Latest Property News

• NAEA: UK market ‘stabilising'

  Published 03rd Jul 2008

  The NAEA has a taken a surprisingly positive stance on the state of the UK housing market.

• Housebuilding crisis deepens as investors shun £500m Taylor Wimpey rescue package

  Published 03rd Jul 2008

  Britain's housebuilders were in turmoil last night after Taylor Wimpey, the biggest company in the sector by volume, admitted that it had failed to tie up a £500m rescue package and risked breaching its banking covenants next year.

• House prices go down 17 per cent in a year and experts warn 'outlook is dire'

  Published 02nd Jul 2008

  House prices fell by up to 17 per cent in the past year and the outlook for the market is 'dire', financial experts warned yesterday.

• RICS call for end to stamp duty to 'increase accessibility' for first-time-buyers

  Published 02nd Jul 2008

  The Royal Institute of Chartered Surveyors (RICS) has called for a change to stamp duty to reduce barriers for first-time-buyers.

• Building society loans slump

  Published 02nd Jul 2008

  Lending by building societies slumped last month and is expected to remain low for some time due to the depressed state of the housing market, the industry's lobby group said on Monday.

• City Lofts puts assets in receivership

  Published 02nd Jul 2008

  City Lofts has been forced to place 250 unsold apartments into receivership in light of Britain's housing slump, a spokesman for the privately owned urban apartment developer said on Tuesday.

• Taylor Wimpey unable to raise cash

  Published 02nd Jul 2008

  Housebuilder Taylor Wimpey has failed to raise the extra capital it said it would seek just two days ago, citing tough market conditions, and it announced its finance director would leave the company.