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Stamp duty impacts Hong Kong property market with sales down almost 50%

The decision to raise stamp duty rates to 15% for all but local first time buyers in early November has led to a slowdown in sales in Hong Kong. Residential sales fell by 47.3% month on month in December 2016 across all price ranges as the tax change combined with the holiday season to dampen […] The post Stamp duty impacts Hong Kong property market with sales down almost 50% appeared first on PropertyWire . Continue reading

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Demand for new developments pushing up prices in parts of New York

Despite the uncertainty and volatility that defined 2016, the real estate market in New York was and even broke several record highs mainly due to sales in new developments, the latest research shows. Prices throughout much of Manhattan and Brooklyn increased in 2016 with median prices, average prices and prices per square foot all reaching […] The post Demand for new developments pushing up prices in parts of New York appeared first on PropertyWire . Continue reading

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Property companies call for London to be at heart of Brexit negotiations

A plan for keeping the property market in London, and with it the UK, globally competitive following Brexit, has been set out by leading property companies in a series of recommendations aimed at the Government, the Mayor of London and local leaders. The Westminster Property Association and the City Property Association, who represent more than […] The post Property companies call for London to be at heart of Brexit negotiations appeared first on PropertyWire . Continue reading

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