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Wednesday, August 27
Mortgage lending figures give some hope
by
bewarethesharks
on Wed 27 Aug 2008 16:29 BST
The number of new mortgages agreed by leading banks edged higher last month, raising hopes that the worst of the drought in the home-loans market may have passed. A total of 22,448 loans for house purchase, rather than remortgaging, were approved by banks during July. Although this was still a ... more » Saturday, August 23
Buildings razed turning British cities into 'bombsites'
by
bewarethesharks
on Sat 23 Aug 2008 16:17 BST
The levy on empty shops, offices and warehouses, which was introduced in April, is aimed at landlords who left buildings deliberately empty as they waited for rents to rise. It intended to reduce rents, raise property supply and earn the Treasury almost £1 billion in tax. Opponents of the tax ... more » Friday, August 22
Persimmon fury at stamp duty delay
by
bewarethesharks
on Fri 22 Aug 2008 16:08 BST
HOUSEBUILDER Persimmon yesterday blamed Government dithering over stamp duty for the creation of more confusion in the now stagnant housing market. Chief executive Mike Farley said the failure of the Government to announce firm plans for deferring stamp duty had “caused further delay and uncertainty” in a market suffering the ... more » Tuesday, September 18
Relief as Northern Rock shares up
by
bewarethesharks
on Tue 18 Sep 2007 16:20 BST
Shares in Northern Rock have recovered some ground after the government promised to protect savers' deposits. Desperate to restore faith in British banks, Chancellor Alistair Darling pledged the Bank of England would guarantee all existing deposits. The unprecedented move led to drop in the number of people queuing ... more » Monday, September 17
Bank lending rate rises on Northern Rock woes
by
bewarethesharks
on Mon 17 Sep 2007 17:12 BST
The short-term lending cost between banks has shot up in the wake of the run on Northern Rock, figures show today. The overnight interbank Libor rate surged to 6.47 per cent this morning compared with 5.87 per cent on Friday and above the 5.75 per cent Bank of England ... more »
Mortgage borrowers and savers told not to panic
by
bewarethesharks
on Mon 17 Sep 2007 16:45 BST
Borrowers and savers have little to fear, despite Northern Rock's need for an emergency loan from the Bank of England, industry experts said, though they believe liquidity problems could slow the property market. Mortgage borrowers and savers with Northern Rock -- the country's eighth-largest listed bank -- can have ... more » Friday, September 14
Bank of England in dramatic intervention
by
bewarethesharks
on Fri 14 Sep 2007 16:41 BST
The Bank of England was last night forced to hand emergency funding to one of Britain's biggest mortgage providers - Northern Rock - as it became the first major financial institution in the UK to run into serious trouble as a result of the credit crisis that has caused turmoil ... more » Monday, March 19
EU inflation stable at 2.1%
by
bewarethesharks
on Mon 19 Mar 2007 11:53 GMT
According to Eurostat, the Statistical Office of the European communities, annual EU inflation remained unchanged from January’s figure of 2.1%. The current rate of inflation is close to the European Central Banks desired level of 2%. The current inflation rate for the euro zone is at 1.8%, which is in ... more » Wednesday, October 25
Spain: property groups build in risk of a slowdown
by
bewarethesharks
on Wed 25 Oct 2006 12:22 BST
Over the past five years the Spanish real-estate market has exploded amid a fertile construction sector, historically low interest rates and record investment from within the country and abroad. Lately, property companies have embarked on a slew of takeovers, initial public offerings and foreign acquisitions. Some observers attribute the activity ... more » Wednesday, October 18
Assetz warn of hype in Bulgaria's property market
by
bewarethesharks
on Wed 18 Oct 2006 12:11 BST
Stuart Law of Assetz warned yesterday that there was too much hype involved in selling Bulgarian property, a view we have held at Bewarethesharks.com for the past 2 years and consequently we advised investors to avoid this market. "There have been massive amounts of misinformation because people have thought ... more » Wednesday, October 4
UK property market up 1% in September
by
bewarethesharks
on Wed 04 Oct 2006 19:50 BST
UK house prices rose by 1 per cent in September, but activity may have reached a plateau, Halifax said on Wednesday. The stronger-than-expected figure confirms that homebuyers have yet to be deterred by August’s surprise rise in interest rates and the firm trend will not be lost on the Bank ... more » Tuesday, October 3
