Outlook
Potential buyers and tenants in luxury London property market down since Brexit vote
The number of people seeking to buy a luxury property in London has fallen since the UK voted to leave the European Union, new research suggests, lettings are also down but not as much. The luxury rental market in London has been fairly stable since the Brexit vote, with the percentage of people looking to […] The post Potential buyers and tenants in luxury London property market down since Brexit vote appeared first on PropertyWire . Continue reading →
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 →
Mortgage market in UK could be subdued in 2017 with Brexit and potential rate rise
Gross mortgage lending in the UK reached £20.4 billion in December, down 4% from the previous month but 4% higher year on year, the latest figures show. It brings the estimated total for the year to £246 billion, a 12% increase on 2015’s £220 billion and the highest annual gross lending figure since 2008, according […] The post Mortgage market in UK could be subdued in 2017 with Brexit and potential rate rise appeared first on PropertyWire . Continue reading →