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Residential News Edition | 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 »


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 »

GlobalListings.com Launches First Worldwide Property Listings Search Platform

GlobalListings.com Launches First Worldwide Property Listings Search Platform

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


Luxury Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »


Regional Residential 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.

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.

Fueled by a growing economy, solid employment gains and rising household formations, single-family housing production in the U.S. will continue on a gradual, upward trajectory in 2017.

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.

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.

Economic growth has significantly moderated in Latin America's leading economies of Brazil, Mexico, Colombia, Peru and Chile.

In Cuba, 220 miles south of Miami, real estate is considered hotter than any other commodity on the world market today.

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 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.

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

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

According to Ireland property portal Daft.ie, the national average asking price for a home in Ireland in the third quarter of 2016 was €221,000, compared to €205,000 a year ago and €164,000 at its lowest point.

According to Daft.ie's latest property report, the Irish pay on average 2.6% more to live close to a secondary school. This translates into a national average of €5,600 (USD $6,273) more to live 100 metres from a post-primary school.

Last Updated December 29, 2016 9:00 AM ET

Asia Pacific

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 Residential and Land Market Review 2016, notwithstanding the latest stamp duty measure, residential prices are expected to rise up to 5% next year.

A newly launched index that derives the price of prime residential and commercial development land in 13 major cities across Asia, saw mixed results in the first half of 2016.

According to global real estate consultant JLL's Hong Kong Residential Sales Market Report, recent signs of stabilization of Hong Kong's residential property sales do not indicate the property market has turned a corner.

According to global real estate consultant JLL, mass residential property prices in May 2016 have dropped 8.3% on the year in Hong Kong.

Hong Kong is constrained by a weakening economy and uncertainties around the market continues, local developers are adopting an increasingly conservative bidding strategies in government land sales.

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 international real estate consultant Cluttons, Gulf Cooperation Council (GCC-based) high net worth individuals are set to continue investing in global real estate for the remainder of the year.

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