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...Rachel Dickie, executive director of investment at Grosvenor said that there was “no lack of equity or debt wanting the finished product” in residential property....
...Yianis said that property tribunals had found that the two other companies were “accountable persons” under the act for the four residential buildings within the Canary Riverside development....
...However, the remaining correction “is going to be a moderate one”, said Broyer. The global house price decline has been generally milder than expected....
...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.”...
...Elevated mortgage rates have made it difficult for many people to buy a property, adding to rental demand....
...“Unless it is an incredibly rare house, such as one right on the coast or one that’s considered the best of the best, with no defects or in the perfect location, many properties in Cornwall are going for...
...Tom Bill, head of UK residential research at estate agency Knight Frank, said “an issue of affordability” had been the “primary reason” for London’s underperformance over the past eight years....
...Residential property appears to be faring better, supported by strong demand from tenants and growing rents. Don’t believe that will last....
...In Germany, say, where residential landlord Vonovia paid €18bn for rival Deutsche Wohnen. Or in Sweden, where SBB pursued an aggressive roll-up of health and education property....
...Banks charge more for high loan-to-value mortgages, given the higher risk to the lender should the property fall into negative equity....
...So I say scrap all these crazy property taxes and replace them with land value tax. Carol Wilcox Christchurch, Dorset...
...Meanwhile, residential property prices are getting cheaper. Indices point to a 5-7 per cent decline in house prices since the 2022 peak. Residential yields are now between 4 and 5 per cent....
...Big housing associations in England have warned that building new affordable homes is becoming financially impossible, worsening the downturn in property supply....
...mortgage approvals in January rose much more than expected, reaching their highest level since October 2022 as borrowing costs fell, according to data by the Bank of England that points to a recovery in the property...
...“Recent stock market gains have enhanced the purchasing power of higher-end consumers,” says Jonathan Miller, professor of residential real estate at Columbia University in New York....
...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....
...The property site forecasts that 1.1mn homes will be sold in 2024, up 10 per cent on last year’s total....
...They asked the Treasury to create a carve out that would maintain the tax breaks for “large-scale residential property acquisitions”....
...“More than one kind of metric is showing this, so we can have a little more confidence in the signs of recovery.”...
Rics survey for March reports highest level of buyer inquiries in two years although sales were slightly down month-on-month
...If it pursues more of this expensive, collateralised funding, SBB may have to raise equity from its residential portfolio, worth SKr29bn (€2.5bn), most likely by a private sale....
...This should support residential investment going forward: recall that the single-family sector is a bigger driver of GDP growth than multi-family....
...But Greece’s housing market has been one of the strongest in the region according to data from the Bank of Greece, which recently showed residential property prices rose 13.4 per cent last year....
...Despite long-running concerns that the UK’s housing shortage is worsened by second-home owners leaving properties empty, Britain also has one of the lowest rates of second-home ownership in Europe and one...
...“Greenwich is one of Sydney’s lesser-known havens....
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