As the credit crunch tightens its grip UK house builders are feeling the pinch with almost 70% of the 6 biggest house builders price value being whipped on their collective share value. But what does this mean for UK property investors? (more…)
As the credit crunch tightens its grip UK house builders are feeling the pinch with almost 70% of the 6 biggest house builders price value being whipped on their collective share value. But what does this mean for UK property investors? (more…)
Bank of England governor Mr King was at pains to point out the current situation in the UK housing market was not a return to the crisis of the 1990s during an examination by the Treasury select committee today.
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England requires 3.475 million new properties by 2020, according to the National Housing and Planning Advice Unit (NHPAU).
Without this number of new homes, property will remain unaffordable, to the detriment of society, the government has been told.
Britain has retained its crown as the top destination for inward investment from Europe due to London’s attractiveness according to a survey released on 5th June which tracks direct investment projects across the continent. (more…)
Despite the current uncertain economic environment Estonia reached a very impressive 7.1% real GDP growth in 2007 according to figures from the Bank of Estonia. (more…)
China has recently announced a huge investment into the Port of Tallinn which will enhance Estonia’s position as the main transit port for the Baltic area.
China’s Ningbo Port has agreed to help build an approximately 150 million euro container terminal and goods warehouse together at Muuga on the eastern side of Tallinn. Port of Tallinn Chairman, Ain Kaljurand was quoted as saying that the terminal should be completed by the beginning of 2011 and that total investments would amount to $220 million. (more…)
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.0%.
The Bank is caught between a rock and a hard place when it comes to setting rates at the moment. On the one hand, cutting interest rates might help the housing market, mortgage holders and boost spending on the high street. (more…)
Anyone who thinks they might have difficult making their mortgage payments should speak to their lender as soon as possible, one industry body has urged.
Bernard Clarke, a spokesperson for the Council of Mortgage Lenders (CML), explained that people should not wait until after they have missed a payment as institutions can offer a number of possible solutions. (more…)