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News related to economy

Strong economic growth in the US set to boost commercial real estate sectors
2014-09-05 15:24:40 [North America]
The strong rebound in economic growth in the United States during the second quarter of this year and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, it is claimed.Read full article: [Strong economic growth in the US set to boost commercial real estate sectors]
 
Property prices up by 1% in the European Union, latest index shows
2014-07-10 14:45:39 [Europe]
House prices increased by 1% in the European Union in the first quarter of this year compared with the fourth quarter of 2013.Read full article: [Property prices up by 1% in the European Union, latest index shows]
 
Economists signal that Spanish property market is on the verge of recovery
2014-06-03 14:08:14 [Europe]
The downward trend in the property market in Spain is drawing to a close and it is unemployment that is hindering a full recovery, according to the International Monetary Fund.Read full article: [Economists signal that Spanish property market is on the verge of recovery]
 
UK home owners expecting interest rates to rise
2014-05-19 08:50:17 [Europe]
Home owners in the UK were already anticipating a rise in interest rates before the governor of the Bank of England warned that the property market is in danger of overheating.Read full article: [UK home owners expecting interest rates to rise]
 
Independence debate having no effect on improving Scottish property market
2014-03-20 10:20:09 [Europe]
Scottish house prices have so far shown no negative response to the independence debate with prices up 1.1% in January, the largest monthly increase for over four years.Read full article: [Independence debate having no effect on improving Scottish property market]
 
UK average asking prices up 3.3% month on month, latest index shows
2014-03-19 15:34:31 [Europe]
New sellers have helped push up property prices in the UK, with the average asking price seeing a rise of 3.3% or £8,103 last month, according to the latest data from Rightmove. Read full article: [UK average asking prices up 3.3% month on month, latest index shows]
 
Mainstream global house prices up 8.4% in 2013, latest index shows
2014-03-17 13:33:04 [Global News]
Global house prices saw record growth in 2013 and are mirroring the upturn in the global economy, according to the latest index report from Knight Frank.
Read full article: [Mainstream global house prices up 8.4% in 2013, latest index shows]
 
Housing market recovery in Ireland continues and prices expected to keep climbing
2014-02-28 14:10:36 [Europe]
In the year to January residential property prices in Ireland at a national level increased by 6.3%, indicating that the residential real estate market is recovering.
Read full article: [Housing market recovery in Ireland continues and prices expected to keep climbing]
 
Property prices expected to fall further in Italy this year
2014-02-24 17:34:18 [Europe]
Property prices in Italy are expected to fall further in 2014 with a weak domestic economic outlook affecting the residential real estate market.Read full article: [Property prices expected to fall further in Italy this year]
 
Turkey set to continue to attract foreign buyers next year
2013-11-27 16:49:45 [Europe]
New rules governing property ownership in Turkey have made the country increasingly attractive to foreign and laying the foundations for continued growth in the property market in 2014, it is claimed.Read full article: [Turkey set to continue to attract foreign buyers next year]
 
Economists not worried about prospects of a UK property price bubble
2013-08-15 11:17:41 [Europe]
Economists believe that the UK could find itself with a property price bubble but they are not too concerned about it as the economic recovery is looking more sustainable, according to a new poll.Read full article: [Economists not worried about prospects of a UK property price bubble]
 
Spanish property market moving towards recovery
2013-07-22 13:39:28 [Europe]
With Spain claiming to be out of recession, the country’s real estate market could be getting back on track and moving towards recovery with one estate agent expecting sales to increase in 2013.
Read full article: [Spanish property market moving towards recovery]
 
Small builders in the UK reporting more positive workloads
2013-07-08 16:21:30 [Europe]
Overall builders' workloads across Britain have begun to increase for the first time since the economic downturn began, according to the latest research from the Federation of Master Builders (FMB).Read full article: [Small builders in the UK reporting more positive workloads]
 
