Property News

Total mortgage application volume fell 9% last week compared with the previous week. Source : cnbc.com Read more…Mortgage demand took a big step back last week, even after interest rates fell further

China’s top 100 developers reported a decline in contracted sales in January, according to CRIC, suggesting that Beijing’s recent support policies have been more effective in rescuing cash-strapped home builders than stimulating demand. Source : South China Morning Post Read more…China’s top 100 developers report decline in sales in sign government support policies […]

Average cost of home now 3.2% below August 2022 peak as mortgage demand slumpsHouse prices in the UK continued to fall in January, sliding for the fifth month in a row, according to Nationwide, pushing the average cost of a home 3.2% below the peak seen last August.The cost of a home dropped by […]

UK annual house price growth slows to 1.1%; US Federal Reserve expected to raise rates by 25bps to 4.75% but markets wonder whether it will then pauseGood morning, and welcome to our rolling coverage of business, the world economy and the financial markets.The year has begun with further slowing in UK house price growth.However, […]

Wilkinson wants to concentrate almost solely on retirement village assets. Source : nzherald.co.nz/Property Read more…Multimillionaire Graham Wilkinson selling .8m Queenstown mini golf site

The companies may now face fines and a ban on selling their land, the government has saidAlmost 13,000 offshore companies holding UK property have failed to declare their ultimate owners and may now face fines and a ban on selling their land, the government has said.Martin Callanan, a business minister, praised the introduction of […]

Asphalt can be seen hanging over the edge, above the sea. Source : nzherald.co.nz/Property Read more…Auckland floods: North Shore hotel loses part of car park, cliff collapses into sea

New York Attorney General Letitia James is suing Donald Trump, the Trump Organization and others over alleged fraud involving false financial statements. Source : cnbc.com Read more…New York AG will seek sanctions on Trump, lawyers over ‘false’ court filings in fraud suit

As homeowners eye their home equity as a source of cash, there are aspects of so-called HELOCs to consider before signing on the dotted line. Source : cnbc.com Read more…3 key things to know before opening a home equity line of credit

Two Los Angeles developers hope to find buyers who will pay between $50 and a $100 million for a condo. Source : cnbc.com Read more…Luxury developers in Los Angeles bet someone will pay record prices for these condos

‘Completing this work could take a protracted period of time’ – economist. Source : nzherald.co.nz/Property Read more…Auckland floods: Building sector inflation hits 17%, set to rise

People who think they can master chaos don’t have enough children, or dogs, or interestsIt is with some chagrin that I see Marie Kondo making international news with the bombshell that she’s pretty much stopped tidying at home since the birth of her third child: “Up until now, I was a professional tidier, so […]

Readers tell us about their sightings as part of RSPB’s Big Garden Birdwatch, with many species flourishingThe Big Garden Birdwatch, a citizen survey organised by the RSPB, has returned for its 44th year. The survey took place between 27-29 January 2023 and the deadline for submitting results is on 19 February.Hundreds of readers got […]

Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising interest rates, the latest official figures show.The Bank of England said the number of home […]

We’re keen to hear from UK homeowners and prospective buyers how house price reductions in their area have affected their plansThe average UK house price fell for the fourth month in a row in December, according to Halifax.We’d like to hear from people in the UK how their plans – to buy, sell, renovate […]

The cash-strapped Chinese developer said its Hong Kong-listed shares could resume trading in March after almost a year of suspension prompted by the company’s failure to publish its 2021 accounts on time. Source : South China Morning Post Read more…China property crisis: Kaisa aims to resume shares trading in March after publishing delayed […]

‘Crikey, you should see some of what I’ve seen in the last few days’ – Wayne Fletcher. Source : nzherald.co.nz/Property Read more…Auckland floods: what homeowners must and must not do – builder

Many initiatives by local Chinese governments to boost home sales like group buying in Guizhou and prioritising jobs for new graduates buying homes in Guangxi have found no success. Source : South China Morning Post Read more…Local Chinese authorities try unusual tactics, from group-buying discounts to priority in state jobs, to spur home […]

The Federal Reserve is expected to raise interest rates once again this week. Here’s what that means for your wallet. Source : cnbc.com Read more…The Federal Reserve is likely to hike interest rates again. What that means for you

Labour hopes plan for up to 2,000 properties will help younger people return to places they grew upThe Welsh government is tackling the “blight” of derelict homes in villages, towns and cities across the country by ploughing £50m into an empty homes scheme.Up to 2,000 long-term empty properties could be brought back into use […]

A growing number of Londoners are opting for novel means of buying and selling their properties, with WhatsApp emerging as a new home for luxury listings. Source : cnbc.com Read more…London’s luxury home sellers turn to WhatsApp as private sales surge

