Property News
UK Interest Rate Cut is Expected to Benefit Property Market
NuWire - 10 Aug 2016 17:18
Though the UK's interest rate has already been long-maintained at a historic low, the Bank of England have further slashed interest rates to an all-time low from 0.5% to 0.25% in order to stimulate the UKs economy and to...
New home approvals in Australia down in June, latest data shows
Property Wire - 10 Aug 2016 16:50
The number of new home approvals in Australia fell by 0.9% in June, the second monthly fall in a row, according to the latest data to be published. In seasonally adjusted terms, total approvals decreased 2.9% with both t...
Airbnb winning in Rio, even in poorest neighborhoods
CNBC - 10 Aug 2016 15:08
Rio, a city that once lacked enough hotels and is living under Brazil's recession, has meant big opportunity for homesharing.
First time buyer lending in UK up by 25% in June compared to a year ago
Property Wire - 10 Aug 2016 13:45
There was a growth in the home lending market in the UK in June with the first time buyer market seeing a particular boost in activity, according to the latest figures from the Council of Mortgage Lenders (CML). Home own...
Millions of UK home owners fail to get a survey on their property
Property Wire - 10 Aug 2016 10:19
Over seven million UK home owners have taken a serious financial risk by choosing not to have a survey completed on their current property, new research has found. Some 13 million home owners have needed unexpected build...
Home Counties prime property rents down month on month and year on year
Property Wire - 10 Aug 2016 09:26
Prime rents across the English Home Counties, locations that are popular with people who commute to work in London, fell by 0.6% between April and June, according to the latest index. The Knight Frank rental index also s...
Research shows just 18% of UK mortgage holders overpay to reduce their loan
Property Wire - 10 Aug 2016 08:44
Mortgage holders in the UK could save over £1,800 in interest alone through regular overpayments, according to new research. Some 18% overpay on their mortgage every time a payment is due and 11% have even delayed buyin...
Activist Pressures Ratner Family to Relax Control of Forest City
Wall Street Journal - 10 Aug 2016 06:02
Investors are pressuring the Ratner family to loosen their grip on their nearly 100-year-old property empire, which owns high-profile urban properties such as the New York Times headquarters.
How One Developer Learned Not to Put the House Before the Horse
Wall Street Journal - 10 Aug 2016 05:21
When a prime piece of property came up for sale in coastal Orange County, Calif., five years ago, it was a natural draw for residential developers. But there was a catch in an area known as "the equestrian capital of the...