We’ve just secured a new listing today—a perfect opportunity in Los Angeles! This new construction property boasts a cap rate exceeding 6.8% and includes a five-year master lease signed with the city. Located less than a mile from one of the largest hospitals in LA and the USC Health Sciences Campus, it offers substantial potential. If this is of interest to you or someone in your network, don’t miss out—reach out today!
USA
The latest report from Realtor.com identifies Lubbock, Texas, as the top U.S. housing market where buyers hold the most leverage. Despite fluctuating mortgage rates and rising prices, certain metro areas in the U.S. offer favorable conditions for buyers, particularly where inventory has surged, leading to longer time on the market and opportunities for negotiation. Nine out of the top ten markets are in Florida, with Punta Gorda ranking second, where buyers are benefiting from price corrections following the pandemic boom.
Source: 10 U.S. Housing Markets Where Buyers Have the Most Power Right Now
U.K.
The U.K. property market is showing signs of recovery, with the number of homes for sale reaching a seven-year high. This increase in inventory is coupled with rising demand, as a recovering economy boosts consumer confidence. Although prices in London have seen minimal growth, broader market conditions are improving, supported by easing borrowing costs and positive economic indicators. However, sellers are advised to remain cautious with pricing as buyers continue to be price-sensitive.
Source: U.K. Homes for Sale Hit Seven-Year High as Market Gains Momentum
Canada
Prime Minister Justin Trudeau’s government frees up public lands to tackle the housing shortage by identifying 56 federal properties, equivalent to the size of 2,000 hockey rinks, for the development of affordable homes. These sites will be part of the Canada Public Land Bank, with some already available for long-term leasing in major cities like Toronto and Montreal. The initiative aims to build up to 3.9 million homes by 2031, potentially creating 250,000 new residential units. A C$500 million fund has also been established to acquire additional land. This move comes as Trudeau’s government faces declining poll numbers due to rising living costs.
Source: Canada Frees Up Public Lands to Tackle Housing Shortage
Australia
Australian home prices are projected to increase by over 6% nationally in 2024, driven by a persistent housing shortage and strong population growth. Despite the highest interest rates in 13 years, the housing market remains resilient, with prices having recouped losses from 2022. The Reserve Bank of Australia's rate hikes have had little impact on the market, which saw significant growth in cities like Perth, Adelaide, and Brisbane. However, this trend is making it increasingly difficult for first-time buyers, pushing more people towards renting, as home affordability continues to decline.
Source: Australian Home Prices Keep Rising as Supply Remains Tight
Dubai
Dubai’s real estate market is thriving, driven by an influx of wealthy investors from countries like Turkey and Egypt, who are seeking to protect their wealth amidst currency fluctuations. Binghatti Properties, a prominent developer, is planning to add 12,000 homes to the city over the next two years, capitalizing on the strong demand. Despite a slight moderation in price increases, the market continues to attract international buyers, particularly in high-end residential investments.
Source: Dubai Developer Says Rich Turks, Egyptians Helping Fuel Property Boom
Singapore
Singapore has ascended to 13th place in the Global Real Estate Transparency Index, reflecting its highly transparent market, now ranked second in Asia. The city-state’s advancements are attributed to its focus on sustainability and the integration of digital services within the real estate sector. This recognition is likely to bolster investor confidence and attract more international interest in Singapore’s property market.
Source: Singapore Climbs to 13th Place in Global Real Estate Transparency Index
America Mortgages Weekly
2024 Housing Market Showdown: What's Your Next Move?
As the 2024 election approaches, Trump's potential deregulation and tax cuts could boost U.S. real estate, while Harris might focus on affordable housing and stability, possibly slowing market growth. America Mortgages offers tailored loan solutions to help non-resident investors navigate these changes.
For more insights, visit: www.americamortgages.com
