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London Hotels Enjoying a Flight to Quality
According to a webinar hosted by HVS, London’s hotel market will return to pre-pandemic performance levels, but is unlikely to return to growth until at least 2024 or 2025. While the majority (38%) of the 300 webinar attendees said in a poll that they did not expect hotel RevPAR to reach 2019 levels until 2023,…
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Asia Pacific Hotel Sector Enjoys $8.5 Billion of Investment in 2021
Based on JLL’s newly released annual Hotel Investment Outlook Report, Asia Pacific’s hotel market recorded a sharp investment rebound in 2021, but levels still remain below pre-pandemic levels as the industry recovery continues. JJL further reports transaction volume in Asia Pacific totaled $8.5 billion, accounting for 13% of total global hotel volume. This level of activity…
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Turks and Caicos Vacation Home Sales Enjoy Record-Breaking 2021
ccording to Turks & Caicos Sotheby’s International Realty’s End of Year 2021 Report, the islands saw a record-breaking 158.5% increase in annual sales compared to 2020. The islands also reported that single-family homes accounted for 49% of the total TCI real estate market last year and experienced price increases of 30%, with over 38 homes…
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Global Commercial Investment Hits $282 Billion in Early 2022
Commercial investment volume increased by 34% year-over-year in Q1 According to new data by CBRE, global commercial real estate investment volume increased by 34% year-over-year to $282 billion in Q1 2022. Investment was up by 47% in the Americas, 25% in EMEA and 5% in Asia-Pacific. Note that all investment totals and percentage changes cited…
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Life Sciences Sector Providing Upside to Asia Pacific Landlords
According to global real estate consultant JLL, rapid expansion in the life sciences sector will provide substantial opportunities for commercial property owners and developers in Asia Pacific, as real estate becomes a priority for companies that provide health and medical products and services. JLL further reports life sciences-focused companies in Asia Pacific are primed to…
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Commercial Real Estate Lending in U.S. Maintains Momentum in Q1
According to the latest research from CBRE, commercial real estate lending activity edged up in the first quarter of 2022, despite rising inflation and heightened geopolitical risks. The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., increased by 69% year-over-year and 5.5% quarter-over-quarter, and is now 50%…
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U.S. Builder Confidence Implodes on Rising Interest Rates, Inflation Woes
The National Association of Home Builders is reporting this week that U.S. builder confidence took a steep drop in May 2022 as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand. Builder confidence in the…
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Economic Headwinds, Rising Rates Stall Single Family Housing Starts in the U.S.
According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market. Due to a surge in multifamily production, overall housing starts held fairly…
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U.S. Home Sales Slide to Pre-Pandemic Levels in April
Third consecutive monthly sales decline in 2022 ccording to the National Association of Realtors, existing-home sales recorded a third straight month of declines, slipping slightly in April 2022. Month-over-month sales were split amongst the four major U.S. regions, with two areas posting gains and the other two experiencing waning in April. Year-over-year sales struggled, as…
