International Business News - Property http://ibtimes.co.uk/subsection/personalfinance/investment.htm All articles are copyrighted by IBTimes.com 400 100 http://ibtimes.co.uk/ http://ibtimes.co.uk/images/top_logo_ibt2_3.gif Plummeting house sales and depleted mortgage markets have led to a surge in demand for rented housing, tempting many frustrated home sellers into renting, the Residential Lettings Survey from the Royal Institution of Chartered Surveyors (RICS) showed on Tuesday. http://ibtimes.co.uk/data/articleimgs/4287-signs.jpg http://ibtimes.co.uk/articles/20080820/home-sellers-rent.htm http://ibtimes.co.uk/articles/20080820/home-sellers-rent.htm Wed, 20 Aug 2008 08:55:03 EDT The amount of privately rented accommodation is likely to shrink by about two-thirds in the next few years as more investors pile out of the buy-to-let market, savings group Skandia said on Monday. http://ibtimes.co.uk/data/articleimgs/4272-home.jpg http://ibtimes.co.uk/articles/20080819/buy-let-market.htm http://ibtimes.co.uk/articles/20080819/buy-let-market.htm Tue, 19 Aug 2008 08:34:20 EDT Court orders for mortgage repossessions in England and Wales rose an annual 24 percent in the second three months of the year to 28,568, the Ministry of Justice said on Friday. http://ibtimes.co.uk/articles/20080815/home-repossessions-second-quarter-rise.htm Fri, 15 Aug 2008 10:11:59 EDT HBOS will cut up to 425 jobs and shut one of its five mortgage brands to new business as the group positions itself for a shrinking loan market and a drop in house prices. http://ibtimes.co.uk/data/articleimgs/4244-halifax.jpg http://ibtimes.co.uk/articles/20080815/hbos-the-mortgage-business-closes.htm http://ibtimes.co.uk/articles/20080815/hbos-the-mortgage-business-closes.htm Fri, 15 Aug 2008 09:38:59 EDT House prices fell slightly less than expected in the three months to July but the number of completed sales per surveyor fell to their lowest in at least 30 years, a report showed on Tuesday. http://ibtimes.co.uk/data/articleimgs/4196-signs.jpg http://ibtimes.co.uk/articles/20080812/house-prices-july.htm http://ibtimes.co.uk/articles/20080812/house-prices-july.htm Tue, 12 Aug 2008 08:40:40 EDT The cost of taking out the most popular type of fixed-rate mortgage fell last month for the first time since February, Bank of England data showed on Monday. http://ibtimes.co.uk/data/articleimgs/4191-signs.jpg http://ibtimes.co.uk/articles/20080811/mortgage-costs-fall-july.htm http://ibtimes.co.uk/articles/20080811/mortgage-costs-fall-july.htm Mon, 11 Aug 2008 12:47:40 EDT The number of homes repossessed in the first six months of the year leapt by almost 50 percent on a year ago to the highest since 1999, a survey showed on Friday, as the housing downturn claims more victims. http://ibtimes.co.uk/data/articleimgs/4187-homes.jpg http://ibtimes.co.uk/articles/20080811/home-repossessions.htm http://ibtimes.co.uk/articles/20080811/home-repossessions.htm Mon, 11 Aug 2008 08:52:40 EDT The government confirmed on Thursday that a property tax is one of the tools it may use to try to kick-start the country's sliding housing market. http://ibtimes.co.uk/data/articleimgs/4171-estate-agents-signs.jpg http://ibtimes.co.uk/articles/20080808/offical-stamp-duty-government.htm http://ibtimes.co.uk/articles/20080808/offical-stamp-duty-government.htm Fri, 08 Aug 2008 09:29:46 EDT House prices are likely to fall 7 percent this year and will probably tumble 20 percent from their highs before they start to recover, a Reuters poll found, in more evidence that a decade-long boom has turned to bust. http://ibtimes.co.uk/articles/20080808/house-prices-boom-bust-and.htm Fri, 08 Aug 2008 08:38:46 EDT A correction in the European commercial property market accelerated in the second quarter of 2008, with transaction volumes diving to their lowest levels since 2003, property consultancy Cushman & Wakefield said on