A strong U.S. dollar and a worsening global economic outlook outside of the U.S. slowed South Florida international home sales in 2019.
According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.
With capital growth in most prime residential markets around the world shrinking in 2019, the global economic landscape looks markedly different from that a year ago.
According to the newly released 2018 Profile of International Home Buyers Report by the Miami Association of Realtors and the National Association of Realtors, foreign buyer activity in South Florida had a significant 23 percent spike in 2018.
According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again.
According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.
Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.
The property division of Carrefour Argentina has opened Terrazas de Mayo, a new shopping centre valued at $29 million,
Central and South America hotel development pipeline comprises 400 hotels totaling 65,479 rooms.
On five acres on Miami's Bal Harbour beach, Argentinian developer Eduardo Constantini's is bulding a 28-floor glass tower which will be part art installation, part residential development. Oceana Bal Harbour will feature two Jeff Koons art pieces worth $14 million.
The supply of new office buildings completed in Buenos Aires during the first six months of 2013 was five times higher than the amount delivered in the same period of 2012, reaching production levels not seen since the market's peak in 2010.
Asking rents for offices in Caracas, Venezuela have skyrocketed, increasing 80 percent during the first half of the year
Property sales in Argentina dropped 44.7 percent in June from the same period a year ago, as the market wrestled with new currency regulations. The June sales of 2,632 homes amounted to $1.5 billion. 37.2 percent lower than the same time last year.
An investment group from Argentina operating under the name 418 Meridian LLC has purchased the former Plaza Hotel on South Beach for $5.5 million.
Foreign cash buyers are finding deals in Buenos Aires, where prices for luxury apartments are down 20 percent to 25 percent from a year ago. But there is a catch. Argentina's wildly fluctuating currency and new monetary restrictions make it difficult to close deals,