realty

On this day in history, November 21st, Reuters reports that: According to a Reuters survey of property market experts, German home prices are expected to decrease by 3.5% next year due to the impact of the cost of the living problem and rising borrowing rates on consumers. However, the likelihood of a complete market collapse is low. While the European Central Bank has been raising interest rates at a time when the union is likely going into recession, the harmonized consumer price inflation in Europe’s largest economy was 11.6% last month. The average German home price would drop 3.5% in

House prices in Tunbridge wells may soon stop soaring after a prominent estate agent predicted an 11% drop in local home values by the end of 2019. Savills made its forecasts after the Bank of England (BoE) implemented the highest increase in interest rates in a generation, increasing mortgage payments for millions. UK base interest rate increased by 0.75 percentage points on Thursday, November 3; this is the most significant increase in the rate since 1989. The Bank of England estimates that this will result in an annual increase of roughly £3,000 in mortgage payments for families due to renewing

Favorable currency rates, the present need to diversify portfolios, and the perceived safety of the British market have all contributed to a rise in interest from American investors in excellent London property. According to Nest Seekers International, interest in luxury properties in London among American buyers increased by half last month. The international real estate agency has just hired two new Americans, Shelby Coleman on the East Coast and Natalie Hernandez on the West Coast, who will be responsible for connecting the American and British real estate markets throughout the year 2023. Because of the changes in the market, Nest