All Property Week articles in 09 May 2008
View all stories from this issue.
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News
London house prices 'resilient but not immune'
Jones Lang LaSalle has said that London house prices are fairing better than most in the current climate. The company released its Residential London Prime New Homes Price Index today and a spokesman said: 'The global credit crisis has had a detrimental impact on the central London prime new ...
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News
To buy or rent? That is the question...
Andy Teacher from the BPF talks to Simon Mayo on BBC FIVE. The question - is it better to rent in this market?
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News
More than a quarter of homes bought are terraced
Figures released today by the Nationwide Building Society show that more than a quarter of all homes sold in the UK are terraced houses.
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Online
Morgan Stanley launches $4bn infrastructure fund
Morgan Stanley has raised $4bn (£2bn) for a global infrastructure fund aimed at providing investors with a ‘long-term’ source of income.
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News
Estate agents face disaster if crunch continues
1,800 firms may go to the wall as banks are accused of 'squeezing the life out of the market' amid fears of a decade-long slump. Independent on Sunday
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News
New Morgan Stanley fund to target distressed property
Morgan Stanley is raising a new $10bn (£5.1bn) global real estate fund to take advantage of distressed and property assets. Sunday Telegraph The investment bank, through its sizeable real estate division, has already begun the process of raising money for the fund, which is set to close by late summer. ...
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News
Nationwide raises overdraft rates ahead of regulation
Nationwide has become the latest institution to hit current account customers, announcing a 3% rise in overdraft interest rates despite the Bank of England’s decision to keep rates on hold. Sunday Times. Royal Bank of Scotland and its subsidiary, NatWest, have also increased fees on packaged current accounts by up ...
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News
New fund exploits London property downturn
A fund is to be launched that will look to exploit the downturn in the housing market by buying cheap homes and residential developments in London. Financial Times
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News
House prices inflation down
Figures from the Department for Communities and Local Government, due out tomorrow, are tipped to show annual house price inflation down to 3.9% in March, from 6.7% in February. The Times
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News
HSBC and Barclays may indicate worst is over
HBSC and Barclays will this week give the banking industry evidence that both have their sub-prime problems under control. Daily Telegrpah, The Times
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News
Industry proposes green rates shake-up
The property industry is to call for a radical shake-up of the multibillion pound tax regime on commercial buildings to promote sustainability. Daily Telegraph
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Online
MPs told to give clearer green guidance
The property industry will tell MPs that there is not enough guidance on how to ‘green’ existing buildings to reduce the environmental impact and rising concerns about bearing the potential costs in a property downturn.
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News
Land Securities to unveil plans
Land Securities is expected to provide investors with an update on its proposed three-way demerger plan alongside its full-year results on Wednesday, which will also include the first valuation of its property portfolio since September – just before the credit crisis began to affect the UK’s commercial property sector. The ...
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News
Halifax restricts small deposit deals to account holders
Halifax will from tomorrow force borrowers with small deposits who do not use a broker to open a current account before they can get a mortgage. Sunday Times
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News
Building Society moves to plug rate fix dodge
Norwich & Peterborough has moved to stop big borrowers locking in to low-rate deals in advance. Sunday Times
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Online
Tchenguiz takes 3% of Whitbread
R20, the investment vehicle owned by Robert Tchenguiz, has taken an economic interest through contracts for difference (CFD) in 3% of hospitality company Whitbread.