Mansion Global Daily: Building homes in the United States is becoming more expensive
Reducing asking prices for a third of UK homes
Higher interest rates are driving down prices in the UK, with around a third of homes for sale in the country (36.3%) cutting their asking price at least once, the most widespread discounts since 2011, according to the UK property portal. Correct movement. The national average discount has reached £22,700 (US$28,094). Prospective sellers are preparing to cut back on their sales in a bid to lure buyers away from the margins amid a turbulent time for the country’s property market. City in the morning
Building homes in the United States is becoming more expensive
Like sunlight, there is little inflation untouched. Residential construction input prices rose 1.5% month-over-month in August, with crude oil prices and raw energy materials prices rising 8.9% and 5.4%, respectively, during that time frame, according to a report from T.He is associated with the builders and Contractors, based on analysis of US inflation data. “Anyone who thought hyperinflation would simply disappear later this year has woken up this week,” ABC chief economist Anirban Basu said. “While energy prices will make headlines, items such as concrete and electrical switchboards also showed inflationary trends in August.” International Property Magazine
Building permits decline in Germany
Permits to build apartments in Germany fell by 31.5% in July, year-on-year, according to the National Statistics Office. Germany aims to build 400,000 new apartments annually, but this appears to be an increasingly difficult measure to achieve. The Federal Statistics Office cites rising construction costs and difficulty securing financing as driving factors behind the free fall, while the country’s builders are calling on the government to press ahead with a stimulus package to support the industry. The Business Times
Nearly 119 acres of farm and homestead in Wyoming hit the market for $58 million
A massive Wyoming ranch that was once won in a 1944 card game has gone on the market for $58 million. Spanning approximately 119 acres in Grand Teton National Park, Grand View River Ranch has a history as rich and colorful as the cowboys who once inhabited the area. In addition to the colorful history and stunning views, the ranch comes with hiking trails, pastures, and dozens of buildings, including a guest lodge, barn, and owner’s house. The real deal
