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Areas in England dominated by pricey holiday homes to get £60m for affordable housing

Community led housing in England it to get a further boost from a new annual £60 million fund which will help almost 150 councils tackle the problem of high levels of second home ownership, it has been announced. Housing Minister Gavin Barwell said that the new Community Housing Fund will put local groups in the […] The post Areas in England dominated by pricey holiday homes to get £60m for affordable housing appeared first on PropertyWire . Continue reading

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Calls for leasehold new build sales to end in the UK

Newly built homes in the UK are being left unsaleable after catching house buyers in a leasehold property trap, with owners being asked to fork out five figure sums for freeholds, it is claimed. With a 999 year long lease and marketing describing them as ‘virtually freehold’, new build properties are becoming increasingly attractive to […] The post Calls for leasehold new build sales to end in the UK appeared first on PropertyWire . Continue reading

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Home prices up 2.7% quarter on quarter in Australia as affordability becomes an issue

The national housing market in Australia has continued to show growth over the past quarter with capital city home values increasing by a further 2.7% according to the latest data. The increase in prices has taken the total value of residential property nationally to $6.7 trillion at the end of October 2016, according to the […] The post Home prices up 2.7% quarter on quarter in Australia as affordability becomes an issue appeared first on PropertyWire . Continue reading

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