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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 →

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Demand for rental properties fell to a two year low in the UK in December 2016

Demand for rental properties in the UK fell 19% month on month to a two year low at the end of 2016, the latest figures show. The data from the Association of Residential Letting Agents reveals that in December 2016 there were 26 prospective tenants registered per member branch, the lowest level since records began […] The post Demand for rental properties fell to a two year low in the UK in December 2016 appeared first on PropertyWire . Continue reading →

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New investor demand in UK commercial property market rebounds post Brexit

Despite some concern surrounding potential relocation of companies based in the UK due to Brexit, demand from overseas buyers in the commercial property sector was up notably across all areas of the market in the fourth quarter of 2016. Demand increased for a second straight quarter with the growth in enquiries gaining momentum but expectations […] The post New investor demand in UK commercial property market rebounds post Brexit appeared first on PropertyWire . Continue reading →

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