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UK house prices speed up but slowdown coming, nationwide says
Date: September 1, 2022
LONDON (Reuters) – British house prices rose at a faster monthly pace in August than in July but the market is set to cool as surging energy prices hit households and the Bank of England pushes up interest rates, mortgage lender Nationwide said on Thursday. House prices last month were 0.8% higher than in July...
Chinese developers in ‘survival mode’ slash property investment
Date: August 15, 2022
BEIJING (Reuters) -Chinese developers in “survival mode” sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is not about to turn the corner anytime soon. China’s property market, accounting for about a quarter of the economy, has been trapped in a capital...
Crypto attracting huge investors in cryptomania
Date: August 11, 2022
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Finding opportunities amid rising inflation
Date: August 8, 2022
By Jatin Ondhia, CEO, Shojin Investors are facing one of the most chaotic and unpredictable macroeconomic periods since the Global Financial Crisis of 2008. After a decade of negligible inflation, 2022 has seen prices rise across developed markets at rates not seen for more than 40 years, reaching 9.4% in the UK last month, with...
UK’s purplebricks says housing supply to stay challenging; posts FY loss
Date: August 2, 2022
(Reuters) -Britain’s biggest online-only estate agency Purplebricks reported an annual loss on Tuesday, mainly hurt by hurdles in implementing a new operating model and said it expects supply in the housing market to remain challenging. Purplebricks changed its business model in 2021 by making its sales agents permanent employees, while a Money Back Guarantee pricing...
Zara founder ortega’s real estate assets worth $15.5 billion in 2021
Date: July 21, 2022
MADRID (Reuters) – The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets’ market value rose by over 1 billion euros to 15.2 billion euros ($15.53 billion) in 2021. Pontegadea, the Ortega family’s investment vehicle, controls a 59.29% stake in Inditex and...