Image copyrightREUTERS The Bank of England has raised the interest rate for only the second time in a decade. The rate has risen by a quarter of a percentage point, from 0.5% to 0.75% – the highest level since March 2009. While the decision means that the 3.5 million people with variable or tracker mortgages […]
Impact of Bank of England’s decision to lift base rate for only second time in a decade Bank of England raises interest rates to 0.75% Larry Elliott: lack of dissenting voices came as a surprise Patrick Collinson Banks tend to push through rate rises on mortgages immediately but are much slower to raise savings rates. […]
While the government’s latest round of property cooling measures may prove to be a bane for en bloc sale aspirants, some developers and home loan providers, some analysts expect the new curbs to benefit the HDB market in the near-term, reported Singapore Business Review. Larger HDB units may witness continued demand from displaced en bloc […]
Properties in the UK are taking longer to sell than a year ago owing to the “uninspiring” housing market, according to surveyors. Last spring it typically took 16 weeks between a home being listed and being sold, the Royal Institution of Chartered Surveyors (RICS) said. Now that has risen to about 18 weeks on average, […]
Britain’s housing market is now worth a combined £8.2 trillion, according to Zoopla CREDIT: JASON ALDEN/BLOOMBERG The value of Britain’s housing market has fallen by £26.9bn, or 0.33pc, since the start of the year, as growth in the North East and Wales has failed to counteract falling prices in many other regions across the country. The nation’s homes decreased […]
SINGAPORE’s hot property market has been put on notice. For the second time in eight months, the central bank is warning of a bubble building up and cautioning developers, banks and home buyers to proceed with care. Property observers say the warnings are a reality check that the government will step in if the market […]
[LONDON] UK house-price growth has slowed to the weakest pace in five years, while London values are falling, according to Nationwide Building Society. The lender said the “subdued economic activity” and squeezed household budgets are keeping a lid on demand, and the national market is unlikely to see any change to the recent trend in […]
Home buyers are busting budgets — and in some cases selling things they love — to snag their dream houses. A third of home buyers blew through the upper limit of what they planned to spend, topping that cap by an average $16,510, according to a Owners.com survey of 1,214 Americans who purchased a house within the […]
Spain suffered a seismic shock in October last year when Catalans voted for independence. Much like Brexit, it was a bitter and divisive referendum, with added violence on the streets. The repercussions were swift. Madrid, which had declared the referendum illegal, dismissed the Catalan government and imposed central rule. “The real-estate consequences were immediate,” said […]
LONDON: It has been almost half a decade since Dubai was awash with exuberance following its Expo 2020 bid win. The property pundits of the day predicted vast transformative effects for the emirate such as vertiginous property value hikes, sold-out hotels and a booming jobs market. But that was before the decline of oil prices, […]
