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UK Mortgage Borrowers Facing a Summer of Discontent

UK Mortgage Borrowers Facing a Summer of Discontent

by Phil Hall | Jun 19, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage borrowers in the U.K. began the week with a new degree of financial discomfort as the average two-year fixed mortgage rates for homebuyers hit 6.01% today, the highest level since last December. The rate was 5.98% on Friday, as per data from Moneyfacts. This...
New Portal Helps Nova Scotia Residents Displaced by Wildfires

New Portal Helps Nova Scotia Residents Displaced by Wildfires

by Phil Hall | Jun 15, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate software company Yardi added a new feature to their rental listing portal Point2 that will help Nova Scotia residents who were displaced in ongoing wildfires find temporary shelter. To locate these properties, evacuees can use the filter “NS Wildfire...
Israeli Home Sales At 21-Year Low

Israeli Home Sales At 21-Year Low

by Phil Hall | Jun 14, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Israeli housing market has hit a major pothole, with home sales down 55% year-over-year in April. According to a Times of Israel analysis of Israeli Finance Ministry data, April’s home sales volume is the lowest level for the month in 21 years (not counting the...
Sales Begin for Luxury Units in World’s Tallest Residential Tower

Sales Begin for Luxury Units in World’s Tallest Residential Tower

by Phil Hall | Jun 13, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The world’s tallest residential development, Dubai’s Burj Binghatti Jacob & Co. Residences, has begun sales on its luxury units. Billed as a “Hyper-Tower,” the property is a collaboration between the Emirati developer Binghatti and the jewelry...
Ottawa’s Bennett Property Shop Teams with Forbes Global Properties

Ottawa’s Bennett Property Shop Teams with Forbes Global Properties

by Phil Hall | Jun 13, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City-based Forbes Global Properties has announced residential specialist Bennett Property Shop will exclusively represent its brand in Ottawa, making it the company’s third brokerage in Canada. Marnie Bennett founded Bennett Property Shop in 2012 after nearly...
Lord Cadogan, Billionaire UK Real Estate Executive, Dies at 86

Lord Cadogan, Billionaire UK Real Estate Executive, Dies at 86

by Phil Hall | Jun 12, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Charles Cadogan, the 8th Earl Cadogan and one of Britain’s wealthiest real estate executives, passed away on June 11 at the age of 86. According to the Daily Mail, Cadogan headed up Cadogan Estates, which owns nearly 100 acres of prime real estate in the Kensington...
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