housing-market
Top StoriesUK Construction Activity Slowest in Nine Months -PMI
Top StoriesUK House Price Growth Slows Slightly in June – Nationwide
Top StoriesUK Homebuilder Berkeley Warns of Slowing Supply in Sector
Top StoriesBeset by Uncertainties, Spanish Borrowers Lock in Home Loan Rates
UK House-Building Slows to Weakest Since May 2020 – PMI
Date: June 8, 2022
By David Milliken LONDON (Reuters) – Construction of new homes in Britain almost ground to a halt last month as builders feared the cost-of-living squeeze and rising interest rates would constrain demand, a closely watched survey showed on Wednesday. May’s S&P Global/CIPS construction Purchasing Managers’ Index (PMI) fell to 56.4 in May from 58.2 in...
BoE’s Cunliffe Seeing Evidence of Slowdown in Housing Market
Date: June 1, 2022
LONDON (Reuters) -Bank of England Deputy Governor Jon Cunliffe said on Wednesday the central bank was seeing evidence of a slowdown in the housing market. House prices have been increasing at double-digit rates annually but there have been signs of a potential slowdown, with Bank of England data on Tuesday showing a sharp drop in...
Large Landlords in Germany Consider Rent Increases as Inflation Soars
Date: June 1, 2022
BERLIN (Reuters) – Germany’s largest residential landlord Vonovia will increase rents if high inflation rates persist, its chief executive officer said, as consumer prices in Europe’s biggest economy have reached the highest level in nearly half a century. “If inflation is permanently at four percent, rents will also have to rise accordingly each year in...
Some Real Estate Markets Seen Falling as Global Frenzy Fades – Reuters Poll
Date: June 1, 2022
By Hari Kishan and Ross Finley BENGALURU/LONDON (Reuters) – The global property market frenzy that gathered pace during the pandemic as people scrambled to buy more living space is likely over as interest rates rise, and house price inflation is expected to drop off, Reuters surveys of market experts showed. Huge price rises of as...
Analysis-Safe as Houses? Rising Rates Test Foundations of Property Boom
Date: May 30, 2022
By Francesco Canepa and Julie Gordon (Reuters) – In Toronto’s far-flung suburbs, just a few months ago a typical three-bedroom house would have fetched 40 offers on bidding night and sold well over the asking price. Now, home-buyers have become hard to find. “You’re not getting the bidding wars anymore,” said Tim Keung, chief executive...
Euro Zone’s Overpriced Housing Market May Sag if Rates Rise, ECB Says
Date: May 25, 2022
FRANKFURT (Reuters) – The euro zone’s overpriced housing market may sag if mortgage rates rise faster than inflation, exposing debt-fuelled bubbles in some countries, the European Central Bank said on Wednesday. In its Financial Stability Review, the ECB also warned about further falls in asset prices if the economic outlook deteriorates as a result of...