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THE WORLD PROPERTY JOURNAL

Hong Kong Commercial Market Sees Sharpest Price Corrections Since 2008 Crash

Hong Kong Commercial Market Sees Sharpest Price Corrections Since 2008 Crash

Hong Kong's commercial property leasing and investment markets recorded the sharpest correction in the first half of this year since the global financial crisis in 2008. Read More »


Orlando Home Sales Spike in June as COVID-19 Pandemic Continues

Orlando Home Sales Spike in June as COVID-19 Pandemic Continues

The number of homes for sale continues to be an issue, as June inventory experienced a decline of 19% when compared to June of 2019. Read More »

Limited Supply Helps Stabilize Palm Beach County Home Prices During COVID-19 Outbreak

Limited Supply Helps Stabilize Palm Beach County Home Prices During COVID-19 Outbreak

Palm Beach County Florida median home prices increased year-over-year in May 2020. Read More »

New Home Purchase Mortgage Applications Spike 54 Percent in U.S.

New Home Purchase Mortgage Applications Spike 54 Percent in U.S.

Mortgage applications for new home purchases in the U.S. increased 54.1 percent compared from a year ago. Compared to May 2020, applications increased by 20 percent. 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 July 16, 2020 8:00 AM ET

North America

The number of homes for sale continues to be an issue, as June inventory experienced a decline of 19% when compared to June of 2019.

Palm Beach County Florida median home prices increased year-over-year in May 2020.

Mortgage applications for new home purchases in the U.S. increased 54.1 percent compared from a year ago. Compared to May 2020, applications increased by 20 percent.

This represents a 2.5-percentage point increase in the overall delinquency rate compared to March 2020, when it was 3.6 percent.

According to the Mortgage Bankers Association's latest Mortgage Credit Availability Index (MCAI), U.S. mortgage credit availability decreased in June 2020.

Despite a dip in newly pending sales, homes are flying off the market at a record pace and inventory remains incredibly scarce.

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 July 10, 2020 9:00 AM ET

Europe

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.

Country houses valued at £5m-plus saw the strongest price growth of any property type in the UK in the three months to June, due to interest in country living and the greater ability of buyers in higher-price brackets to transact.

The new monthly report gives key figures on the health of both sale and rental markets, with figures showing a 0.2% rise in rents nationwide in the year to June 2020.

Home purchase offers are being accepted at record rates in UK property markets as traction returns and downwards pressure on prices eases.

According to a new Daft.ie Housing Market Report released today, residential sale prices rose by an average of 3.7% in May 2020, having fallen by 5.5% in April 2020.

The total potential spend for all residential buyers registered with Knight Frank in London was £52 billion.

Last Updated July 16, 2020 9:00 AM ET

Asia Pacific

Hong Kong's commercial property leasing and investment markets recorded the sharpest correction in the first half of this year since the global financial crisis in 2008.

The primary growth node in the Greater Bay Area (GBA) as its concentration of highly innovative and technically-advanced industries could help stimulate economic development.

Hong Kong's luxury residential market gained momentum in May as quantitative easing started to take effect after a relatively quiet period since Christmas/New Year

60% of the operators surveyed believe that it will take between 13 to 24 months for their portfolio to return back to 2019 RevPAR levels.

The average annual price appreciation for all 150 cities tracked by the latest Global Residential Cities Index was 4.3 percent

Hong Kong's Central's Grade A office rents fell 2.7% to HKD 102.4 per sq. ft in May 2020 as the vacancy rate reached 5% for the first time since the Global Financial Crisis in 2008.

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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