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Property News

Location American Property News for 22 June 2016

Rising Supply Pressures Urban Rental Boom

Wall Street Journal - 22 Jun 2016 05:35
After a five-year boom in which rents have jumped by about 20% nationwide, some of the nation's biggest cities--New York, San Francisco, Seattle and Boston among them--are beginning to see slower increases.
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U.K. Property Market Braced for Brexit

Wall Street Journal - 22 Jun 2016 05:13
If Britons vote to leave the European Union on Thursday, real-estate prices--from homes to London office towers--are expected to drop, but a weaker pound could spur a buying spree among foreign investors.
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US existing home sales hit 9-year high

CNBC - 22 Jun 2016 16:03
Improving supply increased choice for buyers, suggesting the economy remains on solid footing.
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Another drop in mortgage interest rates sent borrowers back to the bank to refinance home loans.
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Rents in Scotland are at a record high, up 1.3% in May, the fastest month on month growth on record, according to the latest buy to let index. Across Scotland the average rent now stands at £549, led by growth in Edinbu...
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On the eve of the historic referendum in the UK on the future of the country in the European Union research shows that letting agents do not anticipate a major shift in the rental market. Whatever the outcome of the vote...
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Asking prices in England and Wales have reached a record high despite the looming vote on the future of the UK in the European Union, the latest index report shows. Housing market momentum continues to push up the price ...
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REIT Sector Gets Lower Marks on Pay Plans

Wall Street Journal - 22 Jun 2016 05:14
The real-estate investment trust industry, which has gotten high marks in recent years for adopting compensation programs that investors like, has suffered a bit of slippage in 2016.
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IKEA Plans Upgrades, Expansion in Russia

Wall Street Journal - 22 Jun 2016 04:57
IKEA Centers Russia plans to invest about $2.1 billion to redevelop its portfolio of 14 properties in the country anchored by the namesake furniture retailer.
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