All Property Week articles in 09 April 2009 – Page 2
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Online
BRC calls for government to tackle empty shops
British Retail Consortium (BRC) said the government should be doing more to keep high streets ‘productively occupied’ and that temporary uses is not the answer.
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OnlineOxford Circus gets new crossing
A pedestrian crossing for one of the world's busiest intersections is to be created at Oxford Circus.
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OnlineFrasers plans luxury apart-hotel in Edinburgh
Frasers Property has unveiled plans for 121 luxury serviced apartments in Edinburgh.
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Online
US Hotels face uncertain times
Hotels have been struggling for months and a bad situation is likely to turn worse as a rapidly growing number of hotels — including many high-end and luxury properties — are forced into bankruptcy or foreclosure in coming months.
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Online
Huge Perth scheme gets nod
Work can start on the A$2bn redevelopment of a large derelict tract of Perth after the state Government yesterday signed off on the final planning approval for the Northbridge Link project, giving the green light for private-sector investment.
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Online
Banks 'gambling' on first homes
The rush of first-home buyers is emerging as a bad-debt time bomb for banks, as government cash incentives for new home owners drives about a quarter of all new mortgage applications for banks.
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Online
Property funds postpone capital plans
Property funds are putting off fresh capital raisings in response to the uncertain outlook for investments in the sector and a decline in distressed assets coming to the market because of easier credit for developers.
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Online
Hong Kong market gets Easter boost
More than 50 new flats were sold during the Easter holiday, showing the Hong Kong property market is recovering from the global financial crisis, agents said.
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Online
Emaar to appeal Saudi ruling
Emaar Properties has said it will appeal a Saudi ruling reversing an earlier judgment in its favour in a $1.2bn (Dh4.4bn) lawsuit against it.
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Online
Dubai World to see Vegas project through
The multi-billion dollar gaming and hotel project in Las Vegas could be completed after a new financing strategy was mooted.
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Online
Ajman adds Abu Dhabi bank to escrow list
The Ajman Real Estate Regulatory Agency has added the Abu Dhabi Islamic Bank to its list of authorised escrow account managers, to ensure developers have a choice of accounts with which to deposit their funds, the agency said on Monday.
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Online
Chinese property prices forecast to halve
Property prices in China are likely to halve over the next two years, a top government researcher has forecast, in a strong sign that the country’s economic downturn faces further challenges in spite of recent positive data.
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Online
Recession eased in March says Savills
The effects of the recession showed signs of easing in the commercial property sector in March, according to Savills.
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Online
HSBC looks to sell key offices
HSBC is looking for buyers for three of its largest offices in London, New York and Paris as part of a global asset sell-off in an effort to secure fresh funding.
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Online
Retailers call for action to prevent 'ghost towns'
Retailers have urged the Government to provide them with more assistance to keep shops occupied, as Whitehall unveils a £3m initiative today to try to prevent high streets from becoming ghost towns during the recession.
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Online
Business surges at secondary shops
Down-at-heel shopping centres and out-of-town discount stores are experiencing surging sales in spite of the economic downturn as consumers turn bargain hunters to keep costs down.
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Online
Housing slump ' over by Christmas'
The housing slump will be over by Christmas, one of London’s most prominent economic consultancies has predicted.
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Online
BPF urges stamp duty overhaul
An overhaul of stamp duty charges for investors in residential property would ensure that thousands of new family homes are built, the British Property Federation said. It wants bulk property purchases to be taxed at the marginal rate applicable to each unit.
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Online
Housing market snapshot set for rise
The latest snapshot of market conditions from the RICS, out today, is expected to show that the headline index of trends in house prices rose to between minus 77 and minus 73 for March, from minus 78 in February.
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Online
Core cities outside London hit hardest by job losses
Traditional manufacturing and heavy industry areas in northern England, the West Midlands and Scotland have suffered the biggest rises in unemployment during the recession, according to analysis of official figures.
