Hints and tips:
Related Special Reports
...Commercial property values have been hit by rising interest rates and fears about the health of the office market....
...Some investors have been reluctant to buy assets for fear that their prices have further to fall as higher interest rates decimate property values....
...The deficit underscores risks for tens of thousands of individual investors who have ploughed money into the unlisted property fund, Blackstone’s first product for wealthy retail investors....
...The commercial property market has suffered a brutal adjustment to much higher interest rates, which have slammed property values and increased financing costs in a market that relies heavily on debt to...
...The average asking prices for properties of up to two bedrooms, which Rightmove classifies as being for first-time buyers, was almost flat month on month at 0.3 per cent....
...“Thousands of people in host cities have opened their homes for the first time, and more than half of listings that have received a booking did so in less than seven days.”...
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...The average first-time buyer property was valued at £270,602. For those renting, saving to buy has become a bigger challenge as rents have risen sharply in recent years....
...UK house prices fell for the first time in six months in March, according to the lender Halifax, surprising economists and adding to signs of inconsistency in the property market recovery....
...Short-term rates are popular in the UK for their low initial cost and the flexibility they allow for borrowers who foresee themselves flipping their first home to move up the property ladder....
...To see the range of buyers open up more substantially, you’re going to need to see the first [base] rate cut and then a more meaningful improvement in mortgage rates.”...
...Just 6 per cent of new mortgages taken out in the first three months of the year were trackers, according to John Charcol; nine in 10 were fixed; in all, half were two-year fixes....
...Elevated mortgage rates have made it difficult for many people to buy a property, adding to rental demand....
...potential sellers balked at trading in their low-rate mortgages for ones with higher rates, while prices moved out of reach for many first-time buyers....
...UK lenders reported a return to growth in the demand for mortgages in the first three months of 2024, according to the latest official data, providing further evidence of the property market stabilising....
...“The first month was like: ‘I need this and I need this,’” she said. “That’s where the rumour mill came from.”...
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...Rates in China have edged lower in the past year after a post-Covid bounce-back failed to fully materialise. New data last week showed GDP added 5.3 per cent in the first quarter, beating expectations....
...The property site forecasts that 1.1mn homes will be sold in 2024, up 10 per cent on last year’s total....
...UK investors returned to equities for the first time in six months, as asset managers looked to reorientate their portfolios to account for brighter sentiment on inflation and interest rates....
...Karen Noye, mortgage expert at wealth management company Quilter, said: “The large increase in mortgage rates seen over the last couple of years is really starting to bite for some borrowers and this is...
...“The once steady stream into bond ETFs witnessed a slowdown, reflecting investor recalibration of rate-cut expectations,” says Garcia-Zarate....
...UK house prices rose more than expected in February, posting their first annual increase in more than a year according to lender Nationwide, adding to evidence of a market recovery as mortgage rates eased...
...Figures from Halifax last Friday showed house prices declining for the first time in six months, contrary to expectations....
...European house prices fell for the first time in a decade last year, as strong growth in the property markets of some eastern and southern countries was masked by declines in many northern EU states....
International Edition