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Home repossessions and arrears in UK fell in 2016, latest data shows

The number of properties in the UK repossessed last year fell by almost 25% with the housing market experiencing a clear downward trend in arrears. The new data from the Council of Mortgage Lenders (CML) shows that last year’s total of 7,700 cases of possession compared with 10,200 in 2015, and was the lowest number […] The post Home repossessions and arrears in UK fell in 2016, latest data shows appeared first on PropertyWire . Continue reading

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UK could benefit from US immigration policy as buyers seek safe haven

US President Donald Trump’s controversial immigration policies could lead to property investors from Arab countries looking for safe havens to buy property, it is suggested. Buyers from Middle Eastern and African countries, including those named in Trump’s executive order who might have invested in real estate in the US are now likely to look elsewhere. […] The post UK could benefit from US immigration policy as buyers seek safe haven appeared first on PropertyWire . Continue reading

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Estate and lettings agent organisations launch joint consumer protection arm

The Association of Residential Letting Agents (ARLA) and the National Association of Estate Agents (NAEA) in the UK have launched a new Propertymark organisation to cover the sales and lettings markets. They announced that they are altering their emphasis from industry facing licensing to consumer protection with the launch of Propertymark which aims to speak […] The post Estate and lettings agent organisations launch joint consumer protection arm appeared first on PropertyWire . Continue reading

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