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Property News

Location American Property News for 12 January 2016

Housing Regulator Closes Loan Loophole Used by REITs

Wall Street Journal - 12 Jan 2016 23:17
A top federal housing regulator shut the door on mortgage investors who had been using a loophole to access low-cost, government-backed financing.
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225 Beacon Street was once home to the "Father of American Tennis."
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Hotelier Turns Over a New Leaf With SoHo Project

Wall Street Journal - 12 Jan 2016 19:21
Property developer Aby Rosen has a reputation for ruffling feathers when competing in rough-and-tumble New York City real-estate circles. But with his latest project in SoHo, he is playing nice this time.
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Buy to let remortgage transactions outstripped purchases by more than two to one in 2015 but this could be reversed in 2016, according to the latest industry sector index report. Remortgages for vanilla buy to let proper...
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Average annual rent growth across the UK, excluding London, was 4.9% for new tenancies signed during the final three months of 2015 than in same period of 2014, the latest index data shows. It means that the average mont...
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The average asking price England and Wales has increased by 8.2% year on year while the total stock of property had dropped to a new record low, according to the latest residential index. Month on month prices increased ...
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London needs to build some 50,000 new homes a year over the next 20 years and some of this requirement can be accommodated by increasing the density of existing places, including local authority housing estates, it is su...
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