Property

The UK's largest private landlord will inspect its older buildings to check for dangerous concrete, which has caused the closure of hundreds school buildings in the last week. Mark Allan is the chief executive officer of Landsec. He said…

Country Garden, China's once largest private property developer based on sales, revealed a record 48.9bn loss ($6.7bn), as it struggles to survive the real estate industry's liquidity crisis. The group's six-month losses, announced on…

Nationwide data shows that UK house prices are at their lowest level in 14 years, as mortgage costs continue to rise. The Nationwide House Price Index showed that prices fell by 0.2 percent in July compared to the same period last year…

Renters forced to sell their properties by rising mortgage rates and redtape The chief executive of Foxtons said that the London property market was supported by landlords who were forced to sell their properties by higher…

Investors lowered their expectations of where interest rates will peak following a lower than expected inflation rate in June. Persimmon rose 8.3 percent, while Barratt Developments, Taylor Wimpey, and Taylor Wimpey each rose 7.8…

JPMorgan has backed a $430mn construction project loan secured by the luxury Miami condominiums, making it Florida's biggest this year. Credit is scarce for developers at this time. The loan will be used to fund the construction of Shore…

As mortgage costs increased, the pressure on the housing market caused a further decline in house prices and inquiries. According to a Royal Institution of Chartered Surveyors survey, professionals reported that the number of new buyer…

The Bank of England has warned that mortgage costs will rise sharply for 4 million households, with an average borrower having to pay almost £3,000 more per year. Andrew Bailey, the Governor of the Central Bank, said that the rise in…

As a result of interest rate hikes, banks and building societies have increased the cost of mortgages with a two-year fixed term in the UK. Moneyfacts, a data provider, reports that lenders have increased the cost of borrowing in…

Brokers report that UK homeowners are refinancing their mortgages in a rush, as they lock-in deals amid concerns about interest rates rising further. They had been waiting to see if the cost of debt would ease. Knight Frank Finance…

Cash buyers who can avoid rising borrowing costs are buying a larger share of London’s most expensive properties, boosting the resilience in London’s high-end property market. According to Savills, equity buyers purchased 71 percent of…

Jeremy Hunt will call on banks to deal with what one Tory Mp called a "mortgage-bomb that is about go off", yet he ruled in giving fiscal assistance to families struggling to pay for rising mortgage costs. Hunt said on Tuesday that he…

The Bank of England has raised borrowing costs in the last 18 months, which have led to a rise in UK mortgage rates. The latest spike, which pushed the average interest rate for a two-year loan to above 6 percent this week, was driven by…

Rising interest rates prompt lenders to clamp down on borrowers with small deposits First-time buyers are struggling to access mortgages as rapidly rising interest rates have cut the number of products for borrowers with small…

Experts have predicted that a "rising tide of City investors" will replace small-time landlords of buy-to-let properties who are being forced out of the market due to higher interest rates. According to property consultants JLL's…

Sir Charles Dunstone has been named the new owner and CEO of Purplebricks. A huge majority of Purplebricks shareholders have voted in favor of his £1 rescue of the online estate agent. In a meeting held this morning, the shareholders of…

Starmer proposes a rise in stamp duty on new-builds and restrictionsA Labour government would increase the stamp duty paid by foreign buyers of UK property while also restricting the sale of new-build properties to overseas investors under…