Average house now costs £292,000 – and could hit £300,000 this year House prices in England and Wales climbed almost £18,000 last year, according to figures from estate agents Reeds Rain and Your Move. The increase of £17,963, or 6.6 per cent, was the “equivalent of £67.86 a day or £9.17 an hour earned by […]
OTTAWA — The new Liberal government on Friday confirmed it is tightening lending rules for residential mortgages, setting a minimum down payment of 10 per cent on the portion of home prices over $500,000. Finance Minister Bill Morneau said homes purchased below the new price ceiling will remain at five per cent. The changes […]
The average cost of a property in London rose above £500,000 for the first time in October. Land Registry figures showed that the cost of homes in England and Wales rose by 5.6% in the year to October, up 0.4% from the previous month. London saw the biggest rise in the last 12 months, with […]
T he housing market isn’t crashing, but it is cooling, which could force the Reserve Bank of Australia to cut interest rates again, Citi economists say. Stretched valuations that have fuelled speculation of an impending crash had been driven by under supply in the market, which peaked at 49,000 dwellings in 2013-14, versus the RBA’s […]
Rising house prices and increasing consumer confidence had driven mortgage lending to a seven-year high, causing a new dilemma for policymakers. Banks handed out more money through loans and overdrafts in October than they had in almost a decade, The Times reports. The governor of the Bank of England Mark Carney recently sounded a warning […]
During the 22nd Kenya Homes Expo held at the Kenyatta International Convention Centre (KICC) in Nairobi last month, a strange feeling clouded the atmosphere. There was something missing from this year’s expo in comparison with the last 5 years. For the first time since the Real Estate Market started its amazing course, producing millions of […]
Higher prices and tighter inventory are straining the recovering housing market. Sales of existing homes ran at a seasonally adjusted annual rate of 5.36 million in October, the National Association of Realtors said Monday. That was down 3.4% from 5.55 million in September, a level which marked the second-best in eight years. Sales were 3.9% […]
Warm temperatures and low interest rates are factors real estate industry experts say contributed to the continued strong housing market through October in Wisconsin. Both existing home sales and the median sale price were higher last month than in October 2014, according to the most recent assessment of the housing market by the Wisconsin Realtors Association (WRA). […]
House prices rose by 6.1% in the year to September 2015, according to the Office for National Statistics (ONS), with the average house price in the UK now £286,000. The ONS figures show that prices rose fastest in the east of England (8.4%) and the south-east (7.4%). However, the increase is still lower than the […]
House prices have risen by 6.1 per cent in the past year – with the average cost of a home in London inching beyond the half-million mark to £531,000. The increase recorded in the year to September marked an acceleration, after a rise of 5.5 per cent rise in the year to August, according to […]
