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Home repossessions and arrears in UK fell in 2016, latest data shows

The number of properties in the UK repossessed last year fell by almost 25% with the housing market experiencing a clear downward trend in arrears. The new data from the Council of Mortgage Lenders (CML) shows that last year’s total of 7,700 cases of possession compared with 10,200 in 2015, and was the lowest number […] The post Home repossessions and arrears in UK fell in 2016, latest data shows appeared first on PropertyWire . Continue reading

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Number of homes worth a million dollars or more soars in Australia

There was a time in which having a home in Australia worth $1 million or more meant that the property was exclusive and rare but now the number of areas with properties in this price bracket have soared. The latest data shows that in the five years to the end of December 2016 the numbers […] The post Number of homes worth a million dollars or more soars in Australia appeared first on PropertyWire . Continue reading

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UK Government pledges to build more homes more quickly to buy and rent

New measures to reduce the obstacles to new house building and improve affordability for buyers and tenants have been announced by the UK Government in a much awaited Housing White Paper. The report reveals that more than a third of new homes that were granted planning permission between 2010/2011 and 2015/2016 have yet to be […] The post UK Government pledges to build more homes more quickly to buy and rent appeared first on PropertyWire . Continue reading

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