SUBSCRIBERS
Luxe London home mortgages highest in 10 years
Published Tue, Apr 12, 2016 · 09:50 PM
London
HOMEOWNERS are stretching themselves to buy the most expensive properties in London.
Fifty-eight per cent of people who bought homes for £1 million (S$1.9 million) or more in the capital last year had to use a mortgage, according to data compiled by Hamptons International. That was the highest proportion in 10 years and compares with 31 per cent of buyers during the financial crisis in 2009, the broker said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender