Island

Stamp duty impacts Hong Kong property market with sales down almost 50%

The decision to raise stamp duty rates to 15% for all but local first time buyers in early November has led to a slowdown in sales in Hong Kong. Residential sales fell by 47.3% month on month in December 2016 across all price ranges as the tax change combined with the holiday season to dampen […] The post Stamp duty impacts Hong Kong property market with sales down almost 50% appeared first on PropertyWire . Continue reading

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Demand for new developments pushing up prices in parts of New York

Despite the uncertainty and volatility that defined 2016, the real estate market in New York was and even broke several record highs mainly due to sales in new developments, the latest research shows. Prices throughout much of Manhattan and Brooklyn increased in 2016 with median prices, average prices and prices per square foot all reaching […] The post Demand for new developments pushing up prices in parts of New York appeared first on PropertyWire . Continue reading

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Residential rents rose or were stable across Scotland in November 2016

Residential rents in Scotland increased or remained the same across the country between October and November 2016 taking the average to £569 per month, the latest index shows. Edinburgh and the Lothians have the most expensive with the capital city seeing annual growth of 4.9%, the biggest growth in the country, according to the data […] The post Residential rents rose or were stable across Scotland in November 2016 appeared first on PropertyWire . Continue reading

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