Imminent deadline to sign up to Companies House register aimed at flushing out secretive owners will be missed by many firmsThousands of offshore companies with UK properties are still not publicly declaring their ultimate owners because they are controlled by secretive trusts, new data shows.About 18,000 companies have so far registered with the government’s […]

My £200,000 offer has been accepted, I have £135,000 from sale of my flat and £75,000 in savingsQ I have had my offer of £200,000 accepted on a property. I have also just sold my apartment for £135,000 (minus fees), and the transaction has completed. I’m temporarily living with family so have savings of […]

26th January – 30th January 2023 Private home prices rose at a slower pace in Q4 2022, rising 0.4% compared to the 3.8% hike in Q3 2022. Meanwhile, HDB resale prices logged their slowest quarterly growth for 2022, at 2.3% in Q4 2022.   1) Private home price growth slows to 0.4% in Q4 2022 […]

Expats should be open-minded and willing to compromise, say agents, with property typically smaller than in other markets. Source : South China Morning Post Read more…Explainer: property agents share tips for expats on how to get the best rental deals in Hong Kong’s property market

The Mt Albert MP arrived to explain the processes. Source : nzherald.co.nz/Property Read more…Jacinda Ardern, a chopper and a digger: Ōwairaka land/tree slide call gets big response

The Mt Albert MP arrived to explain the processes. Source : nzherald.co.nz/Property Read more…Jacinda, a chopper, digger: Ōwairaka land/tree slide call gets big response

‘We are delighted with how the construction is progressing.’ Source : nzherald.co.nz/Property Read more…Cladding applied to soaring new Mānukau Mormon temple, opening next year

Many species will thank you for turning the central heating downIt’s a time of year when plant shops seem to be flooded with many of my favourite old-school Victorian houseplants, which these days are thought of – paradoxically, thanks to the widespread adoption of central heating – as incredibly tricky to grow. As so […]

I’ve always loved a vase full of fresh blooms, now more than everFrom the first time I had my own place, I have always bought cut flowers. Aged 18, living in a squat near London’s Portobello, I would shop near the end of a Friday or Saturday market to stock up on fresh fruit […]

‘I fear that the island of trees and a huge amount of earth will move.’ Source : nzherald.co.nz/Property Read more…Land, trees slide down Ōwairaka/Mt Albert towards award-winning home

In our series on artworks in Australian homes, Paul Verhoeven shows us the portrait that will forever wed him to his Magnum PI moustacheRead more wall stories hereGet our weekend culture and lifestyle emailAs an Australian who grew up around the arts scene, Paul Verhoeven – author, broadcaster, comedian – says being painted for […]

Inspired design and clever attention to details ensures this enviable retreat complements its surroundings perfectlyThe Clay Retreat, as the name suggests, was conceived as a place of refuge – an exhale made of oak, polished concrete and plaster. Situated in the New Forest a few miles outside Lymington, it belongs to Emi and Oscar […]

Patience and determined negotiating put him on the property ladder. Source : nzherald.co.nz/Property Read more…How Aucklander, 23, got home valued at 0,000 for 5,000

Look into local authority or housing association options because you may be surprisedWhile there is a chronic shortage of social housing in the UK, with councils operating long waiting lists, it may be worth investigating whether you are eligible.The rules vary across the country, so research your local authority’s rules to find out if […]

Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crashBritain’s estate agents normally radiate optimism but they will be watching anxiously at noon next Thursday when the Bank of England is expected to announce the latest blow to a rapidly weakening property market.Crunch time has […]

New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estatesThe royal families of Gulf states including Saudi Arabia, the United Arab Emirates and Qatar own more than £1bn of UK property via offshore jurisdictions, such as Jersey and the British Virgin Islands, the Guardian can […]

Some people are paying only £150-£300 a month to rent. We explore options that could help you cut housing costsThe cost of renting a home has soared, prompting tenants to seek out cheaper options that could save some thousands of pounds a year during the cost of living crisis.Some who have turned to alternatives […]

The area beneath the damaged property is a popular walking spot. Source : nzherald.co.nz/Property Read more…Auckland floods: Pool, tanks, piles fall down cliff at .2m Beach Haven home

“Hard times will be ahead.” Source : nzherald.co.nz/Property Read more…Auckland floods: Cost to business ‘enormous’, banks offer help to victims

Customers are urged to be considerate ‘so everyone gets their fair share when they shop’. Source : nzherald.co.nz/Property Read more…Auckland floods: ‘Only buy what you need’ supermarket shoppers told

