All Property Week articles in 24 July 2009 – Page 8
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Online
Sorouh rejigs Reem scheme
Sorouh Real Estate is looking at rescheduling its Shams project on Reem Island in Abu Dhabi and is cutting prices at some of its developments because of slow sales, an executive said yesterday.
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Online
Local develop bags Shanghai site for record price
A Shanghai land plot has set a year-to-date high for the property market, as increasingly buoyant prices in the mainland's richest city spur developers to replenish land banks.
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Online
China watchdog backs home-loan curbs amid bubble fears
The mainland's banking watchdog has reinforced credit control policies on second-home purchases in the latest sign Beijing is worried about the formation of a property market bubble.
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Online
Aussie listed trusts braced for bloodbath
Als but three large listed property trusts will report heavy losses, totalling about $7.3bn, in the reporting season which will kick off with Australand's result on Monday.
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Online
German funds most likely to boost East Europe
Commercial real-estate investment turnover has plummeted in Central and Eastern Europe this year, but experts point to pockets of activity in Russia, the Czech Republic and Poland.
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Online
India facing shortage of 24.71m homes
There is a shortage of around 24.71 million houses in the country, Government has said. "The total Housing shortage in the country is 24.71 million," Housing and Urban Poverty Alleviation Minister Kumari Selja said here while replying to a query in Lok Sabha.
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Online
Landlords resist Allied rent cut call
A group of the UK’s largest commercial landlords is objecting to demands to slash rents by the company that bought Allied Carpets out of administration.
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Online
Hampson to head Crown Estate
Sir Stuart Hampson, former chairman of John Lewis, will become the new chairman of the Crown Estate on January 1, 2010 after the retirement of Ian Grant. The Crown Estate, one of the biggest landowners in the UK, pays revenue from properties back to the Treasury.
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Online
Great Portland values fall
Great Portland Estates: said that its end-June portfolio value fell 5.1% from the previous quarter, the slowest rate in a year as investor interest improved. The valuation of its properties as of June 30, 2009 was £1.03bn.
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Online
Mortgage woes stymie one in ten home sales
Almost one in ten home sales falls through because buyers cannot obtain finance, a survey of members of the RICS carried out for The Times has found.
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Online
Mortgage lending highest since March 08
The number of mortgages approved for house purchase hit its highest level since March 2008 last month. High street banks approved 35,235 mortgages for new house purchases in June, up 64% on the year, figures from the British Bankers’ Association show. But this is lower than the monthly average of ...
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Online
Retail spree boosts recovery hopes
Big sales discounts and hot weather tempted bargain-hungry consumers into a summer spending spree last month despite the recession, fuelling a surprise surge in high street trading.
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Insight
Talywain site woes
Sir, I wish to expand on your article, Castlemore Administrators to Sell Welsh Site (Property Week, 03.07.09), about ‘the British’, a site near Talywain in south Wales
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Insight
Property’s Quangocracy
After 10 years and £16bn of expenditure, the days of New Labour’s big-spending regional development agencies look numbered. Hardeep Sandher used the Freedom of Information Act to examine if they have given taxpayers value for money
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Markets
Private-rented slumlands
The private-rented sector is hailed as the solution to the housing shortage. But in this extract from her new book, Ground Control, Anna Minton reveals how private landlords helped create ‘ghettoes’ in Edinburgh
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News
Wrenbridge sells in Norwich …
Wrenbridge has sold a site and two properties and has presold a property to Norfolk Police at its Gateway 11 scheme in Norwich for a total of £15m.
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Professional
London relief means pain in Midlands...
Transitional relief would keep capital rises at 3% but regions would suffer
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Markets
What London wants
In October London mayor Boris Johnson will publish the new draft London Plan. Mark Shepherd and David Hatcher asked key London figures what they want from it
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News
Living like Lord’s
The knock of leather on willow, the polite smattering of applause, the contented gentleman dosing in his chair – Ludgate could only be at Lord’s for the Ashes