Weakness in Australia’s residential construction industry set to continue says HIA
2013-07-03 05:52:37 [Australasia]
The Reserve Bank of Australia’s decision to keep the official cash rate on hold at 2.75% reduces the potential for residential building activity to support the national economy, it is claimed.Read full article: [Weakness in Australia’s residential construction industry set to continue says HIA]
 
Cyprus property prices likely to fall even further due to banking crisis
2013-03-27 10:27:58 [Europe]

Cash buyers interested in bargain properties could start looking to Cyprus where the prices of homes have been falling for years and are likely to continue downwards due to the island’s banking crisis.
Read full article: [Cyprus property prices likely to fall even further due to banking crisis]
 
UK property industry wants Chancellor to boost property construction
2013-03-18 10:53:00 [Europe]

The British Chancellor of the exchequer, George Osborne, is being urged by the property industry to increase the building of new homes and take positive moves to boost the real estate markets when he issues his new Budget this week.
Read full article: [UK property industry wants Chancellor to boost property construction]
 
Economic progress in Africa increases demand for good quality projects in major cities
2013-02-12 13:44:35 [Africa]

Demand for high quality residential and commercial property continues to grow across Africa on the back of the continent’s sustained strong economic growth and rising wealth.
Read full article: [Economic progress in Africa increases demand for good quality projects in major cities]
 
Economist bullish on US property market, predict price rise of 2.3% for 2012
2012-09-21 14:39:50 [North America]

US Economists expect home prices to rise by a total 2.3% during 2012, and overall have become more bullish on home prices than they were in the second quarter, according to a survey.

Read full article: [Economist bullish on US property market, predict price rise of 2.3% for 2012]
 
Lack of finance is imposing a straitjacket on the UK housing industry, it is claimed
2012-08-03 11:36:41 [Europe]

The UK housing industry is facing serious headwinds, both immediate and long term with a lack of finance imposing a straitjacket, according to a new report from property consultants Jones Lang LaSalle.

Read full article: [Lack of finance is imposing a straitjacket on the UK housing industry, it is claimed]
 
Accountant say UK property market is stuck in slump
2012-07-13 14:42:06 [Europe]

The UK’s residential property market is stuck in a slump and it faces another 12 years before prices recover to the peak values of 2007, according to leading accountants PricewaterhouseCoopers.

Read full article: [Accountant say UK property market is stuck in slump]
 
Number of residential property tenants in arrears in the UK surpasses 100,000
2012-07-04 16:00:52 [Europe]

The number of residential property tenants in severe financial difficulty in the UK climbed by 8% in the second quarter of 2012, with over 7,000 more tenants over two months in arrears than in the first three months of 2012.

Read full article: [Number of residential property tenants in arrears in the UK surpasses 100,000]
 
Overseas bargain hunters poised ready to snap up cheap property in Greece
2012-06-07 10:45:35 [Europe]

Overseas buyers are becoming increasingly interested in property in Greece as people expect prices to plummet if the country leaves the euro.

Read full article: [Overseas bargain hunters poised ready to snap up cheap property in Greece]
 
Fears of a double dip recession won’t hit the property market too much, experts say
2012-05-04 17:08:05 [Europe]

A double dip recession in the UK is unlikely to markedly affect the country’s real estate market, according to national estate agents Strutt & Parker.

Read full article: [Fears of a double dip recession won’t hit the property market too much, experts say]
 
Home affordability in the UK at its best for almost a decade, research shows
2012-04-03 08:56:06 [Europe]

Home affordability in cities in the UK is at its most favourable in nearly a decade, according to the latest Lloyds TSB Affordable Cities Review.

Read full article: [Home affordability in the UK at its best for almost a decade, research shows]
 
Economist revise US house price rise expectations downward
2012-03-22 14:17:53 [North America]

Economists in the US expect home prices to fall 0.7% 2012, which is more negative than their previous expectation of a 0.2% decline, according to the March Zillow Home Price Expectations Survey.

