owner, and Troon Golf, the world's largest golf course management company, announced a deal this week that would hand over control of Orascom's world-class golf course resorts at Taba Heights and El Gouna.

STR Global tells World Property Channel that in light of the upcoming UEFA European Football Championship taking place in Poland and the Ukraine this summer, local hotel inventory is expected to increase by 9.4 percent in Wroclaw, Poland, 8.7 percent in Kiev, Ukraine, and 1.7 percent in Warsaw, Poland, compared to the previous year.

(BARBADOS) - Royal Westmoreland, regarded as one of the top golf and residential resort communities in the Caribbean, just launched a series of land plots in one of the highest and most scenic parts of the property known as "Jasmine Ridge."

According to the National Association of Home Builders' (NAHB) Remodeling Market Index (RMI), the RMI increased to 46.6 in the fourth quarter 2011 from 41.7 in the third quarter of 2011. This is highest level of sentiment in five years.

According to STR, the Caribbean hotel market reported increases in all three key performance metrics in 2011.In year-over-year comparisons, the Caribbean rose 2.6 percent in occupancy to 61.8 percent, average daily rate was up 2.6 percent to US$167.54, and...

According to the Broward Council of the Miami Association of Realtors, the total number of listings - including single-family homes and condominiums - that pended during the month of December in Broward County increased 26 percent,

(MIAMI, FL) -- On the heels of selling their own downtown waterfront building last year to the Genting Group for a reported $235 million for their proposed $3.5 billion mega-resort and casino, the Miami Herald Media Company ("Miami Herald") has just agreed to terms to relocate to a 158,265 square foot office building in Doral, Florida.

Dottie Herman Q1 - My son is currently renting in NYC. Assuming he has money for a co-op purchase or a condo purchase, which is advisable? He is looking at co-ops in the neighborhood he wants to live in. We...

According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in December 2011 were at a seasonally adjusted annual rate of 307,000.This is 2.2 percent (±13.2%) below the revised...