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THE WORLD PROPERTY JOURNAL

U.S. Home Sales Jump 9.4 Percent in September, Hit 6.5 Million Annual Rate

U.S. Home Sales Jump 9.4 Percent in September, Hit 6.5 Million Annual Rate

Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories. Read More »


New York Continues to Lose Hundreds of Millions in Tax Revenue from Historic Decline in Real Estate Sales

New York Continues to Lose Hundreds of Millions in Tax Revenue from Historic Decline in Real Estate Sales

Property broker confidence hit a new record low for the third straight quarter in 2020, highlighting deep concerns about recovery efforts. Read More »

New Home Construction in U.S. Spike 11 Percent Annually in September

New Home Construction in U.S. Spike 11 Percent Annually in September

Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. Read More »

California Population Exit May Contribute 51,000 New Democratic Votes for Arizona Swing State

California Population Exit May Contribute 51,000 New Democratic Votes for Arizona Swing State

While wealthy retirees moving to Florida and North Carolina contributing to increased Republicans in those swing states 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 October 22, 2020 11:15 AM ET

North America

Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories.

Property broker confidence hit a new record low for the third straight quarter in 2020, highlighting deep concerns about recovery efforts.

Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units.

While wealthy retirees moving to Florida and North Carolina contributing to increased Republicans in those swing states

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 16, 2020, U.S. Mortgage applications decreased 0.6 percent from one week earlier.

According to CoreLogic's latest Single-Family Rent Index for August, national rent increased 2.1% year over year, down from a 2.9% year-over-year increase in August 2019.

Last Updated August 21, 2020 9:07 AM ET

Latin America

Employers and workers are embracing the freedom of where to live and work; and if that trend holds, a shift in real estate demand will occur on a global scale.

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.

Last Updated October 19, 2020 9:00 AM ET

Europe

According to property site Daft.ie, the average listed price of housing in Ireland rose by 4.8% between June and September 2020.

The top countries of origin for high-end international home buyers coming into the UK property market -- during the 2020 Coronavirus outbreak -- include the UAE, United States and Australia.

Based on international property consultant Knight Frank's latest Global Residential Cities Index, the annual rate of price growth worldwide declined marginally from 3.6% to 3.4% between March and June of 2020.

According to international property consultant Knight Frank, prime central London home rental values have continued to decline in August 2020, as weaker than normal seasonal demand was compounded by higher levels of supply.

According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year.

Home prices in higher-value areas of London have responded to resurgent levels of activity this summer despite the Coronavirus pandemic.

Last Updated October 6, 2020 9:00 AM ET

Asia Pacific

According to new data by JLL Research, India's office market witnessed a net absorption of 5.4 million sq. ft in quarter ending September 2020 (Q3), an increase of 64% versus quarter ending June 2020 (Q2).

According to JLL's latest Property Market Monitor report released this week, Hong Kong's overall Grade A office rental market is declining at a more moderate level in August 2020, as the COVID-19 pandemic's third wave recedes.

Based on a new survey by international property consultant JLL, over 93 percent of corporate real estate leaders believe their business or recovery plans to mitigate the impact of the pandemic will be successful.

As Singapore's economy started to reopen in June 2020 during the global Coronavirus pandemic, the residential property market enjoyed relatively brisk activity that translated into an appreciable uptick in transaction volumes.

In the midst of the COVID-19 outbreak and deepened economic weaknesses, monthly transactions volume of high-end residential properties in the first half has dropped visibly compared to previous years in Hong Kong.

Residential sales are anticipated to fall sharply in the short run, as new projects slated for sales will likely be postponed when the third wave of COVID-19 continues to hit the city.

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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