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THE WORLD PROPERTY JOURNAL

Global Luxury Home Price Growth Rate Slows to 10-Year Low

Global Luxury Home Price Growth Rate Slows to 10-Year Low

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. Read More »


U.S. Home Prices Enjoy 3.9 Percent Increase in Q1

U.S. Home Prices Enjoy 3.9 Percent Increase in Q1

According to the latest quarterly report by the National Association of Realtors, U.S. housing inventory increased and metro market prices rose in the first quarter of 2019, but at a slower pace than the previous 4th quarter of 2018. Read More »

Nationwide Foreclosure Activity Down 13 Percent in U.S.

Nationwide Foreclosure Activity Down 13 Percent in U.S.

According to ATTOM Data Solutions April 2019 U.S. Foreclosure Market Report, U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 55,646 U.S. properties in April 2019. Read More »

U.S. Builder Confidence Rises in May, Highest Level in 6 Months

U.S. Builder Confidence Rises in May, Highest Level in 6 Months

U.S. builder confidence in the market for newly-built single-family homes rose three points to 66 in May 2019. Builder sentiment is at its highest level since October 2018. 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 May 17, 2019 8:22 AM ET

North America

According to the latest quarterly report by the National Association of Realtors, U.S. housing inventory increased and metro market prices rose in the first quarter of 2019, but at a slower pace than the previous 4th quarter of 2018.

According to ATTOM Data Solutions April 2019 U.S. Foreclosure Market Report, U.S. foreclosure filings -- default notices, scheduled auctions and bank repossessions -- were reported on 55,646 U.S. properties in April 2019.

U.S. builder confidence in the market for newly-built single-family homes rose three points to 66 in May 2019. Builder sentiment is at its highest level since October 2018.

According to the latest housing data by Florida Realtors, Florida's housing market reported higher median prices and rising inventory during the first quarter of 2019.

Commercial and multifamily mortgage loan originations rose 12 percent in the first quarter compared to the same period last year. Originations the first three months of the year were 34 percent lower than the fourth quarter of 2018.

According to the National Association of Realtors, existing-home sales in the U.S. retreated in March 2019, following February's surge of sales. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month.

Last Updated January 4, 2019 9:02 AM ET

Latin America

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.

Billionaire real estate developer and U.S. President Donald Trump, who once considered building luxury hotels in Cuba, is getting set to swing a sky-high verbal crane over the tiny Communist-governed nation.

Last Updated May 17, 2019 9:02 AM ET

Europe

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.

Global real estate consultant Knight Frank is reporting that the average home price in Madrid declined 30% in peak-to-trough terms following the financial crisis of 2008, but now sits 46% above the market low reached in Q3 2012.

More than 560,000 students applied to start a full-time undergraduate course at UK universities for the 2019/20 academic year, according to the latest applications data from UCAS. This was nearly 2,500 more applications than at the same point last year and the first year-on-year increase in applications in three years.

According to new research from international property consultancy Knight Frank, unlike Tuscany's mainstream residential housing market, the prime luxury segment is on a firmer footing.

According to new research from Daft.ie, Ireland home prices close to DART stations and Luas stops rose again by an average of 4% in the first quarter of 2019 to an average of €512,000 ($571,000 USD).

Last Updated April 12, 2019 9:04 AM ET

Asia Pacific

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.

Growing interest from China developers in acquiring older buildings for redevelopment in Hong Kong contributed to the Lands Tribunal receiving 39 compulsory sale applications in 2018.

Based on JLL's latest whitepaper Shenzhen's Tech Prosperity Drives Office Demand, technology companies are spurring global demand for office space, and this phenomenon is particularly pronounced in Shenzhen, China.

Thirty one percent of Australian development sites in 2018 were bought by Chinese developers who purchased $1.3 billion worth of Australian residential development sites in 2018. This figure was down from $2.02 billion in 2017, or one-third of all site sales.

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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