Read full article: [Economist revise US house price rise expectations downward]
 
Bank of England expert predicts future UK property boom
2012-03-20 08:38:40 [Europe]

An ageing population and an increasing number of immigrants are set to fuel a property price boom in the UK, it is claimed.

Read full article: [Bank of England expert predicts future UK property boom]
 
Views on UK housing market brighten but job fears increase says BSA
2012-03-19 10:14:35 [Europe]

UK buyers and sellers are more upbeat about the outlook for the property market but this is offset by rising fears over job security, according to the latest quarterly survey by the Building Societies Association.

Read full article: [Views on UK housing market brighten but job fears increase says BSA]
 
Property bubble and burst unlikely in Brazil
2012-03-16 09:39:08 [Latin America]

With prices continuing to rise in Brazil and the country’s economy booming there is concern that something might crash at some point but real estate experts do not believe that the property market will burst.

Read full article: [Property bubble and burst unlikely in Brazil]
 
UK property industry will try to meet green targets, seminar hears
2012-03-06 11:57:14 [Europe]

The UK property industry will strive to meet government sustainability targets despite the prolonged economic turndown, property industry leaders told a MIPIM event today (Tuesday 06 March).

Read full article: [UK property industry will try to meet green targets, seminar hears]
 
Positive economic outlook set to boost tourism and real estate on Cape Verde
2012-02-17 15:40:51 [Africa]

The economy in Cape Verde is expected to rise 7.1% by 2013 from 5.6% in 2011, according to the International Monetary Fund which experts believe will foster growth in the real estate sector.
Read full article: [Positive economic outlook set to boost tourism and real estate on Cape Verde]
 
UK govt announces £20 million for safety net against residential property repossession
2012-02-10 08:50:56 [Europe]

UK Housing Minister Grant Shapps has announced a new £20 million safety net to help ensure that mortgage repossession remains the last resort for struggling home owners.

Read full article: [UK govt announces £20 million for safety net against residential property repossession]
 
Mixed effects for increased quantitative easing on UK property market
2012-02-09 16:36:32 [Europe]

The decision today (Thursday 09 February) by the Bank of England’s Monetary Policy Committee to increase quantitative easing in the UK has been met with a mixed response by property experts.

Read full article: [Mixed effects for increased quantitative easing on UK property market]
 
UK property repossessions decreased in 2011, the latest figures show
2012-02-09 14:04:48 [Europe]

The total number of properties taken into possession by first charge mortgage lenders in 2011 was 36,200, the lowest annual total since 2007, according to new data from the Council of Mortgage Lenders.

Read full article: [UK property repossessions decreased in 2011, the latest figures show]
 
Most Brits confident about the UK property market, research finds
2012-02-06 09:41:11 [Europe]

More people in the UK expect house prices to rise than fall in 2012, according to the third Halifax Housing Market Confidence Tracker that monitors public sentiment towards the housing market.

Read full article: [Most Brits confident about the UK property market, research finds]
 
Rising living costs are hampering first time buyers in the UK, research shows
2012-02-02 13:19:55 [Europe]

Rising living costs are putting off first time buyers in the UK despite the fact that mortgage cost have fallen below 2003 levels, new research shows.

Read full article: [Rising living costs are hampering first time buyers in the UK, research shows]
 
Chelsea announces the UK’s lowest ever five year deal mortgage deal
2012-02-01 15:33:05 [Europe]

Chelsea Building Society said it is continuing in its aim to offer borrowers the most competitive mortgage deals with the lowest ever five year fixed rate deal.

Read full article: [Chelsea announces the UK’s lowest ever five year deal mortgage deal]
 
UK housing minister unveils details of new build plans
2012-02-01 14:24:52 [Europe]

Housing Minister Grant Shapps today (Wednesday 01 February) highlighted how the government's action to get Britain building again will play a vital and central role in getting the country's economy on the road to recovery.

Read full article: [UK housing minister unveils details of new build plans]
 
UK property prices decline by 0.2% in January
2012-02-01 13:30:35 [Europe]

Residential property prices in the UK fell by 0.2% in January but are 0.6% higher than a year ago, according to the latest house price index from the Nationwide Building Society published today (Wednesday 01 February).

