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....5bn. Forbes said the $1bn fall in his wealth was due to the slow US property market. ... [Read full article on BBC ]
Monday 20th of March 2017 05:17:00 PM
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....Donkeys laden with jerry cans are used to smuggle oil across the closed border between oil-rich Algeria and Morocco. As a result an estimated 660,000 cars in Morocco and Tunisia run on fuel smuggled from Algeria, and border cities have sprung up to provide a property market to launder some of the funds. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:12:54 PM
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Latest Finance News related to Property Market

Oil theft 'provides billions for terrorists and drug cartels' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:12:54 PM
....Donkeys laden with jerry cans are used to smuggle oil across the closed border between oil-rich Algeria and Morocco. As a result an estimated 660,000 cars in Morocco and Tunisia run on fuel smuggled from Algeria, and border cities have sprung up to provide a property market to launder some of the funds. ...
Homes cost more than seven times income image
Source : BBC [Read Article] Friday 17th of March 2017 10:06:40 AM
....A recent report by Shelter suggested that nearly eight out of 10 families across England are unable to afford newly built homes in their local area. Northampton is the fastest-moving property market in the UK, according to analysis of listings on a property portal. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
.... LSL added that a low volume of transactions in the area makes price reports highly volatile. Nationally, turnover in the property market has been falling, with the number of transactions down 9% on the year. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
.... . "Last year's London property market was severely impacted by an unprecedented sequence of events with changes to stamp duty and the EU referendum vote leading to a substantial reduction in property sales transactions, especially in central London," said chief executive Nic Budden. ...
Business rates a 'ticking time bomb' for small firms image
Source : BBC [Read Article] Sunday 26th of February 2017 08:29:46 PM
....". A government spokesman said: "The revaluation is designed to bring rates into line with changes in the rental property market and ensures business rate bills more closely reflect the property market and that all businesses are getting a fair deal. ...
#RentInOz: Australian renters share their horror stories image
Source : Guardian [Read Article] Thursday 16th of February 2017 01:59:30 AM
. A new study of Australia’s rental property market has prompted people to share their horror stories. ...
Blow to City as London offices face £1.4bn rise in business rates bill image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:18:45 PM
.... However, there are concerns this could leave some local authorities underfunded. Despite criticism of the business rates increases scheduled for April, the Department for Communities and Local Government, which oversees the system, has said it is fair because the revaluation reflects the state of the property market. ...
UK house price growth has hit 14-month low, says Nationwide image
Source : Guardian [Read Article] Wednesday 1st of February 2017 09:06:31 AM
. UK house prices grew at their weakest annual rate in more than a year in January, in an early sign of the property market slowdown predicted for 2017. ...
UK rental property demand falls to two-year low image
Source : Guardian [Read Article] Friday 27th of January 2017 03:41:12 PM
. Demand for privately-rented flats and houses has fallen to a two-year low, while the supply of properties to rent has risen in fresh evidence of a slowdown in the property market. ...
Jobs lost and broken relationships: legacy of the Southern rail crisis image
Source : Guardian [Read Article] Saturday 21st of January 2017 09:09:30 PM
.... A report from the Landbay Rental Index has also shown that rents along the Southern network have fallen in five out of six key areas affected by the dispute over the last six months. Its co-founder, John Goodall, said: “These figures do suggest that [the dispute] is beginning to impact on local property markets. ...
Is the City of London going to hell in a Brexit handcart? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:41:32 PM
....To repeat, everything hinges on the new trading arrangements between the UK and the EU – and some form of standstill agreement, which allows adjustment to happen over time, could be the critical protection that the City requires. In the meantime, here’s a private pointer from one senior banker: watch the property markets. ...
Parody-defying World Economic Forum must do better image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:33:53 PM
.... Perhaps it is time to revisit this thesis – not the charmless part, naturally, but the idea that Foxtons is as slick as supposed. The latest profit warning on Wednesday revealed how far Foxtons has fallen in these “subdued” times for the London property market. ...
