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UK Retail Sales Grow in August - Clear Sign of Economic Recovery

Posted:2009-09-17 11:36:09 - By Emma Louise Bailey

In one of the most promising signals to suggest a UK economic recovery, the office for National statistics today revealed that the value of retail sales in August this year, was 1.6% higher than in August

Calabria Property: No Price Drops but Bargains to be found

Posted:2009-09-11 13:28:25 - By Calabrian Property.com

Though prices haven't fallen as such, there are still bargain properties to be found in Calabria if you know where to look. That is according to Calabrian-property.com, spokesperson Robert Davies said: "Firstly,

UK Business Investment Freefall Continues

Posted:2009-08-27 09:06:29 - By Emma Louise Bailey

In the second quarter, UK business investment, which is measured in chain volumes by the Office of National Statistics is estimated to have fallen 10.4% on a quarterly basis, and fallen by 18.4% on an

Slovakia and Greece Look Set to Avoid Recession

Posted:2009-08-21 20:26:11 - By Liam Bailey

UK 21 August 2009 - It was headline news earlier this month when it was revealed that two of Europe's biggest economies, France and Germany had emerged from recession with a positive growth of 0.3% in

Massive Jump in UK Retail in July - ONS

Posted:2009-08-20 09:30:01 - By Liam Bailey

Retail sales volume in the UK was 3.3% higher last month than they were in July last year, the Office for National Statistics has revealed today, the value of retail sales was 2.2% higher. This is yet

Romania Economy Facing Severe Recession - IMF

Posted:2009-08-10 21:06:57 - By Emma Louise Bailey

London 10 August 2009 - The International Monetary Fund has forecast an 8.5% contraction in the Romanian economy this year, following a major study into the country's economic performance under its two-year

Cyprus Property Sales Halve in First Half of Year

Posted:2009-07-14 09:51:05 - By Emma Louise Bailey

Cyprus property sales in the first six months of this year were over 50% less than sales recorded in the first half of last year, according to figures released from the Land Registry. However, analysts

Retail Sales Down in the EU, Some Countries Looking Positive

Posted:2009-07-03 11:04:47 - By Liam Bailey

Retail sales across the EU fell in May, with a 0.5% decrease from April's figures recorded by Eurostat. May 2009 retail sales were over 3% lower than those recorded in May last year. Retail sales had

French Economy to Recover Q4 - Property in France Still Popular

Posted:2009-06-20 10:16:47 - By Emma Louise Bailey

A French statistical outlet has said it expects the French economy to come out of the recession by the final quarter of this year, on the back of inventory cuts ending, investment cuts slowing and low

More Bad News for the UK Economy - No. of Employed Plummets

Posted:2009-06-19 11:24:33 - By Liam Bailey

More worrying news for the UK economy, according to new data revealed by the Office for National Statistics, the number of employed people has fallen by the largest quarterly margin since comparable records

EU Employment Continues to Fall - Eurostat

Posted:2009-06-16 10:27:14 - By Emma Louise Bailey

According to the latest data from Eurostat, employment in the EU fell by 1.2% in the first quarter of this year compared to the same period last year. An earlier press release revealed that unemployment

Croatian Government Steps Up Efforts to Increase Tourism

Posted:2009-06-15 09:17:01 - By Emma Louise Bailey

The Croatian government is once again stepping up its efforts to attract increasing tourism to the country, the industry having been heavily hit by the international downturn. The latest efforts are an

Indian Economy Shows Positve Signs - Early Recovery Possible

Posted:2009-06-14 18:26:01 - By Liam Bailey

In a week where I have written about positive economic news in the UK and the EU, and read about positive economic news in Turkey, the latest positive economic news comes from India. Industrial output

European Industrial Production Down 1.9% in May

Posted:2009-06-13 14:48:54 - By Liam Bailey

Industrial production in the Eurozone fell by 1.9% on the month in May compared to April, and fell by 0.9% across the EU(27).The full breakdown of the contraction is as follows: In April 2009 compared

EU Retail Trade up 0.5% in April

Posted:2009-06-11 12:06:43 - By Liam Bailey

I have just written an article with some positive news on the UK economy that perhaps suggests the beginning of a turnaround. And now I have found a very positive indicator of the Euro zone economy: according

Is the UK Recession Coming to an End?

