Tag: Standard
-
Russian naval HQ strike a ‘blow to the dictatorship of Putin’
Good evening. The missile strike that hit a Russian navy headquarters was a “blow to the dictatorship of Putin”, according to a Ukrainian air force spokesman. Also, the King and Queen close out their France state visit. Black Sea navy headquarters hit by Ukrainian missile A Ukrainian missile struck the headquarters of Russia’s Black Sea ... -
Estate agents illegally hiding best offers from sellers, watchdog warns
Home sellers could be missing out on best offers because of commission fees earned by estate agents, Trading Standards has warned. Many estate agents receive referral fees by recommending mortgage brokers, solicitors, surveyors and other third party services. The boss of the enforcement authority for estate agents said these fees can be so high that ... -
Dubai house prices rise at fastest pace in the world after Russian influx
House prices in Dubai are rising at the fastest pace in the world following an influx of Russian money. High levels of immigration mean average prices in the Gulf emirate have soared by 15pc between mid-2022 to mid-2023 when adjusted for inflation, according to UBS. The rapid growth was the steepest pace recorded out of ... -
How to buy a home: Your step-by-step guide
After you have completed, you can move into your new home, or begin any work on the property you are hoping to complete before taking up residence. Despite all of the organising and admin you’ve already done, this part of the process calls for a lengthy to-do list. First things first, once you know your ... -
What Austria’s booming housing market has to teach the UK
Mr Schwarz said through these players, affordable housing supply on the market corrects market rates downwards. He added: “Apart from this direct action on the property market, there is a large system of subsidies and cooperatives. “These associations develop, build, rent and sell units with the obligation not to exceed a certain rent or price. ... -
Cornish village sells flats for £1 to block second homeowners
Cornwall Council has agreed to sell a £640,000 Grade-II listed apartment block for just £1 to ensure the properties do not become second homes. The 11 Coastguard Flats in Looe, a historic fishing village, have been bought by community project Three Seas Community Land Trust, which has offered to carry out a £1m renovation of ... -
How China’s property market crashed – and Xi Jinping’s radical plan to fix it
John Lam, head of China property research at UBS, says the shantytown redevelopments contributed to an excess of supply, while Li says there was a failure to assess demand. Country Garden, which narrowly escaped collapse in recent weeks, had built homes in cities where there was relatively little demand, Li says. Across the country, she ... -
Barratt shares offers the chance to capitalise on a coming house price boom
While the halcyon days of near-zero interest rates are long gone, the IMF expects Bank Rate to fall in the coming years. This could make mortgages more affordable, while an end to the cost of living crisis and a significant pickup in economic activity may further boost demand for new homes. In terms of supply, ... -
Rishi Sunak’s plans to rip up EU red tape to build 100,000 new homes face defeat in Lords
Industry leaders have said that projects that would deliver more than 100,000 homes across the country have been prevented as a result. A quarter of those are in “Red Wall” areas like the Tees Valley, Cumbria and County Durham, which the Tories need to hold to win the next election. Swathes of the South and ... -
Rent may rise more than four times faster than house prices, estate agent forecast warns
Meanwhile, a build-up of long-term supply issues combined with rising landlord costs will continue to put pressure on rents, Hamptons suggested. A combination of lower rental yields and more landlords being reliant on finance will put added pressure on investor profits in London in particular, it added. Aneisha Beveridge, head of research at Hamptons, said ...