Real Estate

Home approvals in Australia bounced back towards end of 2016

Approvals for new homes in Australia bounced back towards the end of last year and are expected to remain positive in 2017. They increased by 7% in November compared to the previous month, according to the figures published by the Australian Bureau of Statistics. But more apartments than houses are being built. Apartment approvals increased […] The post Home approvals in Australia bounced back towards end of 2016 appeared first on PropertyWire . Continue reading

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Rental growth in UK slowed in second half of 2016

Residential rent growth in the UK slowed considerably in the second half of 2016 and ended the year with annual growth of 1.7%, down from the 3.8% recorded in December 2015, the latest index shows. Landlords agreeing new tenancies during December achieved more modest increases in rent than in previous months, with the annual rate […] The post Rental growth in UK slowed in second half of 2016 appeared first on PropertyWire . Continue reading

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Apartment rents fell across most of Dubai in 2016 and set for further decline in 2017

Rents for apartments in Dubai fell in most sectors during 2016 but some locations saw lease values rise, according to data from the official index published annually by the land department. The data from the Dubai Land Department shows that rents for two bedroom apartments, one of the most popular types of rental properties, fell […] The post Apartment rents fell across most of Dubai in 2016 and set for further decline in 2017 appeared first on PropertyWire . Continue reading

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