Experts, including a former White House Council of Economic Advisers chair, weigh in on where the economy stands and how consumers can brace for what’s ahead. Source : cnbc.com Read more…What is a ‘rolling recession’ and how does it impact consumers? Economic experts explain

Exclusive: New register shines light on how businessmen, Gulf royals and states such as China have spent billions through offshore jurisdictionsThe BBC chair, Richard Sharp, more than 20 Conservative donors, a string of billionaire businessmen and the Formula One driver Lewis Hamilton are among those who have declared they own UK property through offshore […]

Yoko Ono, Hamilton and Uri Geller declare themselves beneficial owners of overseas firms that hold UK propertyUK for sale: how the wealthy hold British property via offshore firmsJohn Lennon’s first home, a £16.5m London mansion owned by Lewis Hamilton and the illusionist Uri Geller’s country house have emerged among properties owned via offshore companies, […]

Despite rising U.S. rental prices, competition is easing in some markets as inventory grows, according to a new report. Source : cnbc.com Read more…Rent prices have dropped the most in these 5 U.S. metros. Why it’s cheaper to rent than buy in many markets

From an Edwardian gem by the sea to a historic townhouse Continue reading… Source : theguardian.com Read more…English homes for sale where your money goes further – in pictures

Beyoncé was performing her first live concert in more than four years at a private event for the opening of Atlantis The Royal, a $1.4 billion luxury hotel. Source : cnbc.com Read more…Beyoncé, a 0k-a-night suite and a red carpet of influencers: Dubai basks in its booming economy

Ecological conservation and smart technologies have helped Sun Hung Kai Properties sell more than 1,650 homes near Hong Kong’s Mai Po wetlands and generate over US$1.5 billion in revenue. Source : South China Morning Post Read more…Conservation elements, smart tech help Hong Kong’s Sun Hung Kai Properties generate over US.5 billion in revenue […]

‘Pretty rural bloke’ who broke his neck is now ACC spokesman. Source : nzherald.co.nz/Property Read more…Tim van de Molen recovers from chainsaw horror, becomes National’s ACC, building and construction spokesman

When a US businessman took over a beloved garden a decade ago, he decided on a radical new approach, all in the name of sustainability. But angry critics claim it’s just plain neglectJohn Curtis’s enemies – and for a man who runs a mid-sized botanical garden on the Isle of Wight, he has surprisingly […]

The Biden administration rolled out a blueprint for a renters bill of rights, a major win for tenants, advocates say. Source : cnbc.com Read more…Biden administration rolls out a blueprint for a ‘renters bill of rights’ – Here’s what it includes

Conservative plutocrats | Politicians’ replies | Allotment radicalism | Tory ethics | Wild-camping Wombles?Re Polly Toynbee’s article (Zahawi, Sunak, Johnson: this is rule by plutocrat. It’s like a stench that’s worse each day, 23 January), I used to put Steve Bell’s cartoons on the kitchen wall day by day. I stopped on 21 January […]

Despite high inflation making many things — including houses — more expensive, most millennials who plan to buy a home are simply adjusting their approach. Source : cnbc.com Read more…92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows

Mortgage interest rates fell for the third straight week, while mortgage demand rose again. Source : cnbc.com Read more…Weekly mortgage demand jumps 7% as interest rates drop to lowest level since September

It has been a good time to buy for Hong Kong developers amid a liquidity crisis on the mainland but analysts say it will still be tough to generate big returns until sentiment stabilises. Source : South China Morning Post Read more…Hong Kong developers seize mainland property opportunities amid downturn but will trend […]

16th January to 25 January 2023 Urban Redevelopment Authority (URA) data shows that new private home sales declined 34.6% month-on-month and 73.8% year-on-year to 170 units in December 2022. Meanwhile, the HDB completed 20,000 flats in 2022, its largest annual number of flats in the last five years.   1. New private home sales […]

A slew of problems, some pandemic-related, seem to have struck another builder. Source : nzherald.co.nz/Property Read more…Delays, cost overruns, no supplier credit: builder downfall costs 8,000

The recovery of Hong Kong’s retail market is likely to be slow and uncertain, as surging Covid-19 infections in mainland China and a huge supply glut limit any boost from the reopening of the border, according to industry leaders. Source : South China Morning Post Read more…Hong Kong retail market faces ‘slow recovery’ […]

$200m of sales made in December alone. Source : nzherald.co.nz/Property Read more…Four top retailers named in Kiwi’s record .7b annual sales

Molloy says matters “far from settled” in spat over new HQ Source : nzherald.co.nz/Property Read more…Leo Molloy at odds with Good Spirits Hospitality over new Auckland Viaduct HeadQuarters’ license