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News

The London Resort planning application proceeds to examination phase

The ambitious London Resort project, envisioned as a world-class entertainment destination, celebrates a significant achievement as it successfully progresses through the rigorous Planning Inspectorate application process. This milestone marks a pivotal step forward in the realization of a project poised to transform the landscape of leisure and tourism in the UK. As the first entirely commercial Nationally Significant Infrastructure Project (NSIP) of its kind, the London Resort holds the promise of unleashing substantial economic benefits, with forecasts projecting a staggering £50 billion in gross economic activity (GVA) over its initial 25-year period. Moreover, the project is anticipated to catalyze the

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New Zealand News

House Hunting in Montreal vs New Zealand: Finding Hope in Canada

After an unfruitful day of searching for a house in Montreal, where we encountered no new property listings and faced a rejected offer, my husband and I found ourselves contemplating the prospect of committing to a financial investment for the next 25 years. During this time, we reminisced about the housing market we had left behind in New Zealand. Following a fruitless day of house hunting in Montreal, which resulted in no new property listings and a rejected offer, my husband and I were left contemplating the daunting prospect of committing to a 25-year financial investment. Then, we began reminiscing

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Australia News

Australia Ranked 2nd Highest in Housing Market Risk, IMF Report Shows

The International Monetary Fund (IMF) has identified five distinct metrics for assessing housing market risk. The article provides an overview of these metrics and examines current information that may contribute to housing market risks in Australia. The article questions whether the Australian housing market is in danger and whether people should be concerned about it. According to the RBA’s report from June of last year, Australian housing debt has reached record highs, accounting for 145.4% of the nation’s total disposable household income, or around $2 trillion. Although credit growth has slowed since then, the ratio remains high as of the

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UK News

Britain’s Property Market on the Verge of a Price Plunge

As the cost of living crisis and high mortgage rates continue to burden homeowners, buy-to-let investors, and first-time buyers across Britain, properties are being listed at prices significantly lower than their pandemic-era selling prices. However, the challenges are far from over, and the mortgage market will exacerbate them substantially. Despite the slower-than-anticipated reduction in inflation rates, the Bank of England still has to foresee lowering its official rate, which means that lenders will maintain high mortgage rates. According to some economists, this could result in a gradual decline in the property market, similar to the downturn experienced in the early

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UK News

Stagnant Amidst Predictions of Nationwide Housing Price Declines

New data from Halifax reveals that only two UK regions, Greater London and the North East, experienced stable annual growth in house prices in March, with no slowdown observed. The average home price in the capital is now £537,250, showing a marginal increase of 0.1% compared to last year. In the wake of the pandemic-induced desire for spacious living, home buyers are searching for more reasonably priced areas, causing London’s house price growth to lag behind that of the rest of the country. Throughout the UK, house price growth has decelerated to its lowest point in over three years. As

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South East Asia News

Russian Investors Take Advantage of the Thailand Real Estate Market

There has been a significant increase in Russians’ involvement in Thailand and Indonesia’s property markets since the start of the year. The number of Russian investors in the Thai market has increased by over three times, while the Indonesian market has witnessed more than twice the activity. The surge in interest in these Asian property markets is primarily attributed to the perception of property investment as a lucrative opportunity, particularly with the anticipated revival of tourism and the anticipated relaxation of China’s borders, which is expected to lead to a rise in demand for both buying and renting properties. Tranio

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UK News

UK House Prices Experience Largest Drop Since 2009

In March, UK house prices experienced their steepest decline since 2009, with an annual fall of 3.1%, surpassing the 2.2% drop forecasted by economists. Data from Nationwide, a mortgage provider, revealed the extent of the negative impact of high inflation and increasing borrowing costs on the property market. House prices in March fell more than expected, with a 3.1% annual decline compared to the 1.1% decrease in the previous month. This marked the most significant year-on-year drop since July 2009. Property prices also experienced a larger-than-anticipated fall of 0.8% between February and March, continuing the uninterrupted decline seen since last

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Featured

Global Britain ready for the world stage

There has been much speculation around the ‘Global Britain’ slogan adopted by the UK, but the vision is now clearer with the recent publication of the Integrated Review of UK’s Defence, Security, Development and Foreign Policy. More than just branding, ‘Global Britain’ is a forward-thinking and tech-driven roadmap towards domestic and international resilience. Britain’s declaration of its international ambitions comes at a time when liberal alliances are fraught, nations struggle from societal polarisation, and democracy is being undermined. Thus, it is heartening to see the Review underscore the UK’s unique strengths and why the world welcomes this incarnation of Global Britain. The

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