Latest Property News

• Savills cautious on H2 after improved H1 results
  

  Published 26th Aug 2010

  Global property adviser Savills maintained a cautious outlook for the second half on Thursday and foreshadowed a flattening of the economic rebound in many countries as it posted improved first-half results

• Banks only handing out 1,000 mortgages a day as number halves during recession
  

  Published 25th Aug 2010

  Banks are handing out just 1,000 mortgages every day, and the situation is getting worse, not better, figures revealed today

• Persimmon restores div; £70.7 million write-back
  

  Published 24th Aug 2010

  British housebuilder Persimmon said it would restore its dividend and unveiled a write-back of 70.7 million pounds after swinging to a profit in the first half

• Mortgage loans fall for second month in a row BBA reveals
  

  Published 24th Aug 2010

  Mortgage lending in the UK fell by 2.5 per cent in July new figures have revealed

• Bovis Homes back in the black
  

  Published 24th Aug 2010

  Housebuilder Bovis Homes has swung back into the black and said it would restore its dividend as long as the market continues to stabilise

• Interest rates 'may reach 8% by 2012' adding £900 to the average mortgage as economists warn of need to curb 'runaway inflation'
  

  Published 24th Aug 2010

  Interest rates could increase 16-fold within two years to 8 per cent – adding £900 to the average monthly home loan bill, it was claimed last night

• Construction outlook worsens as spending cuts bite
  

  Published 23rd Aug 2010

  Sentiment in the construction sector began to decline again in the second quarter of the year, as fears over the scale of public spending cuts and ongoing uncertainty about prospects for the economy hit the construction industry, says RICS..