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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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Housing stock value in UK passes £5 trillion for the first time

The total value of all homes in the UK rose to a record £6.79 trillion last year with the South East outperforming London, new research shows. Overall growth of £491 billion underscored housing’s status as the UK’s greatest store of wealth, according to latest analysis from international real estate adviser Savills. It means that privately […] The post Housing stock value in UK passes £5 trillion for the first time appeared first on PropertyWire . Continue reading

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Tax changes named as top concern for British landlords in 2017

Changes to tax relief on mortgage interest payments is the top concern for buy to let landlords in the UK and they would also like to see other taxes cut. The change to tax relief is due to come into force in April but landlords are still hoping that the Government will do a U-turn […] The post Tax changes named as top concern for British landlords in 2017 appeared first on PropertyWire . Continue reading

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