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 [...]
Posted in Mediterranean0 Comments
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 [...]
Posted in UK & Ireland0 Comments
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.
Posted in UK & Ireland0 Comments
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 [...]
Posted in UK & Ireland0 Comments
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 [...]
Posted in Mediterranean0 Comments
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 [...]
Posted in UK & Ireland0 Comments
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 [...]
Posted in UK & Ireland0 Comments
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 [...]
Posted in UK & Ireland0 Comments
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 [...]
Posted in America0 Comments
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 [...]
Posted in UK & Ireland0 Comments
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