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Residential market in Dubai close to bottom and likely to stagnate in 2017

Lower oil prices and currency changes affecting expats have affected Dubai’s residential real estate market with prices and rents still down in the fourth quarter of 2016 but now close to bottom. But the decline in the market is slowing and property experts believe that rents and prices will be more stable in the first […] The post Residential market in Dubai close to bottom and likely to stagnate in 2017 appeared first on PropertyWire . Continue reading

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New buy to let lending bounced back in fourth quarter of 2016

Following a shift to more remortgaging in the buy to let lending market, more landlords moved to purchase properties in the final quarter of 2016, the latest data shows. After the Brexit vote in the summer and concerns about changes to stamp duty for additional homes the number of mortgages for new purchase fell in […] The post New buy to let lending bounced back in fourth quarter of 2016 appeared first on PropertyWire . Continue reading

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Home approvals in Australia bounced back towards end of 2016

Approvals for new homes in Australia bounced back towards the end of last year and are expected to remain positive in 2017. They increased by 7% in November compared to the previous month, according to the figures published by the Australian Bureau of Statistics. But more apartments than houses are being built. Apartment approvals increased […] The post Home approvals in Australia bounced back towards end of 2016 appeared first on PropertyWire . Continue reading

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