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Median house prices rise across New Zealand but sales are down

Median house prices have risen again in New Zealand with some regions reaching record highs but sales were down or flat, the latest index data shows. Year on year median prices were up 11% in December 2016 to $516,000, just $4,000 below the record high set the previous month, according to the figures from the […] The post Median house prices rise across New Zealand but sales are down appeared first on PropertyWire . Continue reading

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Last year saw more first time buyers in UK but they are older and pay more

The number of first time buyers in the UK is estimated to have reached 335,750 in 2016, up 7.3% and the third year in a row of growth, according to a new report. It means that those getting on the housing ladder for the first time have reached their highest level since the start of […] The post Last year saw more first time buyers in UK but they are older and pay more appeared first on PropertyWire . Continue reading

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Residential market in Dubai close to bottom and likely to stagnate in 2017

Lower oil prices and currency changes affecting expats have affected Dubai’s residential real estate market with prices and rents still down in the fourth quarter of 2016 but now close to bottom. But the decline in the market is slowing and property experts believe that rents and prices will be more stable in the first […] The post Residential market in Dubai close to bottom and likely to stagnate in 2017 appeared first on PropertyWire . Continue reading

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