Posted:2009-06-11 10:52:33 - By Liam Bailey

There have been reports of increasing activity in the UK housing market since April, and because of low supply this has translated into monthly price increases in April and May, and the quarterly and Annual

Opinion: Many Brits Waiting to Buy Spanish Property when Market Bottoms

Posted:2009-05-25 11:15:27 - By Liam Bailey

It has been revealed in the last few days that the Spanish economy is contracting at a record rate; down 1.9% on a quarterly basis, and 3.0% on an annual basis in the first quarter of this year. The story

Dubai Tourism Falls, More Bad News for Property Market

Posted:2009-05-23 19:48:14 - By Emma Louise Bailey

Occupancy rates in Dubai hotels fell to 73% in the first quarter of this year, compared to 90 percent in the previous quarter; the Dubai Department of Tourism and Commerce Marketing has revealed. The

Mortgage Lending Fall Means no UK Housing Market Recovery in Sight

Posted:2009-05-22 14:05:44 - By Liam Bailey

The volatility of the UK housing market has once again bounced onto centre stage and danced all over the recent hopes for recovery caused by "various indicators". I couldn't believe it when I read an

Australian Property Sellers Having to Slash Asking Prices

Posted:2009-05-21 12:37:16 - By Scott Bailey

The reports are currently flooding in of Australian property sellers having to slash their prices in order to achieve a sale. This is great news for the rising numbers of Britons emigrating, for which

Montenegro's Biggest Exporter Facing Bankruptcy, Threatens Smaller Companies

Posted:2009-05-09 14:49:23 - By Michelle Conlay

The credit crunch and falling price of metal has left Montenegro's biggest exporter: Kombinat Aluminijuma (Aluminium) Podgorica (KAP) facing bankruptcy. The company had been losing $1,200 on every tonne

Dubai Property Should be Marketed on Rental Yields to Recover

Posted:2009-04-26 11:55:44 - By Alan Siddel

Dubai air-traffic saw a 7.9% year-on-year growth last month, reports the Gulf Newspaper. The increase is attracting new airlines to Dubai international airport, which will widen its coverage and further

Macedonia Will Fall into Recession This Year: IMF

Posted:2009-04-25 22:04:36 - By Alan Siddel

Macedonia is now expected to fall into recession according to latest IMF forecasts. The Macedonian governments latest forecast was for 1% growth, but the IMF now forecasts the country will be at least

Estimated $100 Billion Waiting to be Plunged into Property

Posted:2009-04-20 18:53:22 - By Michael Sutton

These days whenever we talk or write about property markets, the first thought that comes to one's mind is the effect of the global crisis. The impact of it has been such that some of the most popular

Hard Times Ahead for Dubai Property Market

Posted:2009-04-20 18:18:27 - By Michael Sutton

Property markets have suffered all around the world. In the past year or so, we have seen companies leaving swanky offices and moving to small offices, and worse, hundreds of companies closing down. This

Will the UK Housing Market ever be the Same Again?

Posted:2009-04-20 13:03:35 - By Liam Bailey

Yes, it is true: this is not the first housing depression we have endured in the UK. It probably won't be the last either. One thing -- and I'm not saying the only thing -- that is different about this

UK Govt Considers Freezing NMW - Unjustifiable

Posted:2009-04-14 08:03:36 - By Liam Bailey

Last night I wrote an article asking where these huge sums of money come from, like the additional $500million pledged to fund IMF assistance of emerging market economies affected by the credit crunch.

IMF Urged to Honour G20 Pledges: Where does the Money come From?

Posted:2009-04-13 21:38:04 - By Liam Bailey

The IMF is coming under pressure to act more quickly in securing the additional $500 billion pledge at the recent G20 summit to help emerging market economies that have been battered by the global downturn.The

FT Index Raises Hopes But How Accurate is it?

