Hints and tips:
Related Special Reports
...Elevated mortgage rates have made it difficult for many people to buy a property, adding to rental demand....
...for personal use only....
...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...
...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....
Buying property is not the smartest use of luxury cash flows
...The property site forecasts that 1.1mn homes will be sold in 2024, up 10 per cent on last year’s total....
...Benko — whose personal wealth was once estimated by Forbes at $6bn — and his two family foundations in Austria have also declared themselves insolvent....
...Thursday, as buyers looked to market their properties ahead of the Easter weekend....
...The professional body’s survey is closely monitored as a timely measure of the property market....
...But analysts said the property market was on the mend....
...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....
...Higher borrowing costs on mortgages prompted some landlords to pass on increases to tenants or sell their properties....
...It is in talks to buy a £230mn property on London’s New Bond Street....
Demand, on the other hand, is not helping US housing markets
...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...
...Few are expecting 2024 to be a bumper year for the property market....
...But in New York, some of the best properties coming to market are now sitting for months....
...Research from property broker Redfin in February showed that 36 per cent of young Americans had financial help from family when buying their first home....
...Under intestacy, a married partner inherits the personal property and belongings of the person who has died, up to the first £322,000 of the estate, and half of the remaining estate....
International Edition