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Homes sales down in the US due to falling supply and affordability

Existing home sales in the United States fell 2.8% year on year in December but the nation saw its best year in a decade for residential real estate, the latest index data shows. Ongoing affordability tensions and historically low supply levels contributed to the fall in sales at the end of 2016 but at 5.45 […] The post Homes sales down in the US due to falling supply and affordability appeared first on PropertyWire . Continue reading

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Brexit creates opportunity for UK property investment says industry organisation

The property industry in the UK is being urged to look at and act upon the opportunities that could open up as a result of Brexit rather than focusing on the negatives. According to the Property Industry Alliance (PIA), which brings together leading representative bodies from the UK’s commercial property industry, the Government also needs […] The post Brexit creates opportunity for UK property investment says industry organisation appeared first on PropertyWire . Continue reading

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Average house price in England could reach close to £1 million by 2037

Residential property prices in England could average over £300,000 in the next decade if they rise as much as they have in the last 10 years, new research shows. In London they would rise to over £800,000 and in the South East of England the average would be over £445,000, according to the study from […] The post Average house price in England could reach close to £1 million by 2037 appeared first on PropertyWire . Continue reading

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