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Existing home sales up year on year in the US for 56 months in a row
Existing home sales in the United States increased again in October to the highest annual pace for almost a decade, the latest real estate index shows. All major regions saw monthly and annual sales increases with a national rise of 2% which means that transactions in this sector are now 5.9% above a year ago, […] The post Existing home sales up year on year in the US for 56 months in a row appeared first on PropertyWire . Continue reading →
First time buyers in Scotland borrow more in third quarter of 2016
First time buyers are driving the property market in Scotland with more loans advance to them in the third quarter of 2016 than any quarter since 2007. The latest data from the Council of Mortgage Lenders (CML) shows that overall home buyers borrowed £2.2 billion for house purchase, up 5% quarter on quarter but down […] The post First time buyers in Scotland borrow more in third quarter of 2016 appeared first on PropertyWire . Continue reading →
UK property industry disappointed over lack of stamp duty reform
There is disappointment in the UK property industry that Chancellor Philip Hammond did not take on board calls for a change to stamp duty, the tax paid when a property is bought. In the run up to the autumn statement there had been hope that he might reverse the 3% additional stamp duty imposed earlier […] The post UK property industry disappointed over lack of stamp duty reform appeared first on PropertyWire . Continue reading →