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Monday, June 23
Property Investors Unfazed By the Credit Crunch & Still Buying Property Abroad
by
bewarethesharks
on Mon 23 Jun 2008 09:15 BST
Experienced investors aren’t fazed by the credit crunch and still intend to buy property, especially in foreign markets, the Jet-to-Let Magazine Annual Conference survey has revealed. The Jet-to-Let Magazine 2008 Annual Conference recently took place at The Hilton Metropole in Sunday, June 8
Banks are only as safe as houses
by
bewarethesharks
on Sun 08 Jun 2008 16:49 BST
As mortgage lenders struggle to shore up their balance sheets, a new crisis may be on the way from the buy-to-let market House prices are already falling by more than 25 per cent a year. That is the figure the experts at M&G have come up with by extrapolating the ... more » Thursday, June 5
Abbey increases mortgage rates and Egg quits mortgage business
by
bewarethesharks
on Thu 05 Jun 2008 14:44 BST
Wednesday, June 4
Bank of England unlikely to cut interest rate, despite pleas
by
bewarethesharks
on Wed 04 Jun 2008 17:43 BST
Homeowners face further worry today as the Bank of England is set to resist calls for a cut in interest rates, despite a fall in house prices and mounting evidence of a sharp slowdown in the economy. The Bank is expected to decide that rising inflation means that it must ... more » Tuesday, June 3
Mortgages: Nationwide raises rates
by
bewarethesharks
on Tue 03 Jun 2008 16:39 BST
Nationwide building society announced today it was increasing the cost of its fixed-rate mortgages by up to 0.3%. The changes, which come into force tomorrow, wipe out some of the rate reductions made by the lender last month. The group is increasing the rate of its best two-year fixed-rate mortgage ... more » Sunday, June 1
Negative equity hits 250,000 - and there is worse to come
by
bewarethesharks
on Sun 01 Jun 2008 17:11 BST
After months of gloomy forecasts, analysts have finally confirmed the news that homeowners had been dreading for months: that large numbers of British householders have slipped into negative equity. According to the investment bank Citigroup, a quarter of a million of them now owe more than their properties are worth ... more » Saturday, May 31
Credit crunch sees global property prices tumbling
by
bewarethesharks
on Sat 31 May 2008 18:08 BST
From The world's three biggest financial powerhouses, the US, Japan and Germany, have all experienced negative or zero growth in ... more » Friday, May 30
Negative equity fears soar after record slump in house prices
by
bewarethesharks
on Fri 30 May 2008 19:05 BST
Thousands of homeowners were plunged into negative equity this month as house prices slumped by £5,000. The cost of an average home fell by 2.5 per cent during May, the biggest monthly decline since records began in 1991, figures from the Nationwide Building Society show. House prices have fallen by ... more » Thursday, May 29
America's house prices are falling even faster than during the Great Depression
by
bewarethesharks
on Thu 29 May 2008 18:47 BST
AS HOUSE prices in Wednesday, May 28
House prices suffer record annual fall
by
bewarethesharks
on Wed 28 May 2008 18:44 BST
The gloom enveloping the The S&P/Case Shiller national house price index fell 14.1 per cent in the first quarter of this year, compared with the same period a year earlier, ... more » Tuesday, May 27
US house prices in sharpest fall for 20 years
by
bewarethesharks
on Tue 27 May 2008 19:40 BST
American house prices are collapsing almost five times as quickly as during the last Residential property values fell 14.4 per cent over the first quarter of 2008 compared with the same three months ... more » Monday, May 26
Number of homes on market surges but buyers stay away
by
bewarethesharks
on Mon 26 May 2008 20:38 BST
Pressure on house prices in Prices fell for the eighth month in a row, falling 0.5 per cent during the month after ... more » Sunday, May 25
House prices fall as buyers 'go on strike'
by
bewarethesharks
on Sun 25 May 2008 18:36 BST
House prices falls are accelerating as home buyers "go on strike", according to the latest analysis of the housing market. The average house is now worth 1.9 per cent less than a year ago, a report from Hometrack will say today. This is the largest fall recorded so far by ... more » Saturday, May 24
Why first-time buyers should head overseas