Read full article: [UK property prices decline by 0.2% in January]
 
Many British people are confident about the UK property market, research reveals
2012-01-27 09:11:39 [Europe]

Despite the current gloomy economic outlook British people are relatively confident about the property market, according to new research published today (Friday 27 January).

Read full article: [Many British people are confident about the UK property market, research reveals]
 
A quarter of all global property investment can be found in just five cities, research shows
2012-01-26 12:21:36 [Europe]

More than half of all global real estate investment resides in just 30 cities and a quarter is in the five top tier cities of London, Tokyo, New York, Hong Kong and Paris, new research shows.

Read full article: [A quarter of all global property investment can be found in just five cities, research shows]
 
Eurozone debt cloud hangs over UK property investment
2012-01-26 09:37:47 [Europe]

Debt concerns in the eurozone remain a risk for UK property investments despite 2011 exceeding expectations, according to consultants.

Read full article: [Eurozone debt cloud hangs over UK property investment]
 
Slowing Chinese property market set to have more of an impact than expected
2012-01-25 09:12:27 [Asia]

A cooling property market in China could shave more than 2% off growth in the country in 2012, it is claimed.

Read full article: [Slowing Chinese property market set to have more of an impact than expected]
 
Mortgage lending still tough in UK as latest figures show loans fell in December
2012-01-23 09:57:48 [Finance Update]

Gross mortgage lending in the UK in December was an estimated £11.7 billion, according to the latest figures published today (Monday 23 January) by the Council of Mortgage Lenders.
 
Read full article: [Mortgage lending still tough in UK as latest figures show loans fell in December]
 
US housing market recovery is on its way, but slow, analysis suggests
2012-01-20 13:14:16 [North America]

While 2011 was clearly a challenging year for the residential property market in the United States, there is a lot to be positive about looking ahead to 2012.

Read full article: [US housing market recovery is on its way, but slow, analysis suggests]
 
Fewer UK property businesses went bust in 2011, research shows
2012-01-19 09:30:26 [Europe]

The UK property sector had a better end to the year in 2011 but faces considerable challenged in 2012, according to an analysis by accountants Pricewaterhouse Cooper.

Read full article: [Fewer UK property businesses went bust in 2011, research shows]
 
Outlook for UK commercial property hit by economic uncertainty
2012-01-12 10:15:10 [Europe]

Falling occupier demand and increasing availability drove down commercial property rental expectations in the final quarter of 2011, according to the latest UK Commercial Market Survey from the Royal Institution of Chartered Surveyors.

Read full article: [Outlook for UK commercial property hit by economic uncertainty]
 
Central London lettings market hit by weak economy
2012-01-09 14:26:39 [Europe]

The weak UK economy is impacting on rental prospects in the London lettings market but is likely to be contained by supply and demand fundamentals, it is claimed.

Read full article: [Central London lettings market hit by weak economy]
 
China considering property restrictions for foreign buyers
2012-01-05 10:28:00 [Asia]

China is set to tighten restrictions on foreign real estate investment, according to a statement from the Chinese Ministry of Commerce (MOC).

Read full article: [China considering property restrictions for foreign buyers]
 
Mixed outlook ahead for private lettings sector in UK in 2012
2011-12-29 10:36:53 [Europe]

The private rented property sector in the UK is facing a mixed outlook in 2012 but such challenging conditions may spark improvement in standards, according to the Association of Residential Lettings Agents (ARLA).

Read full article: [Mixed outlook ahead for private lettings sector in UK in 2012]
 
Poor property sales market in Portugal boosting lettings
2011-12-29 10:17:46 [Europe]

The property rental market in Portugal is surging due to strong demand as the country’s sales market remains downbeat, according to the November Portuguese Housing Market Survey.

Read full article: [Poor property sales market in Portugal boosting lettings]
 



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