Tag: <span>Real estate</span>

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Evergrande faces fresh debt deadline as property market woes widen
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Evergrande faces fresh debt deadline as property market woes widen

Financial markets were braced for more bad news about the shaky Chinese property market as struggling giant Evergrande looked set to miss a fresh round of debt repayments worth $148m, and another developer pleaded for more time to repay what it owes. China Evergrande Group missed two coupon payment deadlines last month worth $131m amid widespread concern of huge...

UK house sales tumble in July after stamp duty holiday deadline
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UK house sales tumble in July after stamp duty holiday deadline

House sales tumbled by almost two-thirds in July after tens of thousands of homebuyers rushed to complete their purchases in order to beat Rishi Sunak’s end-of-June stamp duty holiday deadline. Following a record surge in activity in June, when 213,370 UK homes changed hands, transactions slumped 62% to 82,110 in July according to official data, after...

Covid led to huge London property exodus, says Hamptons
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Covid led to huge London property exodus, says Hamptons

London leavers bought 73,950 homes outside the capital in 2020, as the coronavirus pandemic led the biggest exodus from London in four years. People from London bought homes worth a collective £27.6bn over the course of the year – the largest amount spent since 2007, according to research by the estate agent Hamptons. The dash for property...

House prices will drop in 2021 as Covid impact hits, says Halifax
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House prices will drop in 2021 as Covid impact hits, says Halifax

House prices in the UK are expected to fall by up to 5% next year, fuelled by rising unemployment and the end of the government’s stamp duty holiday. Halifax, Britain’s biggest mortgage lender, said the economic fallout inflicted by the pandemic would catch up with the property market in 2021, after an unexpected boom during the...

Sold! Surge in UK homes being bought at auction
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Sold! Surge in UK homes being bought at auction

It’s the 17-year stalwart of daytime TV, famous for revealing the hidden potential of dilapidated properties and the rapacious profits of the punters bold enough to buy them at auction. Now, Homes Under the Hammer is being credited with fuelling a new boom in the property market, as auctioneers report a sharp increase in sales and bidders...