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...The failure of Signa, a property empire built over the past two decades by its politically connected, billionaire founder Benko, has been the highest-profile casualty of the strains across Europe’s commercial...
...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...Rents rose on average by 9.2 per cent last month, the biggest annual increase recorded since the Office for National Statistics began collecting the data in 2015....
...House prices are “close to the bottom in many places and recovering in a lot of places”, said Tomasz Wieladek, economist at investment company T Rowe Price....
...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.”...
...The drop left London the worst-performing region in the UK, even as it remained the most expensive part of the country, with a typical property costing £503,000, well above the national average of £281,000...
...Several state banks last year unveiled new credit lines to companies including Country Garden as part of government support for the property market. But Country Garden’s sales kept falling....
...The FTSE 250 £1bn Fidelity China Special Situations trust will absorb the assets of Abrdn’s China Investment Company....
...Everest is a property casualty reinsurer and primary insurer based in Bermuda. It is very cheap on a forward price/earnings basis (6x) though a bit less so on price to book (1.4x)....
...The jump in average private rents in the year to March marked the biggest annual percentage change since the Office for National Statistics began collecting data in 2015....
...The company, run by billionaire Warren Buffett, is worth roughly $875bn, a sum that includes a record $167.6bn cash pile. HomeServices declined to comment....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...UK rents rose by a record 9 per cent last month, according to the Office for National Statistics....
...England’s housing has become more affordable since a spike in prices during the Covid-19 pandemic, but experts warned home ownership is set to remain out of reach for many because the cost of property is...
...Big housing associations in England have warned that building new affordable homes is becoming financially impossible, worsening the downturn in property supply....
...The company increased its total revenue by 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
...“From my perspective, it is as bad as it has ever been,” said Honeyman, who cited last year’s changes to national planning policy — which softened local housing targets....
...When interest rates rose, higher discount rates hit valuations for companies seen as growth plays. The tech sector later rallied on AI hopes. But payments groups stayed in the doldrums....
...As part of a snapshot of the national market, Rightmove, the property website, found the number of sellers listing their homes in the capital on Thursday last week was 39 per cent higher than the previous...
...This has been required to list a property on a database known as the multiple listing service (MLS). The latter aggregates properties for sale regionally and is controlled by the NAR....
...The bank originated as the Nippon Credit Bank, which was among the highest-profile casualties of the protracted fallout from the collapse of Japan’s 1980s property bubble....
...The figures lag more commercial data provided by companies such as the property website Zoopla, which predicts that rent increases will outpace wages for the rest of the year....
...The SFO worked with the UK’s National Crime Agency to carry out the operation....
...He said the government plans to force second-home owners to seek planning permission to create new short-term lets, and create a mandatory national register of short-term rental properties....
...Britain established the world’s first postal savings system in the 1860s, today known as National Savings and Investments....
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