Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
British Land Co. has sold its stake in Sheffield’s Meadowhall Shopping Centre, one of the largest shopping malls in the UK, to Norway’s sovereign wealth fund.
China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout.
Foreign buyers swooped in to purchase Chinese stocks on Friday as Xi Jinping’s government announced a slew of measures to bolster the housing market.
China’s property stocks need a sustainable turnaround in order to foster investor confidence that this year’s broader equities recovery can maintain, or even increase its momentum.
Jul 11, 2023
BNN Bloomberg
,A private island with five buildings in Ontario’s cottage country has hit the market for a whopping $32.5 million.
Described as “one of the finest properties in all of Muskoka,” Fawn Island comes with nine bedrooms and eight bathrooms spread across five buildings, a private dock, a chef-quality kitchen and a secondary island for camping, to a name of few of the features.
“It’s not only private from the surrounding properties, but it’s private within the island,” Marilyn Mannion, a sales representative with Chestnut Park, told CTV News Toronto Sunday.
The property has three homes, dubbed the Glass House, the Canoe House and the Lodge, along with two boathouses, one of which has two bedrooms.
Mannion specifically points to the Glass House as an area of note.
“It’s a very unique structure, sits right at the water’s edge, and it’s almost, because its glass, you can’t really even see it,” she said.
Mannion said the island has yet to receive any offers since hitting the market in late June, but that real estate in the area is booming.
“There was a point in time where a $5-million listing was considered a very high-end listing,” she said. “Now, you’re seeing listings at $18 and $19 million.”
All images are courtesy of Marilyn Mannion and Chestnut Park: