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Low mortgage rates keeping affordability low for home borrowers in UK

Historically low mortgage rates are the main driver behind a significant improvement in affordability for home borrowers in the UK since 2007, new research shows. Mortgage affordability, that is the proportion of income spent on home loan payments, has remained well below the peak of 2007, according to the study from lender the Halifax, up […] The post Low mortgage rates keeping affordability low for home borrowers in UK appeared first on PropertyWire . Continue reading

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Prices and sales rising in Cyprus as foreign buyers return to the island

The property recovery is underway in Cyprus with the latest figures showing that prices for villas and flats are increasing and sales are also rising. The latest figures from the Royal Institution of Chartered Surveyors (RICS) shows that across Cyprus residential prices for both houses and flats increase by 0.6% and 0.9% respectively in the […] The post Prices and sales rising in Cyprus as foreign buyers return to the island appeared first on PropertyWire . Continue reading

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UK landlords call for March Budget to address concerns over tax change and stamp duty

The UK Government is being urged by landlords to use the upcoming Budget in March to reassess its policy on stamp duty for buy to let properties and mortgage interest relief tax change due to be introduced in April. Alan Ward, chairman of the Residential Landlords Association (RLA) believes that the Budget provides an opportunity […] The post UK landlords call for March Budget to address concerns over tax change and stamp duty appeared first on PropertyWire . Continue reading

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