Tag: London real estate
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The annual spring fever that hits the London real estate market is more like a seasonal chill, as home sales remain sluggish, a lingering hangover from high interest rates, say industry observers.
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The annual spring fever that hits the London real estate market is more like a seasonal chill, as home sales remain sluggish, a lingering hangover from higher interest rates, say industry observers. In fact, with prospective buyers sitting on the sidelines as the inventory of homes for sale climbs, many may be waiting to see…
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London-area homes sales plummet in March as listings spike
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London-area home sales hit a 10-year low in March amid a rush of new listings as the average price of a home jumped to nearly $650,000, new figures show.
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How’s this for a move-in bonus? Buy a house, get a Tesla
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EVE Park, a net-zero community in west London, has about a dozen condo units it wants to move and is offering the luxury electric vehicles to buyers who close on one of the homes before May 31.
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London-area home sales, listing prices both increasing, new figures show
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After home sales jumped by nearly 30 per cent in January compared to the same month in 2023, the trend continued into February, along with an rebound in average home sales prices, newly released figures show.
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London area new home listings soar in January, average price dips
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Homes sales in the London area jumped nearly 30 per cent in January, compared with the same month last year, but the average price dipped from December.
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London-area realtors detail ‘lacklustre’ home sales in latest monthly figures
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London-area home sales slowed in November, and were down roughly nine per cent from the same month last year, as the housing market endures ongoing pressure from soaring interest rates.
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More homes are on the market in the London and St. Thomas area, and sales continue to cool, as the impact of high interest rates has hit homeowners, say real estate industry officials.
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More homes are on the market in the London and St. Thomas area, and sales continue to cool, as the impact of higher interest rates hits homeowners, say real estate industry officials. A recent study by Zoocasa, the national realty firm, states about 40 per cent of news listings in October in the London and…
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Uncertainty over interest rates keeping London-area home sales in check
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The average selling price for a London area home eased slightly last month as a record number of new listings for October hit the market.
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September saw 1,320 new listings on the London market, a 12.6% increase from one year ago and the highest total for the month since September 2014.
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The heady days of bidding wars and price escalation behind it, the local real estate market has struck a “balance,” said Adam Miller, chair of the London and St. Thomas Association of Realtors.
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Average London-area sale price stalls as home buyers eye interest rates
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The average selling price for London-area homes remained virtually unchanged in August, the latest local market snapshot shows, a “quiet” month as fence-sitting buyers await the Bank of Canada’s next moves, one observer says.