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May 31, 2008
Northern Rock to increase debt management staff
Permalink: Northern Rock to increase debt management staff
by Lin Freestone
An internal memo issued by Northern Rock to update staff during the consultation process, has been seen by the BBC. The document indicates that the bank is planning to more than double the number of people who work in its ...
May 30, 2008
Investment in speculative office development in Oldham
Permalink: Investment in speculative office development in Oldham
by Lin Freestone
A speculative, five-storey office development in Oldham is receiving investment from a specialist Manchester property fund.
Work has just begun on the 35,000 sq ft project, which is being developed by the Greater Manchester Property Venture Fund, with European Union funding. ...
May 29, 2008
Warrington office block changes hands for £1.5m
Permalink: Warrington office block changes hands for £1.5m
by Lin Freestone
The sale today of a Warrington office block for £1.5m indicates that, despite a lower volume of investment transactions, there is still a good market for well-let, good quality product.
Let to Wates Construction on a 10-year lease for a rental ...
House prices record largest monthly fall since 1991
Permalink: House prices record largest monthly fall since 1991
by Kay Murchie
According to the Nationwide building society’s latest monthly survey, UK house prices fell 2.5% in May - the largest monthly fall for 17 years.
It was the seventh consecutive monthly fall, making it the longest consecutive period of decline ...
Tenants misguided over contents insurance
Permalink: Tenants misguided over contents insurance
by Gill Montia
Independent letting agent, Leaders, is raising awareness about landlord and tenant insurance.
According to the organisation, tenants who do not have contents insurance are frequently under the impression that their possessions are covered by their landlord’s insurance.
While this is possible, it is rarely ...
First half loss depite rise in rental values
Permalink: First half loss depite rise in rental values
by Lin Freestone
Shaftesbury, the property group that invests only in those districts within the West End of London which have an enduring demand from occupiers, has recorded a pre-tax loss of £93.6m for the first half to the end of March ...
Global markets beginning to feel affects of subdued demand
Permalink: Global markets beginning to feel affects of subdued demand
by Lin Freestone
The latest survey of the global commercial property sector from the Royal Institution of Chartered Surveyors (Rics) indicates that demand for commercial property fell for the first time in four years during the first quarter of 2008.
Of ...
End to the fall in commercial property values in sight?
Permalink: End to the fall in commercial property values in sight?
by Lin Freestone
Is the slump in the UK commercial property market drawing to a close? Optimists see a levelling off, the floor in the market having been reached.
Following the 17% fall in the Investment Property Databank which has occurred ...
UK homeowners fall behind with mortgage repayments
Permalink: UK homeowners fall behind with mortgage repayments
by Kay Murchie
Over 20% of sub-prime homeowners in the UK have mortgage arrears of more than 30 days according to Standard and Poor's first quarter report.
Standard and Poor's Ratings Services' total delinquency index rose to 21.73% in the first quarter of the ...
May 28, 2008
US property prices show 14.4% annual decline
Permalink: US property prices show 14.4% annual decline
by Gill Montia
Property speculators waiting on the US market for the right moment to invest will need to remain patient.
According to the S&P/Case-Shiller 20-city home price index, prices continued to fall in March, taking the annual decline to 14.4%.
Between March ...
Homeowners not learned lesson from 1990s
Permalink: Homeowners not learned lesson from 1990s
by Kay Murchie
Research from AXA has revealed that current UK homeowners are more at risk of falling into mortgage arrears or having their home repossessed.
The insurance giant said the majority of homeowners have no protection in place to guard against possible financial hardship.
The ...
Regular boiler inspection reminder for landlords
Permalink: Regular boiler inspection reminder for landlords
by Lin Freestone
All owners, landlords, tenants or occupiers should be aware of the risks of carbon monoxide poisoning and regularly monitor their installation.
This stark reminder results from the death of a six-year-old girl who died from carbon monoxide poisoning as a result of ...
May 27, 2008
Casual landlords need serious approach
Permalink: Casual landlords need serious approach
by Gill Montia
Buy-to-let lender, Paragon, is alerting so called casual landlords to the complexities of entering the rental market.
Homeowners who need to relocate but are unable or unwilling to sell in the current property market downturn are increasingly turning to the rental market for ...
Prospective buyers in ‘wait and see’ mode as house prices continue to fall
Permalink: Prospective buyers in ‘wait and see’ mode as house prices continue to fall
by Kay Murchie
Housing intelligence firm, Hometrack, has revealed that house prices have fallen for the eight consecutive month.
Average prices were down by 0.5% over the month of May, following a 0.6% fall in April. On a ...
OFT requested to investigate anti-competitive practices by Rightmove
Permalink: OFT requested to investigate anti-competitive practices by Rightmove
by Kay Murchie
Homes Matter, an organisation set up to help sellers and buyers cut moving costs and reduce energy bills, has been told by Rightmove that it will not be allowed to advertise its services.
As energy prices increase and house prices ...
Hacienda.co.uk launches new and improved website
Permalink: Hacienda.co.uk launches new and improved website
by Kay Murchie
Property search website, Hacienda.co.uk, has now launched its new and improved website - and claims it is set to become the UK’s most user-friendly property website.
The newly-established company has experienced huge growth and development since its launch last December.
Research discovered that ...
52% fall in commercial property deals
Permalink: 52% fall in commercial property deals
by Lin Freestone
Investors are in a cautious mood, according to research carried out by Cushman & Wakefield.
The property adviser has reported that the volume of property deals in the UK fell by 52% in the first quarter of the year, compared with ...
Online agency aims to offer better value and choice
Permalink: Online agency aims to offer better value and choice
by Lin Freestone
Homes Matter, an online estate agent, is bringing together organisations from across several industries to provide better value and choice to homeowners.
The partners in the initiative include an energy supplier, leading energy efficiency installers, and home inspector and ...
May 26, 2008
Carter Jonas in merger talks
Permalink: Carter Jonas in merger talks
by Lin Freestone
At a time of consolidation in the property profession, Carter Jonas, a multi-disciplinary property consultancy, has been holding discussions with Newbury-based Dreweatt Neate concerning a possible merger of the two firms.
With headquarters in London’s Mayfair, Carter Jonas is a national firm ...
Recent auction in North West affected by credit crunch
Permalink: Recent auction in North West affected by credit crunch
by Lin Freestone
Sutton Kersh, one of the largest independent property agents in Merseyside, has raised more than £4.5m from its latest Liverpool property auction. Though well attended, sales were down, indicating that the credit crunch is having an effect.
In the ...
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