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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 →
Brexit brings down the price of farm land in England and Wales
Farm land values in England and Wales fell in 2016, caused by concerns about how Brexit will affect the rural sector, but could stabilise this year, according to new research. Overall values fell by 2.6% in the final quarter of 2016 and were down 9% year on year, the biggest annual decline since 1999, the […] The post Brexit brings down the price of farm land in England and Wales appeared first on PropertyWire . Continue reading →