UK house prices to rise marginally in 2017, says Halifax image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
....House prices will rise by between 1% and 4% in 2017, according to Halifax’s annual forecast, marking a sharp deceleration from 2016, as it raised the prospect of falling prices in London. Britain’s biggest mortgage lender said a slowdown in economic growth, potential rises in unemployment and pressure on household incomes will put a brake on the property market after several years of growth. ...
UK housing market: what to expect in 2017 image
Source : Guardian [Read Article] Monday 26th of December 2016 04:11:22 PM
....From the beginning of the year, the Brexit poll had triggered uncertainty in the market and the shock result ensured that the feeling will linger into 2017. Here is a round-up of the state of the British property market in 2016 and where it could be heading in 2017. ...
Value of UK housing stock has risen by 7% to £8.17tn, study finds image
Source : Guardian [Read Article] Tuesday 20th of December 2016 07:00:42 AM
....Lawrence Hall, a spokesperson for the site, said: “2016 has certainly been a historic year, with the events of the past six months giving rise to potential political uncertainty. However, the property market – it seems – remains resilient, and property values across Britain have continued to grow. ...
Portugal homes with sea views face higher tax to improve fiscal outlook image
Source : Guardian [Read Article] Tuesday 20th of December 2016 01:39:41 AM
....The initial plan was to impose the increase on property of any value. However, an amendment devised by Communist MP Paulo Sá means it will affect only those homes with a so-called fiscal value of €250,000 (£210,000) – a tiny fraction of the property market, he said. ...
Housing worries image
Source : BBC [Read Article] Thursday 15th of December 2016 12:28:11 AM
.... But policymakers and economists are also worried about the financial implications. The property market is built on debt - developers have borrowed money to build; purchasers have taken on loans to buy. ...
House prices hit new record high after Brexit vote image
Source : Daily Express [Read Article] Wednesday 7th of December 2016 01:49:00 PM
....". Mario Berti, chief executive of Octopus Property, added: "Despite the turbulent economic and political backdrop, the property market remains surprisingly resilient. ...
Faster house price growth in November, says the Halifax image
Source : BBC [Read Article] Wednesday 7th of December 2016 09:44:51 AM
....Industry figures welcomed the pick-up in prices. Russell Quirk, chief executive of eMoov, said: "Many in the industry have been quick to put the boot in over the last few months where the UK property market is concerned, hanging gloomy predictions on a dwindling level of demand in the market. ...
UK office construction forecast to plunge after Brexit vote image
Source : Guardian [Read Article] Tuesday 6th of December 2016 02:29:49 PM
....Savills also sees an end to the post-credit crunch house price boom, forecasting that residential prices will flatline next year after five years of increases. London’s luxury property market has been hit in particular, as Brexit uncertainty and increased stamp duty have been putting off foreign buyers. ...
Home truths: house price rises to slow to trickle as Brexit and stamp duty hit image
. Ongoing uncertainty over the manner of the UK’s departure from the EU is likely to weigh down the property market in 2017, say experts, who predict little or no growth in prices amid a slowdown in sales. ...
Brexit vote dents British demand for Spanish property image
Source : Guardian [Read Article] Friday 2nd of December 2016 03:17:29 PM
.... Last year the strong pound led British buyers to purchase almost 10,000 Spanish properties, up 42% on 2014, giving them a 21% share of the number of homes acquired by international buyers. No other nationality buys as much property in Spain as the British, and in recent years they have made a significant contribution to the recovery of the Spanish property market. ...
Berkeley Group boosts profits by 34% image
Source : Guardian [Read Article] Friday 2nd of December 2016 08:15:56 AM
....“This sends a clear message out that Berkeley feels its own stock looks cheap at the moment. “With significant uncertainty around the London property market, this confidence is reassuring for investors. ...
At 20, am I too young to invest in buy-to-let property? image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:00:40 AM
.... I’d probably go for a buy-to-let so I have a constant income – but how much of this do I actually get after tax?. Do I have to have some sort of experience as a landlord before I’m likely to be lent money? How would I go about getting a mortgage: are there different types? I’ve tried researching this but I still don’t know if I’m deemed as ‘too young’ to start in the property market. ...
