25/11/09- British Banks that include Abbey National plc, Barclays Bank plc, Clydesdale Bank plc, HSBC Bank plc, Lloyds Banking Group plc, Royal Bank of Scotland Group plc and Nationwide Building Society will be pleased by the Supreme Court judgment toady concerning unfair bank charges. The Supreme Court judgment, overturned previous High Court and Court of Appeal rulings that unarranged overdraft...
25/11/09- The Global property market has seen a rise in commercial distressed real estate and is set to become a significant feature for the future of the sector. Eighty percent of countries surveyed saw a rise in distressed sales in the commercial property market, says Royal Institution of Chartered Surveyors (RICS).During the third quarter of 2009, RICS surveyed members and other real estate executives...
London 23/11/09-The latest report from the OECD (Organisation for Economic Co-operation and Development) has cast further aspersions on the UK’s economic recovery – and worrying implications for the future strength of the Pound. According to the widely-respected report, the OECD said that Britain is at risk of a “public debt spiral” unless the government takes drastic action to cut the public...
Evidence from the research suggests that consumers are increasingly open to alternative methods of buying or selling a home. While the large majority of sellers used a traditional estate agent, more than a third initially considered selling privately, using an online estate agent, or selling at auction. There is a marked increase in interest in online estate agents relative to our previous survey in...
19/11/2009 London-Globrix have been inadvertently promoting one of the UK's leading private sales websites The Little House Company owing to the indiscriminate use of its spider technology that takes property details from property websites without permission. The News international backed Globrix website has a strict estate agent only policy and does not allow private sellers to list on the site. The...
A return to the previous bands for stamp duty, when the current holiday is due to end on the 31st December 2009, could have a detrimental effect on the recovery of the housing market in regions that are already lagging behind, according to the latest research from RICS (Royal Institution of Chartered Surveyors) released today. RICS favour moving from the current slab structure to a marginal system with...
A survey of over 1000 visitors at the overseas property portal Homesgofast.com reveals that investment was the number one reason why people seek to buy a property abroad. The survey was conducted in between September and November 2009 by the UK based overseas property portal Homesgofast.com. The website promotes 200,000 listings from over 50 countries worldwide and has been online since 2004....
Leading property professionals gathered in California yesterday as the results of the Americas Property Awards in association with CNBC Arabiya and the New York Times were revealed. The presentations were made during a networking event and gala dinner held at the US Grant Hotel in San Diego on Thursday evening (November 12th). Undoubtedly, it is the desire to be nothing short of the best that gives an...
Bulgarian real estate market has not had much to cheer about lately however the introduction on January 1st 2010 of a new system where all real estate transactions in Bulgaria will be by law conducted via bank transfers may inspire more confidence from overseas property buyers. The amendment to the Notary Act put forward by the Justice Ministry when approved by Parliament will ban all real estate...
Moneycorp Currency Brokers report that poor trade figures and positive UK house prices have equally little effect on the pound. US consumer confidence remains softer than analysts have been expecting.A roughly three-cent range took sterling occasionally above its September highs but the early August peak remained out of its reach. It opened in London this morning at $1.67, about half a cent lower on the...