economist

Value of homes in UK up 51% or £1.9 trillion since 2006

The total value of privately owned residential properties the UK has grown to over £5.5 trillion for the first time, according to new research. In the last 10 years the total value has increased by 51% or £1.9 trillion to an estimated £5.6 trillion, a rise that has comfortably out-paced the retail price index, which […] The post Value of homes in UK up 51% or £1.9 trillion since 2006 appeared first on PropertyWire . Continue reading

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New home lending falls in Australia as stamp duty costs rise

The number of new home loans being approved in Australia fell slightly in October, down 0.4% month on month and are now 2.4% below a year ago, the latest published data shows. The number is likely to ease back towards the end of 2017 as fewer new homes are being built, according to the Housing […] The post New home lending falls in Australia as stamp duty costs rise appeared first on PropertyWire . Continue reading

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UK house prices set to grow 2% in 2017, half what was predicted before Brexit vote

House prices in the UK are set to rise by 2% in 2017 as growth is held back by uncertainty around Britain’s decision to leave the European Union, according to a poll of housing analysts. However, prices in London are set to see a small decline of 0.5% before recovering in 2018, says the results […] The post UK house prices set to grow 2% in 2017, half what was predicted before Brexit vote appeared first on PropertyWire . Continue reading

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