Smaller is Striking for Berkeley
Berkeley reached a provisional stalemate on one of its London housing developments, earlier this year. The man charged with issuing licenses for the secure exclusion of bats from building sites had taken extensive sick leave and the project, was made to wait.
FSA to Launch New Regulations on Mortgage Subscription
The new ruling coming in from the Financial Services Authority, the homeowners subscribing mortgage rates will be given a security.
FSA proclaimed today, that it will be launching new regulations, operational from June 30, which will provide safety to the weak homeowners who suffer corrupt sales and fall in the trap of financial complexity.
Overseas Buyers Support House builder Berkeley
In the past year, overseas buyers hunting for a property bargain in London had helped support earnings at the British up market apartment developer Berkeley Group, the Company said.
US home sales face sharp fall
A survey suggests that the sales of pre-owned homes in US fell unexpectedly in May despite of tax credits designed to help the homebuyers.
The National Association of Retailers (NAR) has said that the sales have fallen down by 2.2% to 5.66 million dollars in the month of May after a surge in sales in April.
Mortgage Approval way towards stable market
This is the third consecutive month of inclination, where a total of 36,709 home loans had been permitted in May. But the figures were below the 27-month expectations which reached high during December 2009, derived out by the stamp duty holiday and severe cold weather.
Mortgage Approvals Highest This Month
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Statistics have revealed that this year, during May, the total number of mortgages accepted for house procures has risen to its peak level. According to the British Bankers' Association (BBA), this month, the major banks have approved more than 36,709 loans for people for purchasing a property.
Obama's foreclosure initiative proves futile
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There are signs that show the foreclosure initiative program started by the Obama administration has failed to click. Data released by the government just strengthens this view a bit more.
It showed that very few homeowners actually registered themselves for the program and many more are losing their mortgage aid.
House Sales Rise in UK
According to Rightmove, the sale of homes across the nation are rising rapidly in the wake of increment ion the Capital Gains Tax hike, as more and more people are trying to avoid the costs.
It said that that in the first half of 2010, the home sales have risen by 22%.
Banks' lending dives further
According to the recent reports via Bank of England and the Council of Mortgage Lenders, since after the three years credit crunch, the lending arena to business and homebuyers seems to be constrained and more expensive for the riskier borrowers.
Australia ranks as the fourth largest rowing property market in the world
The Australian property market is ranked as the fourth largest growing property market in the world, according to the Knight Frank, an international estate agent. Australia gained the spot despite a 20% hike in its property prices over the last year. The survey showed that the Asia Pacific region was reported as the biggest gainer in the house prices last year.
Hamptons Purchased by Countrywide
The up-markets agents Hamptons International has been purchased by Countrywide in a landmark agreement. The latter is known to be the leading estate agency chain global in the UK. This deal has taken place for an unrevealed sum and the acquirement has the right to spread across Europe and Asia.
After General Election, Less People Buy Property in UK
Bellway revealed today that the risk of an increase in taxes is preventing people from buying new houses.
According to the house builder, the people have a doubt over the Government’s plan to handle the increased expenditure. This has resulted in a small decrease in the rate of interest.
Affordable Houses Difficult to Find
As low as 100,000 houses to be built this year have been warned by the National Housing Federation (NHF) to the UK Government, and this will is the lowest number of houses built from nearly the past one hundred years.
Stringent Regulations of Letting Industry Scrapped- Government Criticized
Reports claim that the Government has been widely criticized, following its decision to withdraw plans for more stringent regulations of the letting industry.
The previous labor administration had introduced landlords register and new regulation of letting agents, and the same was widely appreciated.
Hammerson Pays £65m for the Landmark Leadenhall Court
After the disintegration of a fund supported by the Syrian property major tycoon, Simon Halabi, Hammerson has finally paid £65m for the “landmark building” in London's financial district.
Bovis and Woolwich Provide Mortgage at 4.99%
Woolwich, the mortgage supplier wing of Barclay, will now be providing fixed rate mortgages with deposits of up to 10% to those who wish to purchase assets from Bovis Homes.
The mortgage rate has been stabilized to be 4.99% for lending of up to 90% LTV. It also meets the Bank of England base rate of 2.49% , being commensurate with 2.99% of the present day base rate.
Merger Talks Run Into Trouble
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The proposed merger between F&C Commercial Property Trust (FCPT) and the UK Commercial Property Trust (UKCPT) has run into trouble. This is even after the merger has the backing of Friends Provident and Phoenix, the largest shareholders.
Distressed Sales Predicted to Affect the Market by RICS
A recent survey revealed that property industry predicts an intense increase in distressed asset sales and this in turn can affect the market revival.
The survey was conducted by Royal Institution of Chartered Surveyors.
Tasmania's Building Approvals & Population Grew Even in Financial Crisis
At times when the world was facing worst of the global financial crisis, Tasmania's building approvals and population experienced healthy growth rates, according to a new report.
Brighton, Sorell and Latrobe have been identified as possessing the strongest housing activity, revealed the Housing Industry Association's 2008-2009 Building and Population Hotspots Report.
Rise in Mortgage Prices; Enhances Growth Period
A new report said that the amount of mortgage products has surpassed over 3,000 in the market. Since July 2009, the number of services has risen up to 42%, according to a survey from moneysupermarket.com.