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The Latest in Property...
The U.K.’s amateur landlords, already bruised by higher taxes when they buy rentals and lower rates of tax relief, could be facing a new blow.
Swedish housing developers will need to step up the pace as a record inflow of refugees feeds a growing housing crisis, the country’s financial markets minister said.
American Residential Properties Inc. is poorly managed and may need new directors to boost the single-family housing landlord’s value for shareholders, activist investor Jonathan Litt said in a regulatory filing Friday.
Sue Roy, a 37-year-old accountant from the London suburb of Upminster, moved back in with her parents to save for a down payment after finding herself unable to afford a home in the U.K. capital.
Home values in London’s best districts fell 1.5 percent to about 880,600 pounds ($1.3 million) in October from a year earlier, according to an analysis of Land Registry data by Bloomberg.
Foxtons Group Plc founder Jonathan Hunt can go ahead with plans to build one of London’s largest residential basements -- complete with a swimming pool and car museum -- after the French government lost a bid to block the massive project next to its embassy.
U.K. house-price growth slowed to a five-month low in November, according to Nationwide Building Society, which also noted a shortage of properties for sale.
Shanghai plans to sell 6.96 billion yuan ($1.09 billion) of bonds backed by local government-managed funds that provide mortgages as China seeks to boost home sales and clear a nationwide property oversupply.
Philippine builders like SM Prime Holdings Inc. and Ayala Land Inc. can’t add retail space fast enough to satisfy demand from Southeast Asia’s most-confident consumers that pack Manila’s malls.