international
Rate rises not affecting Hong Kong property market with prices set to rise 5% this year
The residential property market in Hong Kong looks set to overcome recent rate rises in the short term, a new analysis suggests, with prices set to rise by 5% in 2017. The final two months of 2016 saw an increase in the Hong Kong Monetary Authority’s base rate to 1% and the introduction of a […] The post Rate rises not affecting Hong Kong property market with prices set to rise 5% this year appeared first on PropertyWire . Continue reading →
Housing stock value in UK passes £5 trillion for the first time
The total value of all homes in the UK rose to a record £6.79 trillion last year with the South East outperforming London, new research shows. Overall growth of £491 billion underscored housing’s status as the UK’s greatest store of wealth, according to latest analysis from international real estate adviser Savills. It means that privately […] The post Housing stock value in UK passes £5 trillion for the first time appeared first on PropertyWire . Continue reading →
Apartment rents fell across most of Dubai in 2016 and set for further decline in 2017
Rents for apartments in Dubai fell in most sectors during 2016 but some locations saw lease values rise, according to data from the official index published annually by the land department. The data from the Dubai Land Department shows that rents for two bedroom apartments, one of the most popular types of rental properties, fell […] The post Apartment rents fell across most of Dubai in 2016 and set for further decline in 2017 appeared first on PropertyWire . Continue reading →