by
bewarethesharks
on Sat 24 May 2008 16:35 BST
Trying to get on the property ladder? It pays to look abroad Bookmark & ShareHaving a property abroad strikes many of us as a great lifestyle opportunity, but a growing number of Thursday, May 22
House prices to fall 7% in '08, warns CML
by
bewarethesharks
on Thu 22 May 2008 17:32 BST
UK house prices are expected to fall around 7% this year and property transactions in England and Wales by some 35%, according to the Council of Mortgage Lenders (CML). It reckons just 770,000 property deals will go through in 2008, having predicted a 14% drop from 1.18m to 1.01m last ... more » Wednesday, May 21
UK buy-to-let market shut to 'short-term' players
by
bewarethesharks
on Wed 21 May 2008 14:30 BST
Specialist mortgage lender Paragon has indicated that the era of making a quick kill on the buy-to-let market is over, as the credit crunch makes the market tougher for speculative landlords. Chief executive Nigel Terrington said: "Short-term players - the type that buy off-plan in city centres - they are ... more » Monday, May 19
Top 10 Property Investment Countries for 2008 Revealed in Jet-to-Let Survey
by
bewarethesharks
on Mon 19 May 2008 09:31 BST
The top 10 countries of most interest to foreign property investors in 2008 have been revealed in a survey conducted by property investment magazine, Jet-to-Let. In order to provide an up-to-date snapshot of investor intentions in 2008, Jet-to-Let magazine surveyed 1000 new readers who recently subscribed to their free quarterly ... more » Thursday, May 15
Bank of England dashes hopes of interest rate cuts amid inflation threat
by
bewarethesharks
on Thu 15 May 2008 09:42 BST
Hopes of early relief for homeowners in the form of lower interest rates were dashed by the Bank of England today as it forecast inflation could reach 4pc in the months to come. Governor Mervyn King effectively signalled an extended period of stagflation, as the high interest rates needed to ... more » Tuesday, May 13
Surveyors' mood is gloomiest in nearly 30 years as slump deepens
by
bewarethesharks
on Tue 13 May 2008 16:51 BST
House prices are set to fall by at least 5% to 10% in real terms this year, housing minister Caroline Flint was briefed to tell the cabinet today, but she also admitted she did not know if the fall could end up being far worse. In a government beset by ... more » Friday, May 9
NI homeowners facing repossession
by
bewarethesharks
on Fri 09 May 2008 14:44 BST
The number of Northern Ireland homeowners facing repossession orders after failing to keep up with mortgage payments is up by more than 30%. The number of writs issued is at its highest level for five years. More than 750 writs have been issued in the first quarter of this year, ... more » Thursday, May 8
Buy-to-let: professional investors cash in on the credit crunch
by
bewarethesharks
on Thu 08 May 2008 16:40 BST
The amateur buy-to-let investor has had his day. Deterred by falling property prices and hampered by a lack of mortgage credit as banks tighten their lending criteria, small players who want to buy one or two homes to supplement their income or bolster their pension are fast disappearing. At the ... more » Wednesday, May 7
Cash injection has not cut cost of borrowing
by
bewarethesharks
on Wed 07 May 2008 15:37 BST
The Bank of England's £50 billion cash injection into the mortgage market has so far not made any difference to the cost of borrowing, the head of the UK's biggest building society said yesterday. Graham Beale, chief executive of Nationwide, told The Times that a response to the facility "has ... more » Tuesday, May 6
Odds of further rate cuts increase after Fed's latest moves
by
bewarethesharks
on Tue 06 May 2008 11:33 BST
The odds of further interest rate cuts increased after the Federal Reserve's latest moves, and after policy setter said financial market stress, tight credit and housing weakness was likely to continue over the next few quarters. July fed funds futures rose 0.05 points to 98.04, which implies a 16% chance ... more » Sunday, May 4
Washington must do more to help housing market
by
bewarethesharks
on Sun 04 May 2008 15:23 BST
The government must actively intervene in the domestic housing market to fix the subprime mortgage problems that interest rate cuts and tax rebates alone cannot, a Federal Housing Finance Board official said on Sunday.
