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Home prices in Canada up over 7% year on year but sales fell sharply in November
The national average price of a home in Canada increased by 7.3% year on year in November but sales are just 1.5% above a year ago after falling by 5.3% month on month. Overall the home price index from the Canadian Real Estate Association (CREA) is up 14.4% year on year and But sales are […] The post Home prices in Canada up over 7% year on year but sales fell sharply in November appeared first on PropertyWire . Continue reading →
Mortgage borrowing fell in UK in October with buy to let sector still weak
Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading →
City of London continues to see robust commercial property sales post Brexit
The City of London property market remains a magnate for overseas real estate investment despite Brexit and is particularly popular with buyers from South East Asia. New research shows that the location has witnessed significant capital inflows since the referendum in June despite an initial pause for breath. Since the vote, approximately £2.5 billion of […] The post City of London continues to see robust commercial property sales post Brexit appeared first on PropertyWire . Continue reading →