UK still tough says Grainger August 11, 2011 GRAINGER expects the UK property market to continue being affected by the subdued economy, and says that it is making good progress integrating the first three housing portfolios under its Lloyds RAMP agreement. The housebuilder said it had made £79.5m of sales in the four months to the end of July, and had a further [...]
Capital & Counties asset value boosted by Covent Garden site August 3, 2011 CAPITAL & Counties, the London focused property developer, posted a four per cent rise in the value of its assets, boosted by an increase in value of its Covent Garden estate. Net asset value per share rose four per cent to 154p, while pre-tax profit was up 28 per cent at £70.2m from £54.8m a [...]
City living: quit the commute September 22, 2011 BREAD Street, Poultry, Oat Lane – it doesn’t take a genius to guess that the City is about business. It’s certainly not the first place you imagine yourself living when you arrive in London. Indeed, the aldermen are trying to stop David Cameron’s attempts to turn it into a more residential area by relaxing planning [...]
RICS calls for more help for housing in the Budget February 16, 2011 THE ROYAL Institution of Chartered Surveyors called on the government to support the construction industry and housing in particular yesterday in its pre-Budget letter to the Treasury. RICS said the sector accounted for more than 1.4m jobs in the UK, and that VAT exemptions, more affordable homes and simpler government procurement is needed in the [...]
RICS calls for more help for housing in the Budget February 16, 2011 THE ROYAL Institution of Chartered Surveyors called on the government to support the construction industry and housing in particular yesterday in its pre-Budget letter to the Treasury. RICS said the sector accounted for more than 1.4m jobs in the UK, and that VAT exemptions, more affordable homes and simpler government procurement is needed in the [...]
A NIGHT TO CELEBRATE THE BEST OF THE CITY September 21, 2011 THE GRANGE Hotel in St Paul’s was the venue for last night’s second City A.M. awards ceremony, introduced by editor Allister Heath as “an evening of celebrating all that is good about the City”. Opening the event to the 500 City guests, Heath said: “It is vitally important that in a gloomy world where the [...]
Ireland eyes mortgage debt restructuring August 22, 2011 The Irish government is likely bring in legislation to restructure mortgage debts for thousands of troubled loanholders as it does not have the resources to fund a significant debt forgiveness programme, a junior minister has said. Ireland’s ruling coalition has promised to examine ways to ease the burden on mortgage holders struggling to cope with [...]
Ireland eyes mortgage debt restructuring August 22, 2011 The Irish government is likely bring in legislation to restructure mortgage debts for thousands of troubled loanholders as it does not have the resources to fund a significant debt forgiveness programme, a junior minister has said. Ireland’s ruling coalition has promised to examine ways to ease the burden on mortgage holders struggling to cope with [...]
PROPERTY NEWS March 3, 2011 HOUSE PRICE OPTIMISM RISES Nearly 50 per cent of people are “certain” house prices will rise over the next ten years and 26 per cent are “certain” they will go up in the next five years, according to a survey by LSE and estate agents John D. Wood. Home occupiers were more confident than renters, [...]
Europe’s rich flood London’s house market August 1, 2011 THE price of luxury homes in central London has jumped by almost 10 per cent in the past year, driven by demand from wealthy Europeans looking to invest outside of the troubled Eurozone economies. Prime London property prices have risen 9.6 per cent since July 2010, and are more than 28 per cent higher than [...]