All Property Week articles in 28 November 2008 – Page 11
-
News
Luxury house price falls set to continue
Demand for luxury residential units in Hong Kong remains depressed as a result of continued poor market sentiment and uncertainty over the local and global economic outlook, say property watchers.
-
News
Secondary transactions dip as buyers wait
Property sales at major housing estates lost momentum last week as potential buyers stayed on the sidelines in anticipation of Sun Hung Kai Properties adopting a low-price strategy at the upcoming sale of two new projects.
-
News
CBRE at centre of inquiry call
Hong Kong surveyors have urged their institute to examine the circumstances surrounding an unprecedented attack on the professionalism of a valuer.
-
News
Mortgage approvals plunge again
Mortgage approvals last month fell by more than half from a year earlier, according to data from the British Bankers’ Association which economists said underlined the extreme pressure on the housing market.
-
News
Fed adds $800bn to borrowing aid
The US Federal Reserve yesterday escalated its efforts to revive the financial system, pledging $800bn to bolster markets for loans to homebuyers, consumers, students and small businesses.
-
News
Woolies on brink as MFI wobbles
Two of the UK’s best known retailers – Woolworths and MFI – were close to collapsing last night.
-
News
Exempt empty properties 'include cash machines'
The 70% of properties which the Government claims will benefit from changes to the tax on empty buildings includes cash machines, telephone boxes and photograph booths, property experts have warned.
-
News
Skanska cuts jobs
The Swedish construction group said that it will cut 3,400 jobs in the Nordic region as its order book shrinks and will take a fourth-quarter restructuring charge of SKr600m (£50m).
-
News
US house price slide continues
The latest S&P/Case-Shiller index showed that US house prices fell at a record annual rate of 17.4% during September.
-
News
Paragon profits hammered
Underlying annual profits at Paragon, the buy-to-let mortgage specialist, fell 23% because of higher lending costs and an increase in bad debts.
-
News
New Star shuts flagship fund as cash runs out
New Star Asset Management suffered a further blow yesterday when its flagship international property fund was forced to suspend trading after redemptions by institutional investors left it dangerously low on cash.
-
News
Taylor Wimpey bows to pressure
Taylor Wimpey is set to yield to pressure from its lenders to offer them some equity as part of a package to refinance its £1.9bn net debt pile.
-
News
Housing measures criticised
Housing experts were yesterday critical of a failure to do more to stimulate the market, which the Treasury has estimated could fall by around a fifth in the two years to the end of 2009.
-
News
Thames Gateway housing set to fall short
Recession-hit developers are unlikely to build enough houses in the Thames Gateway to meet the government’s target of 160,000 new homes by 2016, the head of a new national regeneration agency indicated.
-
OnlineBudget retailer rescues Mark One
Mark One, the troubled fashion retailer which went into administration last week, has been part-rescued by rival retailer Internacionale.
-
Online
Propinvest portfolio breaches interest cover covenant
A large portfolio of UK properties owned by Glenn Maud’s Propinvest that is in negative equity is also in breach of its interest cover covenant.
-
Videos
John Strachan at MAPIC (video)
Cushman and Wakefield’s John Strachan talks about the company’s Main Street research at MAPIC.
-
Online
Schroders says property recovery is in sight
William Hill, head of property at Schroders predicted the recovery of the UK property market would begin in 2010 when he said equity investors would return to the market.
-
News
IPD conference to discuss the state of the domestic and global real estate investment markets
Later this week the UK property industry will Congregate on the South coast for the IPD/IPF Property Investment Conference 2008 to discuss the state of the domestic and global real estate investment markets.
-
News
Pre-Budget report poll
To what extent will Chancellor Alistair Darling's changes to empty rates help you?
