×

Residential News Edition | WORLD PROPERTY JOURNAL

A Digital Newspaper for the Global Real Estate Industry

Foreclosure Calm Before the Coronavirus Housing Market Storm Begins

Foreclosure Calm Before the Coronavirus Housing Market Storm Begins

There were a total of 48,004 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions. Read More »


Affordable East Coast, Midwest Housing Markets Have Lowest Economic Risk from COVID-19 Recession

Affordable East Coast, Midwest Housing Markets Have Lowest Economic Risk from COVID-19 Recession

Affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March 2020. Read More »

COVID-19 Outbreak Now Impacting U.S. Mortgage Industry

COVID-19 Outbreak Now Impacting U.S. Mortgage Industry

According to new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 27, 2020, U.S. mortgage applications increased 15.3 percent from one week earlier. 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 April 2, 2020 9:00 AM ET

North America

There were a total of 48,004 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions.

Affordable East Coast and Midwest cities have the lowest overall economic risk in the 2020 recession that began in March 2020.

According to new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 27, 2020, U.S. mortgage applications increased 15.3 percent from one week earlier.

Each of the four major regions saw an increase in month-over-month contract activity, as well as growth in year-over-year pending home sales transactions compared to one year ago.

Senate passage of the nearly $2 trillion stimulus package to combat the coronavirus pandemic.

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 March 23, 2020 9:00 AM ET

Europe

Irish property listings site Daft.ie is reporting this week that home rental supply is significantly rising based on the spike of listings posted in March 2020.

The political certainty generated by the general election result produced the highest monthly number of property exchanges in Prime Central London (PCL) in December 2019.

Four years after the UK voted to leave the European Union, creating much uncertainty since then for London's property market, Brexit has finally happened.

Knight Frank is reporting the number of new prospective home buyers registering with them in London rose

The headline rate of the UK's house price growth continued to slow through 2019, leaving annual house price growth for the UK 0.7% at the end of October 2019, down from 3% at the same point last year.

Prime regional country house prices in the United Kingdom were unchanged in the final three months of 2019, taking the annual change in values to -0.8%. Prices have been flat or declining for the past three years.

Last Updated March 24, 2020 9:00 AM ET

Asia Pacific

Singapore-based real estate consultant Edmund Tie is reporting this week that in 2018, the price gap between new and resale private homes stood at a considerable 35%.

Only 40 apartment flats from two new mass residential projects have been launched in the primary market one month after the Chinese New Year (January 25, 2020), compared to the past three years' average of around 530 flats.

To understand the full impact of the Coronavirus epidemic on Chinese cross-border real estate buying in overseas markets, it helps to first understand the situation for these buyers at home, and the original source market of the virus, China.

A muted domestic economy, ongoing trade wars and other geopolitical tensions were all contributors to declining home sales in Singapore in 2019.

According to JLL in its Macau Year-end Property Review 2019, impacted by the cautious investment sentiment caused by the global economic uncertainty, all property sectors in Macau experienced a significant fall in transaction volume last year.

The longest bull market in Hong Kong's property market history has come to an end in the second half of 2019 due to the local social unrest with Mainland China, and related economic uncertainties surrounding it.

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 News Alerts
 

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

GO