Monday. http://ibtimes.co.uk/data/articleimgs/4121-oxford-circus.jpg http://ibtimes.co.uk/articles/20080805/european-property-trading.htm http://ibtimes.co.uk/articles/20080805/european-property-trading.htm Tue, 05 Aug 2008 08:12:46 EDT House prices fell 1.7 percent on the month in July and at the fastest annual rate since at least 1991, the Nationwide building society said on Thursday, in a further sign the housing market is cooling fast. http://ibtimes.co.uk/data/articleimgs/4075-estate-agent.jpg http://ibtimes.co.uk/articles/20080731/house-prices-falling.htm http://ibtimes.co.uk/articles/20080731/house-prices-falling.htm Thu, 31 Jul 2008 11:20:17 EDT Approvals for home loans in June hit their lowest since records began and retail sales fell at their fastest pace in at least a quarter century as a housing market downturn threatens to derail the whole economy. http://ibtimes.co.uk/data/articleimgs/4060-mortgages.jpg http://ibtimes.co.uk/articles/20080730/housing-market-june-mortgage-approvals.htm http://ibtimes.co.uk/articles/20080730/housing-market-june-mortgage-approvals.htm Wed, 30 Jul 2008 07:55:17 EDT House prices fell for a 10th straight month in July to stand 4.4 percent lower on the year, a survey by property consultants Hometrack showed on Monday. http://ibtimes.co.uk/articles/20080728/house-prices-falling-july.htm Mon, 28 Jul 2008 07:49:41 EDT The number of homes changing hands almost halved in June from a year ago, highlighting the difficulties facing homebuilders, retailers and the public finances as a housing market downturn intensifies. http://ibtimes.co.uk/data/articleimgs/3977-properties.jpg http://ibtimes.co.uk/articles/20080723/property-transactions-june.htm http://ibtimes.co.uk/articles/20080723/property-transactions-june.htm Wed, 23 Jul 2008 08:38:41 EDT Asking prices for homes in England and Wales fell two percent year-on-year in July, a survey by property Web site Rightmove showed on Monday, the first annual fall since the series began six years ago. http://ibtimes.co.uk/articles/20080721/house-prices-falling-july.htm Mon, 21 Jul 2008 07:15:41 EDT Citigroup chairman Win Bischoff has warned that house prices in Britain and the United States are likely to keep falling for another two years. http://ibtimes.co.uk/data/articleimgs/3937-house-signs.jpg http://ibtimes.co.uk/articles/20080719/house-prices-falling-citigroup-chairman.htm http://ibtimes.co.uk/articles/20080719/house-prices-falling-citigroup-chairman.htm Sat, 19 Jul 2008 10:07:37 EDT The Royal Institution of Chartered Surveyors (RICS) said on Tuesday that houses prices fell at a slower rate in June. The RICS said its house price balance, which shows the balance of property surveyors reporting house price increases and decreases, was down from -92.2 in May to -88.0 in June. http://ibtimes.co.uk/articles/20080715/house-prices-june-falling.htm Tue, 15 Jul 2008 10:30:37 EDT House prices fell two per cent in June according to figures released by the Halifax today. The bank said that on an annual basis house prices had fallen 6.1 per cent. http://ibtimes.co.uk/data/articleimgs/3827-for-sale-signs.jpg http://ibtimes.co.uk/articles/20080710/house-prices-june.htm http://ibtimes.co.uk/articles/20080710/house-prices-june.htm Thu, 10 Jul 2008 12:32:21 EDT According to government figures house prices rose 3.7 per cent in May compared to a year ago. In April house prices were reported as being up 4.9 per cent. http://ibtimes.co.uk/articles/20080708/house-prices-growth-price-may.htm Tue, 08 Jul 2008 10:44:21 EDT Construction activity fell at its sharpest pace in at least 11 years in June, a survey showed on Wednesday, in one of the clearest signs yet of how falling house prices are hitting the wider economy. http://ibtimes.co.uk/data/articleimgs/3727-for-sale-signs.jpg http://ibtimes.co.uk/articles/20080702/housing-market-slowdown.htm http://ibtimes.co.uk/articles/20080702/housing-market-slowdown.htm Wed, 02 Jul 2008 16:40:59 EDT