Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
British Land Co. has sold its stake in Sheffield’s Meadowhall Shopping Centre, one of the largest shopping malls in the UK, to Norway’s sovereign wealth fund.
China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout.
Foreign buyers swooped in to purchase Chinese stocks on Friday as Xi Jinping’s government announced a slew of measures to bolster the housing market.
China’s property stocks need a sustainable turnaround in order to foster investor confidence that this year’s broader equities recovery can maintain, or even increase its momentum.
Jan 7, 2020
BNN Bloomberg
,The Greater Toronto housing market ended 2019 with another double-digit sales increase.
The Toronto Real Estate Board says home sales rose 17.4 per cent in December compared to last year, with 4,399 properties changing hands.
Single-family and semi-detached homes led the way.
It also caps off a year where the market recovered from its decade-low sales levels in 2018.
“As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year,” TREB President Michael Collins said in a release.
The average selling price of a home also rose 11.9 per cent in December to $837,788.
Both new and active listings dropped in the month, prompting TREB to renew its call for more housing supply, and warned the market will continue to tighten until the housing inventory issue is addressed.
“Increasingly, policy makers, research groups of varying scope and other interested parties have acknowledged that the lack of a diverse supply of ownership and rental housing continues to hamper housing affordability in the GTA,” said Jason Mercer, TREB’s Chief Market Analyst. “Taking 2019 as an example, we experienced a strong sales increase up against a decline in supply. Tighter market conditions translated into accelerating price growth. Expect further acceleration in 2020 if there is no relief on the supply front.”