Hints and tips:
Related Special Reports
...The group found €2mn themselves, the rest came from the bank in the form of a 30-year mortgage and they also received subsidies and a loan from City Hall....
...When interest rates rose, they were unable to pay the mortgage. They sold up, split up and Maureen went to live in a mobile home....
...In western Europe, home ownership levels tend to be much lower....
...UBS has agreed to pay $1.4bn to resolve a US regulatory probe into the alleged mis-selling of residential mortgage bonds in the run-up to the 2008 financial crisis, wrapping up the last remaining case brought...
...As interest rates have risen and mortgages become more expensive, this has been another factor prompting many to sell up, reducing supply further, said Stuurman....
...This year, rising mortgage rates have resulted in falling sales across France....
...FT architecture critic Edwin Heathcote says a government proposal to make it easier to convert shops and department stores to residential use is a terrible idea....
...The state encouraged this, offering additional support to homebuyers such as tax relief and extra guarantees on mortgages....
...A three-dimensional model in the lobby of the headquarters displays the district’s 87 gleaming residential and commercial towers across its two-square-km site, home to 22,000 registered companies....
...I have grown to love it here and am lucky I have a five-year fixed mortgage, so my rate hasn’t increased....
...And recent numbers underestimate the size of price falls, according to Thomas Zabel, co-founder of the German residential business of Savills, the property agency....
...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....
...Also commercial real estate backed loans and residential mortgages make up about 80 per cent of its loan book. Higher interest rates only put more pressure on both areas....
...Rising mortgage rates have cut what buyers are willing to spend....
...Tim Leunig: Planning reform — residential and infra....
...Meanwhile, it is continuing discussions to sell off as much as £3bn in residential mortgages, which has garnered interest from lenders including NatWest and Lloyds....
...Meanwhile, mortgage rates have risen from about 1 to 4–5 per cent. “Young families can’t get a home loan any more — they’re just too expensive,” he says....
...“People are outraged and furious,” said Petra Uertz of the Residential Property Association. “They can’t understand why it has to happen so quickly.”...
...Residential property is exposed to a negative feedback loop. The more prices decline, the greater the incentive for homebuyers to halt mortgage payments on unfinished properties....
...Its sizeable book of single-family residential mortgages, which totalled $99bn at the end of last year, appears to be eligible for the discount window as well, but those mortgages (which aren’t agency MBS...
...Vincent Hemula, manager at Engel & Völkers Brussels, says rising mortgage interest rates and increasing energy costs have brought price growth to a recent halt....
...Prices in the US residential property market are resetting, says Zillow senior economist Jeff Tucker, “but it’s too soon to tell how big a price reset it will be”....
...It had $102bn worth of residential real estate loans on its books at the end of last year, almost all of which mature in 15 years or later....
...He says that low mortgage rates have been a strong driver of domestic buyers over the past 12 months....
...Even as properties shrink, they remain far larger than in the rest of the western world. US property still tops global rankings per square feet....
International Edition