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Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns

by Phil Hall | May 30, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.K. housing market experienced the removal of roughly 800 mortgage deals from the market last week as the nation faces growing uncertainty over interest rate hikes. According to the data resource Moneyfacts, the number of residential mortgages on the U.K declined...
UK Homeowners Facing Mortgage Rates Over 5%

UK Homeowners Facing Mortgage Rates Over 5%

by Phil Hall | May 26, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

While Americans are dealing with mortgage rates in the mid-6% range, their U.K. counterparts are being warned that they will be burdened with 5%-plus fixed-rate deals in the coming weeks. According to a report in The Guardian, the publication on Wednesday that April’s...
Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

by Phil Hall | May 25, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadians have looked to the future and roughly one in four plan to buy investment property over the next five years. According to a new survey from Royal LePage, 11% of Canadians – approximately 4.4 million people – currently invest in residential real estate. Of...
Sydney Opera House Receives 6 Star Rating for Sustainability

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
Survey: The Global Workforce Isn’t Fully Back in the Office

Survey: The Global Workforce Isn’t Fully Back in the Office

by Phil Hall | May 24, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While the world has moved on from the Covid-19 pandemic, the global workplace has yet to fully resume its pre-pandemic status – especially in office properties. A new survey by Unispace of 9,500 employees and 6,650 employers from 17 countries found that only half of...
Toronto Office Market Could Have Oversupply Through 2041

Toronto Office Market Could Have Oversupply Through 2041

by Phil Hall | May 24, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area (GTA) runs the risk of having a significant oversupply of office space that will impact the market until at least 2041. A new report prepared by Altus Group and released by NAIOP Greater Toronto predicted the near-future with three hybrid work...
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