Hints and tips:
Related Special Reports
...The property group warned that the number of new home completions would fall from an annual average of about 210,000 over the past five years to 160,000 over the coming year as higher debt costs hit construction...
...More than 23,000 homes have already started construction and expenditure is on track.”...
Utility accuses housebuilder of ‘negligence’ after sewer blocked with concrete
...Lending to support construction is higher risk....
...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,...
...The reading “suggests that the tick up in mortgage rates since the start of the year is weighing on demand for new homes”, said Matthew Pointon, senior property economist at Capital Economics....
...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...
...“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....
...“We felt like there were good deals to be had on local properties right now, which might disappear.”...
...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....
...The benchmark Hang Seng stock index contains 12 property or construction groups and regular auctions of government-owned land for development raise significant sums for the territory’s administrators....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...Nearly 70 years later, Carven heralded its latest incarnation with a quieter statement: a blank page....
...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...The so-called presales model — in which buyers pay for property prior to construction — helped fuel rapid urbanisation, said Zeng at CreditSights....
...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...
...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....
...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....
...“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...
International Edition