Property News

A crackdown on illegal structures in luxury homes is set to chill demand and prices in the market segment, analysts said. ‘Higher for longer’ borrowing costs are also at play, according to consultancy Knight Frank. Source : South China Morning Post Read more…Crackdown on illegal structures set to chill demand, recovery in Hong […]

Towering flowers, plants spilling on to the paths and a kestrel keeping an eye on proceedings… It is the weekend of the equinox. Autumn is undeniable now. Darker days will soon start to restrict early-morning and late-evening allotment visits.Our bean poles have been taken down and tied up until next year. Allowing in more […]

In the second of a two-part series on the crisis surrounding Country Garden, we look at how a company considered one of China’s most stable developers is now struggling to navigate a slumping property market, a sluggish economy and changing demographics in the smaller cities that have fuelled its growth. Source : South […]

Taking the other side of the doom-and-gloom trade, we’re putting more of our healthy cash position to work. Source : cnbc.com Read more…We’re buying more of this turnaround toolmaker stock in this week’s down market

Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on holdUK lenders are expected to launch another round of mortgage rate cuts next week amid optimism home-loan costs have peaked after the Bank of England’s decision to keep interest rates on hold.So far Nationwide is the only big lender […]

People who lost money for care home fees and others facing rocketing mortgage costs after Truss’s gambit share their storiesThe chancellor, Kwasi Kwarteng’s speech at the Commons dispatch box on 23 September last year, and his refusal to publish the Office for Budget Responsibility’s autumn 2022 forecast on the state of the economy, led […]

During her five-month renovation, Kelly Eng learned how to play Tradie Tetris and discovered wisdom in the ‘unattainable triangle’Get our weekend culture and lifestyle emailWe had to move home. It’s never fun, is it? So we decided to minimise the stress by finding somewhere close. We bought an apartment 15 metres up the hallway. […]

Bank of England halts run of base rate rises but borrowers still have much to ponderThis week’s decision by the Bank of England to hold the base rate at 5.25% after 14 back-to-back rises has left borrowers sighing with relief. It was a close-run thing, with almost half of the monetary policy committee voting […]

From a showpiece barrel-vaulted ballroom to patterned plaster, wooden panelling and sweeping staircases Continue reading… Source : theguardian.com Read more…Arts and Crafts homes for sale in Great Britain – in pictures

The project isn’t due to be finished until at least late next year. Source : nzherald.co.nz/Property Read more…Seascape: Construction of NZ’s tallest apartment tower reaches level 50

The way things look with many of the doors now, if you stepped out you’d be in peril. Source : nzherald.co.nz/Property Read more…Point Chevalier’s Chinese pod homes: why do doors open into the air?

How a New Zealand dessert-maker has benefitted from being sold through the US retailer. Source : nzherald.co.nz/Property Read more…Costco in NZ: Kiwi food manufacturer Denheath Desserts’ sweet ride supplying global retailer

More buyers are reneging on house purchases. Source : nzherald.co.nz/Property Read more…Failed Manurewa house buyer’s 9,000 wallop: Three lawyers explain what we can learn

More than 150,000 Kiwis have signed up. Source : nzherald.co.nz/Property Read more…The Costco effect: One year on from giant US retailer’s NZ launch

Girls and young women want to be homeowners by the time they’re 30 years old, a report found. The market is tough, but they have time. Here’s how to prepare. Source : cnbc.com Read more…Girls, young women want to be homeowners by age 30, study finds. Here’s how they can achieve that goal

Higher mortgage rates and lower inventory levels are hitting homebuyers hard. Source : cnbc.com Read more…Home sales stick near recent lows in August, but prices continue to climb

What was once a lucrative investment for those with spare funds has become a headache amid higher borrowing costsBusiness live – latest updatesAfter years of witnessing landlords piling into the Yorkshire buy-to-let market, Bruce Collinson’s estate agency has seen an exodus of late.What was once a lucrative investment for those with spare funds has […]

Guangzhou relaxes home purchase restrictions, becoming the first among tier-one cities to take such a step, and analysts expect Beijing, Shanghai, and Shenzhen to follow suit to prop up the sluggish home market. Source : South China Morning Post Read more…Guangzhou relaxes home purchase restrictions, Beijing, Shanghai, Shenzhen may follow as China steps […]

Japanese furniture retailer Nitori Holdings, which opened its first outlet in Hong Kong on Wednesday, plans to gradually expand its footprint to 20 across the city in the coming years, according to a top executive. Source : South China Morning Post Read more…Japan’s Nitori opens first Hong Kong store, joins slew of Asian […]

