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THE WORLD PROPERTY JOURNAL

Single Mother Homeownership Rates in the U.S. Declining Nationally

Single Mother Homeownership Rates in the U.S. Declining Nationally

Residential real estate brokerage firm Redfin is reporting this week that just 31.1 percent of single mothers in the U.S. owned homes in 2017, on par with the 2016 rate and down from 35.5 percent in 2010. Read More »


Florida Home Sales Up 9 Percent Annually in May

Florida Home Sales Up 9 Percent Annually in May

According to new data from Florida Realtors, the State of Florida's housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to a year ago. Read More »

U.S. Home Sales Uptick Nationwide in May

U.S. Home Sales Uptick Nationwide in May

According to the National Association of Realtors, existing U.S. home sales rebounded in May 2019, recording an increase in sales for the first time in two months. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month. Read More »

Mortgage Applications in U.S. Dip in Mid-June

Mortgage Applications in U.S. Dip in Mid-June

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 14, 2019, U.S. mortgage applications decreased 3.4 percent from one week earlier. 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 June 25, 2019 9:00 AM ET

North America

Residential real estate brokerage firm Redfin is reporting this week that just 31.1 percent of single mothers in the U.S. owned homes in 2017, on par with the 2016 rate and down from 35.5 percent in 2010.

According to new data from Florida Realtors, the State of Florida's housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to a year ago.

According to the National Association of Realtors, existing U.S. home sales rebounded in May 2019, recording an increase in sales for the first time in two months. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 14, 2019, U.S. mortgage applications decreased 3.4 percent from one week earlier.

According to new research from CoreLogic, U.S. home purchasing activity among investors is on the rise. In 2018, the share of home sales bought by investors reached its highest level in two decades.

According to ATTOM Data Solutions May 2019 Foreclosure Market Report, U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 56,152 U.S. properties in May 2019.

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 June 21, 2019 8:21 AM ET

Europe

According to international real estate consultant Knight Frank, despite the unknown outcome of Brexit, underlying demand for London's super-prime property remains resilient.

Global real estate consultant Knight Frank is reporting that economic uncertainty of Brexit, coupled with the complexities of the planning system and rising build costs, have exerted pressure on London land values at the turn of 2019.

According to a new report by Daft.ie, Ireland home prices are currently growing by 5.9% year-on-year and in 2019 there are on average 11 properties sold nationwide every week that are worth €1m or more.

Investment into the UK Student Accommodations (PBSA), investment-grade private rented sector (PRS) and senior living rental sectors is expected to reach £146bn ($185bn) by 2025, rising from £87.3bn ($110bn) in 2019.

According to international real estate consultant Knight Frank's latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 45 cities globally, registered its lowest rate of annual growth since the final quarter of 2009, when the world was in the grip of the financial crisis.

According to the latest quarterly Rental Report by Daft.ie, there were just 2,700 homes available to rent nationwide in Ireland on May 1st, 2019, the lowest total ever recorded in a series dating back to 2006.

Last Updated June 14, 2019 9:08 AM ET

Asia Pacific

Rising cost of leasing prime office space accelerated across the globe due to continued economic growth, job gains and limited availability of prime space in certain markets.

According to JLL's latest Residential Sales Market Monitor Report, the price premium commanded by new mass residential flats sized 752 sq. ft and under on Hong Kong Island against the New Territories has narrowed from 90% to 79% over the past five years.

According to global real estate consultant JLL, commercial real estate investment in Asia Pacific was up 14% in the first quarter of 2019, setting a new record of $45 billion in sales volume.

Co-living market is taking off in Asia Pacific as more people migrate to cities for jobs or education opportunities. This is opening up new opportunities for real estate developers and investors around the region.

In 2018, flexible workspace centre supply in Kuala Lumpur grew by 36%, making it the fastest growing key city in the APAC region, outpacing fast-growing markets in Gurugram, Chennai, Brisbane, Hong Kong, Sydney and Singapore.

Australia's industrial and office sectors are set to experience the double-digit returns in 2019, making them forecast to be the highest performing asset classes.

Last Updated April 25, 2019 9:01 AM ET

Middle East and Africa Pacific

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.

Residential rents across Dubai registered no change during the first quarter of 2018, helping improve the annual rate of change to -3.1%, from -7.7% at the end of last year.


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