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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.”...
...Elevated mortgage rates have made it difficult for many people to buy a property, adding to rental demand....
...He added that parts of the country where properties were more affordable had generally performed better....
As interest rates stay higher for longer, those looking to refinance face some difficult choices
...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...
...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....
...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
...Benko — whose personal wealth was once estimated by Forbes at $6bn — and his two family foundations in Austria have also declared themselves insolvent....
...for personal use only....
...Thursday, as buyers looked to market their properties ahead of the Easter weekend....
...Primary Health Properties’ boss has snapped up £69,000 of shares in the hospital and primary care centre developer and landlord ahead of his retirement at the end of this month....
...The professional body’s survey is closely monitored as a timely measure of the property market....
...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....
...But analysts said the property market was on the mend....
...In Europe, countries including Greece, Spain and Portugal joined the club about three decades later, in some cases to prop up flagging property markets....
...Higher borrowing costs on mortgages prompted some landlords to pass on increases to tenants or sell their properties....
Demand, on the other hand, is not helping US housing markets
...It is in talks to buy a £230mn property on London’s New Bond Street....
...acquired in the UK property....
...The British Property Federation said the change could hit investors wanting to buy badly needed rental homes....
Official data reflects impact of elevated borrowing costs on households
...“Previously, older borrowers may have used [mortgages] for home improvement, travel or to help a younger family member get on the property ladder,” said David Hollingworth, associate director at L&C, a mortgage...
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