The London-listed company said it wants to save up to £25m in the coming financial year after profits fell 43pc to £97m due to a slump in its US wholesale business. The figures suggest homeowners are starting to win back confidence after repeated interest rate increases last year prompted many to delay putting their house on the market. Coles added that in the south, excluding London, “we’re seeing the impact of relentless eye-watering price rises over the past few years. As a result, affordability is a major problem, and we’re still seeing asking prices drop significantly”.

• Important elements such as whether it’s a buyers’ or sellers’ market, industry trends, and property news specific to South Africa are covered in this section.
• In addition, EdgeProp SG houses in-depth analysis and expert tools to help you uncover trending real estate issues in Singapore and the region.
• The FTSE 100 has started the day on the back foot as the index looks set to continue its losing streak.
• Be sure to monitor London property news when deciding to buy a new home in London.
• If you’re eager to step onto the Spanish property ladder, we’ve explored the latest trends, including the nationalities showing the most interest and the top areas to consider.

The property giant expects its new strategy to free up $4.5 billion of capital and will sweeten the deal with a $500 million share buyback. Home listings are rising in some suburbs in Adelaide, Melbourne and Sydney, but this may not be enough to pull prices down. A suburban family bought their neighbours’ house to give them a larger block, but when interest rates went up further something had to give.

Yeida to acquire 6,000 hectares land for urban development

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. A new report finds how to fetch a higher price, attract more online listing views and make a home more liveable in the meantime.