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Manchester, Edinburgh and Birmingham set to be property hot spots of 2017
Property price growth is likely to be subdued in London with bigger regional cities in the UK expected to outperform the capital city, according to a new analysis report. Overall residential price growth of 0.5% is forecast for the UK, rising to 1% in London but the prime property market in the capital is set […] The post Manchester, Edinburgh and Birmingham set to be property hot spots of 2017 appeared first on PropertyWire . Continue reading →
Homes sales down in the US due to falling supply and affordability
Existing home sales in the United States fell 2.8% year on year in December but the nation saw its best year in a decade for residential real estate, the latest index data shows. Ongoing affordability tensions and historically low supply levels contributed to the fall in sales at the end of 2016 but at 5.45 […] The post Homes sales down in the US due to falling supply and affordability appeared first on PropertyWire . Continue reading →
Rate rises not affecting Hong Kong property market with prices set to rise 5% this year
The residential property market in Hong Kong looks set to overcome recent rate rises in the short term, a new analysis suggests, with prices set to rise by 5% in 2017. The final two months of 2016 saw an increase in the Hong Kong Monetary Authority’s base rate to 1% and the introduction of a […] The post Rate rises not affecting Hong Kong property market with prices set to rise 5% this year appeared first on PropertyWire . Continue reading →