housingmarket
The housing market, a significant indicator of economic health, has been undergoing a dramatic shift, particularly concerning millennials and Generation Z. Over the past three years, the cost of both renting and buying a home has surged significantly. However, the gap between the two has widened to an unprecedented extent. The median monthly cost of home ownership has risen to $2,800, compared to $1,800 for renting. This gap of over $1,000 is nearly double what it was during the housing bubble that precipitated the Great Financial Crisis. This disparity doesn’t even factor in the substantial d...
Due
In February, house prices in the UK increased by an average of 0.4% on the previous month. However, there has been an annual decline of -2%, according to the latest UK House Price Index (UK HPI). The annual price fall lowers the average house price in the UK to £281,000 (€328,000), with prices varying significantly depending on the location of the property. The North East saw the highest monthly increase in house prices, rising by 3.2% in the year leading up to February 2024. Meanwhile, the North West experienced the highest annual growth, with prices increasing by 2.9% over the same period. D...
Euronews (English)
The average price of a home in the UK fell by 1% from February to March, said Britain’s biggest mortgage lender, Halifax, on Friday. Last month’s drop, the first recorded since September, comes after a 0.3% rise seen in the month to February. March’s figure was up 0.3% year-on-year, much lower than the 1.45% annual rise expected by economists polled by Reuters. A typical UK home now costs £288,430 (€336,298), around £2,900 (€3,381) less than last month. "The housing market remains weak on the back of a prolonged period of elevated interest rates as the market waits patiently for the Bank of En...
Euronews (English)
In the heart of Madrid's exclusive Salamanca district, on Calle de Alcalá, a two-bedroom en-suite apartment of just over 80 square meters has just come on the market. Decorated by Nordic Standard and priced at over one million euros, it will not remain on sale for long. Homes like these have become the most sought-after assets by wealthy Latin Americans, who are transforming Madrid into a new Miami, both in terms of residence and investment destination. Watch the video in the player above to find out more.
Euronews (English)
More than half of Vienna's 1.9 million residents live in some form of subsidised housing. Vienna's reputation as a beacon of social housing excellence is widely considered well-deserved; the city council owns, co-owns and manages some 50 per cent of the city's residential real estate through an array of social schemes, these initiatives have made rents affordable for tens of thousands of households. This decades-old tradition, which began in the 1920s, has contributed to the city's status as the world's most liveable city. But is the system as perfect and idyllic as it seems? Recent developmen...
Euronews (English)
The price of an apartment in Istanbul is now in close competition with those in infamously expensive cities such as Paris and London, as figures show that Turkish house prices are 12 times higher than they were nine years ago in nominal terms. Among OECD member states, northern European countries such as Sweden and Finland have seen the smallest change, with more than 4% increases in nominal housing prices since 2015. On the other end of the scale sits transcontinental Turkey, followed by Hungary, where prices are 166% more than they were in 2015. The majority of OECD countries saw their house...
Euronews (English)
The cost of living crisis currently sweeping across Europe is affecting most people in one way or another - but single people are potentially being hit the worst. Being single can be great for you, however, it could also come with a steep price tag. According to finance and insurance company Ocean Finance, UK singletons pay about £3,195.24 (€3,739.8) every year, on things such as rents, mortgages, utilities and more. UK and European single people have, over the past few years, been hit with disproportionately increasing costs compared to couples or families. This has led to the rise of a coine...
Euronews (English)
Nationwide, rents remained fairly flat in July. But in some markets, prices soared several dozen percentage points higher than they were a year ago. Jonas Bordo of Dwellsy shares 20 cities across America where renters are experiencing more than a little sticker shock. But when it comes to markets with the fastest-rising rents, well, that’s a different story. This group changes rapidly and unpredictably, and often includes cities you’d never expect. “July’s hottest rental markets are spread all over the country—from the East Coast to the West…and lots are in the Midwest, too,” says Bordo, coaut...
ValueWalk
Utah is the fastest state to sell your home in with an average of 27.07 days taken to close a saleOregon, Georgia, and Wyoming have an average of 31 days to close a saleNationwide, closing a sale on a home takes an average of 33.5 daysWhen transacting real estate, one must consider how long it takes to close the sale, especially if the plan is to sell a home and buy another at the same time. UtahUtah ranks as the easiest state to sell a home, with an average of 27.07 days to close in 2023. This is 4% faster than the same period in 2022, which had an average of 28.43 days to close in the state....
ValueWalk
Hawaii is revealed as the state where it takes the longest time to sell your homeLouisiana comes in second, followed by Mississippi in thirdNew Hampshire ranks as having the shortest amount of time on the market before being soldThese Are The States Where It Takes The Longest Time To Sell Your HomeHawaiiHawaii is revealed as the state where it takes the longest time to sell your home. Hawaii takes the top spot as taking the longest time to sell your home when compared to all 50 states. The median number of days a home in this state is on the market for is 65 days. The metro area within Hawaii ...
ValueWalk
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