Property News
Low inventory levels in many parts of the US caused home sales to fall in July
Property Wire - 25 Aug 2016 15:55
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 seaso...
New home building in UK up 6% year on year but below target
Property Wire - 25 Aug 2016 13:08
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 t...
First time buyers keep UK mortgage lending going in second quarter 2016
Property Wire - 25 Aug 2016 10:59
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...
UK is running out of bricks to build new homes
Property Wire - 25 Aug 2016 08:16
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 ...