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THE WORLD PROPERTY JOURNAL

Central Florida's Fast Growing High Tech Corridor Attracting Millennials Nationwide, Driving Local Office Market

Central Florida's Fast Growing High Tech Corridor Attracting Millennials Nationwide, Driving Local Office Market

According to new research by global real estate consultant JLL, across Central Florida's Interstate-4 Corridor, high tech firms' pursuit of talent has touched off a wave of inbound millennial migration from across the U.S. that shows no signs of slowing soon. Read More »


U.S. Builder Confidence Remains Strong in 2020 as Single-Family Growth Continues

U.S. Builder Confidence Remains Strong in 2020 as Single-Family Growth Continues

U.S. home builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January 2020. The last two monthly readings mark the highest sentiment levels since July of 1999. Read More »

Office User Growth Favors Tech Friendly Cities in Texas and Florida in 2020

Office User Growth Favors Tech Friendly Cities in Texas and Florida in 2020

Tech hubs, business-friendly Texas cities and high-growth Florida metro areas top the ranks of U.S. markets set to expand their base of office-using jobs the fastest in the coming years. Read More »

Home Affordability Issues in U.S. Contributes to Slower Job Growth, Says NAR

Home Affordability Issues in U.S. Contributes to Slower Job Growth, Says NAR

According to a new National Association of Realtors study, U.S. metro areas where affordability has worsened over the last five years have seen a decline in job growth during that same period. 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 January 17, 2020 9:00 AM ET

North America

According to new research by global real estate consultant JLL, across Central Florida's Interstate-4 Corridor, high tech firms' pursuit of talent has touched off a wave of inbound millennial migration from across the U.S. that shows no signs of slowing soon.

U.S. home builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January 2020. The last two monthly readings mark the highest sentiment levels since July of 1999.

Tech hubs, business-friendly Texas cities and high-growth Florida metro areas top the ranks of U.S. markets set to expand their base of office-using jobs the fastest in the coming years.

According to a new National Association of Realtors study, U.S. metro areas where affordability has worsened over the last five years have seen a decline in job growth during that same period.

Zillow is reporting this week that there are currently 218 million-dollar cities in the U.S. -- cities with a typical home value of $1 million or more -- three more than at the end of 2018 and 74 more than there were five years ago.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 10, 2020, U.S. mortgage applications increased 30.2 percent from one week earlier.

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 January 3, 2020 9:00 AM ET

Europe

The headline rate of the UK's house price growth continued to slow through 2019, leaving annual house price growth for the UK 0.7% at the end of October 2019, down from 3% at the same point last year.

Prime regional country house prices in the United Kingdom were unchanged in the final three months of 2019, taking the annual change in values to -0.8%. Prices have been flat or declining for the past three years.

Home prices in Ireland fell by 1.2% during 2019, the first calendar year recording a fall in prices since 2012. The average price nationwide in the final quarter of the year was €250,766, 2.4% lower than in the third quarter and 1.2% lower than a year ago.

According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.

Ireland home prices in 2019 grew by 1% year-on-year and 715 properties were sold so far this year that are worth €1m or more.

According to recent numbers from Capital Value, the Netherland's transaction volume of the residential investment market will once again reach record levels in 2019. While a record of 8.5 billion euros in investment was reached last year

Last Updated January 13, 2020 9:00 AM ET

Asia Pacific

According to JLL in its Macau Year-end Property Review 2019, impacted by the cautious investment sentiment caused by the global economic uncertainty, all property sectors in Macau experienced a significant fall in transaction volume last year.

As Hong Kong's office market continues to reel from the impacts of the local social movement and economic uncertainties, leasing across all business districts in Hong Kong have been subdued.

The longest bull market in Hong Kong's property market history has come to an end in the second half of 2019 due to the local social unrest with Mainland China, and related economic uncertainties surrounding it.

126 buildings of 200 meters' height or greater were completed in 2019, including 26 "supertall" buildings of at least 300 meters' height, a new world record.

The average number of bidders for residential sites in Kai Tak decreased by 67% to just 5.5 in 2019 from two years ago.

According to Knight Frank's latest Australian Prime Waterfront Index, prime absolute waterfront properties in Australia are worth up to 63% more than their inland counterparts on average.

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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