Australasia

Remortgages drive growth in UK home lending market

Gross mortgage lending in the UK held steady in October but is being driven more by remortgages than new buyers due to a lack of supply in the current housing market. It reached an estimated £20.6 billion, according to the latest figures from the Council of Mortgage Lenders and closely matches September’s gross lending total […] The post Remortgages drive growth in UK home lending market appeared first on PropertyWire . Continue reading

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Review of home ownership in UK shows severe decline in young buyers

The first major review into home ownership in the UK in over a decade reveals that the financial squeeze on young people is at the heart of the decline in the number of home owners and calls for a long term approach to housing issues. The independent Redfern Review reveals that home ownership is the […] The post Review of home ownership in UK shows severe decline in young buyers appeared first on PropertyWire . Continue reading

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Lack of supply pushing up property prices in Portugal

Falling supply at a time when demand is rising is helping the residential property market in Portugal recover with the latest index report showing prices are rising. Like its neighbour in Spain, the property market in Portugal was hit hard by the global economic downturn with overseas buyers falling but now estate agents are seeing […] The post Lack of supply pushing up property prices in Portugal appeared first on PropertyWire . Continue reading

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