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Higher stamp duty behind sharp decline in prime property sales in central London
The prime central London residential property market has experienced a sharp decline in sales volumes since the middle of 2014 mainly due to higher stamp duty rates, a new report confirms. However, while sales have been weaker, a combination of lower asking prices and a weaker pound has begun to push demand indicators higher in […] The post Higher stamp duty behind sharp decline in prime property sales in central London appeared first on PropertyWire . Continue reading →
Majority of estate agents in the UK not affected by Brexit, new poll shows
Nearly two thirds of estate agents in the UK remain undeterred and unaffected by Brexit as they have not seen activity drop as a result of the referendum vote, a new survey shows. Overall some 64% of estate agents polled by cloud based estate agency software provider Dezrez said they had not developed a Brexit […] The post Majority of estate agents in the UK not affected by Brexit, new poll shows appeared first on PropertyWire . Continue reading →
Job concerns and fall in oil prices impacting property markets in Abu Dhabi
The Abu Dhabi residential real estate market saw a slight slowdown in the first half of 2016, mainly due to the decrease in oil prices since the beginning of 2015, according to the latest analysis report. Overall, residential rental rates decreased by 3% on average with high end property rents down by 4% while there […] The post Job concerns and fall in oil prices impacting property markets in Abu Dhabi appeared first on PropertyWire . Continue reading →