Hong Kong kept the city’s base rate unchanged on Thursday after the US Federal Reserve paused its current cycle of inflation-busting increases to assess the impact of higher funding costs on the world’s economy. Source : South China Morning Post Read more…HKMA takes a second break from raising its base rate after US […]

At the end of its two-day meeting Wednesday, the Fed said it would skip a rate hike in September. But it won’t get any less expensive to borrow. Source : cnbc.com Read more…The Federal Reserve leaves rates unchanged. Here’s how it impacts your money

Brokers expect more home loan reductions with offerings at lowest prices for several monthsLeading lenders including NatWest have cut their mortgage rates after an unexpected fall in UK inflation, and brokers are predicting that others will follow suit over the coming days.Banks and financial firms have announced a fresh wave of home loan reductions […]

Mortgage demand rose last week despite another increase in interest rates. Source : cnbc.com Read more…Weekly mortgage demand increases, driven by a strange surge in refinancing

The company owes $23.7m to Sax’s Autumn Park and Kearoa Holdings. Source : nzherald.co.nz/Property Read more….7m restructuring: Developer, philanthropist John Sax closes company

A $335,000 debt has sparked court action and a bankruptcy application. Source : nzherald.co.nz/Property Read more…Developer battles Fletcher Building’s PlaceMakers over materials, alleged delays

Would-be buyer argued vendors should have accepted his lower offer, but he failed. Source : nzherald.co.nz/Property Read more…Failure to settle .16m Manurewa house deal cops 9,000 court penalty

Kingfisher says people are staying put as mortgage interest rates and household bills soarBritish consumers are continuing to spend on improving their homes and gardens as an alternative to moving home amid soaring mortgage rates and a surge in household bills, according to the owner of B&Q and Screwfix.Sales at Kingfisher’s UK and Irish […]

Property developer Sunac China Holdings has sought recognition for its restructuring and protection under Chapter 15 in the US, a court statement showed on Tuesday. Source : South China Morning Post Read more…Chinese property developer Sunac applies for Chapter 15 protection in US after creditors give go-ahead to restructuring plan

Green machine rises, soon after 24,717 applicants were on the housing register. Source : nzherald.co.nz/Property Read more…Kāinga Ora modular housing: Units from China up in Point Chevalier

Problems included ill health, credit facility withdrawal, economic conditions, overheads. Source : nzherald.co.nz/Property Read more…National clothing retailer Sassy owes GST: Inland Revenue calls in liquidators

China Evergrande said that the detention of personnel from Evergrande Wealth Management, its wholly-owned subsidiary, ‘will not affect the company’s operations’. Source : South China Morning Post Read more…China Evergrande downplays impact of staff arrests in Shenzhen, as property management unit warns on debts

Homebuilder sentiment fell into negative territory as potential buyers struggle to afford new homes in a higher mortgage rate environment. Source : cnbc.com Read more…Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates

After raising interest rates 11 times since March 2022, the Fed is poised to take a break. Here’s what that means for your wallet. Source : cnbc.com Read more…The Federal Reserve may not hike interest rates this week. What that means for you

Since Homes England switched contractors, borrowers have been struggling to obtain vital documentsJuan Peña is “feeling a bit hopeless” after months of dealing with Homes England, the government body that ran the help-to-buy loan scheme. The doctor used one of the loans to purchase a flat with his friend, whom he is now trying […]

Rolling coverage of the latest economic and financial newsUK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.The proportion of homes on the market which have had at least one price reduction is at its highest level […]

We’ve been told that no one would lend to us if they were still living in the property and fear we’re stuckQ My husband and I bought a house with my parents 12 years ago. We own one-third and they own two-thirds. We live together and it is the main home for all of […]

More than 36% of properties have had asking price cut at least once — the highest figure since 2011UK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.The proportion of homes on the market which have had […]

Altura EC Sold 88% of its Units After Second-timer Balloting, New Private Home Sales Plunge 72.1% in August 2023, and More12 to 18 September 2023 Altura, an executive condominium (EC), saw 95 units snapped up during its second-timer balloting event on 16 September 2023, bringing its overall take-up rate to 88%. Meanwhile, new private […]

PGIM Real Estate has invested US$400 million in the housing rental markets in Hong Kong, mainland China and Australia, as the US asset manager sees huge growth in these segments and opportunities to snap up assets at deep discounts. Source : South China Morning Post Read more…PGIM invests in Hong Kong, mainland China, […]

He falsely held himself out as a financial adviser in an email to clients. Source : nzherald.co.nz/Property Read more…Businessman forged letter from Financial Markets Authority

Some relief after ‘long and energy-sapping journey’. Source : nzherald.co.nz/Property Read more…0m Bayswater Marina scheme appellants withdraw objections

