Updated : Sun, 1 Aug 2010 09:44:38 +0100
The UK's biggest property company will start development of the first large shopping scheme since the recession struck in a sign of confidence in the strength of the regional retail market
Publ.Date : Wed, 21 Jul 2010 19:08:56 +0100
Credit-worthy clients with straightforward mortgages have entered foreclosures at a record pace of 425% since January 2008, says a Lender Processing Services report
Publ.Date : Tue, 27 Jul 2010 03:15:41 +0100
More homeowners are paying down their principal balances when they refinance their mortgages, reversing a trend that became popular during the housing bubble, when rising prices allowed borrowers to "cash out" by taking on more debt, Freddie Mac, the government-sponsored mortgage finance company, said
Publ.Date : Wed, 28 Jul 2010 19:57:23 +0100
Wilfred Wong, a deputy of the National Congress of the People's Republic of China and executive chairman China of Pacific Star Group, a property investment firm, on China's property market
Publ.Date : Sun, 25 Jul 2010 09:19:26 +0100
The last day of April and the end of the first-time buyer tax holiday was expected to be a dark day for US housebuilders. Yet few anticipated how sharply activity levels would fall once government support was removed
Publ.Date : Sun, 25 Jul 2010 17:45:49 +0100
Christrian Candy has settled a legal dispute with a property company backed by Qatar over the proposed £3bn residential project on a prime site in London
Publ.Date : Fri, 23 Jul 2010 22:28:15 +0100
Christian Candy, one of London's best known property developers, launches a £35.8m bid to take control of Metals Exploration, a small gold mining company
Publ.Date : Fri, 23 Jul 2010 19:19:34 +0100
It is becoming clear that the European property industry risks being one of the biggest victims of regulatory overreach
Publ.Date : Tue, 20 Jul 2010 23:09:45 +0100
The time has almost come for shareholders of F&C Commercial Property and UK Commercial Property to cast votes in what is shaping up to be a nail-biting conclusion to a seemingly simple proposal
Publ.Date : Tue, 27 Jul 2010 01:47:11 +0100
The investment company of billionaire Nathan Kirsh has called for a meeting of shareholders in the developer, to vote on proposals to overhaul the board
Publ.Date : Thu, 22 Jul 2010 23:09:43 +0100
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Recent exchange rate improvements could force UK-based investors to distance themselves from the overseas property market until sterling reaches its peak, it has been suggested. According to Rightmove.co.uk, real estate speculators may wait for the pound to achieve its strongest point against the euro before buying property, as they try to call the "top of the market". Robin Wilson, head of overseas at the company, explains that rather than encouraging people to buy, the improvement in rates could have the opposite effect. "Without time pressure, rising sterling rates may have the opposite effect as people sit on their hands and try to call the top of the market before splashing out," he said. Meanwhile, the Worldwide Property Group reported that 65 per cent of individuals questioned believe that now is a good time to buy a foreign home. Among some of the more popular locations for potential investment are the European destinations of Spain, France, Italy and Cyprus.
Publ.Date : Tue, 13 Jul 2010 00:00:00 GMT
Christian Candy, one of London's best known property developers, launches a £35.8m bid to take control of Metals Exploration, a small gold mining company
Publ.Date : Fri, 23 Jul 2010 19:19:34 +0100
Foreign investors made up four per cent of the US property market in the year to March 2010, new figures have revealed. According to the National Association of Realtors (NAR), international buyers spent USD 41 billion on real estate during the time period. The organisation explains that just over half of all the purchases made by foreign investors were in four states, with Arizona, California, Texas and Florida property proving to be the most popular. In addition, the NAR stated that 55 per cent of these buyers paid for their real estate using cash, compared to 92 per cent of US buyers who opted for a mortgage. Meanwhile, the US real estate recovery could be hampered by an oversupply of housing and an increasing number of foreclosed properties entering the market, Radar Logic has said. The body claims that hopes of price escalation are likely to be dashed by the sheer weight of distressed and non-distressed property on the market.
Publ.Date : Wed, 14 Jul 2010 00:00:00 GMT
Individuals with property in Chon Buri, Thailand, may be pleased to hear that the country is experiencing strong bookings once again following a period of political uncertainty, a leading tour operator has suggested. Hayes and Jarvis has revealed that despite all the recent troubles experienced by the Asian destination, the availability of cheap flights has contributed to an upturn in fortunes. Neil Alobaidi, commercial director for the global tour operator, explains that there are some good deals for holidaymakers to take advantage of in the long-haul holiday market. "While the political instability definitely dented bookings in the short term, while the country was hitting the headlines, Thailand has now turned the corner and bookings for Phuket and Koh Samui are exceptionally strong," he adds. Mr Alobaidi's comments come after the Tourism Authority of Thailand announced that it would be running a range of promotional strategies to tempt visitors back. Official figures show that there was a 6.8 per cent decline in visitor numbers in June compared to last year.
Publ.Date : Mon, 12 Jul 2010 00:00:00 GMT
It is becoming clear that the European property industry risks being one of the biggest victims of regulatory overreach
Publ.Date : Tue, 20 Jul 2010 23:09:45 +0100
Investors in the UK property market may be interested to hear the latest predictions from the Royal Institution of Chartered Surveyors (RICS). According to the body, the surplus of real estate available on the market during the second half of 2010 is likely to lead towards residential prices in the country falling. However, RICS claims that over the six-month period sales will gradually increase. The June Housing Market Survey shows that demand from new buyers fell for the second time since October 2008 during the month, which reflects the uncertainty surrounding the economy. "A shortage of stock has been one factor holding back transaction activity in the housing market, but the abolition of HIPS is helping to belatedly address this issue," said RICS spokesperson, Jeremy Leaf. "However, with supply of property now beginning to outstrip demand, there is a risk of some modest slippage in prices during the second half of the year." Meanwhile, there is likely to be an increase in activity within the central London property market now that the election and Emergency Budget have passed, London Central Portfolio has claimed.
Publ.Date : Thu, 15 Jul 2010 00:00:00 GMT
The investment company of billionaire Nathan Kirsh has called for a meeting of shareholders in the developer, to vote on proposals to overhaul the board
Publ.Date : Thu, 22 Jul 2010 23:09:43 +0100
The time has almost come for shareholders of F&C Commercial Property and UK Commercial Property to cast votes in what is shaping up to be a nail-biting conclusion to a seemingly simple proposal
Publ.Date : Tue, 27 Jul 2010 01:47:11 +0100
Egypt has managed to weather the storm and remain unaffected by the credit crunch and eurozone debt crisis, it has been claimed. According to the country's tourism minister, Zoheir Garrana, tourism revenue has grown by 18 per cent in the first half of 2010 compared to the same period last year. It takes the total revenue to USD5.58 billion over the timeframe, with the hope of reaching USD13 billion by the end of 2010. Steven Worboys, managing director of Experience International, explains that many European countries had been hit hardest by the global economic crises. "Holidaymakers are now focused on finding the best deals available, often looking further afield than usual to non-eurozone countries such as Egypt where their money goes further," he adds. "It's certainly encouraging to see that tourism revenues are up and that the sector is accounting for 11 per cent of GDP." The news may interest individuals looking to find property in Muhafazat al Bahr al Ahmar, with the destination home to the popular tourist spot of Hurghada.
Publ.Date : Tue, 13 Jul 2010 00:00:00 GMT
Christrian Candy has settled a legal dispute with a property company backed by Qatar over the proposed £3bn residential project on a prime site in London
Publ.Date : Fri, 23 Jul 2010 22:28:15 +0100
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