All Property Week articles in 06 February 2009
View all stories from this issue.
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APC Advice - Week 29: The 15-month review (part 2 - candidate preparation)
Jon Lever tells you how to approach your 15-month meeting, and Ben Elder tells you all you need to know about the competency on consultancy services
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SA government targets wealthy area for low income homes
A government plan to redress forced removals under apartheid is about to hit one of the country’s most expensive suburbs.
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Japan General files for bankruptcy protection
Condominium developer Japan General Estate Co. has effectively folded with liabilities of about ¥197.55 billion brought on by the global financial turmoil and the deepening slump in the real estate industry.
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Indian property sector 'under pressure'
The Indian real estate sector is likely to remain under pressure for the next few months due to small capital flow into this segment as lending to developers has not improved considerably among other factors, a report says.
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Some US home prices 'to bottom out this year'
House prices in much of the US will bottom out in this year's fourth quarter, Moody's Economy.com says in a new report.
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Boston Properties halts construction of part let NY tower
In a sign that commercial property markets continue to worsen, real-estate giant Boston Properties, Inc., said it will halt construction on a major Manhattan skyscraper despite already having leased a chunk of the building.
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US Real estate hopes boosted by tax credit
A proposed tax credit for home purchases is raising the hopes of the real-estate industry, which believes the credit could be just the stimulus needed to stabilize the housing market and get hesitant buyers to take the plunge.
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Three REITs see AUS$1.7bn slashed from portfolios
The dishevelled listed property trust sector took another hit as three big trusts, Dexus, Macquarie Office Trust and Mirvac, slashed a combined $1.7bn from the value of their property portfolios.
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Rate cut pushes Sydney property into overdrive
Sydney's property clearance rate soared to a two-year high at the weekend, while savage weather and the bushfire crisis took a heavy toll on the Melbourne market, where sales crashed to record lows.
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Hang Lung set for 70% dip as sales decline
Hang Lung Properties is expected by analysts to report tomorrow a 70% dive in half-year underlying profit because of tumbling sales.
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Growth in Gulf states 'to halve in 2009'
Growth in Arab Gulf states will almost halve in 2009 on lower than expected oil prices amid the gloomiest global economic outlook in more than half a century, according to the IMF.
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Fed moves to cut mortgage rate falter
US Federal Reserve efforts to drive mortgage rates lower by buying home loans have faltered with rates rising over the past month.
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Office demand slumps at record pace
Demand for offices and shops has fallen at the fastest pace on record, spelling further trouble for commercial property landlords struggling to find tenants in worsening economic conditions.
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Property firms in huge cash calls
Hammerson is to launch a £600m deeply discounted rights issue to repair its battered balance sheet amid the worst conditions in the sector since the 1990s.
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Meadowhall stake sale sees Thursday deadline
British Land is trying to complete the sale of a £600m stake in Sheffield’s Meadowhall shopping centre before its third-quarter results on Thursday.
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Toxic assets could top £400bn
The Treasury’s scheme to ring fence toxic loans made by British banks is likely to involve more than £400bn of assets being insured by the taxpayer, according to The Sunday Telegraph .
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Bidders circle Baugur high street assets
Baugur, the Icelandic retail investor, faces another week of uncertainty as potential buyers circle assets including House of Fraser and Hamleys after its UK subsidiary was put into administration last week.
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Rock losses from repos jump
Northern Rock has seen losses incurred from repossessed homes jump by 88% since it was nationalised a year ago, according to new data from its securitisation vehicle.
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Mortgage scheme slammed
Only a small number of households will be helped by the Treasury’s homeowner mortgage support scheme, says a report by the Centre for Policy Studies, a free market think-tank. The scheme encourages lenders to defer interest payments for up to two years in return for a partial government guarantee.
