All Property Week articles in 19 December 2008
View all stories from this issue.
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APC Advice - Week 24: Supervisor and counsellor review (part 3 - supervisor and counsellor preparation)
Jon Lever continues his look at the 12-month supervisor and counsellor review with advice for counsellors and supervisors, and Ben Elder turns his attention to the competency on contact administration
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Dubai lenders face default prospect
Banks and finance companies that helped underpin Dubai's six-year real-estate boom are facing the unprecedented challenge of mortgage defaults by overstretched borrowers who had hoped to cash in on soaring property prices in the tax-free Persian Gulf enclave.
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US developers turn government as debt mountain looms
With a record amount of commercial real-estate debt coming due, some of the country's biggest property developers have become the latest to go hat-in-hand to the government for assistance.
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Policymakers ponder Freddie and Fannie rejig
Policymakers are looking to revamp the nation's home loan system next year after the collapse of U.S. housing and mortgage markets spurred the current economic crisis.
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Commonwealth Property cuts book value by AU$190.7m
Commonwealth Property Office Fund has cut the book value of 15 office properties by $190.7m.
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Aussie retail and finance hit by job cuts
Two of Australia's main employment sectors — finance and retail — are showing heavy falls in the number of jobs in the three months to the end of November.
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Cheung Kong set to top HK sales rankings
Cheung Kong (Holdings) is believed to be Hong Kong's top developer in terms of sales this year with about HK$24 billion in revenue, 84% higher than forecasts for Sun Hung Kai Properties, according to analysts and property agents.
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Developers urged to give control to owners
Master developers need to hand over building management responsibilities to homeowner associations sooner to help residents cut maintenance costs and take control of upkeeping their homes, an industry group says.
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Property hammered as UAE markets are suffer
2008 is drawing to a close with the nation’s stock indexes having their values cut and a banking sector set to enter a difficult year with restricted lending capabilities.
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Gulf property firms restructure for downturn
Construction companies are restructuring salary packages and relocating staff within the Gulf to try to counteract the slowdown in Dubai and avoid redundancies.
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No house price to recovery for 10 years
House prices will not recover to their 2007 peak for at least a decade, according to Legal & General Investment Management.
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RICS urges action on abandoned homes
The Government could house tens of thousands of families if it took steps to help to bring Britain's empty homes back into use, according to a report by the RICS.
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House sales forecast for record low in 2009
House sales are set to fall to a record low next year, with less than 700,000 homes expected to change hands. This equates to households in the UK moving just once every 31 years.
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Bidders eye Lehman UK mortgage book
A clutch of vulture funds and private-equity bidders are circling a £900m portfolio of British sub-prime mortgages being auctioned by the administrators of Lehman Brothers.
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US house sales down
Figures due out tomorrow are tipped to show that sales of existing US homes fell to an annual rate of 4.93 million in November, from 4.98 million in October. New home sales are tipped to have declined to an annual rate of 420,000, from 433,000.
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Dublin set to invest €5.5bn in Irish banks
The Irish government last night announced an investment totalling €5.5bn (£5bn) in its three main banks, which will see it take an effective 75% controlling stake in the Anglo Irish Bank.
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Former owner in 11th hours bid to save Woolies
Former Woolworths chief executive Sir Geoff Mulcahy will tomorrow talk to Ardeshir Naghshineh, Woolworths' biggest shareholder before the company collapsed, over a possible 11th-hour rescue plan, which is scheduled to shut its doors for the final time in less than three weeks.
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Taylor Wimpey gets reprieve on debt
Britain’s biggest housebuilder will strike a compromise deal with banks this week to buy it breathing space to renegotiate its £1.9bn debt mountain.
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Royal Bank of Scotland in repo mystery
Royal Bank of Scotland, the nationalised bank, has sent threatening letters to homeowners saying that their homes will be repossessed if they fail to repay their entire mortgage within 30 days.
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GVA Grimley chiefs move
GVA Grimley chief executive Bob Barnett is to step down to focus on specialist corporate recovery work
