International Property News

20
UK Government borrowing hits record high

U.K. public sector net borrowing soared to a record level for the month of September, with spending outpacing receipts as the economy slowed, data from the Office for National Statistics showed Monday. Public sector net borrowing totaled GBP8.1 billion in September, up from GBP4.8 billion in September 2007 and the highest level for the month on record since 1993.

[Read the rest of this article...]

Actions: E-mail | Permalink |
14
Europe & UK Acts in Concert to Aid Banks With Fresh Capital

European nations and the United States unveiled a staggering and coordinated series of multi-billion dollar rescue packages.Royal Bank of Scotland, Lloyds TSB and HBOS will have a total of £37bn injected into them. In return for the investment, the government will get a say in how the banks are run, including controls over the bonuses paid to management.

[Read the rest of this article...]

Actions: E-mail | Permalink |
10
US stocks slide to five-year low - 40% of what it was a year ago

Dow Jones index tumbling to 8500 - Many think the bottom is at 7000 or 50% of Peack last year. Early gains in European shares faded, with the FTSE 100 ending down 1.2% and France's Cac 40 falling 1.55%. On Wall Street, the Dow Jones ended down 7.33%, or 678.91 points, to 8579.19 points.

[Read the rest of this article...]

Actions: E-mail | Permalink |
08
Central banks cut interest rates to buoy global economy

Six central banks, including the Bank of England, have cut interest rates by half a percentage point in an effort to steady the faltering global economy. No decision on UK rates had been expected until Thursday - and the move puts the interest rate at 4.5% from 5%.

[Read the rest of this article...]

Actions: E-mail | Permalink |
08
Dow's Black Tuesday - UK Government to unveil bank rescue

The UK government is poised to announce details of a £50bn rescue package. Last night The chief executives of Royal Bank of Scotland, Barclays, Lloyds TSB and HBOS last night met the chancellor, Alistair Darling, and other senior members of the Tripartite Authorities.

[Read the rest of this article...]

Actions: E-mail | Permalink |
06
Germany's finance ministry has agreed a 50bn euro plan to save one of the country's biggest banks.

The news is a fresh blow for the global financial system struggling to master an unprecedented crisis of confidence. Hypo Real Estate was the fifth German bank and the second largest mortgage lender in Germany, said the 35 billion euro (£27.3 billion) bail-out fell apart on Saturday.

[Read the rest of this article...]

Actions: E-mail | Permalink |
30
$700b bailout & Dow Jones ends the day at 777.7 points...

Markets are reacting with near panic, and someone seems to be able to manipulate it since it is the biggest drop in years and yet something is not quite right. Very bad day on Wall Street. The $700b bailout bill collapsed in the House, and the markets are reacting with near panic. This is a very bad situation, very bad.

[Read the rest of this article...]

Actions: E-mail | Permalink |
30
Will the $700 bn bailout by American Taxpayers fix US economy?

Even if the government gets Congressional approval this week to buy bad debts off banks' books, satisfying some of their cash needs, the financial sector will still need to raise money -- and investors haven't exactly been lining up to help.

[Read the rest of this article...]

Actions: E-mail | Permalink |
27
Bush says bail-out will be passed - Can we be hopefull?

We are going to get a package passed,” Mr. Bush said, a day after an earlier agreement dissolved amid a flurry of political rancor. “We will rise to the occasion. Republicans and Democrats will come together and pass a substantial rescue plan.”

[Read the rest of this article...]

Actions: E-mail | Permalink |
25
Washington Mutual May Be on Block

 Federal regulators are moving quickly to broker a deal for Washington Mutual as the savings-and-loan comes under mounting financial pressure. “the rating actions do not affect the safety of customer deposits, which are insured up to the limits allowed” by the federal government.

[Read the rest of this article...]

Actions: E-mail | Permalink |
Page 3 of 5First   Previous   1  2  [3]  4  5  Next   Last   

Property News

Greece's finance minister resigned on Monday due to ill health, throwing the government's drive to soften the terms of an international bailout into confusion less than a week after it took office. With the win of right wing leader of New Democracy Antonis Samaras, it is assured that Greece has made it to the Eurozone.

The recent World Bank report suggests developing nations to get prepared for a tough economic scene which is about to appear in near future. Fearing the financial crisis to spread to bigger regions such as Italy and Spain...

Spain warns euro can be finished in months – without banking and fiscal policies. The EU summit in Brussels should assure markets that euro is to be safe-guarded against all odds. As recent reports suggest, Spain was looking out for an immediate bailout of funds from the euro-zone.

t looks as my wishes came true as in the last minutes Countries agreed a deal today to push for a new climate treaty, salvaging the latest round of United Nations climate talks from the brink of collapse. After more than two weeks of intense talks, some 190 countries agreed to four main elements.

More good news for home owners with Europe as The European Central Bank has cut interest rates back to their historic low of 1%, as expected by markets. UK interest rates have been held at a record low of 0.5% by the Bank of England's Monetary Policy Committee.

Global housing markets under pressure and other than a few pickets of resistance in Uk and other traditionally strong markets, the world's housing markets were on balance weaker during the year ending in the second quarter of 2011

Dubai Property owners are facing legal limbo as developers prematurely withdraw their maintenance services in anticipation of owners taking over the building’s upkeep, a property lawyer said. Property "Owner associations" (OA) waiting for registration have been left unable to pay bills

The Eurozone crisis appears to have pushed more European tenants into the central London rental market since the beginning of the year, with European tenants taking 30.4% of all new lets between January to May 2011 compared to 25% during the same period in 2010. By Knight Frank

Property markets in the UK may be reaching a turning point, according to the latest property analysis snapshot from real estate consultants Colliers International. The phrases ‘risk curves’ and ‘quality secondary’ are increasingly heard in informal conversation suggesting that movement may be imminent, it says.

Western Canada has the reputation of being one of the most beautiful places in the world, and Whistler, where all our holidays depart, has won the reputation as North America’s finest resort (as rated by Snow Country Magazine for the past six years).

Services
blog

Blogs

instagram

Instagram

facebook

Facebook