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]
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]
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.
Overseas buyers are becoming increasingly interested in property in Greece as people expect prices to plummet if the country leaves the euro.
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 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]
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]
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]
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]
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]
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]
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.
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.
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]
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 putting off first time buyers in the UK despite the fact that mortgage cost have fallen below 2003 levels, new research shows.
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.
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]
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).
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]
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]
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]
A cooling property market in China could shave more than 2% off growth in the country in 2012, it is claimed.
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]
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]
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]
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 is set to tighten restrictions on foreign real estate investment, according to a statement from the Chinese Ministry of Commerce (MOC).
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]