Real Estate & Property Investment News in United Kingdom from Propertyshowrooms.com

Gordon Brown pledges to lift home lending

Fri, 28 Nov 2008 00:00:00 GMT

The prime minister assures leaders of the UK housing and building sectors that the government is working on a credit guarantee scheme to kick-start the mortgage market...

PreBudget report could boost overseas property sales

Fri, 28 Nov 2008 00:00:00 GMT

Alistair Darling's plan to increase tax rates for the UK's higher earners is likely to result in a growing number of people buying overseas property, it has been claimed.

Revealing his...

Hopes rise for deep ECB rate cut

Fri, 28 Nov 2008 00:00:00 GMT

A steep fall in eurozone inflation and a rise in the jobless rate raises hopes that the ECB will cut rates sharply next week...

Investor buys entire street at cut prices

Thu, 27 Nov 2008 00:00:00 GMT

Fund managers are taking advantage of the sharp downturn in house prices to buy cheap properties from struggling buy-to-let landlords and distressed homeowners...

Helical ‘genuinely excited’ about buying opportunities

Thu, 27 Nov 2008 00:00:00 GMT

Helical Bar said today it was ‘genuinely excited’ about the once-in-a-lifetime opportunities the severe property downturn would present...

Muse finally signs for Swindon's £350m Union Square

Thu, 27 Nov 2008 00:00:00 GMT

Muse Developments has signed a development agreement to deliver the £350m Union Square mixed-use scheme in Swindon town centre, Wiltshire...

House Price Falls Slowing... A Bit

Thu, 27 Nov 2008 00:00:00 GMT

The rate at which house prices are falling has eased "significantly" this month...

Individual landlords "should be encouraged"

Thu, 27 Nov 2008 00:00:00 GMT

Landlords who do not use the services of estate agents should be encouraged rather than "pushed under the carpet", a property expert has stated...

FSA raises deposit protection in building society mergers

Thu, 27 Nov 2008 00:00:00 GMT

LONDON (Reuters) - The FSA said it had changed its rules so as to prevent building society mergers from diluting savers' deposit protection...

Europe to set out economic plans

Wed, 26 Nov 2008 00:00:00 GMT

EU member states are being urged to sign up to an economic recovery plan proposed by the European Commission...

Europe announces 200bn-euro plan

Wed, 26 Nov 2008 00:00:00 GMT

The European Commission unveils an economic recovery plan, which will total 200bn euros (£170bn), 1.5% of the EU members' GDP...

US house prices drop is biggest in 40 years

Tue, 25 Nov 2008 00:00:00 GMT

The price of previously owned homes in the US fell in October by the biggest amount in at least 40 years and the volume of sales also dropped, in a sign of the still...

A missed chance to reform Reits and boost investment

Tue, 25 Nov 2008 00:00:00 GMT

The government missed an obvious trick yesterday by overlooking reforms to the real estate investment trust (Reit) regime, such as residential and unlisted vehicles...

Fall in advisory costs not likely to spur home sales

Tue, 25 Nov 2008 00:00:00 GMT

Investors are set to benefit from lower fees for managing their finances after the cut in VAT. Charges for fee-based financial advisers, estate agents, tax planners...

Extra support for those struggling to pay mortgages

Tue, 25 Nov 2008 00:00:00 GMT

Homeowners facing repossession or struggling to meet mortgage payments after losing their jobs will receive extra support from the government following yesterday's...

Reprieve on empty properties attacked

Tue, 25 Nov 2008 00:00:00 GMT

A partial holiday for a tax on empty properties has been criticised by business amid furious campaigning against the imposition of business rates for unoccupied buildings...

Cautious backing for £900m housing plan

Tue, 25 Nov 2008 00:00:00 GMT

A £900m package to insulate people’s lofts, give sub-standard homes new bathrooms and kitchens and repair crumbling council homes was announced by the Chancellor yesterday...

Darling defends tax and borrowing plans

Tue, 25 Nov 2008 00:00:00 GMT

LONDON (Reuters) - Chancellor Alistair Darling defended plans on Tuesday to borrow billions of pounds to help the country out of recession as opposition Conservatives said people earning more than 19...

Mortgage approvals approach record low

Tue, 25 Nov 2008 00:00:00 GMT

LONDON (Reuters) - Mortgage approvals for house purchase more than halved in October compared with a year earlier, coming with a whisker of the record low hit in August, the British Bankers' Associati...

Pre-budget statement only offers modest relief for UK property market

Tue, 25 Nov 2008 00:00:00 GMT

The UK government's pre-budget report published yesterday is unlikely to have much impact for property owners and the real estate market, it is claimed...

Mortgage lending feels the strain

Tue, 25 Nov 2008 00:00:00 GMT

The number of mortgages approved for house purchases in October by top UK banks fell 52% from a year ago, banks say...

Tories attack 'reckless' Darling

Tue, 25 Nov 2008 00:00:00 GMT

Alistair Darling defends his pre-Budget as the Conservatives accuse him of taking "huge risks" with the UK economy...

UK to suffer 'severe' recession

Tue, 25 Nov 2008 00:00:00 GMT

The OECD says that the UK will suffer a deeper recession than any other major economy in 2009...

King Urges Bank Lending Return

Tue, 25 Nov 2008 00:00:00 GMT

Alistair Darling's £20bn budget gamble has got the backing of the Governor of the Bank of England...

