In an attempt to cool escalating house prices, the British Colombia Government approved a new tax for foreign buyers yesterday.
It has been four weeks since the UK voted to leave the EU - but it will be another week before we have a full months’ housing data.
Households across the UK perceive that the value of their home fell in July, according to the latest House Price Sentiment Index (HPSI) from Knight Frank and IHS Markit.
According to the Land Registry, residential sales in June edged up 0.7% month on month, reaching 4,620 units.
Residential sales volume grew further in May, but was up just a mild 2% month on month to 4,586, according to the Land Registry.
Reserve Bank of Australia reduces official cash rate while major lending institutions tighten requirements for foreign purchasers.
For the first time in a year, on 3 May 2016, the Reserve Bank of Australia (RBA) reduced the official cash rate by 25 basis points to 1.75%.
Classic cars were once again the top performing luxury asset on an annual basis, according to the latest figures from the Knight Frank Luxury Investment Index (KFLII).
In light of the new development condo expansion we have seen in recent years, some Pre-War buildings are re-entering the market as Pre-War condo conversions.
Over the last two years one trend among our alpine buyers has become apparent: they are increasingly looking for their alpine property to turn over a steady income to mitigate against annual overheads – property taxes, utility bills and mortgages.