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...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...Diageo, owner of the Johnnie Walker brands, this month warned of weaker profits in the six months to December because of slower sales in Latin America and the Caribbean, while the Scotch Whisky Association...
...While the mainstream market saw price falls of six per cent in 2023, Knight Frank figures show that prime properties over €4mn recorded increases of 2.5 per cent....
...Perversely, property owners may be dissuaded in future from converting their properties back to long-term lets if they have to apply for another change of use, warns the campaign group Generation Rent....
...Shares in big residential landlords like Vonovia, TAG and LEG have all rallied since the end of last year, outperforming commercial property owners....
...The deal means UK properties will make up 25 per cent of Shurgard’s overall portfolio. Belgium and the Netherlands make up the biggest segment, at 28 per cent....
...Stacom’s longtime partner, William Shanahan, will remain at CBRE, and focus on helping to connect property owners in difficult situations with fresh capital....
...The number of owner-occupiers with a mortgage has fallen by 2mn since 2002 and sits at levels last seen in the 1980s, according to Building Society Association research....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current interest rates....
...Farzad, the property agent, added: “I keep wondering how all this went on for months under the very nose of all relevant organisations....
...Sales of gold jewelry rose 7.97 per cent to 706.48 metric tons in 2023, boosted by innovation and lightweight designs of gold jewelry products, China Gold Association said....
...After taking the keys to the auction house, Drahi then layered on hundreds of millions of dollars more debt by mortgaging off Sotheby’s trophy properties in London and New York....
...In her seven years of studying architecture in Belgium, she says, “I never had one course on colour theory”....
...The company also reported a sharp fall in net income of $215.6mn for 2023, down from $1.03bn....
...Apple and Google-owner Alphabet were accused of favouring their own app stores while Facebook-owner Meta is being probed over its use of personal data for advertising....
...Homebuilder confidence this month dropped to its lowest level since January as higher rates drove some buyers away and raised construction costs, the National Association of Home Builders said....
...Even if the regulator was willing to step in as an owner of last resort, it could fall foul of global rules....
...to illegal limitations on the property rights of homeowners....
...’s, Starbucks and others Number of China’s wealthy falls amid property crisis, Hurun finds With Xi in U.S., China’s influencers put lid on anti-West rhetoric...
...among the so-called Magnificent Seven tech stocks....
...But rates have proved a blessing for homebuilders because their rapid rise has in effect trapped many current owners in their properties, reducing the stock of existing houses for sale and driving would-be...
...Property owners prospered in the world of cheap debt that made real estate investment relatively attractive. But that high has led to a predictable reckoning....
...Homes with four or more bedrooms are taking the longest to sell in seven of England’s nine regions, Zoopla says, and are the most oversupplied property type — detached homes with four or more bedrooms account...
...Cook said property owners may not have felt the loss of value since the nominal value of their homes may have gone up or not fallen significantly in the past few years, but inflation had done its work of...
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