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607 Current News Articles Found - Page 1 of 41
Over 2000 archived News releases and Industry articles.

Cost of land to build prime homes in Asia still rising
Fri, 26 Aug 2016 13:35:59 +0100

Prices of residential sites in Asia increased by 1.9% in the first half of 2016, down from 2.8% in the preceding six months, put office land increased from 1.9% to 2.2%.Overall development land investment volumes in Asia matched the level registered in the corresponding period last year, according to the Prime Asia Development Land Index from international real estate firm Knight Frank.As compared to the preceding six months, however, they were 40.4% lower and the index report explains that lan...

Posted By : PropertyWire
Manchester becomes key focus for commercial property investment
Fri, 26 Aug 2016 07:44:33 +0100

Office transactions in the UK’s third largest city increased by 8% in the first half of 2016 compared to the same period last year with Manchester becoming a key focus for commercial property investors.Transaction volumes in Manchester’s office investment market totalled £304 million in the first six months of the year, some 3% higher than the five year first half average of £295 million, according to international real estate advisor Savills.The firm’s latest Manc...

Posted By : PropertyWire
Gross mortgage lending slows in UK post Brexit
Fri, 26 Aug 2016 08:40:20 +0100

Gross mortgage lending in the UK held steady in July and was an estimated £21.4 billion, similar to June but 1% lower than July last year.The data from the Council of Mortgage Lenders (CML) is the first full month since the country voted to leave the European Union and it is too soon to see how much of an impact Brexit is having.CML chief economist Bob Pannell explained that the subdued nature of property transactions and mortgage lending in July are consistent with a less positive backdr...

Posted By : PropertyWire
Research reveals extent of incorrect property listings in UK
Fri, 26 Aug 2016 10:16:36 +0100

When buying a home prospective sellers expect the details to be listed correctly but new research has found that 48% of houses in sale across the UK contain rooms that are listed incorrectly.The analysis of estate agent data also found that 36% of single bedrooms rooms are technically too small to be classed as such for anyone aged over 10 and 17% of double rooms are not big enough to be inhabited by two people.Liverpool has the most errors for single rooms with 69% listed not meeting size requ...

Posted By : PropertyWire
Annual price growth slowing in key cities in UK, index data shows
Fri, 26 Aug 2016 11:10:26 +0100

The annual rate of house growth in key cities in the UK has started to slow after 12 successive months of rising prices, according to the latest index figures to be published.But there is some regional variation and house prices in large regional cities outside southern England continue to grow while those in London have seen a market slowdown, the Hometrack cities index shows.Outside the south house price growth continues to hold steady at 7% to 8% per annum with no sign of an imminent slowdow...

Posted By : PropertyWire
New home building in UK up 6% year on year but below target
Thu, 25 Aug 2016 12:08:21 +0100

The number of newly built homes in the UK has increased 6% in the past year, according to the latest house building data from the government.Some 139,030 new homes were completed in the year to June and have continued to build gradually over the last two years, according to the figures from the Department of Local Government and Communities.The data also shows that more than 144,280 homes were started in the year to June 2016 but the figures are still below the current target of 220,000 that ar...

Posted By : PropertyWire
Low inventory levels in many parts of the US caused home sales to fall in July
Thu, 25 Aug 2016 14:55:17 +0100

Existing home sales in the United States lost momentum in July and decreased year on year for the first time since November 2015 with a fall of 3.2%, the latest index data shows.Total existing home sales fell to a seasonally adjusted annual rate of 5.39 million in July from 5.57 million in June and are now 1.6% below a year, only the second time in the last 21 months this has happened.The data from the National Association of Realtors (NAR) also shows that the median existing home price for al...

Posted By : PropertyWire
UK is running out of bricks to build new homes
Thu, 25 Aug 2016 07:16:32 +0100

A shortage of bricks is a contributing factor in rising house prices in the UK over the past decade with new research suggesting 1.4 billion are needed to meet demand.With demand for new homes growing it means that the number of bricks, the most used traditional building material in the UK, cannot keep up with development, according to research from the National Association of Estate Agents (NAEA) and the Centre for Economics and Business Research (Cebr).The UK’s construction sector would...

