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CML publishes more pessimistic outlook for home lending in UK in 2017
The Council of Mortgage Lenders, which represents the vast majority of home lenders in the UK, has revised its forecast for 2017 downwards from previous expectations of a year ago. It say that the change reflects economic uncertainties as well as new tax burdens and regulatory changes in the housing and mortgage markets but it […] The post CML publishes more pessimistic outlook for home lending in UK in 2017 appeared first on PropertyWire . Continue reading →
Residential rents up by almost 4% in England and Wales year on year
Rents increased in England and Wales by 3.9% in the 12 months to November 2016 taking the average rent to £830 a month, the latest index data shows. London remained the most expensive place to rent a property with rents reached a new high of £1,295 per month, according to the Your Move index. But […] The post Residential rents up by almost 4% in England and Wales year on year appeared first on PropertyWire . Continue reading →
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 →