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...The upper tribunal, which ruled this month, found partly in favour of the landlord but said it had “failed to demonstrate” that it was entitled to any more than £579,000 of the £1.6mn....
...The loans were tied to its residential portfolio and development pipeline....
...So far, its lending has funded 1,800 homes. It has financed projects including 316 rental homes in Bath and a joint loan with insurance group Generali for 65 homes for sale in Canary Wharf....
...Across the 37 industrialised OECD countries, nominal house prices grew 2.1 per cent in the third quarter of 2023 compared with the previous three months, up from near stagnation at the start of last year...
...Year on year, the average asking price rose 1.7 per cent across all property types, the highest annual rate in 12 months, according to the portal....
...Its market value peaked in 2021 at €1.3bn. It is worth less than a third of that today after sales cratered....
...The BoE also released figures that showed consumer credit rose more than expected to £1.9bn in January, from £1.3bn in the previous month, adding to signs of a revival in spending....
...In Great Britain overall, the average monthly rent stood at £1,200....
...This should support residential investment going forward: recall that the single-family sector is a bigger driver of GDP growth than multi-family....
...Residential property prices fell 0.3 per cent in the EU in 2023 and 1.1 per cent in the eurozone, according to data from Eurostat on Thursday....
...“Rents were already incredibly unaffordable even before the recent bout of high rents,” said Neal Hudson, a housing market analyst at Residential Analysts, adding that this has been driven by “rising wages...
...The property site forecasts that 1.1mn homes will be sold in 2024, up 10 per cent on last year’s total....
...The average house price fell 1 per cent month on month in March, down to £288,430 from February, when UK house prices hit a 16-month high of £291,338....
...The worst-performing areas were the south west of England and East Anglia, where house prices fell by 1.7 per cent and 1.3 per cent....
...Tom Bill, head of UK residential research at estate agency Knight Frank, said “an issue of affordability” had been the “primary reason” for London’s underperformance over the past eight years....
...A quarter (25.1 per cent) of London homes for sale have gone for more than their asking price in the first three months of this year, slightly ahead of the 24.5 per cent figure for England and Wales as a...
...In December, she bought a three-bedroom town house in Matraville in the Eastern Suburbs, a 15-minute walk from Malabar beach, for A$1.1mn....
...Eurozone residential property prices in the fourth quarter fell 0.7 per cent from the previous quarter and 1.1 per cent from a year earlier, according to data from Eurostat....
...More than 1.2mn households are on the waiting list for a social home. “There is a time bomb that is being created by the inability of housing associations to respond to needs,” said Hackett....
...Expectations of a rate cut by the Bank of England later this year have helped the residential property market recover from the lows of 2023, but transaction levels are still low....
...In January inflation stood at 4 per cent, well below a 40-year high of 11.1 per cent in October 2022....
...The company expects 1.1mn UK home sales in 2024....
...Bellway’s private reservation rate stood at 0.43 per site per week on average in the six months to the end of January, but picked up to 0.59 in January and 0.67 since February 1....
...Economic data: New monthly residential construction is expected to have increased in February to an annualised pace of 1.42mn units, from about 1.3mn in January, according to economists polled by Reuters...
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