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UK home owners embraced remortgages in 2016 due to record low rates
The value of remortgaging in the UK increased by 21% year on year in 2016 reaching £65.7 billion with home owners doing so more often, new research shows. Remortgage enthusiasm was driven by record low rates, anticipation of a rate rise in 2017 and the decision by the UK to leave the European Union, according […] The post UK home owners embraced remortgages in 2016 due to record low rates appeared first on PropertyWire . Continue reading →
Cheapest and most expensive home sales in England and Wales revealed
The latest data from the land registry shows that the cheapest home sold in England and Wales was just £14,000 and the most expensive over £16 million at the end of 2016. Overall the official data shows that some 31,955 sales took place in England and Wales in December 2016. Some 610 were properties in […] The post Cheapest and most expensive home sales in England and Wales revealed appeared first on PropertyWire . Continue reading →
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 →