International Realty

Landlords will ‘increase rental demands to pay for mortgages’

Jul 7th, 2008 | By RT Staff | Category: International Realty

Britain’s landlords may well be forced to increase rental demands in order to meet mortgage payments as a result of the credit crunch.
A new poll by comparison service moneysupermarket.com suggests that over four million households in Britain have been forced to take out a personal loan or credit card to cover mortgage and rental costs [...]



International Real Estate Federation Supports GHF Plan to Expand Micro Mortgage Initiative

Jul 3rd, 2008 | By RT Staff | Category: International Realty

The International Real Estate Federation (FIABCI) announced its support of a plan by the Global Housing Foundation (GHF) to provide access to affordable housing for residents living in some of the world’s poorest communities. The “Micro Mortgage” program, which has been successful in Central America, has received a quarter-billion dollar commitment from Merrill Lynch. It [...]



Agents using new strategies to close the real estate deal

Jul 3rd, 2008 | By RT Staff | Category: International Realty

As the credit crunch, soaring food and oil prices and other economic problems continue to hobble the sale of homes throughout Europe, real estate agents are being forced to rethink how they can push sales through.
Even though house prices across Europe, especially in Britain, Spain and Ireland, are continuing to fall, borrowing costs are spiraling [...]



Glut of listings chills torrid Sask

Jul 2nd, 2008 | By RT Staff | Category: International Realty

The mercury might be rising in Saskatchewan lately, but the housing market is showing distinct signs of cooling down, industry observers say.
Amid a booming economy, house prices in Saskatchewan grew about 32 per cent last year and are projected to grow another 20 per cent this year. That’s expected to be the biggest rise in [...]



UK mortgage approvals collapse to record low of 42,000

Jul 1st, 2008 | By RT Staff | Category: International Realty

Mortgage lending into the property market in effect collapsed during May, according to the latest figures from the Bank of England. The number of mortgages approved for house purchase fell to just 42,000 the lowest figure recorded by the Bank since it began collecting this information 15 years ago.
Economists described the numbers as “alarming”, [...]