he global property boom is over as slowing growth, high prices and rising risks point to the end of the long recovery from the financial crisis, UBS has warned. Rock-bottom interest rates have kept prices rising but the result is that buyers are stretched and are facing record low returns on investment in prime property. Prices […]
The Bank of England now expects property prices to fall by 1.25 per cent this year, after predicting a 0.25 per cent annual increase in February. In its latest inflation report, the Bank said property price growth had been weak since the 2016 EU referendum, adding that ‘Brexit-related uncertainties’, as well as other factors, had […]
Britain’s housing market suffered a fifth month of “subdued” growth in the face of continued Brexit uncertainty, but first-time buyers showed signs of life, Nationwide reported. House prices were just 0.9pc higher in April than the same month last year, although this was an improvement on the 0.7pc annual growth seen in March. April marked the fifth month in a row that growth […]
GETTY When we come across a market overflowing with two years’ worth of inventory supply, we’re sure of one thing: Real estate prices have hit their lowest. As supply increases across major cities in America, buyers can afford to patiently scout for the right investment opportunities. Gone are the days of fighting over a limited […]
Recent rule changes by Canadian policymakers, including tightened mortgage lending, appear to be bringing the country’s real estate market more into balance. The federal housing agency lowered its assessment of the overall vulnerabilities in the national market to “moderate,” from “high,” according to a report Thursday from Ottawa. Canada Mortgage and Housing Corp.cited evidence of easing price acceleration […]
First-time homebuyer Rachael Waldburger started her search for a house in March with the hope she and her husband would quickly find a property that met their goals. Nothing fancy, just a home in good shape with three bedrooms and a couple of acres of land, the Wisconsin middle-school teacher said. While the couple eventually […]
Slide driven by London and south-east slowdown as Brexit chaos seems to put off buyers Prices fell 0.7% in the first quarter, compared with 2018, taking the average price of a home in England down to £255,683, says Nationwide. Photograph: Ben Birchall/PA House prices fell in England for the first time in seven years in the […]
(CNN) — Ever dreamed of owning your own Italian private island? An aristocratic family is selling one in Sicily for a lot less than the price of a Tuscan villa or a Manhattan loft apartment. Isola delle Femmine, a wild pristine atoll near Palermo with a 17th century crumbling stone tower, is up for sale with […]
Automobiles sit in the streets outside rows of residential housing in this aerial photograph taken over London, U.K. Photographer: Matthew Lloyd Gazundering, where a buyer lowers their offer for a home at the last minute, is becoming a growing problem, according to a report. Some 45 percent of people surveyed think gazundering is a serious problem, up […]
Inner London saw the sharpest falls followed by boroughs across the rest of the capital. Photograph: Dominic Lipinski/PA UK’s average asking price 0.8% lower than a year ago, says Rightmove Brexit anxiety has all but killed the traditional spring property revival, pushing down asking prices across the UK by 0.8% in the year to […]
