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Home prices in Canada up over 7% year on year but sales fell sharply in November
The national average price of a home in Canada increased by 7.3% year on year in November but sales are just 1.5% above a year ago after falling by 5.3% month on month. Overall the home price index from the Canadian Real Estate Association (CREA) is up 14.4% year on year and But sales are […] The post Home prices in Canada up over 7% year on year but sales fell sharply in November appeared first on PropertyWire . Continue reading →
Mortgage borrowing fell in UK in October with buy to let sector still weak
Home owners in the UK borrowed £10.5 billion to buy a house in October, down 8% month on month and 11% year on year, according to the latest figures from the Council of Mortgage Lenders. Overall they took out 57,800 loans, down 8% on September and 13% on October 2015, but it is the first […] The post Mortgage borrowing fell in UK in October with buy to let sector still weak appeared first on PropertyWire . Continue reading →
Residential confidence helping to steady the property and construction sector
The property sector in the UK is showing resilience in the face of a tumultuous year, with confidence in the residential sector the strongest, according to new research. Indeed, some 74% of senior executives in the in the property and construction industries surveyed by investment management and tax group Smith & Williamson regard residential property […] The post Residential confidence helping to steady the property and construction sector appeared first on PropertyWire . Continue reading →