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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 →
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 →
Prime London property lettings market showing signs of improvement
Some areas of the prime property lettings market in London are seeing an upturn with locations outside of the central part of the city most likely to see a rebound, according to new research. Suburban locations are currently underpinned by a strong local market and those with improving transport links saw the biggest rent rises […] The post Prime London property lettings market showing signs of improvement appeared first on PropertyWire . Continue reading →