Demand
More lettings stock, Brexit and stamp duty have had an impact on London rental market
An increase in residential lettings stock in London due to Brexit and stamp duty is having a downward pressure on rents, according to the latest analysis report. A return to rental growth, last seen in March 2016, is unlikely as tenants have adjusted to the current lower levels and more choice means they can afford […] The post More lettings stock, Brexit and stamp duty have had an impact on London rental 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 →
Lack of supply and high prices hit home sales market in the US
A lack of properties on the market and deteriorating affordability led to pending home sales in the United States falling in January by 2.8% to their lowest level in a year. Interest in buying a home has increased to its highest point since the global economic downturn but the buying market is currently challenging, according […] The post Lack of supply and high prices hit home sales market in the US appeared first on PropertyWire . Continue reading →