AGP Executive Report
Last update: 12 hours agoHousing Policy & Finance: Australia’s real estate bodies are pushing back on a proposed ban on limited recourse borrowing arrangements for SMSFs buying ordinary residential property, arguing it could reshape investor demand. Affordability & Supply: York Central’s first phase cleared detailed planning approval, unlocking 1,000+ homes plus a hotel and new rail access—while the wider push keeps spotlight on affordable housing delivery. Market Pressure: Research in the UK says leasehold homes are becoming effectively unsellable as service charges, safety costs and short leases choke off buyers and lenders. Construction Slowdown: Slovakia reports a sharp drop in new starts and completions, warning that tighter supply can feed higher prices. Risk & Costs: Reinsurance firm KBW expects property catastrophe XoL rates to fall at least 10% for 2027 renewals, though adequacy concerns remain. Safety & Oversight: North Adams Housing Authority commissioners lacked required state training for years, raising oversight questions as tenant concerns grow. Local Real Estate Business: Danberry Realtors expands into Defiance via merger with Go Giver Real Estate. Cross-Border Real Estate Services: Atradius Surety enters Canada to support surety needs for construction and real estate firms. Mortgage Rates Watch: US CPI held at 3.4% year-on-year in August, keeping expectations high for a Fed rate hike next week.
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