Posted:2009-04-13 19:28:05 - By Liam Bailey

The Financial Times today released statistics on the UK housing market for February from its house price index. Surprisingly the FT index is not showing the same level of price declines: it puts the average

UK Stable by October or Darling Using Positive Mental Attitude?

Posted:2009-04-13 15:45:04 - By Liam Bailey

I have just been left slightly bamboozled by the Telegraph's analysis page detailing the run up to Alistair Darling's 2009 budget.The most recent article on the left hand side is about Darling proclaiming

UK House Prices will Fall for as Long as Unemployment Rises

Posted:2009-04-12 09:29:09 - By Liam Bailey

Almost everyone seems to have developed the belief that a further 10% will be enough for the UK housing market to hit rock bottom. This will mean a 26.5% drop from peak if you go by the current Land-Registry

Cyprus Property to be Boosted by Russians

Posted:2009-04-06 21:15:35 - By Alan Siddel

One of Cyprus' leading builders is expecting the property market to be boosted by an influx of Russian buyers keen to off load shares in favour of overseas property."Limassol has recently undergone a significant

Darling Admits He Badly Underestimated the Recession

Posted:2009-04-05 14:37:07 - By Emma Louise Bailey

In an interview in the Times Alistair Darling has said that he badly underestimated the depth and severity of this recession in his pre-budget report, and that his forecasts would need to be torn up.Darling

1.9% Monthly Drop in UK House Prices for March - Halifax Index

Posted:2009-04-04 14:27:31 - By Scott Bailey

The Halifax building society recorded a 1.9% fall in house prices in March according to the latest release of its house price index, though it said the annual rate of decline had slowed slightly.This is

How Badly Will Australia Property be Affected by Downturn?

Posted:2009-04-01 19:51:15 - By Liam Bailey

The Australian Reserve Bank has said that the quality of the loans underpinning the property market will keep it from being as badly affected as those overseas, even though Australia's economy is currently

Dubai Property Prices to Keep Falling - Whether Banks Lend or Not

Posted:2009-03-27 08:23:32 - By Liam Bailey

A Middle East mortgage broker has said that UAE property prices, especially in Dubai will decline a lot further unless banks restart lending. "If financing and liquidity comes in, that will soften the

UK Property: Falling Savings Deposits+Rising Mortgage Lending=?

Posted:2009-03-24 22:08:02 - By Scott Bailey

Savings deposits fell by £73million in February, following a drop of £200million in January as returns deteriorate; with some accounts now paying 0% returns to savers. Some are saying that

UK Property: Buyer's Letting Market Leaves Landlords in the Lurch

Posted:2009-03-23 19:24:37 - By Scott Bailey

Last year, many people who couldn't sell their UK property, or at least not for the price they wanted, but who were still determined to move, decided that renting it out was a good alternative. But now,

Spain Property Sales Dropped 41% in January

Posted:2009-03-22 16:06:37 - By Emma Louise Bailey

A 41% year on year drop in Spanish property sales was recorded in January this year according to the National Institute of Statistics, reports Spanish Property Insight.com. Sales fell from 56,378 transactions

Albania Property Market Falls into Decline

Posted:2009-03-19 18:17:58 - By Liam Bailey

Albania property has began to feel the effects of the credit crunch, reports Balkan Insight.com. quite suddenly, falling demand has caused the banks to tighten its lending policies and developers to advertise

Czech Republic, Bulgaria, Romania and Poland to Avoid Recession

Posted:2009-03-15 18:44:48 - By Liam Bailey

The European Commission has said that it expects Poland, Czech Republic, Bulgaria and Romania to avoid recession in 2009 and 2010, but seriously downgraded the growth expected for the EU newcomers.Poland's

UK Property Market: Throwing Money at the Problem not the Answer

Posted:2009-03-13 19:24:52 - By Liam Bailey

CEO of look4aproperty.com Aaron Turner has urged the government to accelerate quantitative easing and "put more money into the housing market."In a press release, Turner said that "Money needs to be put

