Two homebuyers who booked 3BHK flats in 2010 are finally getting a refund with interest and compensation after a 16-year delay. The Delhi State Consumer Disputes Redressal Commission ruled in their favor, ordering the housing society to return over Rs 79 lakh with 8.25% interest and pay Rs 3 lakh for mental agony and litigation costs.
South Korea's unique jeonse rental system is facing a crisis as deposits and rents surge in Seoul, making homeownership increasingly difficult for ordinary households. This instability is linked to tax policies affecting multi-home owners.
Mortgage application volume fell 3.8% last week due to mixed rate movements. Refinance applications dropped 5%, while purchase applications decreased 3%. Rates are influenced by inflation data and optimism over the Strait of Hormuz opening, with potential impacts from oil price fluctuations.
A Delhi consumer court has ordered a Ghaziabad housing society to refund over Rs 79 lakh to two homebuyers and pay Rs 5 lakh in compensation for delaying flat possession by over 15 years. The society also faced penalties for deficiency in service and was ordered to pay interest on the refunded amount.
Italian Deputy Economy Minister Maurizio Leo stated that the flat tax threshold is unlikely to reach 100,000 euros due to EU VAT regulations, which cap it at 85,000 euros. He also mentioned the possibility of reducing the tax on home purchases for young people from 10% to 4%, contingent on finding the necessary resources.
UP RERA urges homebuyers to purchase properties based on carpet area, not super built-up area, to ensure they pay only for usable living space. The authority emphasizes that legal provisions mandate disclosures and sales based on carpet area, which can be verified on the UPRERA portal.
Over 45% of Seoul apartment deals in Jan-May were by first-time buyers, a record high since 2010. This surge is attributed to eased loan regulations for first-time buyers and government measures allowing them to purchase homes with existing leases in designated areas. 30-somethings dominate this group.
India's RERA, enacted in 2016, aims to bring transparency and accountability to the real estate sector, protecting homebuyers' interests through mandatory project registrations, disclosure requirements, and penalties for non-compliance.
Total mortgage application volume fell 2.5% last week as demand for home purchases slowed to its lowest pace since April, despite a slight decrease in the average 30-year fixed-rate mortgage to 6.57%. Refinance applications also declined.
Homebuyers must understand four key property documents: Occupancy Certificate (OC), Completion Certificate (CC), RERA registration, and the sale deed. These ensure legal compliance, protect investments, and prevent future disputes.
UK house prices dropped 0.6% in May, the first decline this year, as rising interest rates and Middle East conflict hurt demand. Average prices are up 1.7% year-on-year, but growth has slowed.
In 2026, buying a home requires understanding loan nuances and the broader economic landscape. Despite low interest rates, rising construction costs and currency stress present challenges. Buyers must honestly assess affordability, with EMIs ideally below 50% of take-home pay and a 10-year horizon.
In 2026, buying a home in India is affordable due to low interest rates, but buyers must assess affordability realistically. Factors like price-to-income ratios, rising construction costs, and potential interest rate hikes due to currency stress are critical considerations.
India's RERA Act provides homebuyers with legal recourse against builders for delayed property possession. Buyers can seek compensation, interest, or a full refund if possession exceeds promised timelines, with RERA authorities enforcing these rights.
One Nation is dissolving and re-establishing branches amid internal risks, while housing advocates urge support for Labor's negative gearing and capital gains tax reforms. Feral horse numbers surge in Kosciuszko National Park, and Israel deports activists seized from a Gaza-bound flotilla.
Australian community and housing groups urge parliament to pass Labor's negative gearing and capital gains tax changes to improve fairness for renters and first homebuyers, despite concerns from economists and the property lobby.
Thousands of Indian homebuyers face delays, rising EMIs, and broken promises from builders. The Real Estate (Regulation and Development) Act, 2016 (RERA) provides legal remedies. This guide explains homebuyers' rights, compensation claims, and how to file a RERA complaint.
Despite historically high unaffordability, a growing number of Gen Zers are buying homes, often through aggressive saving, single purchases, and leveraging financial tools, outpacing millennials in homeownership rates at the same age.
The UK housing market is experiencing a slowdown due to concerns over rising inflation and mortgage rates linked to the Middle East conflict, with reduced buyer inquiries, slower sales, and price sensitivity, according to the RICS survey.
Mortgage applications increased 1.7% week-over-week, with purchase applications rising 4% and refinance applications declining 1%, as buyers adapt to higher mortgage rates (30-year fixed at 6.46%) despite economic uncertainties.
Hong Kong homebuyers snapped up new flats on offer on Saturday, fuelling optimism that the bull run in the city’s property market will continue. All 154 units at Sun Hung Kai Properties’ Lime Spark project sold out as of 4.30pm, while 147 homes, or 93 per cent of the 158 flats available at Henderson Land’s Highwood Phase 2 project, found buyers, according to real property agents. “Home prices have climbed by nearly 8 per cent this year, and prospective buyers are likely to find that a delay in...
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise -- indicating that lower-income borrowers dropped out.
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise -- indicating that lower income borrowers dropped out.
