Income

Equity release becoming more mainstream for home owners in UK

A record breaking year for equity release in the UK in 2016 saw lifetime mortgages become the fastest growing product in terms of customer numbers, according to the data. The volume of lifetime mortgage customers grew by 22% in 2016 with a total of 27,534 new plans agreed, the figures from the spring 2017 equity […] The post Equity release becoming more mainstream for home owners in UK appeared first on PropertyWire . Continue reading

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Home buyers in England and Wales pay 7.6 times earnings for a home

On average people paid around 7.6 times their annual earnings on buying a home in England and Wales in 2016, up from 3.6 times earnings in 1997, the latest data shows. The median price paid for residential property in England and Wales increased by 259% between 1997 and 2016 while median individual annual earnings increased […] The post Home buyers in England and Wales pay 7.6 times earnings for a home appeared first on PropertyWire . Continue reading

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San Francisco and London most expensive cities to rent a home

San Francisco, London, Hong Kong and Tokyo are the most expensive cities in the world to rent a one bedroom apartment, according to new research. Average rental prices account 47% of average salaries in San Francisco, 45% in London, 44% in Hong Kong and 42% in Tokyo, according to the rankings of 20 top cities […] The post San Francisco and London most expensive cities to rent a home appeared first on PropertyWire . Continue reading

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