The French Riviera ranks amongst the most stable second home markets in Europe. The upper market segment in particular is characterized by a level of demand that remains consistently high. According to Hamburg, Germany-based international real estate firm Engel & Völkers, prime locations in the French Côte d'Azur are reaching new price highs. Read More
Global economic turmoil since 2008 has led to sharply different responses from luxury developers around the world today, says Knight Frank's newly released 2012 Global Development Review Report. Knight Frank's reports shows luxury residential development in 14 key locations around the world reveals that 50%-60% of demand for newly-built property ... Read More
Ashutosh Limaye, Head of Research & Real Estate Intelligence for Jones Lang LaSalle India tells the World Property Channel, "As India's economy shows signs of decreasing GDP growth rate, the residential real estate industry faces its own share of issues. Read More
According to London-based real estate firm Knight Frank, the third quarter saw mounting pressures on the global economy with politicians seemingly helpless to get to grips with the eurozone debt crisis. This has reawakened fears of a double dip recession, not just in Europe but around the world. Read More
(LONDON, ENGLAND) -- The vast transformation of the Stratford area of East London and the huge investment in its infrastructure is fast making London's Olympic zone a highly sought after area for professionals seeking rental property. The newly launched Stratford Halo project is investment opportunity pitching strong rental yields. Read More
(PORTO CRISTO, MALLORCA) -- Spain is experiencing far from a bullish economy these days but that's not the case in Mallorca. This treasured Balearic Island has maintained its stronghold as a highly desirable investment destination. Case in point is Taylor Wimpey España's property sales rose by 15 percent ... Read More
According to London-based Knight Frank, London's investment market has delivered strong returns for investors over the past two years. For those brave enough to enter the market in the months immediately after the Lehman collapse two and a half years ago, total annual returns have averaged 18.2%, before gearing. Read More
According to London-based Knight Frank, price levels of London's prime residential developments are projected to reach over £10,000 (approximately USD $13,000) per square foot by 2016. The research, which sums up the sector over the past decade and looks to its immediate future, analyzing the effect of One Hyde Park, ... Read More
Based on a new report by London-based Knight Frank, price growth in the prime central London market continued through October with a further 0.7% rise. Prices have been rising strongly since April 2009, and are now more than 5% higher than their previous peak in March 2008. Read More
(MIAMI, FL) -- Raul Castro, Fidel's brother, has just made a significant move to open up Cuba's real estate market. Since 1959, Cubans have had to go through months, if not years, of wading through local government bureaucracies, mountains of paperwork and even corruption in the forms of pay-offs to get approval to buy or sell a piece of property in Cuba. Read More
Hong Kong and Asia jetsetters are now the target buyers for the newly opened luxury Residences at W Retreat Koh Samui. Read More
Based on a new report by London-based real estate consultancy firm Knight Frank, prime properties in the world's global cities were considered 'safe haven' investments by savvy minded investors for the past three years. Against a backdrop of sovereign debt concerns and geo-political uncertainty wealthy investors sought the stability of luxury property in key cities such as London, Moscow and Hong Kong. Read More
(MALLORCA, SPAIN) -- Exclusive estate agent Mallorca Sotheby's International Realty has noted a widening price gap between premier sea-view homes and the countryside equivalent. With requests for Mediterranean-front property outweighing inland by a huge ratio of five to one, premium prices are commanded and paid. Read More
According to London-based Knight Frank/Markit's October House Price Sentiment Index (HPSI), the rate of home price declines increased in October, and that prices are perceived to have fallen every month since July last year. Nearly a quarter of the 1,500 households surveyed said that the price of their home had fallen this month, Read More
Situated in the village of Torrita di Siena near Montepulciano, Siena and Florence, Keller Williams NYC has just listed a magnificent villa in the heart of Tuscany for $53 million. Richard Tayar, Director of Italian Property Services is the exclusive agent for Tenuta di Petriolo. Read More
According to Chesterton Humberts/CEBR House Price Poll of Polls for September 2011, the U.K. housing market is showing increased stability driven by rising mortgage approvals and improving credit availability. CEBR's Poll of Polls saw a marginal rise in house prices this month, Read More
This past week Philippine-based Century Properties announced that it is bringing the Trump brand to the Philippines through the newly announced Trump Tower Manila, a $150 million dollar (USD) mixed used project. Read More
Based on Knight Frank's newly released Prime Global Rental Index report, residential rents for prime property across key global cities rose by 1.7% in the second quarter of 2011 which represents the index's eighth consecutive quarterly rise. In annual terms rents increased by nearly 9%, the index's strongest performance since Q2 2008 when rents rose by 14.7%. Read More
(MALLORCA, SPAIN) -- Spanish tourism group FRONTUR is reporting strong summer tourism numbers for Spain's both residential resort and hotel industries. Last month, FRONTUR reported 7.64 million foreign tourists visited Spain, a 9.4 percent increase over the same month in 2010. The August numbers marked an all-time monthly high for the country. Read More
(PEARL ISLAND, PANAMA) -- Leading luxury resort investor and developer Dolphin Capital Investors is working together with Panamanian based Grupo Eleta to deliver a unique private island escape called Pearl Island. Read More
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What do you think the economy will do during the rest of 2012?
