All Property Week articles in 5 September 2008 – Page 8
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OnlineHouse prices fall further 1.8% in August, says Halifax
House prices fell by an average of 1.8% last month according to the UK's biggest mortgage lender the Halifax.
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New builds down by 69%
The full scale of the slump in the housebuilding sector has been revealed by figures which show that the number of new properties being built has fallen by more than two-thirds.
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Pub prices plummet as landlords struggle
Pub prices are plunging as a two tier market emerges. Industry sources say that about four pubs are closing every day. It sounds bad, but it could easily get worse. According to Mark Brumby, at Blue Oar Securities: 'There will be fewer pub sales in the run-up to Christmas and ...
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News
Mortgage costs fall
The average interest rate on a two-year fixed-rate mortgage has dropped from a peak of 7.08% at the beginning of July to 6.39%, its lowest level since July 2007, according to Moneyfacts.co.uk, the financial website.
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Doubts over cost of stamp duty move
The prime minister has vastly exaggerated the amount of money needed to pay for the surprise cut in stamp duty for homebuyers, experts said yesterday.
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Lloyds TSB cut gives hope to buyers
Homeowners were offered further glimmers of hope that pressures in the mortgage market are easing as Lloyds TSB cut its mortgage rates for the fifth time in a month yesterday and Skipton Building Society re-entered the first-time buyer market.
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Mucklow writes down £41.2m
A&J Mucklow reported a full-year pre-tax loss of £26.7m after writing down £41.2m in the value of its portfolio, against a pre-tax profit of £33.4m last year, and said it expects a further decline in property values over the next 12 months.
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Treasury warns of region slowdown
After unprecedented growth in recent years, the regional economies need to prepare themselves for more challenging conditions, according to a report co-published yesterday by the Treasury. The document, an action plan for north-east England, said funding for new ventures had become harder to secure and businesses were reporting falling output ...
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ProLogis secures €264m loan for second European fund
ProLogis European Properties has secured a €264m (£214m) loan from Hypo Real Estate Bank International for the refinancing of a large central European logistics portfolio.
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OnlineMacklowe sells $1.5bn New York office
The fire sale of US property investor Harry Macklowe's assets continued today with the sale of a $1.5bn (£842m) office building in New York to US investor Paramount Group and German bank Allianz.
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NewsOlympic cyclist, Chris Hoy visits The Miller Group
The triple gold medal winner found the time to drop in on the Edinburgh headquarters of The Miller Group, following his astounding Beijing wins.
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Online
Starwood brings W hotel to London and Manchester
Starwood Hotels & Resorts Worldwide has signed up to make its UK debut for its W branded hotel in London and Manchester.
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Central and eastern European property company Atrium appoints COO
Atrium European Real Estate, the central and eastern European property company formerly called Meinl European Land, has appointed Nils-Christian Hakert as its chief operating officer.
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British Land subsidiary appointed to run Scottish office park
British Land subsidiary Broadgate Estates has been appointed to run Tritax Securities' £330m Maxim.
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Punch Taverns puts REIT conversion on hold and suspends dividend
Punch Taverns shares slumped this morning as it said it would not pay a final dividend and was delaying a REIT conversion to concentrate on maintaining the strength of the balance sheet.
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St George faces Ealing footpath dragon
St George’s plans for a 700 homes development in Ealing could be scuppered after the London council announced an inquiry into whether footpaths crossing the site should be closed to the public.
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Online
A&J Mucklow writes down £41.2m
A&J Mucklow has been hit by a 14.8% fall in net asset value after writing down its property portfolio by £41.2m.
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Online
Tenants drop green issues in favour of cheaper rents
Green issues have dropped to the bottom of London’s occupiers expectations in their decisions to lease new office space, research by Knight Frank has said.
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Electrial retailer DSGi attempts turnaround
Electrical retailer DSG international is set to open a large format store in the UK in the next few weeks as it attempts to turn the struggling business around.
