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THE WORLD PROPERTY JOURNAL

CMBS is Vital Component of $3.5 Trillion U.S. Commercial Finance industry

CMBS is Vital Component of $3.5 Trillion U.S. Commercial Finance industry

Based on a new white paper by the Mortgage Bankers Association titled Role of CMBS in the Financing of Commercial and Multifamily Real Estate in America -- the CMBS market plays a significant role in the U.S. Commercial and Multifamily real estate finance industry. Read More »


California Housing Market Remains Subdued in October

California Housing Market Remains Subdued in October

The California Association of Realtors is reporting this week that shrinking inventory subdued California's home sales, and held home sales and prices flat in October 2019. Read More »

New Home Prices Dip in US, Largest Decline in 7 Years

New Home Prices Dip in US, Largest Decline in 7 Years

According to Redfin, new-home sales prices in the U.S. dropped 1.5 percent year over year to a median of $370,300 in the third quarter. This marks the biggest decline since at least 2012 and the third consecutive quarter of declines. Read More »

Orlando Home Sales Dip as Prices Uptick in October

Orlando Home Sales Dip as Prices Uptick in October

Central Florida's housing market in October 2019 recorded a 6% year-over-year increase in median price and a small 1% decrease in sales. The inventory of homes available for purchase appears to be back on a declining trend. 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 November 19, 2019 9:11 AM ET

North America

Based on a new white paper by the Mortgage Bankers Association titled Role of CMBS in the Financing of Commercial and Multifamily Real Estate in America -- the CMBS market plays a significant role in the U.S. Commercial and Multifamily real estate finance industry.

The California Association of Realtors is reporting this week that shrinking inventory subdued California's home sales, and held home sales and prices flat in October 2019.

According to Redfin, new-home sales prices in the U.S. dropped 1.5 percent year over year to a median of $370,300 in the third quarter. This marks the biggest decline since at least 2012 and the third consecutive quarter of declines.

Central Florida's housing market in October 2019 recorded a 6% year-over-year increase in median price and a small 1% decrease in sales. The inventory of homes available for purchase appears to be back on a declining trend.

The delinquency rate for mortgage loans on one-to-four unit residential properties decreased to a seasonally adjusted rate of 3.97 percent of all loans outstanding at the end of the third quarter of 2019.

A year has passed since Amazon announced they had chosen its new HQ2 cities, and one burning question remains: Has the news had any noticeable effect on the Washington, D.C. housing market?

Last Updated June 13, 2019 9:03 AM ET

Latin America

Slovenia is home to the world's fastest rising house prices with average values accelerating 18.2% year-on-year. Falling unemployment, low interest rates and until recently, limited supply, are behind the strong price growth.

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.

Last Updated November 12, 2019 9:03 AM ET

Europe

According to the latest quarterly Rental Report by Daft.ie, residential rents rose by an average of 5.2% nationwide in the year to September 2019. This marks the lowest rate of rental inflation across the country since the second quarter of 2013.

International property consultant Knight Frank is reporting this week that political uncertainty in the UK continues to dominate sentiment in prime London residential markets in final months of 2019.

According to new report from CBRE, global commercial real estate investment volume, including entity-level deals, rose by 7% quarter-over-quarter but fell by 2% year-over-year in Q3 2019.

According to global property consultant JLL, take-up for Ireland office space in Q3, 2019 totaled 394,093 sq. ft across 44 deals. This is 19% higher than last quarter, in the year-to-date; take-up is 2.2 million sq. ft.

According to international property consultant Knight Frank, demand for the acquisition of prime London property continues to be negatively influenced by political events in 2019.

"FIFA World Cup 2018 had the desired effect: the number of guests in hotels of cities that are traditionally in demand by Russian and international tourists has increased this summer. In Saint-Petersburg, for example, the occupancy broke a three-year record with market average result of 88%

Last Updated November 15, 2019 9:00 AM ET

Asia Pacific

Singapore's non-landed private residential sales continued to grow for the second consecutive quarter, with new sales in Q3 2019 reaching 3,198 units, up 49.2 per cent from Q2 2019.

According to CBRE, Tokyo's All-Grade office vacancy rate was unchanged at 0.7% in Q3 2019. Secondary vacancy arose at some existing buildings; while a small amount of vacant spaces remained in three out of the 10 new buildings completed this quarter.

According to Knight Frank's latest research, across the major Australian cities, development sites suitable for high-density continue to be the overall preferred option for developers.

Global real estate consultant JLL is reporting that several cities in Asia are emerging as competitive real estate markets.

According to the latest research from Knight Frank, office space in North Sydney is in high demand from an increasingly wide range of tenants due to its strategic location, relative affordability and access to transport.

Property developers are speeding up the launch of new residential projects and lower asking prices to maintain sell-through rates ahead of the implementation of the much heralded vacancy tax.

Last Updated October 22, 2019 9:02 AM ET

Middle East and Africa Pacific

Chinese property investment in the UAE has slowed in the third quarter of 2019. The growth rate tapered off in the third quarter and was down 15% compared to Q3 2018, but enquiry levels remain healthy.

According to the Property Monitor's latest Dubai House Price Index, the average annual house price in Dubai decreased by 12% in March 2019, with some communities registering even higher price declines.

According to the latest Dubai House Price Index, the average annual home price in Dubai decreased by 10.6% in February 2019, with some communities registering even higher price declines.

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.


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