US home sales rise 2.7 per cent February 23, 2011 Sales of previously-owned US homes rose unexpectedly in January, but prices tumbled to the lowest in nearly nine years, a US industry group has said. The National Association of Realtors said sales climbed 2.7 per cent month on month to an annual rate of 5.36 million units from a downwardly revised 5.22 million pace. Compared [...]
US home sales rise 2.7 per cent February 23, 2011 Sales of previously-owned US homes rose unexpectedly in January, but prices tumbled to the lowest in nearly nine years, a US industry group has said. The National Association of Realtors said sales climbed 2.7 per cent month on month to an annual rate of 5.36 million units from a downwardly revised 5.22 million pace. Compared [...]
Osborne targets £4bn from tax avoidance clampdown March 23, 2011 TAX avoiders skipping stamp duty on property purchases and tax on trusts funded by employers were targeted yesterday as the chancellor aims to recover £4bn in lost tax revenue. The chancellor is clamping down on house buyers’ use of sub-sale relief, alternative financing schemes and exchange of land rules to avoid paying stamp duty of [...]
REVEALED: HOW RICHARD DESMOND FIRST DRUMMED UP NEW BUSINESS June 1, 2011 EVERYONE has to start somewhere. Even Richard Desmond, the media baron with a personal fortune of £950m who bought Channel Five last July with some spare change he found down the back of his sofa. Desmond started on the road to founding his media empire early – aged 13, in fact, when he took his [...]
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, [...]
UK property market stagnant February 23, 2011 The UK property market is still stalled, according to figures from the British Bankers’ Association. The BBA said mortgages approved by its members in January for home buyers were 29 per cent lower than a year ago. They approved just 28,932 loans for house purchase, although this was slightly higher than in December. Meanwhile property [...]
Grainger sales fall as it reshapes debt February 9, 2011 LANDLORD Grainer yesterday said its sales pipeline has dropped £20m year-on-year, and that it has taken steps to streamline its debt with a £100m facility with M&G Investments, an arm of Prudential. FTSE 250 member Grainger, the UK’s largest listed housing landlord, yesterday said that sales between October and January dropped 32 per cent by [...]
Lupus dodges housing woes to raise sales July 8, 2010 BUILDING products firm Lupus Capital shrugged off concerns over the state of the US housing market yesterday to reveal first half sales of £133m, up 14 per cent year-on-year. Shares in Lupus, which manufactures parts for doors and windows, bounced 7.28 per cent to 81p on the news. They had traded at a depressed level [...]
United Supporters Trust fury at Glazers £109m loss March 22, 2011 THE CHIEF EXECUTIVE of the Manchester United Supporters Trust, Duncan Drasdo, has accused the clubs owners of wasting money after the Glazers announced losses of £109m yesterday. The loss by Red Football Joint Venture, the family’s parent company that owns United, includes some one-off costs from setting up the £526m bond scheme last year to [...]
United Supporters Trust fury at Glazers £109m loss March 22, 2011 THE CHIEF EXECUTIVE of the Manchester United Supporters Trust, Duncan Drasdo, has accused the clubs owners of wasting money after the Glazers announced losses of £109m yesterday. The loss by Red Football Joint Venture, the family’s parent company that owns United, includes some one-off costs from setting up the £526m bond scheme last year to [...]