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A Hong Kong-listed Chinese real estate developer said it will suspend all offshore debt payments, citing weakness in the country’s property market, deteriorating sales and constrained liquidity.
Chancellor of the Exchequer Jeremy Hunt and the UK’s largest lenders have agreed people should be given a 12-month grace period if they miss mortgage payments as fears grow about the burden on millions of homeowners of rapidly rising mortgage rates.
Treasury Secretary Janet Yellen sees diminishing risk for the US to fall into recession, and suggested that a slowdown in consumer spending may be the price to pay for finishing the campaign to contain inflation.
Investors bet the Bank of England will raise interest rates to the highest level in more than two decades, a move that will likely inflict damage on the UK housing market, squeeze borrowers and hurt the economy.
Silverstein Properties is pitching a casino on the far west side of Manhattan, joining a handful of developers vying for one of three downstate gaming licenses.
Jun 20, 2023
, BNN Bloomberg
A very unique home in Ontario is up for sale.
Described as “simply amazing,” the dome-shaped house in Centre Wellington, Ont., about 100 kilometres northwest of Toronto, comes with three bedrooms, two bathrooms, a rec room, a gym and a bar with the asking price of $2.1 million.
Outside the house, the property comes complete with a pool, barn and 5.7 hectares of land.
The listing also notes that the home’s curved shape makes airflow more energy efficient and doesn’t require as many load-bearing walls, making much of the house an open concept.
You can see photos of the home below. Credit goes to Mochrie & Voisin Real Estate Group.
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