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...Kevin Shaw, national sales managing director at the property services company Leaders Romans Group, said: “2024 is off to a good start with more properties coming on and more sales happening.”...
...Rising mortgage rates have been the dominant feature of the property market in the past two years, and a major contributor to the UK’s cost of living crisis....
...Property tycoon René Benko, founder of the Signa group, has filed for personal insolvency in Austria, as a corporate empire that spanned luxury properties and department stores across Europe and the US unravels...
...Elevated mortgage rates have made it difficult for many people to buy a property, adding to rental demand....
...Banks charge more for high loan-to-value mortgages, given the higher risk to the lender should the property fall into negative equity....
...There has been some volatility in recent property market data....
...The property site forecasts that 1.1mn homes will be sold in 2024, up 10 per cent on last year’s total....
Buying property is not the smartest use of luxury cash flows
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...He added that parts of the country where properties were more affordable had generally performed better....
...James Max is a broadcaster on TV and radio and a property expert. The views expressed are personal. X, Instagram & Threads @thejamesmax...
...Thursday, as buyers looked to market their properties ahead of the Easter weekend....
...In Europe, countries including Greece, Spain and Portugal joined the club about three decades later, in some cases to prop up flagging property markets....
...The professional body’s survey is closely monitored as a timely measure of the property market....
...You say you own the property equally. Did you specifically agree this and is it recorded in writing? This will be important. Do you hold the property as tenants in common or joint tenants?...
...But analysts said the property market was on the mend....
...Higher borrowing costs on mortgages prompted some landlords to pass on increases to tenants or sell their properties....
As interest rates stay higher for longer, those looking to refinance face some difficult choices
...Purchasers with plenty of equity — borrowing no more than 60 per cent of the value of the property — can get a two-year fix with Barclays at 4.53 per cent....
...acquired in the UK property....
Demand, on the other hand, is not helping US housing markets
...The British Property Federation said the change could hit investors wanting to buy badly needed rental homes....
...It is in talks to buy a £230mn property on London’s New Bond Street....
...But cohabiting couples do not have the same rights to property and assets as those in a marriage or civil partnership....
Official data reflects impact of elevated borrowing costs on households
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