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  • September 2, 2014
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  1. Property - International - BRITAIN

    London homes face biggest price drop in 6 years

    Posted Aug 20th 2014, 05:21am by BLOOM

    ... Bloomberg in London Home sellers slash asking rates as market in British capital endures steep summer slump London records biggest price drop in 6 years London home sellers cut asking ... as anticipation of higher interest rates, are putting pressure on the market after a surge in values raised concerns that a bubble may develop. "Buyers and sellers are becoming increasingly aware ...

    http://www.scmp.com/property/international/article/1577026/london-homes-face-biggest-price-drop-6-years
  2. News - World - BRITAIN

    Iron Maiden singer Bruce Dickinson calls for fight to save British pubs

    Posted Aug 13th 2014, 09:30pm by AFP

    ... the Campaign for Real Ale, which says pubs are closing at a worsening rate- now 31 a week- and being turned into supermarkets and estate agencies. Other "public houses", to give them ...

    http://www.scmp.com/news/world/article/1572937/iron-maiden-singer-bruce-dickinson-calls-fight-save-british-pubs
  3. Business - Economy - BRITAIN

    Policymaking committee shake-up may help Carney beat rates pressure

    Posted Jun 05th 2014, 05:34am by Reuters

    ... Reuters in London Host of new faces on rate-setting panel fit well with Bank of England governor's broader focus on the influence of finance on the economy Committee shake-up may aid ... growing pressure to raise interest rates. Adding to a host of new faces already at the bank, three of the nine seats on its interest rate-setting committee are due to change hands by August, ...

    http://www.scmp.com/business/economy/article/1525518/policymaking-committee-shake-may-help-carney-beat-rates-pressure
  4. Property - International - BRITAIN

    Bank of England opts for cautious approach on housing market

    Posted May 07th 2014, 05:01am by Reuters

    ... ago, the committee gained sweeping but largely untried powers to curb excesses in the financial sector. One option the central bank has ruled out for now is a rise in interest rates, as it does not want to derail a recovery that is more fragile in other parts of the economy. Instead, it may require banks to check that new borrowers could cope with much higher interest rates, make banks ...

    http://www.scmp.com/property/international/article/1505919/bank-england-opts-cautious-approach-housing-market
  5. News - World - BRITAIN

    London skyscraper The Gherkin goes into receivership

    Posted Apr 25th 2014, 08:57pm by GDN

    ... to currency issues, rather than any difficulties with the wider property market. Changing exchange rates had inflated the size of the original loan and the owners failed to make several debt payments. ...

    http://www.scmp.com/news/world/article/1496904/london-skyscraper-gherkin-goes-receivership
  6. Property - International - BRITAIN

    Mainland buyers of British property unfazed by new taxes

    Posted Apr 18th 2014, 10:37am by Toh Han Shih

    ... In its budget, delivered on March 19, the British government announced the existing 15 per cent rate of stamp duty land tax would be extended to the purchase of a residential property for more ...

    http://www.scmp.com/property/international/article/1486708/mainland-buyers-british-property-unfazed-new-taxes
  7. Property - International - BRITAIN

    Britain must build one million homes to meet shortfall, says new report

    Posted Apr 16th 2014, 05:39am by Reuters

    ... economic recovery. The Bank of England, the central bank, is watching closely as it considers when to start raising interest rates from record lows. Mark Carney, the bank's governor, has given ... report prepared for the Home Builders Federation, that the number of new, privately built homes would need to almost treble to 260,000 a year to bring down Britain's rate of house-price ...

    http://www.scmp.com/property/international/article/1483020/britain-must-build-one-million-homes-meet-shortfall-says-new
  8. Property - International - BRITAIN

    UK house builders set plans for expansion after government boost

    Posted Mar 26th 2014, 07:34am by Reuters

    ... Nicolson said it would be setting up a third business focused in the Home Counties region around London, which could add up to 600 homes a year to its completion rates once it was fully ... the confidence". The Help to Buy scheme has benefited the house builders by accelerating Britain's housing recovery and shoring up demand to boost selling rates and profits. It has also allowed ...

    http://www.scmp.com/property/international/article/1457073/uk-house-builders-set-plans-expansion-after-government-boost
  9. News - World - BRITAIN

    British premier David Cameron rejects call to fire minister in expenses row

    Posted Apr 04th 2014, 01:24am by Reuters

    ... Miller repay money she had claimed to cover mortgage interest payments. It said it accepted the money had been claimed inadvertently due to a sudden drop in interest rates. It also rejected ...

    http://www.scmp.com/news/world/article/1464343/british-premier-david-cameron-rejects-call-fire-minister-expenses-row
  10. Property - International - BRITAIN

    Songbird Estates' results buoy London property market

    Posted Apr 02nd 2014, 05:47am by Reuters

    ... the risk of overheating in property prices remains a concern to the Bank of England, which urged banks to consider the risk of interest rate increases when they approve mortgages and said ... the increase in net asset value, including more office space let, with occupancy rates rising to 97 per cent, the highest since the financial crisis, and more demand for retail space, where yields had ...

    http://www.scmp.com/property/international/article/1462526/songbird-estates-results-buoy-london-property-market

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