All Property Week articles in 31 October 2008
View all stories from this issue.
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Online
APC Advice - Week 17: Nine-month supervisor review (part 1)
Jon Lever gives you a first look at the nine-month supervisor review, while Ben Elder looks at the competency on purchase and sale
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OnlineParklands to form major feature of Thames Gateway
The vision for a 64km river front stretch of parkland along the Thames will be represented in the UK’s biggest architectural model at the Thames Gateway Forum at the end of the month.
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Online
Plaza buys out Indian joint venture partner
Plaza Centers, the emerging markets developer, has bought out the 50% interest of Indian joint venture partner, Avinash Bhosale Group at its mixed-use Koregaon Park scheme in Pune, for $20m (£12m).
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Online
Dramatic Irish commercial property re-pricing sets in
The total return on Irish property tumbled -13.9% during the third quarter according to the Irish Society of Chartered Surveyors and IPD Irish Quarterly Property Index.
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Online
UK property losses rack up due to mounting capital value deflation, says IPD
The all property total return index fell for the fifth consecutive quarter, over the three months to 30th September 2008, falling -4.8%, according to the IPD UK Quarterly Property Index
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News
Negative equity to hit 3m households
Three million homeowners could end up in the trap of negative equity, with mortgage debts larger than the value of their property, as house prices continue to plunge, new City estimates show.
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News
Commercial property demand falling at fastest rate in a decade
The demand for commercial property is falling at the fastest rate for a decade as the economic downturn drives the market into a slump, the RICS has warned.
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News
Builders set for more writedowns
The fall in property prices could wipe out the equivalent of more than a decade of profits in the house building sector as developers revalue their assets to reflect the lower value of the land on their balance sheets, according to industry analysts.
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News
Germans block fund redemptions
Nearly €30bn of German property funds were frozen between Tuesday and Friday last week in what industry experts fear could foreshadow a UK commercial real estate collapse.
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News
4,000 pubs could be lost in next two years
More than 4,000 pubs will go out of business in the next two years as beer sales fall and higher bills crush profits, according to insolvency specialists at PwC.
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News
Rock 'needs £3bn injection'
The Government will have to pump more capital into Northern Rock and Bradford & Bingley to reflect worsening conditions in the housing market, senior bankers believe.
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Scots investor fronts HBOS rival bid
The takeover of HBOS by Lloyds TSB will come under fresh pressure this week as the Halifax and Bank of Scotland owner faces a possible counter-bid from a mystery foreign suitor while having to write off an estimated £5 billion because of falling asset values.
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News
Jobless 'to hit 3m in two years'
Unemployment will rise to almost three million in the next two years, according to the accountants Deloitte.
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News
PFI rules changed to limit private profit
Profits made by companies building new hospitals, prisons, roads and schools under the Private Finance Initiative will be curbed under new rules rushed through by the Treasury that come into force today (1 Nov).
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Online
Demand from occupiers falls at fastest rate in decade, says RICS
The demand for commercial property during the third quarter fell at the fastest pace in a decade, according to the RICS’ Commercial Property Survey published today.
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OnlineLondon house prices drop at record rate says Knight Frank
Prime residential prices in central London fell by 3.9% in October, the fastest rate of decline on record, Knight Frank’s latest market report has found.
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OnlineGerman investors flee funds
Degi has become the latest German open-ended fund manager to stop investors withdrawing their money as panic spreads across the sector.
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Online
F&C reveals 7.8% NAV fall
F&C Commercial Property Trust has revealed a 7.8% fall in net asset value a share to 103.4p in the three months to 30 September 2008.
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Online
Retail rents highest in Paris, London, Moscow and Dublin says JLL
Retail rents along Paris’ Champs Elysees remain the highest in Europe, according to Jones Lang LaSalle’s first report on Prime High Street Rents in Europe.
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OnlinePat Gunne leaves CBRE for Green Property
CB Richard Ellis’ deputy chairman of Ireland Pat Gunne is leaving to take over as managing director of Stephen Vernon’s Green Property.
