Californian home owners and Californian house buyers receive news this week that could change both their fortunes. Bloomber.com report worrying news in the Californian housing market concerning California mortgage defaults. Mortgage arrears and subsequent defaults rose to their highest level in four and a half years. Banks and other mortgage providers sent 26,705 default notices to California...
Real estate agent
Rightmove the UK property website has reportedly had one of its substantial share holders subject to a takeover bid. This share holder is Countrywide who hold a 22 per cent stake in Rightmove. In September, Countrywide said it had received a proposal from private equity firm 3i which is thought to have priced the business at around 530p a share - valuing it at around £900 million. The...
People looking to buy and sell property overseas are set to see the transaction process improved thanks to a new code of practice covering more than 40,000 estate agents across Europe. The International Code of Practice was introduced in the UK in May last year, gradually building up support across the EU throughout the year. It has now been adopted by all members of the European Confederation of Estate...