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Property prices bottoming out in Dubai but rents still falling
Prices of property in Dubai were largely unchanged over the fourth quarter of 2016 with the market likely to be driven by owner occupiers and long term investors, according to the latest analysis report. Meanwhile, an increase in supply is likely to put downward pressure on rents in the emirate with rentals for both apartments […] The post Property prices bottoming out in Dubai but rents still falling appeared first on PropertyWire . Continue reading →
Gross mortgage lending down in UK in first month of 2017
Gross mortgage lending in the UK reached £18.9 billion in January, some 6% lower than December’s lending total of £20 billion, but 2% higher than a year ago. The latest data from the Council of Mortgage Lenders (CML) suggests that overall the mortgage market is holding up but according to senior economist Mohammed Jamei there […] The post Gross mortgage lending down in UK in first month of 2017 appeared first on PropertyWire . Continue reading →
US existing home sales began 2017 strongly, index figures show
Existing home sales in the United States began the year strongly, increasing to their fastest pace in January for almost a decade, the latest index shows. Prices increased by 7.1% in the 12 months to January 2017 to a median of $228,900, the fastest price rise since January 2016 and it was the 59th month […] The post US existing home sales began 2017 strongly, index figures show appeared first on PropertyWire . Continue reading →