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Boris Johnson, Boy George, and Kate Moss relocate in 2022

Then the removal trucks and the hot tub installers showed up after a period of speculation and clandestine negotiations. This year was no different for the capital’s A-listers when buying or selling luxury real estate. Many celebrities purchased new houses in the city’s most desirable neighborhoods or sold their vast mansions. The most notable celebrity house swaps of 2022 are listed here. The Highgate home Kate Moss purchased for $11.5 million. All eyes were on the remarkably featureless room the supermodel was dialing in from as she took the (virtual) witness stand during the Moss-Depp trial. It has been said

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Australia News

Australian borrowers will highly experience mortgage stress due to high rates

How many Australians are now likely to have trouble with their mortgages? The sharp rise in mortgage rates over the past few months will force families to make complex changes to how they spend their money. What is mortgage stress? There is no official definition of mortgage stress, but it is when a family has trouble making home loan payments. People who spend more than 30% of their income on mortgage payments are often used as a measure. However, it doesn’t do an excellent job of expressing this idea. Situations are different for everyone. This is usually easy for households

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News

London property prices hit £544,000, but a ‘softening’ is expected

The average house price in London went up over £6,000 in July, but experts say sales were made before the cost-of-living squeeze. The average price of a home in London has risen 9.2% in the year leading up to July—a significant increase but still below the rate of inflation. In July, the Land Registry reported that property prices in London hit a new high of £543,517. Because of this increase, the average value of a home in the capital has increased by more than £45,000 in a year and by more than £6,000 in just one month. In all of

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Australia Property

The Rebirth of Co-Living. Reborn for the ‘co’ Generation

Communal life is nothing new. Throughout history, housing has long been associated with both shared needs and a concentration of resources. Today, between population growth and increasing urban density and real estate prices, architects and urban planners are looking for alternatives to living together. These new models explore a range of spatial and formal configurations with a common vision of the future. As Eduardo Souza explains, the term “coliving” appeared in Denmark in the 1970s – originally under the name “cohousing”. The Sættedammen initiative, for example, consisted of 35 families living in private homes and sharing common spaces for socializing

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News

Why these are the top spots to buy property in Southeast Asia

Southeast Asia has emerged as a key asset location with superior long-term growth prospects, thanks to the region’s economic potential and pandemic management. KUALA LUMPUR, MALAYSIA. It manages to ooze exotic multi-ethnic appeal while offering the facilities, infrastructures, and comforts of a world-class modern metropolitan centre, having transitioned from a modest, thatched-roof tin-mining town in the mid-1800s to a well-connected high-tech city today. Internationally acclaimed restaurants coexist with hawker centres, and quaint old shophouses and ancient colonial structures provide a contrast to the gleaming towers and modern condominiums. BANGKOK, THAILAND. Bangkok sustains much of its originality and charm despite its

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News

Surging demand and high returns for UK short-term holiday let investments

We’ve all experienced how the pandemic has changed the way we live, work and holiday. Did you know UK tourism and holiday accommodation is one of the key property sectors that has shown the greatest resilience to the economic challenges of Covid-19 and the post-Brexit landscape?  People have been buying residential buy-to-let properties for almost two decades and by 2019 disillusionment has set in with much of what was on offer. Economic uncertainty, delays to completions, higher stamp duty, less favourable tax breaks, rogue tenant issues and a lot of changes to UK landlord responsibilities in favour of the tenant,

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Finance

First-time buyers choose location over space

Unlike families in London who are dispersing into the suburbs for bigger space, Millennials are purchasing property within the capital, preferring location over space. According to Hamptons International, the number of inner London homes (Zones 1-3) sold to first-time buyers rose by seven per cent to 35 per cent from 28 per cent pre-lockdown. In contrast, the number of homes sold in outer London (Zones 4-6) fell by five per cent to 31 per cent from the previous 36 per cent sales. According to the latest data, the average age of first-time buyers in the UK is 34 years old which

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News

What will a post pandemic property market look like?

We look at post-Covid work habits, a return to normal in residential housing marketplaces, how the retail business is recuperating from the epidemic Economics on a Global Scale The ongoing growth of the Delta variant of Covid-19, as well as operational problems, is slowing economic expansion in major economies. Other new variants, such as the one found in South Africa, could be even more dangerous.  Parts, equipment, and labor shortages, as well as inefficient and difficult shipping, are causing concern about inflation. We assume that any increase will be temporary, and that financial institutions will not be pushed to raise

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Finance

UK’s 3 Top Holiday Destinations – Places to Keep an Eye on for Holiday Rental Purchases

London What better way to enjoy the United Kingdom if not to stay in its famed capital city – London. City slickers will find pleasure strolling the streets of the city along the River Thames. The historical enthusiast, on the other hand, will find himself marvelling at the mere sight of the Tower of London, or of the millennium-old White Tower, the Buckingham Palace, and the Natural History Museum. Architectural breakthrough is also seen in buildings such as the Parliament Buildings, the Big Ben, and Nelson’s Column, all to the amazement of an artist’s keen eye to details. Edinburgh Scotland’s

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News

Top 5 Australian cities foreign buyers are eyeing

Foreign buyers flock to Australian cities for its resilient economy and good trade relation Thanks to Australia’s resilient economy and good trade relations with other countries, it’s become a great destination for foreign investors and buyers. The country offers a wide variety of investment options in a large number of different industries. Some of the reasons why Australia is a popular choice among foreign investors include: Australia’s property market has shown consistent growth. Even during the Global Financial Crisis of 2007-2008, Australian property prices continued to increase, unlike the property prices in the UK and the USA which went down. Australia

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