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...On Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices,...
...More than 23,000 homes have already started construction and expenditure is on track.”...
...Lending to support construction is higher risk....
...China Construction Bank has filed a winding-up petition in Hong Kong against property developer Shimao in a rare case of a major state-owned financial institution initiating offshore legal action against...
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
...“We felt like there were good deals to be had on local properties right now, which might disappear.”...
...“The slight rise in the housing activity balance . . . took it to its highest level since November 2022 and implies housing construction has now stabilised,” said Matthew Pointon, senior property economist...
...The property groups said the changes have an immediate impact because the tax that a buyer would have to pay on an eventual property sale factors into their current valuations and plans for development and...
...Investors have been focused on how China’s slowing economy and property crisis will affect companies operating there....
...Derhy therefore decided to offer 12 works for sale on her Instagram page that could be bought in monthly instalments. Everything sold within a few hours....
...Nearly 70 years later, Carven heralded its latest incarnation with a quieter statement: a blank page....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...This was impacting their business plans as higher mortgages made property harder to afford for many households About 40 per cent of respondents still reported problems in hiring the likes of bricklayers...
...Addressing skills shortages, supply chain challenges, and competition in the construction sector is crucial....
...Collaboration across the construction industry is also starting to happen, with property company Grosvenor teaming up with architects and engineers in 2021 to research ways to make construction more circular...
...UK construction activity contracted in October, according to a data published on Monday, driven by the 11th consecutive monthly fall in housebuilding on the back of higher borrowing costs....
...The result has been a devastating loss of confidence that has led to the country’s residential property market being among the worst performers in Europe....
...“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...
...The work is beginning to move from fundamental physics — understanding the properties of electrons — to potential applications in materials science fields such as electronics, biotechnology and nanotechnology...
...“As a landlord with a single property or two properties, it’s horrendous,” Creamer said....
...L’Objet Sumi collection, from £30....
...Creditors of South Korean builder Taeyoung Engineering & Construction have approved a debt restructuring plan, as the country’s financial sector wrestles with high interest rates and a property market downturn...
...Even as Germany takes a page out of the American playbook, it also seems that a US price on carbon — long seen as politically unworkable — could come to fruition....
...Big landlords such as Vonovia and Aroundtown have announced big writedowns of their property portfolios....
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