impact

Higher borrowing hits US property market with sales down in November

Pending home sales in the United States dipped in November to their lowest level in nearly a year with buyers put off by higher mortgage rates and not enough inventory, the latest analysis suggests. Only the Northeast saw monthly and annual sales gains last month with the pending home sales index from the National Association […] The post Higher borrowing hits US property market with sales down in November appeared first on PropertyWire . Continue reading

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Demand keeping prime markets in the East of London more buoyant than in central areas

Proximity to the London’s main financial districts is driving demand for prime property in the East of the city, particularly Canary Wharf and Wapping which are becoming sought after by prime property buyers. People who work in the area also want to live there and developers have sought to meet this demand with a number […] The post Demand keeping prime markets in the East of London more buoyant than in central areas appeared first on PropertyWire . Continue reading

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Lenders’ organisation in UK wants stamp duty reformed in 2017

Looking ahead to 2017 the Council of Mortgage Lenders believes that stamp duty needs to be reformed as it is one of the biggest barriers to home ownership. The CML, which represents over 90% of home lenders in the UK, says that the property tax paid by buyers, which rises with the price, is preventing […] The post Lenders’ organisation in UK wants stamp duty reformed in 2017 appeared first on PropertyWire . Continue reading

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