| U.S. Mortgage Rates | Current Rate | Last Week |
|---|---|---|
| 30 yr. Fixed | 3.85% | 3.89% |
| 15 yr. Fixed | 3.18% | 3.22% |
| 5/1 ARM | 2.85% | 2.87% |
Source: Bankrate.com
| U.S. Housing Stats | Nov. 2011 | Oct. 2011 |
|---|---|---|
| Existing Home Sales (Annualized Rate) | 4.42m | 4.25 |
| Existing Home Prices (Median) | $164,200 | $162,500 |
| Existing Home Inventory (all U.S.) | 2.58m | 2.73m |
| Existing Home Supply (Months) | 7.0 | 7.7 |
| New Home Sales (Annualized Rate) | 315,000 | 307,000 |
| New Home Prices (Median) | $214,100 | $212,300 |
| New Home Inventory (all U.S.) | 158,000 | 162,300 |
| New Home Supply (Months) | 6.0 | 6.3 |
| Building Permits (Single Family) | 435,000 | 428,000 |
| Housing Starts (Single Family) | 447,000 | 437,000 |
| Housing Completions (Single Family) | 440,000 | 443,000 |
| Pending Home Sales Index (PHSI) | 92.2 | 89.1 |
| Home Builder Confidence Index (HMI) | 20 | 17 |
Source: NAR & U.S. Commerce Department
| U.S. Foreclosure Stats | Nov. 2011 | Oct. 2011 |
|---|---|---|
| Residential Filings | 224,394 | 230,678 |
| Year Over Year % Change | 14% | 31% |
Source: RealtyTrac
Global Regions Home Price Index (3Q, 2011)
| Region | Annual Price Change | Last Quarterly Change |
|---|---|---|
| Asia Pacific | 6.94% | 0.20% |
| Europe | -0.53% | -0.14% |
| Latin America | 7.62% | 2.56% |
| Middle East / Africa | 2.30% | -0.74% |
| North America | 0.04% | 1.31% |
Source: Knight Frank
50 Country Home Price Index (3Q, 2011)
| Country | Annual Price Change | Quarterly Change |
|---|---|---|
| 1. Hong Kong | 19.3% | -1.1% |
| 2. Estonia | 14.3% | 3.0% |
| 3. India | 13.9% | -0.6% |
| 4. Taiwan | 12.7% | 1.7% |
| 5. Slovenia | 9.0% | 4.7% |
| 6. China | 8.9% | 2.0% |
| 7. Norway | 8.3% | 0.3% |
| 8. Colombia | 7.6% | 2.6% |
| 9. France | 6.7% | 2.8% |
| 10. Iceland | 6.7% | 1.7% |
| 11. Malaysia | 6.6% | -1.3% |
| 12. Turkey | 6.3% | 2.1% |
| 13. Singapore | 6.2% | 1.1% |
| 14. South Africa | 5.5% | 1.1% |
| 15. Austria | 5.1% | 4.1% |
| 16. Indonesia | 4.5% | 0.5% |
| 17. Luxembourg | 4.4% | 2.3% |
| 18. Switzerland | 4.2% | 0.3% |
| 19. Canada | 4.0% | 3.8% |
| 20. Germany | 2.8% | 2.7% |
| 21. Belgium | 2.8% | -0.8% |
| 22. New Zealand | 2.7% | 1.6% |
| 23. Israel | 2.7% | -3.3% |
| 24. Morocco | 1.4% | 1.1% |
| 25. Finland | 1.3% | -1.1% |
| 26. Lithuania | 1.2% | -3.2% |
| 27. Sweden | 1.1% | 0.0% |
| 28. Malta | 0.1% | 2.0% |
| 29. Dubai, UAE | -0.3% | -1.8% |
| 30. United Kingdom | -0.5% | -0.1% |
| 31. Denmark | -0.5% | -0.5% |
| 32. Croatia | -0.9% | 0.8% |
| 33. Italy | -1.4% | -0.4% |
| 34. Australia | -2.2% | -1.2% |
| 35. Hungary | -2.7% | -1.9% |
| 36. Netherlands | -2.9% | -1.1% |
| 37. Portugal | -3.2% | -2.1% |
| 38. Japan | -3.2% | -0.8% |
| 39. United States | -3.9% | -1.2% |
| 40. Greece | -4.1% | -2.1% |
| 41. Slovak Republic | -4.3% | -0.6% |
| 42. Jersey | -4.3% | -5.0% |
| 43. Latvia | -4.9% | -1.0% |
| 44. Czech Rep. | -5.2% | -0.6% |
| 45. Spain | -5.5% | -1.3% |
| 46. Poland | -5.8% | -2.4% |
| 47. Bulgaria | -6.1% | -0.8% |
| 48. Cyprus | -6.6% | -0.9% |
| 49. Ukraine | -8.4% | -3.6% |
| 50. Russia | -10.7% | 1.7% |
Source: Knight Frank
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