The Spanish state will take control of Bankia bank

The Spanish state will take control of Bankia bank

10 May 2012

The Spanish state will take control of the fourth-biggest listed bank, Bankia, the government said Wednesday, as it races to shore up the bank's bad loan-ridden balance sheet. The state would take a 45-percent stake by converting a state-backed loan of 4.465 billion euros ($5.8 billion) into shares, "meaning it will take control", the economy [...]

Read the full story

Posted in Mediterranean0 Comments

Mortgage lending up 20% in February

20 April 2012

Rise in first-time buyer numbers behind overall increase in lending for house purchases, CML figures suggest Mortgage lending for house purchases was up by 20% year-on-year in February, but lenders said the increase may have been fuelled by changes to stamp duty rules in March rather than indicating a resurgence in market activity. A total [...]

Read the full story

Posted in UK & Ireland0 Comments

First rise in house prices for 20 months

02 April 2012

Prices rose 0.2% last month, according to a survey of 1,500 surveyors and agents by Hometrack. House Price in UK rose in March for the first time in 20 months, partly helped by increased activity ahead of the ending of the first-time-buyer stamp duty holiday.

Read the full story

Posted in UK & Ireland0 Comments

Rental property’s gravy train needs derailing

27 March 2012

The game of rent rises continues as estate agent figures show the value for let homes in Britain has soared 42% to £840bn. A side-effect of the Bank of England's monetary policies over the last four years has been to protect property values. Some of that can be seen in figures from the estate agents Savills, which says [...]

Read the full story

Posted in UK & Ireland0 Comments

Most sale of property in Venice are to overseas buyers

26 March 2012

Around 65% of luxury property sales in Venice are to foreign buyers and this figure has remained largely unchanged in the last decade, new research shows. French buyers account for the majority of purchases in the Venetian property market while interest from Russians, Eastern European and buyers from the Middle East have increased, new research [...]

Read the full story

Posted in Mediterranean0 Comments

Property prices in UK cities up 382% over past 25 years

20 March 2012

House prices in UK cities have risen by an average of 382% over the past quarter of a century from £35,209 in 1986 to £169,707 in 2011, research from the Halifax shows. This exceeds the increase of 347% for the UK as a whole over the period, the Halifax Cities Review which tracks house price [...]

Read the full story

Posted in UK & Ireland0 Comments

Property transactions at 18-month high as stamp duty holiday ends

17 March 2012

Royal Institution of Chartered Surveyors says estate agents expect stronger activity to translate into higher prices. Property  transactions are at their highest level for 18 months as first-time buyers seek to complete home purchases before the stamp duty holiday expires at the end of March. The latest snapshot of the residential property market from the Royal Institution of [...]

Read the full story

Posted in UK & Ireland0 Comments

Would a reduced house price deter you from buying?

17 March 2012

Some estate agents like to advertise property discounts to lure punters in, others think they put off would-be buyers. Where do you stand? When it comes to shopping I love a reduced sticker – it's always good to think you're getting a bargain. But I'm not quite sure how I feel when it comes to [...]

Read the full story

Posted in UK & Ireland0 Comments

Worker employment grows: An examination of latest development

08 March 2012

US hiring rise expected making job seeker happy Latest manpower reports say US employees are producing less. The lacking output of workers directly affects the new employment to meet with production shortage. Recent report states that it is now getting more difficult for the American employer to obtain more outcomes from the existing workers. This [...]

Read the full story

Posted in America0 Comments

Left behind the capital: how property market reveals a divided Britain

07 March 2012

In central London, the value of millionaires' houses is rising even faster than expected. In Hartlepool, it's a different story. It is a frenzy out there," says Tracy Kellett, a buying agent who searches London and the south-east for properties for her well-off clients. "I said prime London would go up 5% this year, but [...]

Read the full story

Posted in UK & Ireland0 Comments

Archives