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Housing market in UK ended 2016 strongly, latest index shows

The residential housing market in the UK finished 2016 strongly with prices up 1.7% month on month in December, taking the annual growth to 6.5%. The quarterly growth was also strong, up 2.5% in the final quarter of the year, taking the average price of a home to £222,484, the figures from lender the Halifax […] The post Housing market in UK ended 2016 strongly, latest index shows appeared first on PropertyWire . Continue reading

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Glut of unsaleable new homes in Spain down by 20% in 2016

A glut of homes built in Spain during the boom housing years before the crash of 2007 which have been difficult to sell is steadily falling but some will never sell, according to new research. Some of the houses may end up being demolished but the glut is now non-existent in several areas of the […] The post Glut of unsaleable new homes in Spain down by 20% in 2016 appeared first on PropertyWire . Continue reading

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Homes are becoming less affordable in the US as prices rise and wages don’t

Houses are becoming less affordable in the United States with the latest figures showing that in the final quarter of 2016 29% were less affordable than their historic affordability averages. This was up from 24% of markets in the previous quarter and up from 13% a year ago to the highest share since the third […] The post Homes are becoming less affordable in the US as prices rise and wages don’t appeared first on PropertyWire . Continue reading

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