Australasia

New home sales slow in Australia but renovation market set to take off

New home sales in Australia are slowing down with the latest figures showing that transactions for detached houses increased in just two states. Overall there was little movement in the market, up just 0.2% in February with approvals for new homes downy by 2.2%, according to the Housing Industry Association (HIA). The figures come at […] The post New home sales slow in Australia but renovation market set to take off appeared first on PropertyWire . Continue reading

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March dip in UK house prices seen as a blip and not a trend

House price growth in the UK slowed in March with the latest index figures showing that values fell by 0.3% and annual growth was down to 3.5% taking the average price to £207,308. The data from lender the Nationwide also shows that there has been some convergence in terms of regional price growth with the […] The post March dip in UK house prices seen as a blip and not a trend appeared first on PropertyWire . Continue reading

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Weakening affordability and lack of supply sees home sales fall in the US

After starting the year at the fastest pace in almost a decade, existing home sales in the United States fell in February but remained above year ago levels both nationally and in all major regions. Total existing home sales fell by 3.7% to a seasonally adjusted annual rate of 5.48 million in February from 5.69 […] The post Weakening affordability and lack of supply sees home sales fall in the US appeared first on PropertyWire . Continue reading

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