Buy-to-let show reveals investment benefits

Tue, 25 Nov 2008 00:00:00 GMT

Landlords are in a great position to purchase new properties providing they carry out thorough research prior to making a purchase, it has been claimed...

Barclays sees £7bn plan approved

Mon, 24 Nov 2008 00:00:00 GMT

Barclays shareholders vote overwhelmingly in favour of a plan to raise £7bn, mainly from investors in the Middle East...

Asian property funds sitting on $10bn unspent capital

Sun, 23 Nov 2008 00:00:00 GMT

Hoarders guard cash as they wait for a sharper downturn in the region's real estate market...

HBOS forced to recapitalise Kenmore

Fri, 21 Nov 2008 00:00:00 GMT

HBOS has helped to recapitalise Kenmore Property Group, one of its major real estate partners, after a £500m joint venture breached debt covenants owing to the...

Downturn hits £30bn efficiency savings plan

Fri, 21 Nov 2008 00:00:00 GMT

Falling property prices and the credit crunch will hit parts of the government's plan to save more than £30bn through efficiency savings over the next few years,...

Mortgage debt forces thousands to sell up

Fri, 21 Nov 2008 00:00:00 GMT

More than one in five homes on the market are there because their owners cannot afford the mortgage repayments, The Times has learnt...

Banks 'must kick-start lending'

Fri, 21 Nov 2008 00:00:00 GMT

Banks must start lending again to households and businesses, or face being named and shamed, the Treasury Select Committee chairman says...

London Mayor's housing strategy will ease burden on developers

Fri, 21 Nov 2008 00:00:00 GMT

The Mayor of London has been praised for announcing a £5 billion investment plan to support the capital's housing market over the next three years...

Property repossessions up by 12%

Fri, 21 Nov 2008 00:00:00 GMT

The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year...

October sees mortgage lending increase

Fri, 21 Nov 2008 00:00:00 GMT

Mortgage lending rose seven per cent to £18.7 billion in October, although figures are still down compared to a year ago...

'Cut rates further' NAEA urges

Fri, 21 Nov 2008 00:00:00 GMT

The NAEA has called for another interest rate cut after the majority of its members expressed disappointment over current government housing policies...

London property market to get "timely boost"

Fri, 21 Nov 2008 00:00:00 GMT

Boris Johnson has outlined a £5 billion plan to stimulate London's property market and boost construction in the capital...

House builders want radical action to boost property market

Fri, 21 Nov 2008 00:00:00 GMT

House builders are calling for radical action to help boost the property and construction industries in the UK...

Home repossessions rise as credit crunch bites

Fri, 21 Nov 2008 00:00:00 GMT

LONDON (Reuters) - Lenders took possession of 11,300 homes in the third quarter, up from 10,100 in the second despite government efforts to make home repossessions a last resort, the Council of Mortgagage...

‘Perfect time to invest’ in UK, ING tells institutions

Fri, 21 Nov 2008 00:00:00 GMT

Chief investment officer Ian Whittock tells investors UK is ‘opportunity of the decade’ Nick Duxbury, Property Week - 21 Nov 2008 Institutional investors should return to the UK property market because...

British Land eyes succession as NAV plunges

Thu, 20 Nov 2008 00:00:00 GMT

Chris Gibson-Smith, executive chairman of British Land, said the property company had 'seen a wide range of candidates' to replace Stephen Hester, its former chief executive who takes up his new...

Fidelity to shed hundreds of UK staff

Thu, 20 Nov 2008 00:00:00 GMT

Fidelity International is cutting several hundred jobs from its UK operations as deteriorating investment markets take their toll on the group’s revenues and profitability...

Lloyds investors back HBOS rescue

Thu, 20 Nov 2008 00:00:00 GMT

Lloyds TSB investors have overwhelmingly backed the bank’s controversial rescue of HBOS and its plans to raise £5.5bn of capital despite some shareholders voicing concerns...

Recession fears hit stock markets

Thu, 20 Nov 2008 00:00:00 GMT

European and Asian markets fall sharply amid growing concerns that the world economy will enter a protracted slump...

Mortgage Lending Rises In October

Thu, 20 Nov 2008 00:00:00 GMT

Mortgage lending rose by 7% in October, according to latest figures released today...

October mortgage lending picks up

Thu, 20 Nov 2008 00:00:00 GMT

Mortgage lending rose by nearly 7% during October, figures from the Council of Mortgage Lenders show...

Investors 'set to benefit' from fall in construction

Thu, 20 Nov 2008 00:00:00 GMT

A fall in construction rates could benefit investors as demand increases over the coming years, it has been claimed...

Tax-cut gamble will let Britain buy now – but we’ll certainly pay later

Thu, 20 Nov 2008 00:00:00 GMT

On Monday Alistair Darling delivers the most important Budget statement in a generation. Today we examine the health of the nation’s finances and the outlook for key social services Gary Duncan...

Landlord Accreditation Scheme launched

Thu, 20 Nov 2008 00:00:00 GMT

As Dorothy said there is no place like home and having a safe, comfortable home is a priority for everyone. With this in mind the Welsh Assembly Government and Cardiff Council, supported by the 21...

Fewer Homes Being Built Than Ever

Thu, 20 Nov 2008 00:00:00 GMT

The number of new homes being built in England has slumped to a record low...

UK govt urged to make commercial property rate changes in pre-budget report

Thu, 20 Nov 2008 00:00:00 GMT

The government is coming under increased pressure to abolish the empty property rates in the UK when it announces its pre-budget statement on Monday...