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Home value appreciation in the United States has slowed each month this year, seven in a row, and is at its lowest level since 2015, according to the latest real estate index. The typical home is now worth $229,000, up 5.2% from a year ago but this is the smallest annual appreciation since October 2015, […]
The post Home values fell in the US in July for a seventh month in a row appeared first on PropertyWire.
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The British Chancellor Sajid Javid has hinted that there will be a change in stamp duty coming up this autumn but has denied that his preferred option is moving the property tax to sellers. He had appeared to say that sellers will pay stamp duty rather than the present situation where it is paid by […]
The post UK Chancellor hints at potential change in stamp duty to benefit buyers appeared first on PropertyWire.
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Despite having the backing of the Government, the number of retail to residential conversions have fallen by 17% in the last year in England, new figures suggest. Shop conversions are stubbornly low despite retail industry struggles and there are reports of some councils starting to restrict conversions, according to a new report from private wealth […]
The post Retail to residential conversions down 17% despite growing retail vacancy rates appeared first on PropertyWire.
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There are 107 high rise residential and publicly owned buildings in England that have completed remediation works to remove and replace Aluminium Composite Material (ACM) cladding systems, the latest data shows. The work has become compulsory since new regulations were brought in following the inquiry into the Grenfell Tower fire in London in which 72 […]
The post Hundreds of residential buildings still have cladding that does not meet regulations appeared first on PropertyWire.
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The Government has announced over £600 million in new funding to support the building of 50,000 new homes in England. Chancellor Sajid Javid said that the fund will ensure the necessary infrastructure is in place to unlock housing in high demand areas. The finance will be made available through the Housing Infrastructure Fund (HIF), originally […]
The post Over £600 million announced for new housing infrastructure in England appeared first on PropertyWire.
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The price of property coming to the market fell by 1% in August, but this was a better performance than usual for the summer month, according to the latest index figures. It means that the average asking price of £305,500 is now just 1.2% above a year ago, the figures from property portal Rightmove show, […]
The post Seasonal dip in August asking prices less pronounced appeared first on PropertyWire.
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There was a rise of 8.3% in remortgaging in the UK in June 2019, with some 16,880 new mortgages completed in this sector of the lending market, the latest industry figures show. The data from UK Finance also shows that there were 32,760 new first time buyer mortgages completed in June 2019, down 1.5% fewer […]
The post Remortgaging rises as home buyer activity slows in the UK appeared first on PropertyWire.
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Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in developed and emerging markets alike to cut interest rates. The latest prime global index from Knight Frank shows that residential prices across 46 cities increased by 1.4% in the year to June 2019, up […]
The post Key cities around the world seeing prime property market slowing appeared first on PropertyWire.
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Rents in the private rented sector in the UK increased by 1.3% in the 12 months to July 2019, unchanged since May 2019, the latest official figures show. In England rents increased by 1.4%, in Wales by 1%, in Northern Ireland by 2.1% and in Scotland they were up by 0.9%, according to the data […]
The post Rents increased by 1.2% in the 12 months to July 2019, latest official data shows appeared first on PropertyWire.
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While on the face of it, it should be obvious that the highest average rental cost is found in the nation’s major cities, but new research suggests that it not always the case. Those with a population above 500,000 people have an average rent of £865 but this ranges from £530 and £1,727, but towns […]
The post Bigger populations don’t necessarily mean higher rents appeared first on PropertyWire.
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