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Sales plummet in Vancouver, Canada, after foreign buyers tax was introduced

A new tax for foreigners buying property in Vancouver in Canada has resulted in sales plummeting and prices are also heading down. However the British Columbia Government has announced that foreign buyers with work permits who live and work in the state will no longer need to pay the 15% extra tax introduced last year. […] The post Sales plummet in Vancouver, Canada, after foreign buyers tax was introduced appeared first on PropertyWire . Continue reading

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Prices and sales rising in Cyprus as foreign buyers return to the island

The property recovery is underway in Cyprus with the latest figures showing that prices for villas and flats are increasing and sales are also rising. The latest figures from the Royal Institution of Chartered Surveyors (RICS) shows that across Cyprus residential prices for both houses and flats increase by 0.6% and 0.9% respectively in the […] The post Prices and sales rising in Cyprus as foreign buyers return to the island appeared first on PropertyWire . Continue reading

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Pending home sales in the US picked up at the end of 2016, latest index shows

Pending home sales in the United States picked up at the end of 2016 with solid increases in the South and West offset weakening activity in the Northeast and Midwest, the latest index data shows. The Pending Home Sales Index from the National Association of Realtors, a forward looking indicator based on contract signings, increased […] The post Pending home sales in the US picked up at the end of 2016, latest index shows appeared first on PropertyWire . Continue reading

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