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Prices recover in first month of the year in Auckland
For the first time in 14 years average and median home prices in Auckland, New Zealand, did not fall at the beginning of a year. The latest data shows that prices paid in January were marginally higher than those paid in December 2016 and did not experience the usual New Year seasonal dip. However the […] The post Prices recover in first month of the year in Auckland appeared first on PropertyWire . Continue reading →
Last year saw second highest number of new homes in UK in almost a decade
More than 150,000 new homes were registered by warranty and insurance provider for new builds, the NHBC, in 2016, the second highest in almost a decade. The figures show that a total of 151,687 new homes were registered but this was a slight fall of 2% compared to 2015 when 155,504 new homes were registered. […] The post Last year saw second highest number of new homes in UK in almost a decade appeared first on PropertyWire . Continue reading →
Low mortgage rates keeping affordability low for home borrowers in UK
Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading →