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Residential News Edition | WORLD PROPERTY JOURNAL

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Housing Rents in U.S. Dip for First Time in 2 Years

Housing Rents in U.S. Dip for First Time in 2 Years

According to Yardi Matrix, as part of a seasonal respite, the national average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471. Read More »


Orlando Home Prices Rise in September as Inventory Dips

Orlando Home Prices Rise in September as Inventory Dips

Orlando's housing market recorded year-over-year increases in both sales (7%) and median price (5%) in September 2019. The inventory of home available for purchase, however, saw a second consecutive decline after nine months of positive postings. Read More »

Residential, Commercial Properties Close to Public Transit Enjoy Increase Values

Residential, Commercial Properties Close to Public Transit Enjoy Increase Values

According to a new report by the American Public Transportation Association and the National Association of Realtors, neighborhoods located within a half mile of public transit services outperformed those in areas farther from public transit based on a number of factors. Read More »

Single Family Rents Rise 3 Percent Annually in August

Single Family Rents Rise 3 Percent Annually in August

According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, shows a national rent increase of 3% in August 2019. Read More »


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Luxury 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 Residential Real Estate News

Last Updated October 16, 2019 8:30 AM ET

North America

According to Yardi Matrix, as part of a seasonal respite, the national average residential rent in the U.S. decreased for the first time since February 2017, dipping by -0.1% ($1) from last month to $1,471.

Orlando's housing market recorded year-over-year increases in both sales (7%) and median price (5%) in September 2019. The inventory of home available for purchase, however, saw a second consecutive decline after nine months of positive postings.

According to a new report by the American Public Transportation Association and the National Association of Realtors, neighborhoods located within a half mile of public transit services outperformed those in areas farther from public transit based on a number of factors.

According to CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas, shows a national rent increase of 3% in August 2019.

According to new research from Redfin and LinkedIn, Charlotte, North Carolina and Buffalo, New York are among the best metro areas for software engineers to buy a home.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 4, 2019, mortgage applications increased 5.2 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 InternationalLiving.com's 2018 Global Retirement Index, Costa Rica takes the top spot for the first time in the index's history.

According to InternationalLiving.com's recently released 2017 Global Retirement Index, the top retirement destination in the world this year now goes to Mexico.

According to InternationalLiving.com's 2017 Global Retirement Index, Mexico gets top marks as the best place to retire based on cost of living, retiree benefits, climate, healthcare, and more.

According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week.

Last Updated October 8, 2019 9:00 AM ET

Europe

According to international property consultant Knight Frank, demand for the acquisition of prime London property continues to be negatively influenced by political events in 2019.

According to Daft.ie, Ireland housing prices in the third quarter of 2019 were just 0.1% higher than a year previously, effectively marking the end of six years of rising housing prices.

UK house prices remained flat in August 2019 to leave nationwide annual growth at 0.6%. Savills now expects average house price growth to be flat in 2019, down from the prediction of 1.5% growth predicted last November 2018.

According to Ireland property portal Daft.ie, the number 13 is a very unlucky when it comes to Ireland home addresses, or dates on a calendar when selling.

According to Daft.ie, Ireland rents rose by an average of 6.7% nationwide, in the year to June 2019. This marks the lowest rate of rental inflation across the country since the final quarter of 2013.

According to International property consultant Knight Frank, political uncertainty continues to have a tangible impact on sales activity in London's Prime Residential marketplace.

Last Updated October 1, 2019 8:03 AM ET

Asia Pacific

Property developers are speeding up the launch of new residential projects and lower asking prices to maintain sell-through rates ahead of the implementation of the much heralded vacancy tax.

Hong Kong's current political crisis and economic uncertainty could make almost anyone despair for the future of the property market in this Special Administrative Region of China.

Only two remaining residential sites to be tendered on the Kai Tak runway could enjoy Victoria Harbour views after the government awarded the tender for Kai Tak Area 4C Site 1 site.

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.

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.

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.

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.

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.

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.

According to property portal Bayut, Al Reem Island is the most in-demand area among Abu Dhabi tenants this year with studios, 1-beds and 2-beds commanding AED 60k, 82k and 120k, respectively, (14% decline from 2016).

Oman's GDP growth is expected to rise to 5.2% next year, aided by the introduction of natural gas production at the Khazzan gas field and the opening of the new airport in Muscat.

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