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Business

German office property prices tumble as challenges loom for investors

Germany's office property market has seen a record drop in prices, coupled with disappointing returns for investors.

Economy

Is a commercial real estate crisis unfolding across Europe?

Recent global events have sparked fears of a commercial real estate crisis in Europe, mirroring situations in Japan and the US. Notably, Deutsche Pfandbriefbank AG faces significant downturns due to the real estate market's weakness.

Travel News

French court blocks plan to scrap 90-day visa rule for British expats

The news comes as a blow to the roughly 86,000 British people who own a second home in France.

Business

Does China's Evergrande have to pay back its $300 billion debts now?

The world’s most heavily indebted real estate developer has been ordered to undergo liquidation. But their assets don't cover their liabilities.

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Economy

First-time buyers look for long-term loans to get on property ladder

One-fifth of first-time buyers in the UK wanting to get onto the property ladder are taking out mortgages of more than 35 years, according to UK Finance.

Economy

Here's why repossession looms for pricey property owners

More owners of very expensive property at the top end of the market are being repossessed, according to reports from estate agents around the UK.

Economy

UK house prices rise again after market downturn

UK house prices have risen for the second consecutive month in response to high demand and softening economic conditions.

Economy

UK mortgage rates could stay higher for longer - here's some advice

Cooling inflation rates could reduce the interest payments due on variable mortgage plans, but analysts warn this won’t happen just yet.

Experiences

What’s it really like to start a new life in rural Italy?

Rural Italy is full of abandoned properties in need of renovation.

Economy

How are European firms exposed to China’s struggling property sector?

A number of European companies have been facing tremors as the Chinese property sector teeters on the brink of collapse.

Economy

UK: Is homeownership becoming a privilege for the elite?

A large majority of people aspiring to buy a house in the UK find that homeownership is reserved for the elite, says a new report.

Economy

UK mortgage approvals fall to lowest in eight months

The latest data suggests a further slowdown in the property market due to rising borrowing costs.

Business

China's Evergrande gets last chance to come up with new debt deal

Evergrande's liquidation hearing initially scheduled for Monday was adjourned by a Hong Kong court as the property developer's shares hit an all-time low.

Destinations

Wanted: New owner for this abandoned Spanish village

Previous owners who bought the village in the early 2000s had aimed to transform it into a tourist hotspot.

Markets

Property giant Country Garden defaults on dollar bonds

Country Garden, the biggest builder in the Chinese property market, has failed for the first time to pay $15.4 million interest on its dollar bonds.

Business

France extends 0% interest rate loans for low-income households

Mortgages granted to low-income first-time homeowners will increase from €80,000 to €100,000 in 2024. The eligibility criteria for the fiscal measure will also be broadened, in an effort to help more people get on the property ladder.

Business

Default deadline looms for Chinese property giant Country Garden

The largest property developer in China will be in default if it fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period.

Economy

IMF worries about China's financial stability due to property crisis

At the ongoing World Bank-IMF annual meetings in Morocco, IMF officials urged Chinese authorities to intervene as an unprecedented property crisis rocks the world's second-largest economy.

Business

Chinese property development giant Country Garden nears default

Country Garden, one of China’s largest property groups, warned on Tuesday that it would “not be able to meet all of its offshore payment obligations."

Economy

Number of young Portuguese homeowners has halved in 20 years

Over two generations, the percentage of people aged under 25 who own their own home has fallen by around 50%.