Latest Property News

• Darling steps up pressure on banks over high cost of business borrowing
  

  Published 28th Jul 2009

  Alistair Darling has effectively threatened Britain’s biggest banks with a competition inquiry should they fail to increase cheap lending to mortgage borrowers and small businesses

• Outlook brightens for UK commercial property
  

  Published 27th Jul 2009

  Confidence is slowly returning to the commercial property market on the back of reports from surveyors that the fall in tenant demand for offices and shops has started to slow

• House prices hold steady but market remains 'fragile'
  

  Published 27th Jul 2009

  The average price of a house in England and Wales remained steady for the third month in a row in July but recovery could still be some way off, according to a survey out today

• Return of the foreign banks
  

  Published 27th Jul 2009

  Brokers are recommending cheap mortgages from Swedish, Israeli and Chinese banks as they become increasingly frustrated with poor deals on the high street

• Banks set for losses as clock ticks on £300bn commercial property loans
  

  Published 27th Jul 2009

  Banks could be heading for a second wave of big losses as financial institutions begin to tackle the crippling legacy of £300 billion in lending to the UK commercial property sector

• Great Portland estate values fall £55m
  

  Published 24th Jul 2009

  Great Portland Estates, the West End property specialist, saw the value of its properties fall by £54.9m last quarter to slightly more than £1bn owing to a decline in rents as the recession hits its tenant base

• Mortgage approvals hit 15-month high in June
  

  Published 24th Jul 2009

  The number of mortgages approved by banks for house purchases rose to a 15-month high in June, figures showed today