All Property Week articles in 26 December 2008 – Page 2
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US rates for large mortgages jump
Borrowers looking to take advantage of record-low interest rates may be out of luck if they need a home loan that exceeds $625,500.
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Vacant office space threatens lender crises
Vacancy rates in office buildings exceed 10% in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
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Oz conveyancers set for further layoffs
The bottom has fallen out of the previously lucrative conveyancing industry, with a prediction of more retrenchments nationwide this year.
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No Aussie interest rate meeting expected for January
Borrowers will have to wait until February for more mortgage relief with the central bank unlikely to interrupt their summer break and cut the cash rate on Tuesday, economists say.
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Dubai moots developer rankings
Property developers in Dubai will be ranked by financial stability and market experience under a system to be introduced by the Dubai Real Estate Regulatory Authority this year.
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Mid East hospitality sector prepares for slump
The Egyptian tourism industry, dependent on visitors to sites such as Luxor, shown here, is girding for a slowdown in business. Victoria Hazou for The National
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Property companies refinance over £22bn
The slump in the commercial property market will reach new lows this year with £22.7bn of property debt scheduled to be refinanced, new research claims.
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Falling retail rents give stores a breather
Retail rents fell for the first time in 15 years in 2008 and will not return to growth until 2013, handing struggling retailers a potential lifeline to stave off administration.
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Help for jobless mortgage holders extended
State help for people struggling to pay the mortgage after losing their job will be extended from today in a bid to cushion the blow of the recession. The waiting period to qualify for the means-tested benefit has been reduced by a third to 13 weeks from 39 in a ...
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Punch offers lessees chance to buy pubs
Punch Taverns has formally started the sale process for 500 of its leased pubs by offering their existing lessees first refusal on the properties.
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Shanghai M&S store struggles
Marks & Spencer has admitted sales at its flagship Chinese store have slumped since its grand opening in three months ago.
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Bellway pay-outs cause concern
Bellway, the UK’s fourth largest housebuilder, is facing a revolt from shareholders after it paid more than £630,000 to top executives in spite of a sharp fall in its share price last year.
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Sales gloom expected
Marks and Spencer is expected to deliver its worst Christmas trading performances in a decade as the effects of the downturn are laid bare by some of the high street’s biggest names.
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Nakheel eyes listing
Nakheel, the company behind some of Dubai’s best-known landmarks is considering a stock market listing to raise as much as $15bn (£10.4bn).
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Scottish government near planning 'breakthrough'
The Scottish government claims it is on the verge of a significant breakthrough in speeding up the planning process after a sharp rise in the number of appeals being heard within 12 weeks.
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PM to sweep aside rural housing curbs
Gordon Brown is preparing to sweep aside planning controls in villages and market towns to allow the biggest rural housebuilding programme for a generation.
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OnlineHouse prices at lowest level for four and a half years
UK house prices slipped by a further 2.2% in December to their lowest point since August 2004, according to research from Halifax.
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OnlineWoolworths delays shop closures to raise more cash
Woolworths’ 400 remaining shops will stay open an extra day to raise more money from stock sales.
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Fannie in talks for force mortgage buyback
Fannie Mae is in talks with the Federal Deposit Insurance Corp and IndyMac Bank to force the failed lender to buy back certain mortgages.
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Oz fund manager sells four US assets
Rubicon America Trust said today that it has agreed to sell four US properties to Kaufman & Jacobs for $US175 million to pay debt.
