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Home prices up year on year in Canada but sales down by 5% in December 2016

The national average price of a home in Canada increased by 3.5% in December year on year but sales were down by 5%, the latest index data shows. However, month on month sales increased by 2.2% although the modest rebound recovered less than half of the drop in activity from October to November which was […] The post Home prices up year on year in Canada but sales down by 5% in December 2016 appeared first on PropertyWire . Continue reading

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Brexit unlikely to dent London as focus for property investment in Europe

London will remain an attractive location for commercial property investment in Europe despite Brexit although some banks and financial organisations may move out of the city, new research suggests. They could look to take space in other European cities such as Frankfurt and Berlin as a result of the decision by the UK to leave […] The post Brexit unlikely to dent London as focus for property investment in Europe appeared first on PropertyWire . Continue reading

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Home approvals in Australia bounced back towards end of 2016

Approvals for new homes in Australia bounced back towards the end of last year and are expected to remain positive in 2017. They increased by 7% in November compared to the previous month, according to the figures published by the Australian Bureau of Statistics. But more apartments than houses are being built. Apartment approvals increased […] The post Home approvals in Australia bounced back towards end of 2016 appeared first on PropertyWire . Continue reading

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