Allan Mendelowitz, a member of the Board of Directors of the FHFB -- a regulatory agency ... more » Thursday, May 1
House prices fall as bank predicts credit crunch will hit UK hardest
by
bewarethesharks
on Thu 01 May 2008 18:58 BST
House prices have recorded the first annual decline since 1996 as a leading investment bank gave warning that the economy would be the worst hit by the global credit crisis. The value of an average home fell by 1.8 per cent in April, the sixth successive monthly fall, figures from ... more »
Abbey trims some mortgage rates
by
bewarethesharks
on Thu 01 May 2008 11:11 BST
Abbey, owned by Spain's Santander is trimming some fixed and flexible mortgage rates as it tries to lure new customers in the face of a credit crisis and deteriorating outlook that have seen rivals retreat.
Abbey said on Thursday it would cut its two-year fixed-rate mortgage deals by 0.11 percentage ... more » Wednesday, April 30
Fed cuts key rate to 2% but urges caution over inflation
by
bewarethesharks
on Wed 30 Apr 2008 15:53 BST
The US central bank cut interest rates last night for the seventh time since last summer as it sought to combat the impact of a collapsing housing market and the credit crunch on the world's biggest economy. The Federal Reserve's open market committee voted unanimously for a quarter-point cut in ... more »
US economy 'just keeps its head above water'
by
bewarethesharks
on Wed 30 Apr 2008 14:30 BST
The US economy grew 0.6% in the first three months of the year as an increase in inventories compensated for weaker consumer spending and a deteriorating housing market. Despite beating analysts expectations, the Commerce Department's report shows a widespread weakening that many analysts fear will lead to a recession. However, ... more » Tuesday, April 29
'No sign of a bottom' in US property prices
by
bewarethesharks
on Tue 29 Apr 2008 14:37 BST
More worries over the credit crunch arrived today as 17 out of 20 US cities reported record annual declines in house prices, a survey release today showed. Standard & Poor's/Case Shiller Index, which tracks 20 of the largest housing markets, said prices fell 2.6% to 175.94 in February from January, ... more » Saturday, April 26
Rugby players feeling the crunch as property investments tumble
by
bewarethesharks
on Sat 26 Apr 2008 14:33 BST
Rugby players are the most robust of sportsmen, well able to withstand a battering on the field that would shatter the body and spirit of lesser mortals. But some of the game’s finest players have taken a hit in the property market hard enough to make even the stoutest second-row ... more » Thursday, April 24
LSH full steam ahead on London Overground property portfolio
by
bewarethesharks
on Thu 24 Apr 2008 19:20 BST
LSH will provide portfolio management across the entire London Overground network, which has been set up following the acquisition of the former Silverlink Metro service, for the duration of the two-year contract. The network, which includes 50 stations, is set for over £1.4bn of investment in the next few years. ... more »
New US home sales hit 17-year low
by
bewarethesharks
on Thu 24 Apr 2008 15:31 BST
New home sales plunged to a 17-year low in March as tighter credit conditions and weakening consumer confidence kept prospective buyers on the sidelines in spite of sharp price declines. Single-family home sales slumped 8.5 per cent in March to a 526,000 annual rate, the lowest since October 1991, 36.6 ... more » Tuesday, April 22
Abbey raises rates after Bank's £50bn bail-out
by
bewarethesharks
on Tue 22 Apr 2008 17:18 BST
Alistair Darling's hopes of reinvigorating the mortgage market were dealt a blow last night when one of the country's biggest lenders raised its rates despite a multibillion-pound Bank of England bail-out of the home loan sector. Abbey, the third largest lender, warned that it was raising the rates on some ... more » |
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