Category: Property
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What to Consider When Investing in Property Management Software
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Property and housing management may seem like you are wading through quicksand. Manually preparing invoices, sending receipts, and creating financial reports can take up a lot of your time and energy. This often leads to burnout, taking your focus away from tracking every last penny. This is where property management…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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London’s high-end property market cools on worries about tax hit By Reuters
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LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…
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Housing crisis leaves 21 hopeful tenants battling for each rental property
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The UK rental market is facing a severe crisis, with an average of 21 potential tenants competing for every available property, while the number of homes available to rent continues to shrink. According to Zoopla, a leading property search platform, the availability of homes for rent is now 24% lower…
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UK Parliament Proposes Bitcoin As Personal Property
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The UK Parliament is making waves by introducing groundbreaking legislation that recognizes Bitcoin and other cryptocurrencies as personal property. This bill, aimed at providing legal clarity and protection for digital asset holders, marks a significant step in the global acceptance of crypto assets. By classifying them as personal property, the…
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UK Parliament Introduces Bill to Recognize Bitcoin and Crypto as Personal Property
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The UK Parliament today introduced the Property (Digital Assets etc.) Bill to formally and legally recognise Bitcoin, cryptocurrencies and other digital assets as personal property. Through this new legislation, for the first time, digital assets such as Bitcoin, other cryptocurrencies, non-fungible tokens (NFTs) and carbon credits will be formally protected…
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Hong Kong Property Pain Worsens for New World and Scion CEO
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(Bloomberg) — Shares of New World Development Co. fell as much as 14% Monday morning, as a slowdown in Hong Kong’s property market weighs on the company owned by billionaire Cheng’s family. Most Read from Bloomberg The company said late Friday it expects to post a loss of up to…
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Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property By Reuters
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SEOUL (Reuters) – The head of Mercedes-Benz in South Korea on Wednesday met residents of an apartment complex damaged by a fire that started in one of its electric cars and raged for more than eight hours, raising concerns about public safety. Mercedes-Benz Korea CEO Matthias Veitel will hold a…
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Landlords and property managers are offering concessions
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The recent boom in apartment construction has stabilised rental prices, and the increased choice available to tenants means landlords may have to sweeten the deal. Rents have skyrocketed during the pandemic. But things have changed, with landlords and property managers offering concessions to attract residents — and to keep their…
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Simon Property closes 7th straight session of gain as most REITs advance on rate cut hopes
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jetcityimage/iStock Editorial via Getty Images Simon Real Estate GroupNYSE:SPG) closed a seventh straight session of gains on Tuesday, July 16, as real estate investment trusts saw a fresh surge in stock prices on the back of economic data supporting the case for interest rate cuts. The arrow is finished Trading…
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China Property Crash Is Battering a Niche Pocket of ESG Finance
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Breadcrumbs Path Links PMN Business China’s slowing property market is weighing on another corner of the financial market: ESG-rated secured debt. Article author: Bloomberg News Ishika Mukherjee Published on July 14, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in…
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Property catastrophe reinsurance rates fall in July, report says By Reuters
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LONDON (Reuters) – Global property catastrophe reinsurance rates ranged from unchanged to “mid- to high-single-digit” declines in July after years of rising prices, reinsurance broker Guy Carpenter said on Monday. Insurance companies tend to renew their reinsurance contracts on specific renewal dates, including July 1. Reinsurance rates — insurance for…
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Win for Raphael Tuju as court allows him to question bank official in Karen property fight
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The High Court has allowed former Cabinet Secretary Raphael Tuju to question an East African Development Bank official over his disputed loan with the regional lender. In a ruling in favour of Mr Tuju, Justice Alfred Mabia allowed an application to cross-examine Mr David Odongo over a statement he made…
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FCPT Announces Acquisition of a National Veterinary Associates Property for $2.0 Million By Investing.com
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MILL VALLEY, Calif.–( BUSINESS WIRE )– Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-lease restaurants and retail properties. (FCPT or the Company) is pleased to announce the acquisition of the property of National Veterinary Associates for $2.0…
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FCPT Announces Acquisition of a National Veterinary Associates Property for $2.0 Million By Investing.com
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MILL VALLEY, Calif.–( BUSINESS WIRE )– Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-lease restaurants and retail properties. (FCPT or the Company) is pleased to announce the acquisition of the property of National Veterinary Associates for $2.0…
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Families Rush to Transfer Property Amid Fears of Labour’s Inheritance Tax Crackdown
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Wealthy landowners are hastily transferring their estates to their children ahead of the general election, driven by fears that a Labor government may tighten inheritance tax breaks. Concerns about potential tax bills have prompted many to speed up property transfers, said Joseph Adonis, a partner at Moore Kingston Smith and…
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Commercial Property Values Poised for Growth as Office Return Accelerates
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The commercial property market may be approaching rock bottom as more workers return to their offices, according to Land Securities, one of the UK’s largest landlords. Mark Allan, chief executive of Land Securities, which has a portfolio worth billions, said high-quality property values “have pretty much bottomed out and will…
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How The Rise In Cash Offers Are Shaping the House Buyer Property Market
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Imagine you’ve found your dream home, spent days searching for the perfect mortgage, and just as you’re about to make an offer, a buyer comes along and buys the property for cash. This scenario is becoming increasingly common in the real estate market, relegating traditional buyers to the sidelines. Although…