Spain Property Sales Dropped 35% Q4 2008 - Housing Ministry

Posted:2009-03-11 09:43:39 - By Scott Bailey

House sales in Spain dropped 35% in the 4th quarter of 2009, according to the Spanish housing ministry figures released Thursday. A big surprise for me was the fact that resale properties were worst affected;

UK Property Market Still Hindered by Lack of Supply and Mortgages

Posted:2009-03-10 17:11:21 - By Emma Louise Bailey

The Royal Institute for chartered Surveyors has announced a massive increase in buyer interest in the UK property market for February. The associated press release said:"20 percent more Chartered Surveyors

Spain Property: Oversupply Will Cause Prolongued Correction in 2009

Posted:2009-03-07 18:04:55 - By Allan Siddel

The annual report into European housing markets by the Royal Institute for Chartered Surveyors paints a bleak picture for Spain property in 2009. 2008 saw new developments fall by only 4.1% on the record

UK Property Market to Be Unaffected by Bank of England Measures

Posted:2009-03-06 22:35:21 - By Liam Bailey

The Bank of England has cut the base interest rate to the all time low of 0.05%, and began what it calls quantitative easing aimed at injecting £75million into the UK banking sector, but these measures

UK Property Prices Down 2.6% - Halifax, January Rise a Blip

Posted:2009-03-05 12:57:53 - By Liam Bailey

Patrick Collins, the Guardian money editor was right on the money when he said the January price rise reported by the Halifax was just a blip and should not be viewed with too much optimism. I pointed

Consumer Confidence Index: Hope for Rise by Property Market Bottom

Posted:2009-03-05 08:02:24 - By Allan Siddel

The Nationwide Consumer Confidence Index climbed two points in February, to 43. While confidence in the present situation dropped for the eighth consecutive month, 19% of people believe the situation will

Property Slump Hit Asia Hard and Fast, Recovery may do Same

Posted:2009-03-03 21:06:19 - By Scott Bailey

Sales of Asian property fell by an average of 70% in the 4th quarter of 2008, reports Asia Property Report. In the article, published Feb 26, Khalil Adis writes:"Gateway cities experienced the greatest

Forced Sales of Lavish Iceland Gov. Properties Says it All

Posted:2009-03-03 17:14:15 - By Emma Louise Bailey

I read a story this morning that I feel is either endemic of the times, or a sign of things to come from the new government of Iceland:Wall Street Journal reports that Iceland is selling off its ambassadorial

Foreclosure Assistance Better in US than UK

Posted:2009-03-01 12:27:14 - By Allan Siddel

Property foreclosure has become so prolific in the US, so common that it has lost its taboo. More people than ever before facing foreclosure are putting their pride in a basket and asking for help. But

Turkey Property Investment Boosted By Global Crisis

Posted:2009-02-28 19:31:15 - By Azure Overseas

The global downturn is actually increasing interest in Turkish property from overseas investors, and looks set to continue to do so throughout at least the first 3 quarters of 2009, according to overseas

Cyprus Property: Government First Time Buyer Scheme Gets Underway

Posted:2009-02-28 17:35:07 - By Scott Bailey

Cypriot finance minister Charilaos Stavrakis approved the first 30 loans of the new government scheme to help first time buyers on to the Cyprus property ladder. The loans totalled €4.2million, making

Overseas Property Investment: Loads of Land for 2009

Posted:2009-02-27 21:17:38 - By Liam Bailey

As property prices in most countries around the world have fallen sharply, so too have land prices, in some cases land has fallen even more sharply. In some parts of India land plots have fallen by as

Dubai Property Investors, Go Online to Check Development Status

Posted:2009-02-26 10:48:05 - By Emma Louise Bailey

The Dubai Real Estate Regulatroy Agency has started an online programme to allow investors and property buyers to find out more easily if the development, in which they have put their money, is to be built

UK Property: Mortgages Growing, Just Not Quickly Enough

Posted:2009-02-25 13:46:00 - By Liam Bailey

According to the British Bankers' Association statistics the number of mortgages approved for house purchases saw a month on month growth in January, but is still at very low levels. The total amount approved