Countrywide shares plummet as transactions fall image
Source : BBC [Read Article] Thursday 24th of November 2016 09:49:08 AM
. Shares in the UK's biggest estate agent, Countrywide, have plummeted following the publication of its gloomy report on the property market. ...
Countrywide warns over profits amid housing slowdown image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:56:50 AM
Brexit vote wiped $1.5tn off UK household wealth in 2016, says report image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 07:00:29 AM
....2tn) wiped off its wealth during 2016 after the Brexit vote sent the pound tumbling and the stock market into reverse, according to a survey by Credit Suisse. A fall in values at the top-end of the property market also contributed to about 400,000 Britons losing their status as dollar millionaires and one of the biggest drops in wealth among the major economies. ...
Buy-to-let lending falls as tougher rules bite image
Source : Guardian [Read Article] Friday 18th of November 2016 12:43:50 PM
....Nationwide told buy-to-let borrowers in April that they could only borrow up to 75% of a property’s value, down from 80%, and that the rental income had to be at least 145% of the monthly mortgage repayment, up from 125%. In higher priced property markets, such as London, the new tests have made buy-to-let borrowing prohibitively expensive. ...
Number of affordable homes built in England slumps to 24-year low image
Source : Guardian [Read Article] Thursday 17th of November 2016 02:57:48 PM
.... They come as the proportion of households that own a property is at a 30-year low and rising house prices have driven the cost of buying a home to more than 10 times the average salary in a third of England and Wales. Neal Hudson, a property market analyst for Savills, said the fall came as no surprise after 2014/15’s figures were inflated by developers racing to use up funds as the government’s previous affordable housing programme came to an end. ...
Taylor Wimpey: housing demand still strong after Brexit vote image
Source : Guardian [Read Article] Monday 14th of November 2016 11:55:53 AM
....The company’s shares rose 3% to 150p. The shares plunged by more than a third to as low as 116p soon after the referendum as investors feared the vote would knock confidence in the property market. ...
Move over, Manchester – Midlands motor Birmingham is setting the pace image
Source : Guardian [Read Article] Thursday 10th of November 2016 06:01:24 AM
....Under Theresa May that has changed, and she now refers to Birmingham as the Midlands motor as she seeks to build appeal across the country. The city’s growing appeal is reflected in its property market, Knight Frank said. ...
MAPPED: Which area of the UK will see the biggest house price booms within five years image
....”. However, Mr Cook said that the impact of Brexit on the property market is less than than that of the credit crunch. ...
End of the property boom? UK house prices to flatline, says forecast image
Source : Guardian [Read Article] Friday 4th of November 2016 12:01:02 AM
. The British property market’s post-crash boom will come to a halt in 2017 when house prices flatline after five years of increases, according to an industry forecast. ...
E-state agent image
Source : BBC [Read Article] Thursday 20th of October 2016 11:46:35 PM
.... . Hear more about the online property market on BBC Radio 4's Money Box. ...
China's economy grows steadily at annual rate of 6.7% image
Source : BBC [Read Article] Wednesday 19th of October 2016 03:02:15 AM
....But dig a bit deeper and it's a familiar picture; it seems government spending, especially investment in infrastructure, is still significant fuel for the engine. Rocketing prices in the - at times crazy - property market are helping too in places. ...
Cut stamp duty to revive housing market, says estate agency image
Source : Guardian [Read Article] Monday 10th of October 2016 11:01:31 PM
....Paul Smith, haart’s chief executive, said: “Although we are seeing more positive consumer confidence materialising [since the EU referendum], the UK housing market is still marked by a number of negatives, as prices and transactions continue to fall on the month. “Action needs to be taken to reverse the sluggish pace of activity, to turn these initial engagements with the property market into transactions. ...
Born lucky? Children of the 60s, 70s and 80s on buying their first homes image
Source : Guardian [Read Article] Saturday 8th of October 2016 06:00:35 AM
.... Just when I began to settle into having secure employment from 36-41 the screws were tightening in the higher education sector and I had a baby, which wasn’t a great mix, and I went freelance. But because of the London property market, and the fact I bought flats and worked on them, I feel quite asset rich, which is a joke really – I’m not compared with many people who are more solidly middle class. ...
