Tag: money
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Foxtons warns of difficult outlook as interest rate hikes dampen property transactions
Foxtons warns of ‘challenging’ months ahead as inflation and interest rate hikes weaken property transactions The firm said its annual turnover for 2022 are set to exceed market forecasts Foxtons boss: ‘The economic outlook for the year ahead remains uncertain’ Mortgage rates escalated in the aftermath of a controversial ‘mini-budget’ By Harry Wise For This ... -
Is it a good time to sell your home? Sellers are setting unrealistic prices, experts say
As house prices begin to go down according to many measures, the property market is at an impasse. There are increasing numbers of sellers setting unrealistic asking prices, perhaps buoyed by higher valuations received in months past. And meanwhile, prospective buyers are standing by and waiting for the cost of a home to fall. Seven ... -
How a house price crash will crush retirement dreams for millions
A house price crash risks “crushing” homeowners’ long-term finances, as those banking on property wealth in retirement will see their later life resilience fall seven times further than those who rent, new analysis shows. The bigger the fall in house prices, the more significant the projected damage to retirement financing, as those who hoped to ... -
How to run a buy-to-let empire from hundreds of miles away
The couple used a property sourcer to help select houses, although Wilkinson went to view each one before committing. In order to rent properties in Wales, landlords need to be licensed and Wilkinson had to attend a training course in order to qualify. “If you want to succeed you have got to be prepared to ... -
These money and investing tips can help you spot a bear in bull’s clothing
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Deferred annuities are better deals than immediate annuities A better way of securing a guaranteed lifetime income. Read More Any way you slice it, the bears control the ... -
How Jacinda Ardern primed New Zealand for a catastrophic house price crash
Tax on landlords As demand outstripped supply, this only increased prices further, with tax regulations adding to the froth. “The tax system is oriented in a way that encourages investment in property effectively as a form of savings,” says Michael Gordon, acting chief economist at Westpac Institutional Bank. “So we’ve tended to have house prices ... -
Landlords launch legal fight against Nicola Sturgeon’s rent cap
Nicola Sturgeon’s rent cap and eviction ban could soon be challenged in court amid warnings it has exacerbated a shortage of homes for tenants in the country. Propertymark, a property trade body, and the Scottish Association of Landlords and Scottish Land and Estates have submitted a court petition requesting a judicial review of the ongoing ... -
House prices fell across all regions in England last month, Rics says
UK house prices registered the most widespread falls in 13 years last month as buyer demand and sales activity shrank more sharply than expected in the face of higher borrowing costs and the risk of a recession, a closely-watched survey shows. The Royal Institution of Chartered Surveyors’ house price balance, which measures the difference between ... -
The one type of property resisting the house price slump
Soaring energy bills have also made these properties less appealing for prospective homeowners. Jonathan Hopper, of buying agents Garrington Property Finders, said older homes that require upgrades are seeing greater price reductions in order to attract buyers. He said: “Properties that require refurbishment and a lot of work doing to them have fallen out of ... -
How Nicola Sturgeon’s second home tax raid wrecked Scotland’s rental market
Landlords have abandoned the Scottish buy-to-let market following Nicola Sturgeon’s tax crackdown, creating a shortage of homes for students and families in the country. Investment in new rental properties with multiple bedrooms “disappeared overnight” after the Government increased the tax paid when purchasing second homes in Scotland from 4pc to 6pc in December, estate agents ...