According to national property broker Redfin, demand for vacation homes in the U.S. has dropped sharply for the second month in a row in March 2022, with mortgage-rate locks for second homes at their lowest level since May 2020.
According 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.
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.
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.
According to national property broker Redfin, demand for U.S. vacation homes was up 77% from pre-pandemic levels in December 2021. This is slightly below the 80% increase in November and the record 92% gain in January, but up significantly from the 2021 low hit in August.
Posted on December 24, 2021
Posted on May 10, 2021