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Rate rises not affecting Hong Kong property market with prices set to rise 5% this year
The residential property market in Hong Kong looks set to overcome recent rate rises in the short term, a new analysis suggests, with prices set to rise by 5% in 2017. The final two months of 2016 saw an increase in the Hong Kong Monetary Authority’s base rate to 1% and the introduction of a […] The post Rate rises not affecting Hong Kong property market with prices set to rise 5% this year appeared first on PropertyWire . Continue reading →
Home prices up year on year in Canada but sales down by 5% in December 2016
The national average price of a home in Canada increased by 3.5% in December year on year but sales were down by 5%, the latest index data shows. However, month on month sales increased by 2.2% although the modest rebound recovered less than half of the drop in activity from October to November which was […] The post Home prices up year on year in Canada but sales down by 5% in December 2016 appeared first on PropertyWire . Continue reading →
Rents in UK up 3% year on year but some regions falling on quarterly basis
Asking rents in the UK increased by 3% annually outside London in 2016 with the highest growth recorded in northern regions, the latest index shows. However, rents in London fell 4.4% with inner London seeing the biggest decline in the fourth quarter of 2016, according to the data from real estate portal Rightmove. In 2017 […] The post Rents in UK up 3% year on year but some regions falling on quarterly basis appeared first on PropertyWire . Continue reading →