Bright and bold paintwork is on the raise. Meet the expert taking the fear out of decorating, one step at a timeJoa Studholme’s job title at paint company Farrow & Ball is “colour curator”, which makes her sound like a hipster doing something groovy and opaque, or a rare breed of fine art specialist. […]

The meadow is full of flowers and the bushes bursting with berries, but it’s the apples we can’t wait to take a bite fromHow green is my garden. Gone the sandy tones of midsummer. To be replaced by a vibrant almost violent lushness. It calls for a scythe like a Van Gogh painting or […]

Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend. Major landlords Hongkong Land and Swire Properties also have their fingers in the co-working pie. Source : South China Morning Post Read more…Hong Kong office landlords grapple with ‘irreversible’ […]

With online searches for ‘floral aesthetic’ doubling, UK homes are ripe for rewilding. And it can boost your mental health tooPoppies, hollyhocks and the lesser known moon carrot are spreading their way across rugs, fabrics and furniture this autumn as a national obsession with rewilding plays out in living rooms, bedrooms and kitchens across […]

When couples move in together for the first time, many financial questions and tasks arise, leaving room for disagreement and awkwardness. Source : cnbc.com Read more…3 financial tips for couples moving in together for the first time

From starter packs to fake plants, here’s how to turn your uni accommodation into a stylish and functional living spaceThis month, hundreds of thousands of students starting university or going into their second or third year will move into the room that will be their home for a while.Maybe you are going to be […]

‘I always say to people if you want to be successful in life, do what you love doing.’ Source : nzherald.co.nz/Property Read more…Wine industry veteran Sir George Fistonich on starting again with a new brand at 83

Some people sow the popular climber on Boxing Day, some in spring, but you get a stronger plant if you start the cycle nowSorting out my seed stash is usually an inclement weather activity – reserved for the pits of winter, when going outside is often unthinkable. This year, I did it on 5 […]

This home has a hand-crafted kitchen at its heart – and is filled with classic British furniture brandsIt’s clear that someone has gone the extra mile when a kitchen features an integrated record player, set into a piece of custom-made cabinetry that’s somewhere between a kitchen island and a vintage G Plan-style sideboard.Lynsey and […]

State-linked developer Sino-Ocean will stop servicing its offshore debt, including almost US$4 billion of bonds, to pursue a debt restructuring. This signals China’s housing market is far from reversing a three-year slump. Source : South China Morning Post Read more…Sino-Ocean freezes payments on US billion bonds, other offshore debt to pursue restructuring as […]

From magnificent views to light-filled rooms … or simply living in arty locations Continue reading… Source : theguardian.com Read more…Homes for sale in England for budding artists – in pictures

New home prices fell 0.3 per cent month on month in August after a 0.2 per cent drop in July, official data showed. Easing measures may only lead to an ‘L-shaped’ recovery in the sector in coming years, Goldman Sachs says. Source : South China Morning Post Read more…China’s new home prices drop […]

Moody’s has revised its outlook for China’s property sector from ‘stable’ to ‘negative’ despite the introduction of a slew of stimulus measures by China’s regulatory authorities to boost home sales and prop up a flailing property market. Source : South China Morning Post Read more…Moody’s downgrades China property sector outlook, Fitch trims GDP […]

Muammar Gaddafi’s overthrow | Old advice on moles | Pickled onion failure | Goldilocks misgendered | A singular arseAre we proud of our victory in helping to overthrow the dictator Muammar Gaddafi? After 12 years, Libya still has no government that can maintain critical dams. No one asked the Libyans if chaos was better […]

Investigative journalist dug into the details of Jackson’s growing empire. Source : nzherald.co.nz/Property Report Read more…The Front Page: Why movie mogul Peter Jackson is buying so much land

Brokers say borrower confidence likely to lift after the first below 5% deal surfaces since June with more offers likely soonA fixed-rate mortgage priced at below 5% has gone on sale for the first time since June as leading lenders announced a fresh wave of home loan reductions.Brokers said a mortgage rate war “is […]

Brokers said buyers who would normally be looking to purchase apartments are choosing to rent for now given high interest rates. Source : cnbc.com Read more…Manhattan median rent remains at record high of nearly ,400 a month

One company is banking on rising market confidence as it auctions 60 homes in one go. Source : nzherald.co.nz/Property Read more…Auckland house prices: Property market turning in time for the spring surge

Rent cap limited to 3%, but landlords can go higher when drawing up new tenancy agreementA loophole in Scotland’s temporary rent controls has seen private landlords raise rents for new tenancies more than anywhere else in the UK, data reveals.In an effort to tackle the housing crisis, the Scottish government this spring introduced a […]