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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...
...allows the owner to reside in a property and sell that right on, although ultimately the building is owned by a landlord or freeholder....
...While UK and the US mortgage rates have ticked up in February, they remain well below national peaks reached in 2023....
...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.”...
...Brexit and mortgage regulatory changes also played a role, according to Richard Donnell, executive director at property consultancy Houseful....
...The ONS figures cover the entire stock of privately rented properties, which means they lag prices for new-let agreements, and separate data has indicated that the rental market is now cooling....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...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....
...Average UK private rents increased 9.2 per cent in the 12 months to March, up from 9 per cent the previous year and the highest figure since the series began in 2015, according to the Office for National...
...Property casualty reinsurance is not cyclical, so it’s not a bet on a confusing economy; pricing and contract terms in reinsurance in particular are better and tighter now than they have been in years; and...
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...The system de facto forced sellers to hire realtors in order to expose their homes to buyers and to be advertised on multiple listing services, which are central databases of properties, thus violating antitrust...
...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....
...to the Rightmove property portal....
...according to data released by the Office for National Statistics on Monday....
...Why Set on 40 acres, the property comes with outbuildings including stables, barns and a workshop....
...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....
...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....
...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...
...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....
...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 company operated for seven years and promised investment returns of between 8 per cent and 15 per cent, according to the SFO....
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