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Prime rental market in key global cities showing signs of recovery

Prime rents across the 17 key cities around the world fell marginally by just 0.4% in 2016 suggesting that the sector is seeing a recovery. Some 10 of the cities recorded rental growth over the course of the year, up from seven in 2015, according to the data from the Knight Frank’s prime global rental […] The post Prime rental market in key global cities showing signs of recovery appeared first on PropertyWire . Continue reading

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Sydney and Melbourne lead property price growth in Australia, official figures show

Residential property prices in Australia increased by 4.1% in the final quarter of 2016, the strongest quarterly growth recorded since June 2015, according to latest official figures to be published. Melbourne recorded the largest increased through the year of all capital cities with a rise of 10.8% followed closely by Sydney with a rise of […] The post Sydney and Melbourne lead property price growth in Australia, official figures show appeared first on PropertyWire . Continue reading

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Gap between London house prices and rest of England and Wales widens

The gap in average house prices between London and the rest of England and Wales has significantly widened over the past 20 years, new research shows. Overall the research from Lloyds Bank shows that London house prices are now nearly 12 times average earnings and the private housing stock in London is worth £1.27 trillion, […] The post Gap between London house prices and rest of England and Wales widens appeared first on PropertyWire . Continue reading

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