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...In recent months, provincial and city-level finance ministries have pushed out dozens of notices on the new guidance, trying to ensure compliance among thousands of purchasers....
...Analysts attributed the trend to the high cost of housing in the capital and the market impact of the pandemic, when many people left big cities....
...Meanwhile, a recent rise in UK home sales and a fall in mortgage rates have created a slightly more hospitable market for buyers....
...UK private landlords typically have interest-only mortgages. That exposes them to steeper cost increases on refinancing than owner-occupiers when rates rise....
...Private rents in London increased 7 per cent in the year to January 2024, according to the Office for National Statistics, the highest increase on record....
...Homebuilder confidence this month dropped to its lowest level since January as higher rates drove some buyers away and raised construction costs, the National Association of Home Builders said....
...A total of $117bn in commercial mortgages tied to US offices will come due this year, according to the Mortgage Bankers Association....
...Adam Walkom, a financial planner and partner at Permanent Wealth Partners, has lots of clients who are City workers in their 30s and 40s....
...Goldman adds that differences in debt levels between cities muddy the fiscal picture: heavily indebted cities need to cut spending to pay down debt, while less indebted ones need to step up investment....
...“The city feels as vital as it has ever been: we wanted to be ahead of the curve; we didn’t want to get into a bidding war.”...
...Further easing home purchase restrictions in mega cities, additional cuts in mortgage rates and minimum down payments, and further relaxation of the hukou system (household registration) in cities with more...
...But does the money make up for the travails of Stoke City?...
...Last Sunday, the city’s National Football League franchise, the Ravens, narrowly lost their bid for a berth in the Super Bowl, following defeat at the hands of defending champions, the Kansas City Chiefs...
...The investments in Turkey’s aviation sector have not been limited to its flagship airport in Istanbul, the country’s biggest city....
...An estimated $1.2tn of US CRE debt is maturing in the next two years, according to the Mortgage Bankers Association....
...The French national assembly is set to vote on Monday on a draft law that would give local authorities broad powers to set quotas on short-term rentals or impose compensation mechanisms, such as requiring...
...“These markets saw more significant falls [than city locations] as buyers focused more on the practicalities of commuting and limited how much debt they were prepared to take on,” says Lucian Cook, head...
...The city’s unemployment rate remains well above the national average....
...Price gains in certain US cities have far outstripped the national average, which is up 6.7 per cent since its January low, according to the S&P Case-Shiller national index....
...On the first day of the National People’s Congress, the country’s rubber-stamp parliament, Li also outlined a plan to issue Rmb1tn of ultra-long-term special treasury bonds to implement “major national strategies...
...“I’m always so happy to be back in this remarkable city,” he wrote in a post on Chinese social network Weibo....
...“Getting a mortgage for 3 per cent, rather than the 7-8 per cent rates in the US, made it seem a good investment right now....
...The Tom Brady era at Birmingham City is off to a bumpy start....
...How the Ford family revived the Detroit Lions Ten years ago last July, the city of Detroit became the largest US city to ever file for bankruptcy, laden with more than $18bn in debt after decades of industrial...
...The next worst performer, Valley National, is down 25 per cent. NYCB is alone. So are we all whistling past the graveyard?...
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