Property Investment News and Analysis from Dominic Farrell
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View Article  Chicago tops US property hotspots

Chicago shot to the top of the list of the hottest US office property markets last year as investors flocked from the east and west coasts towards cheaper prices in the Windy City.

The amount of office property changing hands in downtown Chicago soared to more than 26m square foot ...   more »

View Article  UK property repossessions to surge as rate hikes bite

Home reposessions are set to rise this year and next as higher interest rates take their toll.

The warning from the Council of Mortgage Lenders follows a 65 per cent jump in the number of repossessions last year compared to 2005.

The CML revealed repossessions rose to 17,000 last year, ...   more »

View Article  Yen loses ground as Bank of Japan keeps interest rates on hold

The yen lost ground across the board this week amid the fallout from the Bank of Japan's decision to keep interest rates on hold at 0.25 per cent on Thursday.

Analysts said the decision fuelled investor appetite for carry trades, in which investors fund positions in high-yielding currencies by selling ...   more »

View Article  UK mortgage lending at record high

Mortgage lending fell 10% in December, but was still at record levels for the month, figures showed.

Homebuyers borrowed £29.4bn from banks, building societies and specialist firms, the Council of Mortgage Lenders (CML) said in its monthly report.

This compares with £33.1bn in November, and is 8.8% higher than December ...   more »

View Article  Dominic Farrell - Property Investment Strategies

Dear Investor,

I spent a very enjoyable evening last Friday in Mayfair, London at a large gathering of property investors (300 people) for a gala dinner and charity auction. The next day consisted of a series of keynote speeches.

What became obvious by the end of the weekend was that ...   more »

View Article  UK inflation hits 3%

Inflation hit a new high in December, but the rise was not quite sufficient to require the Bank of England to pen a letter explaining the surge to Gordon Brown, chancellor of the exchequer.

The Office for National Statistics said onTuesday its index of consumer prices climbed by 3.0 per ...   more »

View Article  UK interest rate rises slow property market

Recent interest rate rises have taken the heat out of the housing market, according to a report released today. The Royal Institution of Chartered Surveyors says its latest survey of residential property shows prices rose for the 14th consecutive month in December, but the pace of that increase slowed to ...   more »

View Article  Sterling at 8 year high against Yen and 2.5 year high against Euro

Sterling advanced yesterday, extending its gains after last week's surprise interest rate rise by the Bank of England.

The pound rose to an eight-year high against the yen and a two-and-a-half year peak against the euro as data showed UK output prices rose 0.2 per cent in December, the highest ...   more »

View Article  Germany reports strongest growth since 2000

German consumers’ reluctance to spend was finally smashed last year, the country’s statistical office declared on Thursday as it reported the strongest year of economic growth since 2000.

Consumer spending reversed the trend of recent years to outpace growth in disposable incomes, according to Walter Radermacher, president of the federal ...   more »

View Article  Bank of England raise interest rates to 5.25%

Interest rates hit their highest in more than 5½ years on Thursday as the Bank of England surprised the City by raising the cost of borrowing to 5.25 per cent.

The quarter of a percentage point increase wrong-footed analysts, most of whom had expected the Bank's monetary policy committee to ...   more »

View Article  Property investment strategy 2007

A few questions for you to kick-off the New Year:

Did you achieve your financial goals in 2006? If you did, then please skip the next few lines. If you didn’t:

• What stopped you?

• What single factor could you change now in order to make a financial success of 2007?...   more »