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...Italy, France and Greece are also among the top five destinations for deploying capital this year, according to the 2024 survey of more than 60 investors including hotel owners, developers and private funds...
...another Delaware entity called SV America Inc....
...Although some owners have been forced to sell by debt pressures, many property owners are reluctant to crystallise losses at what they believe could be the bottom of the market....
...Although London property commands some of the highest prices in the world, its luxury agents take some of the lowest fees....
...For example, the deals around KaDeWe property have resulted in high rents being charged to the now separate retail arm of the business. This is not a failure of the department store model....
...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....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...A total of $117bn in commercial mortgages tied to US offices will come due this year, according to the Mortgage Bankers Association....
...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....
...The British Property Federation, a trade association, also warned the move would hurt pension savers and that the government could face a legal challenge....
...There were 1.29mn owner occupiers over the age of 65 living in homes of four bedrooms or more in 2021, according to Savills’ analysis of the census. That is 23 per cent of all 65-plus homeowners....
...But soured loans could cause billions in losses for investors, wipe out some property developers — such as the unravelling of Austrian property owner Signa — and lead to forced sales in the already struggling...
...In the north of England, the West Yorkshire borough of Calderdale near Leeds has teamed up with genealogists Fraser & Fraser to locate estate executors or living relatives of the deceased owners of properties...
...Taken together, experts think the suite of measures should encourage some holiday let owners to sell up, and squeeze second-home owners who benefit from tax relief by letting their property on the side....
...We liked the south of Spain, too, but there just aren’t the direct flights [to Tampa],” says the software company owner, who preferred not to disclose his surname....
...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....
...that have been filed by property owners and unions who oppose such restrictions....
...“Where we’re seeing the best opportunity is to buy the upper quartile of that middle, class-A part of the market,” Rechler said, arguing that many of those properties had been shunned by lenders and investors...
...Openreach, would significantly and adversely impact on the rights of property owners and occupiers,” adding that the issue was considered during 2022 legislation....
...Clare Bottle, chief executive of the UK Warehousing Association, which represents logistics groups across the country, accepted that outdoor facilities were of limited use at 24-hour sites, with workers...
...The US corporation — owner of 41 other ski resorts — is acquiring 84 per cent of the lift and mountain operations, and 11 restaurants....
...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....
...Industry-wide ASK has shrunk 5.6 per cent over the same period as many carriers retrenched during the pandemic, according to the International Air Transport Association....
...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....
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