Latest Property News

• Mortgage lender Paragon upbeat on 2011 as profits rise 32pc
  

  Published 25th Nov 2010

  UK mortgage lender Paragon Group issued an upbeat outlook for the next 12 months after reporting a 32pc increase in pre-tax profits for the year to the end of September

• Council houses for life to be axed
  

  Published 24th Nov 2010

  Council house tenants in England will lose their automatic right to a home for life, ministers said on Monday, under a shake-up of the social housing system they called the most radical in a generation

• London & Stamford cautious as H1 NAV rises
  

  Published 24th Nov 2010

  Property investor London & Stamford (LSP.L) posted an increase in half-year net asset value, but remains cautious in deploying its 1 billion pounds firepower, it said on Wednesday

• UAE property developer files for bankruptcy - report
  

  Published 24th Nov 2010

  Al Murjan Real Estate, developer of a $3 billion (2 billion pound) housing project in the United Arab Emirates, has filed for bankruptcy after running into financial difficulties, the Financial Times reported on Wednesday

• Number of mortgages approved for buyers slumps to 19-month low... but there's good news for house prices (until 2012 anyway)
  

  Published 24th Nov 2010

  The number of house buyers being approved for a mortgage slumped to a 19-month low in October, according to the British Bankers' Association

• Nationwide profits boosted by lower bad debts
  

  Published 23rd Nov 2010

  Nationwide NAT.UL, the country's second-biggest mortgage lender, reported a 26 percent jump in its first-half profit as its bad debts almost halved

• Low interest rates 'to limit house price falls'
  

  Published 23rd Nov 2010

  Nationwide Building Society today predicted UK house prices would avoid the hefty falls seen in 2008 despite buyer confidence being hit by government spending cuts