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Residential market in Dubai close to bottom and likely to stagnate in 2017

Lower oil prices and currency changes affecting expats have affected Dubai’s residential real estate market with prices and rents still down in the fourth quarter of 2016 but now close to bottom. But the decline in the market is slowing and property experts believe that rents and prices will be more stable in the first […] The post Residential market in Dubai close to bottom and likely to stagnate in 2017 appeared first on PropertyWire . Continue reading

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Prices down 2% month on month in New Zealand

Average property prices in New Zealand fell at the end of 2016 but agents believe it was a seasonal blip rather than a sign that the housing market is set to slowdown as sales levels did not dip. Average prices fell by 2% in December month on month to $913,709 while the median price was […] The post Prices down 2% month on month in New Zealand appeared first on PropertyWire . Continue reading

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Housing market in UK ended 2016 strongly, latest index shows

The residential housing market in the UK finished 2016 strongly with prices up 1.7% month on month in December, taking the annual growth to 6.5%. The quarterly growth was also strong, up 2.5% in the final quarter of the year, taking the average price of a home to £222,484, the figures from lender the Halifax […] The post Housing market in UK ended 2016 strongly, latest index shows appeared first on PropertyWire . Continue reading

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