UK rental costs are the highest in Europe but homeowners are benefiting from cheap mortgages, data suggests. Tenants typically spend 39.1% of their income on rent compared with a European average of 28%, figures from the National Housing Federation suggest. The federation, which represents housing associations, also said that renters were less secure in their […]
Faced with predictions that Dubai home prices may drop as much as 20 percent this year, analysts say the emirate’s real estate developers and lenders are better prepared than when a crash in 2008 brought the city to the brink of bankruptcy. Standard & Poor’s this week estimated that values may fall by as much […]
Mortgage approvals continued their inexorable rise last month, figures published this morning showed, suggesting growth in UK house prices is unlikely to abate anytime soon. The figures, from the British Bankers’ Association, showed mortgage approvals for house purchases rose to 42,530 last month, up from 42,020 in April – and way up on a 20-month […]
California housing market slows considerably .Non-distressed sales drop for the first time since 2005 California’s massive housing market is slowing down in almost every way imaginable, according to the latest California Real Property Report from PropertyRadar. California single-family home and condominium sales dropped 3.5% to 36,912 in May from 38,249 in April. However, the report […]
VANCOUVER — Large Wall Street investors who made billions when the U.S. housing market collapsed in 2008 are now betting real estate values in Vancouver and other Canadian cities will crash, financial insiders say. The hedge fund investors, known as short sellers, are betting against what they believe is a housing bubble in Vancouver, Toronto, Calgary […]
House sellers are refusing to slash their prices as they know that demand for properties is exceeding supply, research shows. New figures show it is once again a seller’s market, with discounts on properties slumping to a five-year low. The price of the average house advertised online last month had only been reduced by 6.05 […]
Homes in pricier cities could be out of reach of more buyers The housing market could be in for a bumpy ride as mortgage rates climb. Home buyers and sellers heading into the busy summer season have been eyeing mortgage rates wondering how long the good times can last. The national housing market has been […]
Households in the UK perceived that the value of their home rose in June and are more confident that they will continue on an upward trend, the latest house price sentiment index shows. Some 23.7% of the 1,500 households surveyed across the UK said that the value of their home had risen over the last […]
The Australian real estate market is in the grip of the biggest housing bubble in the nation’s history and Melbourne will be at the epicentre of an historic “bloodbath” when it bursts, according to two housing economists. A bloodbath in the housing market, however, appears a near certainty due to the magnitude of falls required […]
An estimated £16.2billion-worth of mortgages was handed out in May, marking a five-month high, figures from the Council of Mortgage Lenders (CML) showed. Writing on the CML’s website, CML economist Mohammad Jamei said: “As we expected, activity in the housing market is showing signs of a modest recovery.” He added that the low mortgage rates […]