Martinsa bids for Spanish rival Fadesa
by
bewarethesharks
on Tue 03 Oct 2006 10:01 BST
Martinsa, a Spanish property group, has announced an offer to buy rival Fadesa for €4bn ($5bn), potentially securing itself a stock market listing and joining a list of real estate companies seeking to raise their profile ahead of a shake-out in the overheated market. The unlisted group, led by Fernand ... more » Sunday, July 16
Bulgaria Beware - a Sunday Times damning undercover report
by
bewarethesharks
on Sun 16 Jul 2006 15:28 BST
British buyers on the
It was, many thought, too good an opportunity to miss: a beachfront property on Tuesday, July 11
Property unit trusts - debate re-ignited by REITs
by
bewarethesharks
on Tue 11 Jul 2006 16:47 BST
The debate over which is better – listed or unlisted property – has rumbled on for years. But in Europe it has been reignited by Britain and Germany's decision to introduce real estate investment trusts (Reits). For pension funds investing in property, unlisted funds have long had the upper hand ... more » Wednesday, July 5
Savills warns on UK property market
by
bewarethesharks
on Wed 05 Jul 2006 10:16 BST
The "We have some caution that the residential markets may not be as buoyant in the second half," the group said in a trading update ahead of its interim results. The ... more »
Wimpey says UK property market improving
by
bewarethesharks
on Wed 05 Jul 2006 10:06 BST
George Wimpey, the Forward order book for Morrison, its Monday, June 5
The Jet-to-Let Bible reaches Amazon bestseller spot before publication
by
bewarethesharks
on Mon 05 Jun 2006 23:07 BST
The Jet-to-Let Bible: the secrets of overseas property investment has stormed to Number 1 Bestseller in its category on Amazon, even before a single page has been printed. It is also in the top 10 of all property investment books, beating such notables as Donald Trump. The book, ... more » Sunday, May 21
Nationwide admit to mistake with mortgage lending
by
bewarethesharks
on Sun 21 May 2006 13:21 BST
Nationwide, the The Friday, April 21
Persimmon predicts up to 4% growth for UK property market in 2006
by
bewarethesharks
on Fri 21 Apr 2006 09:21 BST
Persimmon has sold 9,900 homes with a value of £1.8bn this year and predicted a price increase of between 3 and 4 per cent for 2006. At its annual meeting yesterday, Duncan Davidson, retiring chairman, described weekly sales rates at the Wednesday, April 12
Commercial property - Grosvenor warn of "unsustainable levels"
by
bewarethesharks
on Wed 12 Apr 2006 10:05 BST
The Duke of Westminster, Britain's biggest private landlord, warned yesterday that the commercial property market had moved towards "unsustainable territory".
The Duke, unveiling the annual results of Grosvenor, his property company that manages more than £9bn of assets, said "this will not continue indefinitely". He said he did ... more » Tuesday, April 4
Loans, Building Societies and Valuation Panels
by
bewarethesharks
on Tue 04 Apr 2006 16:45 BST
Nationwide, the country's largest building society, has dropped Dunlop Haywards, the property agents, from its valuation panel in the latest repercussion of a suspected £10m fraud at the Cheshire Building Society. The move came after the Serious Fraud Office said it was looking into a loan by Thursday, March 30
UK property market to rise 3% in 2006 - Barratt
by
bewarethesharks
on Thu 30 Mar 2006 16:49 BST
Barratt signalled a "return to normality" in the UK property market as it predicted prices would rise by 3% this year as buyer confidence and affordability improved. The housebuilder said it was on course for meeting analysts' consensus expectations that it would sell 14,600 homes on profit of £380m for the ... more » Thursday, March 23
Slough estates beat City forecasts
by
bewarethesharks
on Thu 23 Mar 2006 10:05 GMT
Slough Estates beat forecasts yesterday with profit for the year to December 31 at £120.4m. Analysts pointed to a significant fall in vacancies on the estate with voids down from 9.8% ... more » Monday, March 13
Bovis meets expectations and looks to a stable UK property market in 2006
by
bewarethesharks
on Mon 13 Mar 2006 12:39 GMT
Bovis, the Bovis said a switch towards affordable homes and higher provision of social housing had helped it ... more » Tuesday, March 7
Redrow positive on UK property market in 2006
by
bewarethesharks
on Tue 07 Mar 2006 12:50 GMT
Redrow today gave a cautiously positive housing market forecast for 2006, despite reporting a 22% fall in its first-half profit. The company said its sales rate per outlet had risen more than 10% in the first eight weeks of this year compared with the same period in 2005. It ... more » |
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