London mayor launches unprecedented inquiry into foreign property ownership image
Source : Guardian [Read Article] Thursday 29th of September 2016 02:09:05 PM
....Khan said: “We urgently need more transparency around overseas money invested in London property. Londoners need reassuring that dirty money isn’t flooding into our property market, and ministers must now make all property ownership in London transparent so we can see exactly who owns what. ...
London houses are second most over-valued in world - UBS image
Source : Guardian [Read Article] Tuesday 27th of September 2016 12:43:11 PM
. London now has the second most over-valued property market in the world, beaten only by Vancouver in Canada, according to a new “Bubble index” compiled by Swiss bank UBS. ...
The £4,000 a week student flat where Fresh Meat meets Monopoly image
Source : Guardian [Read Article] Monday 26th of September 2016 12:53:19 PM
....The marketing agent Wetherell said that, so far, 80% of the inquiries it had received had been from international students or their parents. Stamp duty increases at the top of the property market, and a new rate for second homes, have made buying a property much more expensive, and as a result Wetherell says it has seen a rise in the number of luxury houses and flats being let. ...
Property funds back in business after Brexit vote closures image
Source : Guardian [Read Article] Saturday 24th of September 2016 06:00:25 AM
....3bn UK Property PAIF fund on 14 October, with investors able to place orders to deal from this week. Henderson insists that its post-Brexit fire sale of properties has not left investors out of pocket, in a sign that the UK commercial property market has not been devastated by the vote, as some feared. ...
Bonanza for Bosnia image
Source : BBC [Read Article] Thursday 22nd of September 2016 11:07:07 PM
....Bosnians say their anxieties are mainly economic. There are concerns that Arab buyers will dominate the property market and drive up prices for Bosnians. ...
Mortgage lending climbed in August, says CML image
Source : Guardian [Read Article] Thursday 22nd of September 2016 10:13:22 AM
....”. The most recent report from the Royal Institution of Chartered Surveyors (Rics) suggested confidence in the property market had started to rise after falling sharply immediately following the Brexit decision. ...
Mortgages for house purchases  fell in July, says CML image
Source : Guardian [Read Article] Wednesday 14th of September 2016 10:38:28 AM
....Buy-to-let loans worth £3bn were advanced during the month – up 3% on June but down by 21% year on year. Smee said it would be “quite some time before a full assessment can be made” of the impact of the Brexit decision on the property market. ...
Wales moves to replace stamp duty with new land transaction tax image
Source : Guardian [Read Article] Sunday 11th of September 2016 11:01:13 PM
....“We have consulted widely about how this tax should work for Wales and listened to a range of views. This is why it will broadly mirror stamp duty land tax, providing the consistency and stability businesses tell us they need and providing a smooth transaction for home-buyers and the property market. ...
Land Registry sell-off plan put on hold image
Source : Guardian [Read Article] Wednesday 7th of September 2016 02:54:10 PM
....“This is a great victory for Land Registry staff, campaigners and the people and businesses who use the Land Registry’s services. It is also good news for transparency and openness in our property market,” he said. ...
UK house prices fell in August, Halifax says image
Source : Guardian [Read Article] Wednesday 7th of September 2016 11:51:18 AM
....Jonathan Hopper, managing director of Garrington Property Finders which helps wealthy clients buy homes in the south-east, said a year ago many would have regarded such a slowdown in house price rises as cause for concern. “But in today’s environment they are curiously reassuring – as they are further evidence that the post-Brexit property market is making a soft landing rather than slumping,” he said. ...
New Zealand tops global list for house price rises image
Source : BBC [Read Article] Wednesday 7th of September 2016 06:28:13 AM
....New Zealand, Turkey and Canada have seen the biggest leap in house prices over the past year, according to a new global ranking. Estate agents Knight Frank found property markets in the three countries grew between 10% and nearly 14%. ...