Albania Property: Affordable Housing Internationally Appealing

Posted:2009-02-25 10:40:38 - By Liam Bailey

The EU statistics division, Eurostat has revealed that December 2008 saw construction contract by 2.2% in the Euro area (EA15), 1.7% across the EU27, when compared to November 2008. This was almost twice

European Leaders Agree Joint Stance on Economic Crisis

Posted:2009-02-24 20:21:16 - By Allan Siddel

The leaders of Europe's largest economies: Britain, France, Italy, Spain, Germany and the Netherlands met in Berlin to agree a joint European stance, in advance of the April 2 meeting of 20 developed and

UK Govt's Further Measures to Increase UK Mortgage Lending

Posted:2009-02-24 11:37:29 - By Emma Louise Bailey

Alistair Darling has offered to drop Lloyds Banking Group's £480m annual interest bill on a taxpayer loan, in return the bank will be expected to provide billions of pounds in new mortgage lending

Northern Rock to Increase New Mortgages by �14billion by 2010

Posted:2009-02-23 17:48:51 - By Scott Bailey

Northern Rock is to increase mortgage lending by £14 billion in the next two years. The bank has agreed a Treasury sponsored business strategy that will introduce around £5billion in new mortgage

The Credit Crunch and Emerging Property Markets

Posted:2009-02-21 12:54:19 - By Scott Bailey

UK property prices have been had dropped for 10 months straight, bringing prices of UK property to 20% or more lower than they were at their peak last April. Most analysts are now predicting that the market

UK Property Recovery May Not be so Dependant on Mortgages

Posted:2009-02-20 10:35:56 - By Emma Louise Bailey

All the recent reports into the UK property market say pretty much the same thing, there will be no recovery until finance starts to become more readily available. Sure readily available high LTV finance

Property Swapping and FSBO Property World Gone Mad

Posted:2009-02-20 10:35:56 - By Jake Kyle

The credit-crunch taking an axe to property prices and making property almost impossible to sell unless it's been foreclosed, has heralded the rise of "UK property swapping", and other things that may

Property in Spain Presents Bargains, Tenerife Growth Continues

Posted:2009-02-19 19:41:38 - By Property Abroad

Spanish property prices could drop by up to a fifth in the next year, according to market experts. Figures from the Spanish Property Owners Guild (SPOG) show that property prices have already dropped 16%

Spain Property to be Boosted by Expected Euro Fall

Posted:2009-02-16 11:15:47 - By Liam Bailey

Most economists expect the Euro to begin dropping in value this year. If it does, it will make Spain properties even cheaper to British buyers than the latest round of price drops, some by up to 50% than

Rent-to-Own Property Scheme to Help FTBs Onto UK Property Ladder

Posted:2009-02-14 18:46:46 - By Allan Siddel

Online property rentals portal goodtenant.com has announced a new rent-to-own scheme to help conscientious tenants, even those with poor credit-history onto the property ladder, it could be an excellent

Credit Crunch: The Unpredictable Global Recession

Posted:2009-02-13 21:48:09 - By Scott Bailey

The credit-crunch is the first ever global recession, and that is why things are so bad. I believe that this global recession presents a situation so different that all previous statutes, precedents and

Yet More Spanish Properties Fall Prey to Credit-Crunch

Posted:2009-02-10 03:08:02 - By Jake Kyle

Spanish property specialists Titan properties have released their first list of distressed properties in Huelva province in Spain's Costa de la Luz region; the list displays the lowest priced properties

UK Property Downturn Costs More Jobs

Posted:2009-01-26 16:21:40 - By Emma Louise Bailey

Massive job cuts are expected in the UK building industry in the first half of 2009, from small to medium sized firms. Half the members of the Federation of Master Builders admitted reluctantly making

UK Recession Becomes Official: Bad News for UKProperty

Posted:2009-01-23 14:51:00 - By Write About Property: Press Releases | Media Relations and SEO Services

The UK Chancellor Alistair darling today admitted that the UK recession is deeper than the government had expected, but urged consumers and businesses to give his policies time to work. The release of

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