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UK home owners embraced remortgages in 2016 due to record low rates

The value of remortgaging in the UK increased by 21% year on year in 2016 reaching £65.7 billion with home owners doing so more often, new research shows. Remortgage enthusiasm was driven by record low rates, anticipation of a rate rise in 2017 and the decision by the UK to leave the European Union, according […] The post UK home owners embraced remortgages in 2016 due to record low rates appeared first on PropertyWire . Continue reading

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Demand for new developments pushing up prices in parts of New York

Despite the uncertainty and volatility that defined 2016, the real estate market in New York was and even broke several record highs mainly due to sales in new developments, the latest research shows. Prices throughout much of Manhattan and Brooklyn increased in 2016 with median prices, average prices and prices per square foot all reaching […] The post Demand for new developments pushing up prices in parts of New York appeared first on PropertyWire . Continue reading

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Mortgage market in UK could be subdued in 2017 with Brexit and potential rate rise

Gross mortgage lending in the UK reached £20.4 billion in December, down 4% from the previous month but 4% higher year on year, the latest figures show. It brings the estimated total for the year to £246 billion, a 12% increase on 2015’s £220 billion and the highest annual gross lending figure since 2008, according […] The post Mortgage market in UK could be subdued in 2017 with Brexit and potential rate rise appeared first on PropertyWire . Continue reading

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