News

In 2022, London property sellers earned a record £200k profit.

The typical homeowner in London earned £219,110 on selling a home in 2018, or about $23,560 annually. People who purchased a property within the previous 20 years and sold it in 2022 achieved unprecedented six-figure earnings, with the highest gains seen in London. According to recent statistics compiled by Hamptons, homeowners in 17 London boroughs, including Camden, Hackney, and Brent, made profits of more than £200,000 when selling their homes. Sellers in the capital city typically received £23,560 a year after their residences were on the market for 9.3 years. In the United Kingdom, the average annual income for a

January 12, 2023 No Comments

New Zealand News

Home prices: Seven New Zealand districts in buyers’ markets after home values declined in 2022

New data reveals that towards the end of 2022, seven out of New Zealand’s regions have become buyers’ markets due to falling home prices. According to Realestate.co.nz, the property market has seen a significant change in 2022, after an “interesting” year in which the national average asking price trended lower in reaction to growing inflation, interest rate rises, and changed lending restrictions. “Many outside forces have been at work this year. Not only has the New Zealand economy been booming, but the rising prices we saw during the height of pandemic restrictions have also begun to level down, “According to

January 11, 2023 No Comments

Australia News

A healthcare real estate firm reported a $65 million decline in property portfolio value.

The only healthcare-focused property trust listed on the NZX, Vital Healthcare Property Trust (VHP), has seen its property portfolio lose $65 million in value in the last six months. Having just had an independent appraisal of more than half of the company’s assets, VHP, which owns 47 properties spanning Australia and New Zealand, made the news. Stuff reports that the value of the healthcare real estate company’s $3.6 billion portfolio at the end of September fell by 1.9% from the end of June, while the value of the company’s 16 New Zealand subsidiaries, which included hospitals, medical offices, and ambulatory

January 10, 2023 No Comments

Australia News

Property market instability will haunt homeowners in 2023.

There are junctures in the history of Australian families that alter the trajectory of their lives for the foreseeable future. The RBA decreased the cash rate from 17.5 percent to 17.0 percent on February 23, 1990. For the following three and a half years, the cash rate would be reduced steadily until it reached its current low of 4.75 percent. For many Australians, worrying about interest rate hikes became a thing of the past as their threat vanished in late 2010. This turning point permanently altered the homeownership landscape and households’ mentality. The current situation, however, with Australians facing the

January 9, 2023 No Comments

Featured

Thailand’s real estate industry didn’t revive in 2022.

The economic slowdown and increasing inflation and interest rates prevented a complete recovery in Thailand’s real estate market in 2022. It hasn’t helped that there’s been fighting in Ukraine. The rebound was not as strong as it might have been, but things look suitable for 2023. The current reading of 47.9 on Thailand’s Consumer Confidence Index indicates a return to spending optimism for Thai consumers for the first time in 20 years. The easing of lending requirements by the Bank of Thailand, which is about to expire, has prompted clients with a genuine interest in real estate to make purchases.

January 6, 2023 No Comments

Featured

London’s luxury real estate is hotter than ever, but which neighborhood is the chicest?

According to Beauchamp Estates, a company specializing in ultra-prime property, 92 private palaces with prices above £15 million were purchased in 2022, up from 40 in 2021 and a paltry 17 in 2020. Wealthy Americans looking to capitalize on the strong US dollar against the pound and investors from India, the Middle East, and the rest of Europe seeking a safe haven for their fortunes have all contributed to the recent uptick in demand for luxury townhomes, sprawling penthouses, and tasteful period conversions in the United Kingdom. Where, however, is the poshest address that can be found? Nearly a third

January 5, 2023 No Comments

Featured

London’s foreign investment slows as China pulls back.

After experiencing years of instability that reduced the river of foreign money that previously poured into the metropolis, the London real estate market is preparing for a key 2023. According to MSCI statistics, foreign investment in London real estate reached £12.4 billion ($15 billion) in 2022. Foreign investment dropped significantly from £30.5 billion in 2015, before the twin shocks of Brexit and the COVID-19 outbreak. Uncertainty about property prices as interest rates increase and after political upheaval precipitated by September’s mini-budget threatens London’s longstanding ability to attract vast tracts of foreign investment. MSCI figures reveal that in 2022, foreign investors

January 4, 2023 No Comments

Featured

Real Estate Markets to Stabilize in 2023 After the Pandemic Bust

A lot may change in a year. Real estate markets throughout the globe were facing high prices, little supply, and significant demand at the start of 2022. Since central banks started increasing interest rates this spring, the outlook for 2023 has shifted substantially. Even while house prices are dropping and properties are sitting on the market for longer than usual, many professionals see this trend as more of a normalization rather than a correction. From March 2020 to March 2022, business activity and price increases were relatively high. In fact, it has already begun. Knight Frank found that the annual

January 2, 2023 No Comments

Featured

Are Scotch Whisky Casks a better Investment Than Property … or Gold?

What is it about whisky? It’s enigmatic to the point of ecstasy. It is possibly the only true, ahem, liquid investment. Property is, to quote the 1980s comedy Airplane!, up, down and all over the place as of January 2022. Quantitative easing, the printing of money by central banks to combat the pandemic, will grind to a halt this year. Inflation is soaring. As are interest rates. Fortunately, whisky has been outperforming markets since, we well basically, people started selling it. Whisky also has the benefit of being widely tradeable and is consumed in almost every country in the world

July 15, 2022 No Comments

News

London house prices skyrocket as homebuyers take advantage of stamp holiday extension

Cost of London homes reach an all-time high, now at £501,320, as homebuying spree expected to continue until June With London’s residential property buyers taking full advantage of the stamp duty holiday, house prices touched an all-time high in January. The average cost of a home in the British capital soared to £501,320, or 0.1 per cent higher than what we saw in December 2020, and 5.3 per cent higher than January 2020. Ever since the lockdown restrictions were eased last May, house prices have been steadily increasing. This trend can be attributed to the Chancellor of the Exchequer Rishi

April 1, 2021 No Comments