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UK News

The return of the world’s wealthy to London’s housing market and why it matters

If you’re searching for a barometer of the global economy, you might do worse than investigate the ultra-luxury segment of London’s real estate market. Prime Central London (PCL) has become a haven for the money of affluent foreigners for several decades, regardless of whether or not they choose to reside there. This resulted in a number of unintended consequences, the most notable being that trophy prices were established, and PCL was largely bordered by vacant buildings. Because of these exceptional conditions, PCL is again drawing attention as a preferred safe haven for international players seeking to conceal their wealth. Since

March 2, 2024 No Comments

Finance

London’s Property Market Is Seeing Improvements and a Rebound

London’s real estate market is more active as a result of increased post-Brexit certainty. The fourth quarter of 2019 witnessed a surge in sales in London’s luxury real estate market due to a 3% tax on foreign buyers of houses in the United Kingdom, which was included in Boris Johnson’s Conservative party’s election agenda. Compared to the same period a year ago, the number of transactions involving London’s most costly houses increased by 78%, as did the number of home sales in the city’s most expensive areas. As 2020 diminishes much of the uncertainty after the conclusion of the Brexit

March 2, 2024 No Comments

Investments

Is 2023 The Ideal Time to Buy A Property?

Even though the following OCR review is scheduled on February 22, Century 21 New Zealand owner Tim Kearins anticipates more excellent interest rate stability this summer. However, he cautions that this “won’t make it any simpler for many young Kiwis to acquire loans in the first place.” Kearins believes that the next six months might be an excellent time to purchase a house since the number of listings is increasing and sellers are becoming more realistic about pricing expectations. Even while getting a loan from a conventional bank in New Zealand still has its challenges, he advised not discounting the

March 1, 2024 No Comments

Australia Property

What do experts in Australia’s real estate sector anticipate will happen in 2023?

Indeed, 2022 has been a remarkable year full of unexpected developments. As recently as a year ago, the Australian property market was experiencing a nationwide boom, with remarkable increases seen most noticeably in Sydney and Queensland. Interest rates are hovering around 2% since the Reserve Bank of Australia (RBA) retained the cash rate at a record low level of 0.1% despite some mild headwinds. The RBA boosted the cash rate in May almost two years earlier than they had predicted. This routine continued for the following eight months. Price drops were seen across the board in the real estate market

March 1, 2024 No Comments

New Zealand News

New Zealand housing goes up by 76% in a year

WELLINGTON, Sept. 22 (Xinhua) — According to the most recent Trade Me Property Price Index, issued on Thursday, the number of properties for sale in New Zealand continued to skyrocket in August, rising a record 76 percent compared to August of the previous year. Director of Property Sales at Trade Me, Gavin Lloyd, stated that the national property supply has increased annually for the past nine consecutive months. “While last month’s surge was somewhat attributable to the statewide lockdown in August 2021, these increases have been rising all year, and the current supply is substantially above pre-pandemic levels.” “Last month

March 1, 2024 No Comments

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

February 29, 2024 No Comments

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

February 28, 2024 No Comments

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

February 27, 2024 No Comments

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

February 26, 2024 No Comments

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,

February 25, 2024 No Comments