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Housing market speeds towards ‘crisis point’ as average price rises £10,000 in a year

House prices in the UK increased by £10,000 in the last year on average, according to official figures, with estate agents warning that affordability of houses is reaching “crisis point”. The average property price in June was £223,257, compared to £214,000 in June 2016, the Office for National Statistics said. On a month-by-month basis, house […]

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Property market eases as buyers take breather

Housing prices in Sydney and Melbourne rebounded more than 2 per cent in June but fell or were flat over the quarter as the cities’ five-year bull market slowly runs out of steam. In other capital cities, housing prices were patchy with the ­exception of the long-depressed Perth market where values rose 1.3 per cent […]

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Estate agents say election is chilling UK housing market

The UK’s snap general election has chilled the housing market, according to a survey of estate agents and surveyors. House sales fell in May for the second month running, according to a monthly survey by the Royal Institute for Chartered Surveyors, and 8 per cent more respondents reported falling rather than rising sales. Many of the […]

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British Land shows recovery in property values

The value of British Land’s portfolio has recovered after slumping last year, indicating that confidence is beginning to return to the UK property market. The property company, which is the second largest in the UK, said its net asset value per share, the preferred measure of performance used by property companies, had dipped 0.4pc to […]

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The darkening shadows over the UK commercial property market

Big commercial property groups seem to be getting cagey about prospects for the UK property market. Some of that’s overblown worry due to Brexit. But there are also some more substantive concerns that are definitely worth paying attention to. Meanwhile, even as the professionals get jittery, local councils are piling into the property market like […]

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Tight supply, higher prices weigh on U.S. home sales

U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month after hitting […]

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What’s hot in Dubai’s housing sales market?

A look into the sales performance of off-plan and completed properties The Dubai Land Department (DLD) recently announced that the value of real estate transactions in the first 45 days of the year hit Dh42 billion, nearly half of last year’s Dh91 billion. An interesting feature of recent residential transactions has been the increasing number […]