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News related to economy

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 [South 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]
 
Consumer confidence in UK property market stable despite economic gloom
2011-12-27 11:20:59 [Europe]

Almost half of consumers in the UK feel that now is a good time to buy property as confidence in the housing market remains stable despite the gloomy economic outlook predicting that the country could be heading for a double dip recession.

Read full article: [Consumer confidence in UK property market stable despite economic gloom]
 
Australian property market set to be divided in 2012
2011-12-27 10:53:03 [Australasia]

Residential property markets in Australia have generally struggled for growth in 2011 with reduced buyer activity and decreased median house prices being recorded in all capital cities.
 

Read full article: [Australian property market set to be divided in 2012]
 
Economic pressures affecting global property markets
2011-12-07 08:40:44 [Europe]

Mounting pressure on the global economy and the eurozone crisis in particular is starting to have an effect on worldwide property markets, according to the latest Knight Frank Global House Price Index.

Read full article: [Economic pressures affecting global property markets]
 
Fears emerge of property price falls in China
2011-12-01 08:21:20 [Asia]

Property risks are overshadowing China's economic outlook as a slowdown in sales threatens to trigger developer collapses, according to the Organization for Economic Cooperation and Development.

Read full article: [Fears emerge of property price falls in China]
 
Residential property prices fall in Hong Kong amid economic outlook concerns
2011-11-14 09:28:10 [Asia]

Sentiment in the Hong Kong residential real estate sector was weaker last month because of global economic turmoil and continued problems in the eurozone, according to analysts.

Read full article: [Residential property prices fall in Hong Kong amid economic outlook concerns]
 
UK buy to let sector sees increased number of property loans granted
2011-11-10 10:41:51 [Europe]

The number of new buy to let loans granted in the UK increased by 16% in the third quarter of 2011, according to data published today (Thursday 10 November) by the Council of Mortgage Lenders.

Read full article: [UK buy to let sector sees increased number of property loans granted]
 
UK commercial property sector affected by slow economic performance
2011-11-07 11:07:41 [Europe]

Slow economic performance in the UK has been passed on to values in the commercial property sector through declining occupier demand, according to the latest IPD UK Quarterly Property Index.

Read full article: [UK commercial property sector affected by slow economic performance]
 
UK property prices edged up in October, according to latest Nationwide data
2011-11-01 10:54:30 [Europe]

Average residential property prices in the UK increased by 0.4% in October with the typical house now costing £165,650, according to the latest figures published today (Tuesday 01 November) by the Nationwide.

Read full article: [UK property prices edged up in October, according to latest Nationwide data]
 
Residential property prices in Ireland fall by 14.3% in the year to September
2011-10-26 10:19:38 [Europe]

Residential property prices in Ireland continued to collapse last month with the average home now worth almost half of its peak value.

Read full article: [Residential property prices in Ireland fall by 14.3% in the year to September]
 
Indices still showing a weak outlook for US housing market
2011-10-25 09:23:25 [North America]

The housing market in the United States continues to be very weak and is unlikely to improve in the near term, according to the August 2011 RPX monthly housing report from New York based Radar Logic.

Read full article: [Indices still showing a weak outlook for US housing market]
 
Poor economic outlook affecting property market in Portugal
2011-10-24 09:54:38 [Europe]

A weak economy and lack of lending is continuing to depress the residential property market in Portugal, according to the September RICS/Ci housing market survey published today (Monday 24 October).

Read full article: [Poor economic outlook affecting property market in Portugal]
 
Robust economy drives residential property demand in Oman
2011-10-10 10:40:12 [Middle East]

A robust economy is driving demand in the residential real estate sector in Oman, according to the quarter three report from surveyors and valuers Cluttons published today (Monday October 10).

Read full article: [Robust economy drives residential property demand in Oman]
 
Hard hit Nordic property markets showing signs of recovery
2011-10-05 08:41:25 [Europe]

Property transactions are increasing again in the Nordic countries of Denmark, Finland, Norway and Sweden but lack of lending is still holding the real estate market back, according to analysts.

Read full article: [Hard hit Nordic property markets showing signs of recovery]
 
Economic gloom drags down UK property market
2011-09-13 08:39:59 [Europe]

The economic gloom is now impacting on the residential property market which was subdued last month, according to the August 2011 UK Housing Market Survey from the Royal Institution of Chartered Surveyors published today (Tuesday 13 September).

Read full article: [Economic gloom drags down UK property market]
 



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