Sunday , 28 December 2025

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UK property market on risk alert after Brexit vote

  AFP The outlook for Britain’s property market darkened on mounting evidence that the country’s vote to exit the European Union is weighing on asset values. Aberdeen Asset Management became the latest of seven financial groups to order a temporary suspension on redemptions from UK property funds after companies and individuals rushed to withdraw investments in reaction to Brexit. Aberdeen …

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Average US 30-year mortgage rate falls to new 2016 lows

  AP Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe. Mortgage giant Freddie Mac says the average 30-year fixed rate mortgage fell to 3.41 percent from 3.48 percent a week ago. A year ago, the 30-year rate stood at 4.04 percent. The 15-year mortgage rate dropped to …

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El-Erian recommends UK real estate wager, with patience

  Bloomberg Allianz SE’s Mohamed El-Erian said that the forced deleveraging of U.K. commercial properties after the Brexit vote may spur opportunities for investors. “If you’re a patient investor, with a stomach for mark-to-market volatility and quasi-permanent capital, that is going to be a very attractive area,” El-Erian said in an interview on Saturday with Bloomberg Television. “But wait, let …

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