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Rate of residential rental growth halves in Great Britain in 2016
Rents grew by 1.6% in 2016 across Great Britain to reach an average of £927 per calendar month, but this was the lowest annual increase for seven years and half the rate of 2015, new data shows. In London average rents ended the year 2.9% down on 2015, the largest fall since March 2009, to […] The post Rate of residential rental growth halves in Great Britain in 2016 appeared first on PropertyWire . Continue reading →
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 →
New buy to let lending bounced back in fourth quarter of 2016
Following a shift to more remortgaging in the buy to let lending market, more landlords moved to purchase properties in the final quarter of 2016, the latest data shows. After the Brexit vote in the summer and concerns about changes to stamp duty for additional homes the number of mortgages for new purchase fell in […] The post New buy to let lending bounced back in fourth quarter of 2016 appeared first on PropertyWire . Continue reading →