New Zealand tops world house price increase image
Source : Guardian [Read Article] Tuesday 6th of September 2016 05:51:47 PM
. New Zealand has the world’s most frenetic property market, with prices in Auckland now outstripping London, and possibly dashing the hopes of British buyers hoping to escape Brexit. ...
Brexit sparks foreign property spree in London image
Source : BBC [Read Article] Sunday 4th of September 2016 11:01:36 PM
. The fall of the pound following the EU referendum has triggered a spending spree in London's property market from foreign investors. ...
London's elite 'pushed out of exclusive postcodes by super rich' image
Source : Guardian [Read Article] Wednesday 31st of August 2016 05:38:40 PM
....The trend was contributing to dramatic house price rises in areas ranging from Battersea and Clapham to Acton, as the old elite bought property there with the significant profits – usually in the millions – made from selling up to the global uber wealthy, the researcher found. “The study shows that the wealthy individuals and families that live in London’s most exclusive areas no longer feel able to compete at the top end of the capital’s property market,” said the researcher. ...
What Brexit slowdown? House prices STILL increasing after EU referendum vote image
Source : Daily Express [Read Article] Wednesday 31st of August 2016 11:11:00 AM
....25 per cent at the start of August, helping to make borrowing cheaper. Rob Weaver, director of investments at property crowdfunding platform Property Partner, said: "Increasingly, it's looking like the predicted collapse of the property market post-Brexit may not happen. ...
Homeowners saving cash on cheaper mortgage rates following Brexit vote image
Source : Daily Express [Read Article] Tuesday 30th of August 2016 08:18:00 PM
....”. He said there is optimism in the housing market: “Despite uncertainty in the immediate aftermath of the referendum, the property market very much remains open for business. ...
Pre-Brexit vote research shows prosperity hotspots emerging across UK image
Source : Guardian [Read Article] Monday 29th of August 2016 11:01:14 PM
.... It narrowly beat the capital, which saw a 12% increase in prosperity last year. However it should be noted that the research was carried out before June’s Brexit vote, which has since led to a cooling of the property market, particularly in London. ...
Are we on the verge of a crash in house prices? Only the data will tell | Danny Dorling image
....Those with access to more detailed Zoopla data will know just how great the threat of Brexit is to housing prices, but only a French bank, Société Générale, has put its head above the parapet and suggested the prices in London could fall by 30%, and even 50% is not impossible in some parts of the capital. When claims were made on 24 August that the property market is showing signs of resilience, the only evidence that could be offered was that the building firm Persimmon had increased its annual profits by 19%, almost all of which will have be made on homes sold before the vote. ...
Co-operative Bank warns of Brexit impact image
Source : BBC [Read Article] Thursday 18th of August 2016 06:35:49 AM
....The Bank of England lowered interest rates at the beginning of August to a record low, as part of measures to stimulate the UK economy after the Brexit vote. Co-op Bank said the vote could also lead to a contraction in the UK property market, affecting mortgage loan growth. ...
House prices rocket 8.7 PER CENT in a year with East of England topping the list image
Source : Daily Express [Read Article] Tuesday 16th of August 2016 01:45:00 PM
....co. uk, Russell Quirk said: "The latest data from the blended ONS and Land Reg indices shows no Brexit impact in June to the UK property market. ...
Average UK house price rose £17,000 in year to June, ONS figures show image
Source : Guardian [Read Article] Tuesday 16th of August 2016 11:45:18 AM
....“London is seeing unfaltering demand for homes, and overseas buyers are playing a crucial part in sustaining this momentum,” he said. “Amid all the doubt and predictions in the last couple of months, London’s property market is still on a long-term upward trend, and prices are 12. ...
London house prices FALL amid market slowdown but the north holds firm image
Source : Daily Express [Read Article] Monday 15th of August 2016 02:01:00 PM
.... . The data and views from agents suggest the capital's property market - which has a larger amount of foreign buyers - is the only region to have been impacted by the vote to leave the European Union (EU) in June. ...