Posted By : PropertyWire
UK rents up 2.4% in 12 months to July 2016, latest index shows
Thu, 25 Aug 2016 08:49:40 +0100

Rents in the UK’s private rental sector increased by 2.4% in the 12 months to July 2016, unchanged compared with the year to June 2016, according to the latest index data.The figures from the Office of National Statistics (ONS) shows that rental prices grew by 2.6% in England, 0.2% in Scotland and were unchanged in Wales.Rental prices increased in all the English regions over the year to July 2016, with rental prices increasing the most in the South East at 3.5%, up from 3.4% in June 2016...

Posted By : PropertyWire
First time buyers keep UK mortgage lending going in second quarter 2016
Thu, 25 Aug 2016 09:59:34 +0100

Home buyers in London borrowed £5.5 billion in the second quarter of 2016, down 23% compared to the previous quarter and down 3% year on year, the latest data shows.It was first time buyers who kept the market going in London, borrowing 10% more while those remortgaging borrowed less, the figures from the Council of Mortgage Lenders (CML) shows. They also increased in Scotland and Wales.Overall borrower took out 17,500 loans, down 17% on the previous quarter and 8% compared to the second ...

Posted By : PropertyWire
Property prices in Scotland down slightly in run up to Brexit, but up 4% year on year
Wed, 24 Aug 2016 12:33:08 +0100

Residential property prices in Scotland increased by 4% year on year in June but fell by 0.4% month on month, according to the latest data to be published.Overall prices flattened slightly in the run up to the European Union referendum with the first monthly decline since February but it was still the largest annual growth rate since May 2015, says the Your Move Acadata index.While monthly house prices were down compared to May, the average price of property was £170,404 in June, still 0....

Posted By : PropertyWire
More homes selling in Australia for over $1 million
Wed, 24 Aug 2016 15:46:44 +0100

Fewer lower prices houses are being sold in Australia with the residential property market seeing more the number of $1 million plus home sales soaring.Over the 12 months to June 2016 some 14% of all house sales and 7.3% of all unit sales were at a price of at least $1 million, according to the data from real estate firm Corelogic.To put these figures into perspective, just five years ago 7.5% of all house sales and 4% of all unit sales were within this price range.Capital cities have predictab...

Posted By : PropertyWire
UK first time buyers deposit saving scheme criticised
Wed, 24 Aug 2016 07:24:21 +0100

Concerns have been raised about the UK’s Help to Buy Isa which is aimed at first time buyers saving towards a deposit for their first home.When the scheme was announced last year by then Chancellor George Osborne it was assumed that young people would receive the extra money put in by the Government towards the purchase of a home as part of their deposit.With the average deposit on a first home around £15,000 the Chancellor announced that if first time buyers saved £12,000 the...

Posted By : PropertyWire
Improved rail links to London boost prime property prices in commuter towns
Wed, 24 Aug 2016 10:06:18 +0100

Prime property prices in key UK locations where train services make them commuter zones for London have seen prices rise in the second quarter of 2016, according to the latest index data.In Bristol, where commuters are within reach of London’s Paddington station, prime property prices have increased by 7.4% in the year to June 2016 with the second quarter of the year seeing a 17% rise in new buyer registration and a 19% rise in viewings.In nearby Cheltenham prime property prices increased...

Posted By : PropertyWire
Brexit uncertainty created pause in UK home borrowing in July
Wed, 24 Aug 2016 10:39:31 +0100

The UK’s mortgage sector was hit in July as a result of the European Union referendum with both the number and value of house purchase approvals falling month on month and year on year.The BBA figures show that house purchase approval numbers were 19% lower than in July 2015, though in the first seven months of 2016 they were some 2% higher than in the same period of 2015.The data also shows that remortgaging approvals were 6% higher than in July 2015 and in the first seven months of 2016...

Posted By : PropertyWire
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