Property News
Millennials may not be buying homes, but more are selling them
CNBC - 20 May 2016 20:32
The housing crisis thinned the ranks of Realtors, but a new guard is signing up -- younger folks.
Home prices in Canada see biggest year on year gain since 2010
Property Wire - 20 May 2016 16:40
National home sales in Canada increased by 3.1% from March to April and prices were up 13.1% year on year, the biggest gain since May 2010, the latest index shows. The data from the Canadian Real Estate Association (CREA...
Mortgage lending in UK fell in April, but no surprise due to March buy let boost
Property Wire - 20 May 2016 15:04
Gross mortgage lending in the UK reached £18.5 billion in April, some 29% lower than March’s lending total of £26.2 billion, but 16% higher than the £16 billion lent in April last year. CML economist Mohammad Jamei ...
Property slowdown a myth for majority of London, new research shows
Property Wire - 20 May 2016 11:51
Price growth at the top end of the London residential property market has slowed but the majority of the city is seeing real estate values grow. Across most of the city property prices are up 8.2% year on year but for th...
Lenders in UK praised for work on responsible lending requirements
Property Wire - 20 May 2016 09:09
Lenders in the UK positively applied the responsible lending requirements which came into force as part of the Mortgage Market Review (MMR) introduced in April 2014, a new report concludes. But there is scope for improvi...
In Midtown, a Changing of the Seasons
Wall Street Journal - 20 May 2016 03:33
The Four Seasons is preparing to end its half-century run in Manhattan's Seagram Building by mid-July, but its co-owners aren't done with the restaurant business just yet.
Port Authority to Pay $12.3 Million to World Trade Center Contractor
Wall Street Journal - 20 May 2016 01:17
The Port Authority of New York and New Jersey has reached a deal to end an $87 million payment dispute with a Canadian construction firm that helped build One World Trade Center.