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Latest index shows 24% of housing markets in US counties are less affordable
A quarter of county housing markets in the United States were less affordable than their historic averages in the third quarter of 2016, up from 22% in the previous quarter, the latest data shows. This was also an increase of 19% year on year and the highest since the third quarter of 2009 when 47% […] The post Latest index shows 24% of housing markets in US counties are less affordable appeared first on PropertyWire . Continue reading →
Interest only mortgage loans in UK could be facing multi billion pound shortfall
Home owners in the UK are facing a £6.1 billion mortgage repayment shortfall in the next decade with 27% of those with interest only loans not able to pay it back, new research suggests. More than a million interest-only mortgages will mature over the next 10 years but more than a quarter of households won’t […] The post Interest only mortgage loans in UK could be facing multi billion pound shortfall appeared first on PropertyWire . Continue reading →
Property firm launches dedicated office at London Nine Elms regeneration site
Property firm JLL is expanding its residential agency business and announced a new office in the heart of London’s regeneration area at Nine Elms. It says that contrary to recent reporting, JLL’s research shows that average new build values and sales rates have remained robust, nearly doubling since the first residential scheme Riverlight was launched […] The post Property firm launches dedicated office at London Nine Elms regeneration site appeared first on PropertyWire . Continue reading →