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Property News

Location American Property News for 29 June 2016
The U.K.'s housing market is seen taking a knock in the wake of the Brexit vote, but the forecast depreciation in sterling may spur investment.
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Chinese Buyers Look Again at U.K. Property

Wall Street Journal - 29 Jun 2016 05:30
As turmoil continues to grip U.K. markets, some in China are beginning to eye British property for potential bargains.
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The hit to UK real estate sentiment that many experts predict will be sparked by the vote to leave the European Union may be limited by easier monetary policy, it is claimed. While uncertainty in the run up to the refere...
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The final push of the spring housing season turned out weaker than expected. Contracts to buy existing homes fell 3.7 percent in May.
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Residential property prices in the UK edged upwards by just 0.2% in May in the run up to the historic vote on the future of the country in the European Union, according to the latest index. This meant that annual price g...
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Uncertainty created by the UK’s decision to leave the European Union has triggered demand for property to fall to the lowest level seen in three years, according to a new report. The number of house sales agreed in May...
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Last month was the best May for remortgaging since 2008 but uncertainty and volatility are now expected following the decision by the UK to leave the European Union. Remortgaging reached £5 billion in May and the number...
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Before the British vote, total U.S. mortgage application volume decreased 2.6 percent last week.
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GIC in Talks to Buy Owner of Manufactured-Home Communities

Wall Street Journal - 29 Jun 2016 06:02
Singapore sovereign-wealth fund GIC is negotiating to acquire Denver-based Yes Communities, an owner of manufactured-housing communities, in a deal valuing Yes at more than $2 billion.
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