×

Residential News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

CDC's COVID Eviction Moratorium Order Comes Under Legal Fire by NAHB

CDC's COVID Eviction Moratorium Order Comes Under Legal Fire by NAHB

The CDC issued a nationwide order that stops landlords from evicting U.S. tenants who are not paying rent through Dec. 31, 2020. Read More »


U.S. Home Sales Jump 9.4 Percent in September, Hit 6.5 Million Annual Rate

U.S. Home Sales Jump 9.4 Percent in September, Hit 6.5 Million Annual Rate

Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories. Read More »

New York Continues to Lose Hundreds of Millions in Tax Revenue from Historic Decline in Real Estate Sales

New York Continues to Lose Hundreds of Millions in Tax Revenue from Historic Decline in Real Estate Sales

Property broker confidence hit a new record low for the third straight quarter in 2020, highlighting deep concerns about recovery efforts. Read More »

New Home Construction in U.S. Spike 11 Percent Annually in September

New Home Construction in U.S. Spike 11 Percent Annually in September

Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. Read More »


Search for Residential Real Estate Listings

Luxury Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »


Regional Residential Real Estate News

Last Updated October 26, 2020 8:13 AM ET

North America

The CDC issued a nationwide order that stops landlords from evicting U.S. tenants who are not paying rent through Dec. 31, 2020.

Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climb in both categories.

Property broker confidence hit a new record low for the third straight quarter in 2020, highlighting deep concerns about recovery efforts.

Single-family starts showed continued growth in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units.

While wealthy retirees moving to Florida and North Carolina contributing to increased Republicans in those swing states

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 16, 2020, U.S. Mortgage applications decreased 0.6 percent from one week earlier.

Last Updated August 21, 2020 9:07 AM ET

Latin America

Employers and workers are embracing the freedom of where to live and work; and if that trend holds, a shift in real estate demand will occur on a global scale.

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.

Last Updated October 19, 2020 9:00 AM ET

Europe

According to property site Daft.ie, the average listed price of housing in Ireland rose by 4.8% between June and September 2020.

The top countries of origin for high-end international home buyers coming into the UK property market -- during the 2020 Coronavirus outbreak -- include the UAE, United States and Australia.

Based on international property consultant Knight Frank's latest Global Residential Cities Index, the annual rate of price growth worldwide declined marginally from 3.6% to 3.4% between March and June of 2020.

According to international property consultant Knight Frank, prime central London home rental values have continued to decline in August 2020, as weaker than normal seasonal demand was compounded by higher levels of supply.

According to Knight Frank's latest Global House Price Index for Q2, 2020, Turkey leads the annual rankings with prices up 25% year-on-year.

Home prices in higher-value areas of London have responded to resurgent levels of activity this summer despite the Coronavirus pandemic.

Last Updated September 8, 2020 8:00 AM ET

Asia Pacific

As Singapore's economy started to reopen in June 2020 during the global Coronavirus pandemic, the residential property market enjoyed relatively brisk activity that translated into an appreciable uptick in transaction volumes.

In the midst of the COVID-19 outbreak and deepened economic weaknesses, monthly transactions volume of high-end residential properties in the first half has dropped visibly compared to previous years in Hong Kong.

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.

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

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

Overall private home prices in Singapore fell by 1.0 per cent quarter-on-quarter (q-o-q) in Q1 2020, according to their URA All Residential Property Price Index.

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.

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).

×
WORLD PROPERTY JOURNAL
 
Free Weekly Newsletter
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO