Today: 28. Sep, 2024
Halifax reports a 4.6% decrease in house prices as elevated interest rates curb the enthusiasm of potential buyers. The UK housing market has witnessed its most significant yearly decline in 14 years, attributed to the summer’s seasonal downturn and the burden of…
Despite posting £705 million in annual profits, the home construction company highlights obstacles in mortgage affordability as a limiting factor for buyers. The UK’s leading homebuilding firm, Barratt Developments, foresees a challenging landscape for the housing market in the near term, attributing…
Despite vows to eliminate ‘dirty money’ following Russia’s Ukraine invasion, the UK has failed to deliver on promises Last year, after Russia’s invasion of Ukraine, the UK government committed to purging London of corrupt capital. The legislation that was passed aimed to…
Swift bricks are a simple measure to protect numerous at-risk species, experts and Zac Goldsmith assert, as he proposes the change. A proposal that mandates the inclusion of swift bricks in new residential projects in England is set for discussion in the…
The ownership of nearly 70% of properties in England and Wales, held by foreign shell companies, remains undisclosed. A recent analysis revealed considerable shortcomings in regulations designed to thwart wealthy individuals from secretly hoarding assets. The British government hastily set up an…
The Californian group, Flannery Associates, involved in a colossal $800m venture, has introduced a new website featuring conceptual designs. For years, some of Silicon Valley’s most influential figures have discreetly amassed farmlands in northern California. Their ambitious goal? To construct an ideal…
A sharp 5.3% decrease is observed, correlating with a roughly 40% drop in sales completions in the first half of the year versus 2021. August witnessed a 5.3% decline in UK house prices compared to the same time last year, marking the…
Asking prices for homes in the UK saw a further dip, intensifying concerns about the housing market’s downturn, especially after Crest Nicholson issued a profit alert. Meanwhile, in a move that caught most economists off guard, China’s central bank reduced one of…
Evergrande Group, China’s emblematic property giant and at the heart of the country’s real estate turmoil, has turned to US courts for bankruptcy protection. The move is aligned with Chapter 15 of the US bankruptcy law, aiming to safeguard its American assets…
Two leading property developers in China are encountering grave financial challenges, raising concerns over potential ripple effects on the broader Chinese economy. Evergrande, a notable representative of China’s real estate struggles, recently sought Chapter 15 bankruptcy protection in New York. This move…
