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...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 of residential...
...Sellers of UK residential property are expected to rein in lofty price expectations this year as buyers remain cautious despite falling mortgage rates, according to agents and housing market experts....
...Policymakers have pointed to downsizing as one element of the solution, so that large homes owned by older people can be made available to families....
...It was a “horrific” time to get a mortgage, she says, referring to the succession of interest rate rises between late 2021 and 2023. “But an inheritance helped, and I think it was a good time to buy.”...
...Selling the loans, sometimes at a discount, is a solution for some who have too much real estate on their books....
...Co-housing communities are just one small part of the solution to this crisis but they should not be overlooked....
...First-time buyers must also choose from fewer mortgages, and are less likely to qualify, says Jonathan Miller, professor of residential real estate at Columbia University in New York....
...In well-heeled Henley-on-Thames, Oxfordshire, Jemma Scott, partner at The Buying Solution, had an octogenarian client battling her octogenarian cohort from the tennis club over a property....
...But would that be the best policy solution for the housing problem in the US? There’s a strong argument to be made that the answer is no....
...Some home seekers have been driven to solutions ranging from living in vans to developing their own internet plug-ins to help snap up desirable homes....
...Hunt said he would also reduce the higher rate of capital gains tax on residential property from 28 per cent to 24 per cent because the measure would raise revenue by stimulating more transactions....
...HSBC, one of the UK’s largest mortgage lenders, said it would withdraw rates for new residential mortgages offered through brokers by 5pm on Wednesday, before announcing new prices on Thursday....
...Downsizing offers part of the solution to what is now a full-blown housing crisis in Britain....
...Other landlords were choosing to make such a move, he said, adding that the only solution was to build more houses....
...“But as time goes by, some of them will find a solution and keep their assets and some of them will have to give up their assets.”...
...Interest rates are rising, mortgage rates are multiplying, and in Britain at least, opinions are divided. Are mortgage holders suffering too much or not enough?...
...Blackstone, meanwhile, invests on behalf of insurers such as Corebridge through its insurance solutions division....
...In Portugal, residential properties have never been so expensive relative to earnings and there is huge angst over local residents being priced out of Lisbon and Porto, its biggest cities....
...Matt Hammerstein, chief executive of Barclays UK, said it had a “dedicated team” for borrowers in need of support and could switch them to interest-only terms among other solutions....
...Digging itself out of that hole also required a £350mn share issue and a sale of £3bn of residential mortgages, the loss of which contributed to Metro remaining unprofitable until the first half 2023....
...It’s a fudge, not an ideal solution, but it would save the banks from taking outright losses on their deposits and save the authorities from doing another outright depositor bailout....
...Building houses has always involved digital solutions — in the form of tradespeople’s skilful fingers....
...“We need long-term solutions,” such as cracking down on short-term lets and second homes, he adds....
...At a company meeting in a Sacramento theatre in early 2018 he told its 1,500 people they were going to build “the largest fintech for sustainable solutions”....
...Tim Leunig: Planning reform — residential and infra....
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