By the end of last year when the Federal Reserve decided to raise the record low key interest rates for the first time in a long time, most of the future homebuyers thought that cheaper mortgage rates will soon become a distant dream. But, surprisingly that has not been the case.
A data released on Tuesday revealed that home sales prices in the United States moved up 5.3 percent in November which indicates a growth streak which the economists warned is posing a threat to affordability, mostly in the coastal markets.
The hot home sales market results from a solid hiring spree, shortage of houses in the market as well as low mortgage rates.
The S&P/Case-Shiller U. S. National Home Price Index revealed that, in November home sales prices climbed 5.3 percent at a seasonally adjusted rate on a year on year basis.
Hyatt Hotels Corporation, the American hotel chain with properties globally said that its customer payment system was hit by a malware last year in December. Now the company said that the properties include locations in India too.
A list of affected hotels have been released by the hotel chain that were victims of the malware attack and twenty of the names are Hyatt's Indian hotels which is ninety percent of its Indian portfolio.
London has one of the costliest property markets in the world and its cheapest flat could come for something more than £75,000.
Advertised on Zoopla, the British property website covering the residential property market, the cheapest flat of London comes for that price. The studio apartment is a significant 84sq foot property and is being offered in the market.
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