Latest Property News

• US home foreclosures new peak
  

  Published 13th May 2010

  US home repossessions set a record in April while foreclosure filings dropped for the first time in four years, a sign lenders may be delaying new default actions as they seize properties, RealtyTrac said

• Shanghai set for 1.5% property tax
  

  Published 13th May 2010

  Shanghai’s municipal government may levy an annual tax of about 1.5% of the value of properties, the Hunan province-based Xiaoxiang Morning Herald newspaper has reported, citing a developer who declined to be identified

• Buyout firms compete for US commercial real estate loans firm
  

  Published 13th May 2010

  Buyout firms Apollo Global Management LP and Centerbridge Capital Partners are competing to takeover CW Financial Services, the parent of the second largest manager of delinquent US commercial real estate loans, Bloomberg said today

• Buy-to-let lending falls 15% following stamp duty holiday ending
  

  Published 13th May 2010

  The end of the stamp duty holiday in December 2009 meant that loans to buy-to-let investors were down 15% in the first three months of 2010, figures from the Council of Mortgage Lenders have shown

• Capital gains tax to be doubled to 40% by coalition government
  

  Published 13th May 2010

  An increase in capital gains tax will be at the heart of a package of reforms agreed by the new coalition government, led by prime minister David Cameron

• Home repossessions fall 7.5 percent in first quarter
  

  Published 13th May 2010

  The number of homes repossessed by lenders in Britain fell to 9,800 in the first three months of this year from 10,600 in the final quarter of 2009, the Council of Mortgage Lenders said on Thursday

• First-time buyers given mortgage boost
  

  Published 13th May 2010

  First-time buyers struggling to scrape together a deposit for their first home were given some welcome news today with the launch of a market leading mortgage