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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.

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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%.

Economy

Housing crisis: Portugal will end special tax regime for new residents

To tackle the shortage of affordable housing, the government has decided to end a 10-year tax relief scheme for new residents

Economy

House prices have started falling in Europe but it may not last long

House prices have fallen by 1.7% in the euro area compared to the previous year and by 1.1% in the European Union in the second quarter of 2023, according to Eurostat.

Markets

Billions at stake: Property giant Evergrande is facing new crisis

One of the world's biggest debt restructuring plans has been thrown into uncertainty raising fears of a major Chinese property crisis.

Business

German housing prices at record low

Residential property prices in Germany have fallen by their steepest decline since data collection began in 2000, with larger cities seeing harsher drops.

Travel News

Ireland is paying people €80,000 to save a remote island home

The generous cash grants are being offered as a way of encouraging new residents to Ireland’s offshore communities.

United Kingdom

Life with mum and dad: More UK adults still living with their parents

Nearly five million Brits are still living with mum and dad, a statistical agency has found.

Travel News

How to get paid €5,000 to move to a blissful Sicilian town

Petralia Soprana, perched on a high ridge, is designated one of the most beautiful villages in Italy.

Travel News

Why does Portugal want to end its golden visa scheme?

Portugal wants to end its golden visa scheme - but not everyone is on board.

World News

Europe's hottest property markets: Where have prices risen the most?

House prices across Europe have shown some unusual trends since the 1990s. How does your country compare?