US housing collapse: lessons for the UK May 26, 2009 IF you thought Britain’s house price collapse has been dramatic, wait until you look at America’s. The latest US house price figures reveal that the once booming city of Phoenix, Arizona, has suffered an astonishing 53 per cent collapse in prices since their peak in June 2006. Prices in Las Vegas are also down by [...]
Q&A: RENTING October 1, 2009 Q. Dear Louise, I wanted to sell my flat last year, but I couldn’t find a buyer and so I rented it out. Now the market is moving again, I think the time is ripe to sell, but I still have tenants in there. Is that a problem? A. The simple answer to your question [...]
FOCUS ON: BOW, E3 September 10, 2009 CHISENHALE ROAD, E3Price: £799,950This large three-bedroom house is located in a quiet residential street but within walking distance of the amenities of Victoria Park and Mile End Tube station. Set over three floors, the property has a spacious open-plan living room, family bathroom, separate shower room and a large kitchen. The rear garden backs onto [...]
US Beige book sees recovery September 9, 2009 HALF of the Federal Reserve’s 12 districts saw evidence that the US economy had improved by the end of August, although labour markets remained weak and retail sales were flat, a Fed report said last night. Dallas, Boston, Cleveland, Philadelphia, Richmond and San Francisco noted gains. “Most districts noted that the outlook for economic activity [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2009 FINANCIAL TIMES LOVELLS IN MERGER TALKS TO CREATE LEGAL FIRMLovells, the City law firm, was in talks on last night over a merger with Washington-based Hogan & Hartson aimed at creating a rare successful big transatlantic legal tie-up, said people familiar with the matter. The proposed deal would create a law firm with a strong [...]
Shaftesbury enjoys West End shoppers August 17, 2009 LANDLORD Shaftesbury said yesterday a record influx of overseas and domestic tourists has boosted tenants in its core West End market. The property firm which owns more than 450 properties in Theatreland, Chinatown and Carnaby Street, said it continued to see healthy demand for its shops, restaurants and residential accommodation. The group said that the [...]
Bovis Homes raises 60m in cash call September 3, 2009 HOUSEBUILDER Bovis Homes yesterday launched a £60m share placing to take advantage of depressed land values. Bovis said that its recent half year results showed it had maintained a net cash position of £7m despite the economic turmoil and it was beginning to see a number of opportunities to acquire land for development. The group [...]
Bovis Homes raises 60m in cash call September 3, 2009 HOUSEBUILDER Bovis Homes yesterday launched a £60m share placing to take advantage of depressed land values. Bovis said that its recent half year results showed it had maintained a net cash position of £7m despite the economic turmoil and it was beginning to see a number of opportunities to acquire land for development. The group [...]
Landbank drops its 250m LSE launch July 7, 2009 PROPERTY firm Landbank has abandoned plans for a £250m share listing on the London Stock Exchange (LSE), in favour of raising money privately. The recently-launched firm had been pencilled to complete an initial public offering (IPO) today, under plans to raise capital to buy vast swathes of residential land from distressed housebuilders at bargain prices. [...]
The property boss who can see the light at the end of the tunnel July 5, 2009 The airy offices of Knight Frank chairman Nick Thomlinson are as good a place as any to survey the wreckage of the property market over the last two years. So it can only be good news that the head of the UK’s largest privately-owned property business shows no sign of panic as he holds court [...]