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THE WORLD PROPERTY JOURNAL

Commercial Investor Activity in U.S. Rebounding from Q2 Coronavirus Low

Commercial Investor Activity in U.S. Rebounding from Q2 Coronavirus Low

According to global commercial real estate consultant CBRE, U.S. commercial investor sentiment and transaction activity are recovering from the depths of the COVID-19 crisis. Read More »


U.S. Mortgage Rates Rise in August

U.S. Mortgage Rates Rise in August

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 2.96 percent in mid-August 2020. Homebuyer demand remains strong, especially for those in search of an entry-level home. Read More »

Miami Area Home, Condo Prices Continue to Rise in Q2

Miami Area Home, Condo Prices Continue to Rise in Q2

Miami single-family home prices increased 5.6% year-over-year, from $360,000 to $380,000. Miami existing condo prices rose 6.2%, from $247,000 to $262,250. Median prices have now increased for 34 consecutive quarters, a streak spanning 8.5 years. Read More »

96 Percent of U.S. Metros Enjoy Home Price Growth Despite Coronavirus Outbreak in Q2

96 Percent of U.S. Metros Enjoy Home Price Growth Despite Coronavirus Outbreak in Q2

According to the latest quarterly report by the National Association of Realtors (NAR), an overwhelming majority of the nation's metro areas witnessed home prices rise in the second quarter of 2020. 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 August 14, 2020 9:01 AM ET

North America

According to global commercial real estate consultant CBRE, U.S. commercial investor sentiment and transaction activity are recovering from the depths of the COVID-19 crisis.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 2.96 percent in mid-August 2020. Homebuyer demand remains strong, especially for those in search of an entry-level home.

Miami single-family home prices increased 5.6% year-over-year, from $360,000 to $380,000. Miami existing condo prices rose 6.2%, from $247,000 to $262,250. Median prices have now increased for 34 consecutive quarters, a streak spanning 8.5 years.

According to the latest quarterly report by the National Association of Realtors (NAR), an overwhelming majority of the nation's metro areas witnessed home prices rise in the second quarter of 2020.

According to the latest Global Flexible Office Sentiment Survey by Workthere, Savills' dedicated flexible office advisory service, revealed growing concern in the short term for the flexible office sector among providers in North America over the next three months.

Based on the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 7, 2020, U.S. mortgage applications increased 6.8 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 August 7, 2020 9:04 AM ET

Europe

International property consulting firm Knight Frank is reporting this week that it has been no ordinary summer for London's property market.

While early signs of the impact of the Covid-19 pandemic on rental prices were already noticeable in the first quarter of 2020, the effects of the travel ban, which was valid from mid-March, are now fully visible.

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.

Last Updated July 31, 2020 7:40 AM ET

Asia Pacific

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.

Ample liquidity and a low-interest environment has continued to support investments in the commercial property sector in Q2 2020.

The global economy has been badly hit by the COVID-19 pandemic as it hindered economic activities and travels between countries.

Global property consultant JLL is reporting this week that the full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in the second quarter of 2020 than the previous quarter.

Capital values of mass residential remain resilient in H1 2020, but the rising unemployment rate will weigh on housing prices by the end of this year.

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.

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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