Wharf fare image
Source : BBC [Read Article] Tuesday 9th of August 2016 11:29:26 PM
REVEALED: The 10 best cities to invest in university property image
Source : Daily Express [Read Article] Tuesday 9th of August 2016 04:22:00 PM
.... "Some locations, however, offer a better return than others. We were keen to get some deeper insights into the UK’s student property market and understand where the most attractive prospects are – and the ones that are less likely to pay off. ...
UK house price growth shows signs of slowing, says Halifax image
Source : BBC [Read Article] Friday 5th of August 2016 08:04:40 AM
.... The monthly rise in prices in June was offset by the fall in July, it added. Russell Quirk, founder of estate agency eMoov, said: "Although it would seem the UK property market has lost steam since the vote with prices dropping 1% since last month, the summer period is always a traditionally slower time of year for residential property transactions. ...
Foreign home buyers face new tax in Vancouver area image
Source : BBC [Read Article] Tuesday 2nd of August 2016 04:42:57 PM
....A 15% property tax on foreign home buyers in the Canadian city of Vancouver has taken effect in an effort to create more affordable housing. The tax is aimed at preventing foreign investors, many from mainland China, from driving up costs in Canada's most expensive property market. ...
Home ownership in England at lowest level in 30 years as housing crisis grows image
....Home ownership in England has fallen to its lowest level in 30 years as the growing gap between earnings and property prices has created a housing crisis that extends beyond London to cities including Manchester. The struggle to get on the housing ladder is not just a feature of the London property market, according to a new report by the Resolution Foundation thinktank, with Greater Manchester seeing as big a slump in ownership since its peak in the early 2000s as parts of the capital, and cities in Yorkshire and the West Midlands also seeing sharp drops. ...

St Ives second home referendum backfires as housing market slows because outsiders don't feel welcome, estate agents warn
 image
.... Any of our current housing stock is available to second home owners and we really welcome that. "We want to have a buoyant property market and welcome second home owners and holidaymakers. ...
FTSE 100 rebounds to close day ahead image
Source : BBC [Read Article] Friday 29th of July 2016 09:24:11 AM
....29% after it reported a fall in half-year profits, blaming uncertainty around the UK's EU referendum for the drop. The company added it did not see any prospects of a recovery in the London property market before the end of the year. ...
Foxtons estate agency profits tumble amid Brexit vote image
Source : BBC [Read Article] Friday 29th of July 2016 08:28:38 AM
....1m during the same period a year earlier. There had been a "sharp contraction" in the London property market in the second quarter of the year, it said. ...
Shameless house hunters using BREXIT as excuse to demand huge price drops image
Source : Daily Express [Read Article] Tuesday 26th of July 2016 04:08:00 PM
.... Kevin Shaw, Leaders Estate Agents national sales director, recently said: "We have seen a small number of buyers attempt to renegotiate the price they are paying for a property, these requests have almost all been rejected and the sale has progressed as planned, showing that Brexit has had little impact on buyers and sellers, and their desire to move. "The fundamentals of the property market remain the same, with demand hugely outweighing supply, and this is stabilising prices. ...

UK property market facing uncertainty, Hammerson says
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Source : Telegraph [Read Article] Monday 25th of July 2016 11:42:27 AM
...
Related to :
Property market hit by Brexit, real estate company warns image
Source : Guardian [Read Article] Friday 22nd of July 2016 09:34:31 AM
. Britain’s second-biggest estate agent has warned annual profits will be well below expectations, blaming uncertainty in the property market caused by the vote to leave the EU. ...

Brexit vote weighs on Daily Mail's advertising and property markets
 image
Source : Telegraph [Read Article] Thursday 21st of July 2016 01:15:22 PM
First-time buyers half as likely to be single as 20 years ago image
Source : Guardian [Read Article] Thursday 21st of July 2016 11:15:17 AM
. The proportion of first-time buyers in England who are single has fallen by half over the past two decades, as high house prices make it increasingly difficult to go it alone in the property market. ...
House prices jump by £16,000 a year image
Source : Daily Express [Read Article] Tuesday 19th of July 2016 02:41:00 PM
....". He added: "Across the country there are still too few homes to match demand, and if anything the construction of new homes is now slowing – all further strengthening the long-term prospects for investors in the UK property market. ...

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