With the rising cost of housing in recent years, many people have given up on the idea of owning a home. However, homebuilders have found a solution for those who are willing to embrace minimalism – smaller homes with a smaller price tag. According to the Wall Street Journal, the sizes of new homes …
According to a new survey released by Re/Max Canada on Tuesday, Canada’s housing market could experience a slowdown this fall as potential buyers and sellers wait to see what the Bank of Canada does with interest rates. The report suggests that home prices will remain stagnant from August until the end of the year due …
As interest rates continue to rise, many individual buyers are being priced out of Canada’s housing market. In response to this, brokerage firm Royal LePage has released a report indicating that Canadians are increasingly turning to family and friends to afford a home. The report, based on an online survey conducted by Leger in August, …
One of the largest construction companies in the UK, Crest Nicholson, has recently issued a profit warning due to the impact of high inflation and rising interest rates in the property sector. According to the warning, the company expects full-year profits to reach £50 million, falling short of analyst expectations of £73.7 million. Crest Nicholson …
The property market is experiencing a shift, according to Colin Townsend, a representative of John Goodwin Estate Agents in the West Midlands. With mortgage rates reaching a 15-year high, the average two-year rate now sits above 6.70%, as reported by Moneyfacts. First-time buyers are particularly affected by this trend, as mortgages for those with smaller …
The Labour-led Government in Wales has recently granted approval for powers to significantly increase council tax on second homes starting from April of this year. Under this decision, the tax could rise by as much as 300 percent. A similar proposal is currently being considered in England, where Michael Gove’s department is consulting on the …
Traditional lenders have set limits on how much they can loan based on an applicant’s income, usually up to 4.5 times. However, high net worth individuals are not subject to the same restrictions. Private banks can take a more comprehensive approach by considering additional assets like investment portfolios, stocks, shares, and overseas finances when evaluating …
If a landlord is also a first-time buyer, they would be an exception to the rule and not be subject to the second home stamp duty surcharge. However, they would also not qualify for any first-time buyer tax relief and would instead have to pay standard rates. It’s important for first-time buyers to be aware …
The housing market has undergone significant fluctuations in recent years, and WalletHub has taken on the task of ranking the best cities to buy a home in this current state. In order to determine these rankings, WalletHub analyzed various factors such as affordability, median appreciation, average time homes spend on the market, and the percentage …
Sutton, located in south London, has emerged as a highly sought-after destination for international property buyers. This can be attributed to the presence of top-notch schools such as Sutton Grammar and Nonsuch High School for Girls, reasonable housing prices, and its proximity to London. Another influential factor is the appeal of the UK’s universities. Many …