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Price rises brings more US home owners out of negative equity but still a drag on the market
There are fewer home owners in the United States underwater on their mortgages, but more than half of those who remain underwater owe at least 20% more than their homes are worth. The depth of negative equity alone will ensure that negative equity will continue to be a drag on the housing market even after […] The post Price rises brings more US home owners out of negative equity but still a drag on the market appeared first on PropertyWire . Continue reading →
Official data shows where homes in England and Wales are least affordable
A quarter of neighbourhoods in England and Wales were off-limits to many prospective home owners last year because average income in these areas was below the level needed to buy, new research suggests. According to analysis of data from the Office of National Statistics (ONS), the cost of an entry level property on average across […] The post Official data shows where homes in England and Wales are least affordable appeared first on PropertyWire . Continue reading →
Sum available for British investors to reclaim from bust developers in Spain rises
Tens of thousands of British buyers left high and dry by bankrupt developers in Spain have been given fresh hope that they may be able to recoup some of the money they put down as a deposit. As much as £5.3 billion could be made available thanks to a landmark ruling by the Spanish Supreme […] The post Sum available for British investors to reclaim from bust developers in Spain rises appeared first on PropertyWire . Continue reading →