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Home buyers in England and Wales pay 7.6 times earnings for a home

On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading

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Sales and prices up in Canada, latest index data shows

Nationally home sales in Canada increased by 5.2% month on month in February but actual, not seasonally adjusted, activity was down 2.6% from a year earlier, the latest index data shows. Average prices were up 3.5% from January’s gain reflecting an acceleration in home price increases, particularly for single family homes in and around Toronto, […] The post Sales and prices up in Canada, latest index data shows appeared first on PropertyWire . Continue reading

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RICS reveals current construction skills shortage could be made worse by Brexit

The UK construction industry could lose almost 200,000 workers from the European Union If the Brexit negotiations mean that the country loses access to the single market, it is suggested. It would put some of the country’s biggest infrastructure and construction projects under threat, according to new research from the Royal Institution of Chartered Surveyors […] The post RICS reveals current construction skills shortage could be made worse by Brexit appeared first on PropertyWire . Continue reading

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