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Higher borrowing hits US property market with sales down in November
Pending home sales in the United States dipped in November to their lowest level in nearly a year with buyers put off by higher mortgage rates and not enough inventory, the latest analysis suggests. Only the Northeast saw monthly and annual sales gains last month with the pending home sales index from the National Association […] The post Higher borrowing hits US property market with sales down in November appeared first on PropertyWire . Continue reading →
Lenders’ organisation in UK wants stamp duty reformed in 2017
Looking ahead to 2017 the Council of Mortgage Lenders believes that stamp duty needs to be reformed as it is one of the biggest barriers to home ownership. The CML, which represents over 90% of home lenders in the UK, says that the property tax paid by buyers, which rises with the price, is preventing […] The post Lenders’ organisation in UK wants stamp duty reformed in 2017 appeared first on PropertyWire . Continue reading →
Caribbean property market starting to recover as sales pick up post global downturn
The real estate market in the Caribbean was affected by the global economic crisis of 2008 and is slowly recovering with the main locations for overseas buyers set for a more positive 2017. Some challenges remain in the residential property market, most notably an oversupply in some areas and uncertainty over how Donald Trump’s presidency […] The post Caribbean property market starting to recover as sales pick up post global downturn appeared first on PropertyWire . Continue reading →