By Christine Romans for CNBC New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger into 2025. There were some signs of improvement late last year. Pending home sales rose for four months in a row through November, boosting hopes that […]
Greece’s affordability and rising property standards make it a top choice for European home buyers Photo Unsplash Kathimerini Greece Newsroom By Nikos Roussanoglou The Greek real estate market has significant prospects for establishing itself as one of the main destinations for foreign home buyers, being the fourth cheapest in Europe. The fact it remains one […]
One of the most important trials of the last decade, which will determine the constitutionality, legality, and application of the main provisions of the New Building Code (NBC2012), began on October 11. The implications of this decision extend beyond the involved parties—the municipalities of Attica, contractors, engineers, and the Ministry of Environment—and impact citizens directly […]
More UK households have defaulted on their mortgages in the last quarter, new Bank of England data shows, and the situation is likely to worsen in the run-up to Christmas. UK lenders have reported that the default rates on secured loans to households increased in the third quarter of this year, and are expected to […]
18 September: July Marks Fifth Month Of Consecutive Rises House prices rise 2.2% in the year to July Fifth consecutive month of annual increases Average home now worth £290,000 Annual house price inflation is running at 2.2% in the year to July, according to the latest data released by the Office for National Statistics (ONS), writes […]
In the first quarter of 2024, house prices in the EU increased by 0.4% and rents by 0.9% compared with the fourth quarter of 2023. Compared with the first quarter of 2023, house prices in the EU went up by 1.3%, while rents increased by 3.0%. This information comes from data on house prices and rents published by Eurostat today. This […]
ByPhilip Chrysopoulos July 17, 2024 House prices in Greece soar. Apartment building in Kolonaki, the most expensive neighborhood in downtown Athens. Credit: Dimitris Kamaras Wikimedia Commons CC BY 2.0 While Greeks complain about house prices and rentals going through the roof, there is great interest from foreign buyers in several parts of Greece. Foreign investors, digital nomads, […]
Major global mining stocks have underperformed in the past three months due to a sharp decline in iron ore and copper prices, as China’s weak demand is likely to persist. The mining sector has experienced a downturn since May due to falling prices of industrial metals and critical minerals. The trajectory of mining stocks is […]
What many had hoped would be a rosy spring home-buying season has turned into a thorny challenge for home shoppers already demoralized by a challenging market. Home sale activity was stagnant last month as mortgage rates and home prices maintained an upward trajectory. One silver lining is that more resale inventory entered the market, which […]
House prices down by 1.1 % in the euro area and up by 0.3 % in the European Union in the fourth quarter of 2023, compared with the same quarter of 2022. Annual and quarterly growth rates The HPI shows the price changes of residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and […]
