All Property Week articles in 11 July 2008 – Page 2
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Online
Property values fall almost twice as fast as last month
The speed at which property values are falling almost doubled between May and June, denting hopes that the market had bottomed out.
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News
Buyers reluctant to enter market
Consumers are increasingly reluctant to venture into the uncertain housing market or to spend beyond essential purchases, according to two surveys out today that suggest households are feeling the strain of tight credit conditions and rising living costs.
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News
House rents could rise 15%
Rents are set to rise by up to 15% over the next two years, reflecting both a shortage of supply and rising demand from buyers struggling to get on to the housing ladder, according to a report commissioned by the letting industry’s trade body.
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News
Dawnay Day holdings back away from name
The dissolution of the Dawnay Day empire gathered pace yesterday after more companies in which it holds stakes distanced themselves from the property and financial services business.
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News
Freddie Mac and Fannie Mae shares slide again
Shares in Freddie Mac and Fannie Mae resumed their slide yesterday as investors reacted to an emergency announcement from the US Government on Sunday night that could significantly dilute their holdings.
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News
Trader slams US mortgage bail-out
Currency trader Jim Rogers has blasted the US government’s planned bail-out of Fannie Mae and Freddie Mac as an 'unmitigated disaster'.
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News
St Modwen cuts development on posting loss
St Modwen has said it is curtailing development and reducing borrowing levels after reporting a loss for the six months to May.
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OnlineFormer Hammerson chairman Spinney dies
Former Hammerson chief executive and chairman Ron Spinney died yesterday from cancer, aged 67. Spinney joined Hammerson as chief executive in 1993, and is widely credited for turning round its performance and setting it on the path to becoming firmly established as a FTSE-100 company.
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Online
Property investment deals down 75% in M25 region
Investment in the M25 region has plummeted by 75% in the first six months of 2008, according to Savills’ latest report.
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NewsThe LandAid Summer Ball 2008
More than 300 property professionals camped out in LandAid’s marquee in Mayfair’s Berkeley Square last Thursday for the real estate charity’s annual summer ball.
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Online
Ashtenne fund gets new lease of life
Investors in the £1bn Ashtenne Industrial fund have voted to extend its life until 2016.
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Online
Dawnay Day property trust shares plummet
Shares in listed property trusts managed by private finance group Dawnay Day have dropped after it emerged that Ernst & Young has been appointed to restructure the company.
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OnlineStelios poaches new chief exec from rival Regus
Sir Stelios Haji-Ioannou has poached a director from Regus to be the chief executive of his EasyOffice company.
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Online
Estate agents criticised for lack of clarity
Estate agents must make sure their customers are not ‘confused’ when asking for a fixed-fee, or face penalties, the Ombudsman for Estate Agents said today.
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Online
St Modwen takes £38m resi land writedown
St Modwen Properties has written down the value of its residential landbank by around 10% due to the downturn in the residential market.
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News
Crunch fells Scotland's tallest tower
A joint venture between Glasgow developer Elphinstone and the now bankrupt Harrogate-based developer City Lofts had been intending to start work on the £120m, 40-storey mixed use tower later this year.
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News
The Co-op ready to step back into supermarkets with Somerfield
The Co-operative Group is poised to jump back into the supermarket big league by completing its long-awaited £1.6bn takeover of Somerfield.
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News
CBI warns Tories on planning bill
David Cameron’s Conservatives are putting £100bn of investment in energy infrastructure in jeopardy and risking power cuts by opposing planning reforms, the CBI said yesterday in a new attack on the opposition’s business policies.
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News
Mortgage review 'set to disappoint'
The keenly-awaited Treasury-commissioned review of mortgage finance, published in the next few days, will disappoint housebuilders and lenders hoping for an early end to the freeze in the home-loans market.
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News
Fed rescue for US mortgage bodies
The US treasury is working on plans to inject up to $15bn (£7.5bn) of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
