News Archive: industry news

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09, 2012 February:

UK construction industry continues to falter

The UK construction industry continued to stall during the final three months of 2011, as doubts were cast over the Government's ability to boost private funding to deliver on proposed infrastructure projects, according to the latest RICS Construction Market Survey.

08, 2012 February:

More families set to lose their homes as squeeze bites deeper

Repossessions forecast to rise by 22 per cent to 45,000 this year as inflation and unemployment take toll

07, 2012 February:

Video - Do we need neighborhood advice from Zillow?

What is Zillow's Neighborhood Advice? It's a fairly simple idea that takes the conversation many have with their friends and family offline, about the home buying experience, online. But what’s in it for the real estate agent?

06, 2012 February:

Sale and rent back market shut down by FSA

The Financial Services Authority (FSA) has shut down the sale and rent back market after concluding that most deals were unsuitable and should never have been sold.

03, 2012 February:

Bulgarian construction sector is still lagging behind

In 2011, GDP of Bulgaria is anticipated to record a surge of 2-2.5%. Compared to the overall economy, the Bulgarian construction sector is still lagging behind in revival. This is reported in the actual market report by Buildecon. In 2011, growth rate is to be negative for the third year in a row. The pace of reduction is slower than in 2010 and in 2009, and the bottom is to be hit in 2011 at around € 7bln for construction output (at current price) and the sector is to start to rebound in 2012. In 2012, the share of civil-engineering is to exceed 50% of the total output.

25, 2012 January:

World needs 600 million new jobs in next decade

The International Labour Organization sounded the alarm on the global jobs situation in its annual report on Monday and called for more coordination of fiscal policies, repair and regulation of the financial sector and support for the real economy.

20, 2012 January:

7 things that won’t happen in 2012

As Europe struggles with debt, the future of global property is uncertain. Reports suggest market recoveries one week, financial slides the next, while some still believe that the world will end in December. How do you know what property to buy? To clear up the confusion, here are seven things that won't happen in 2012...

19, 2012 January:

Unemployment rises to 17-year high of 2.68m

Britain's economic recovery faced a further setback today as unemployment rose more than expected and the number of people working part-time because they could not find full-time jobs reached a record high, figures showed.

17, 2012 January:

Foreigners start almost half of US’s most innovative firms, research finds

Almost half of America’s top 50 cutting edge companies have been founded by foreigners, according to a new report released by the National Foundation for American Policy (NFAP).

13, 2012 January:

Miami homebuilder says orders jump 20%

Lennar Corp - the big builder from Miami with several local projects - reported its second profitable year in a row Wednesday. And, the company says, its orders for new homes are up 20 percent.

IKEA: The Subway Station Apartment

Just got off a train? Need a place to stay? Come into the IKEA Apartment. The ever-innovative company set up a temporary flat in a Parisian metro station for five people to live in for six days.

12, 2012 January:

New Facebook property portal launches

A new property portal is set to give Facebook users the chance to buy, sell or rent a property via the social networking site for the first time.

Record 2011 as Engel & Völkers smash €200m barrier on commission

2011 was a record year for the Hamburg-based overseas property agency Engel & Völkers Group, with overall commission revenues topping €200 million for the first time.

06, 2012 January:

Christchurch needs tens of thousands for 2012 rebuild

Tens of thousands new jobs are set to be created in the construction industry in Christchurch, New Zealand, in 2012 to cope with the city being rebuilt following two destructive earthquakes last year.

Aldar bailout could spell good news for Abu Dhabi

Abu Dhabi’s bailout of the emirate’s biggest holdings company Aldar Properties PJSC could spell good news for the area if the firm can focus its resources, according to a financial services specialist.

03, 2012 January:

Megaworld emerges as the biggest developer in the Philippines

The Philippines-based developer Megaworld Corp has had an excellent 2012, emerging as the country’s largest builder of residential condominium units with a massive pipeline in place for the next 5 years, according to research from the consultancy Colliers International.

20, 2011 December:

Amazon.co.uk most popular retailer with shoppers abroad

The 10 UK shops which are most popular with online shoppers overseas have been revealed

19, 2011 December:

Spanish developer QSD nets best sales figures for three years

Spanish developer QSD International Group has just had its best November sales figures for 3 years, says sales director Andrew Barclay Guy, mainly as a result of the decision by the Spanish government to reduce VAT on new home sales until the end of this year.

16, 2011 December:

UAE developers need to improve apartment handovers says Cluttons

The international agency group Cluttons has accused developers based in the UAE of not trying hard enough to hand over the management of apartment blocks to their owner associations because of the financial gains involved.

13, 2011 December:

Squatters seize $8m in homes

Squatters seized over $8m worth of property in Texas this year. One claimed a house left by his dead neighbour. Another took over a $2.7m mansion, prompting authorities to ask the attorney general to intervene. Using legal loopholes, squatters are seizing more opportunities to "liberate" empty homes as a form of protest, social outreach or even buy-to-let investment.

06, 2011 December:

TheMoveChannel.com seeks new sales manager

TheMoveChannel.com is on the lookout for a new sales manager. The leading independent overseas property portal, part of the Lead Galaxy network, is searching for a new face to grow its strong base of clients, as well as those of A Place in the Sun, Homes Go Fast and others. Do you have the experience to take the portal into the New Year?

A million more homes now in fuel poverty

One in four households have slumped into fuel poverty as a result of stagnating incomes and energy price rises.

05, 2011 December:

Bulgarian companies must re-register by end of 2011

The Law on the Trade Register, which came into force in 2008, states that all existing companies in Bulgaria must be registered in the new Online Trade Register by Saturday 31st December 2011. If not, they will be removed from the register of companies in Bulgaria resulting in loss of their assets (including real estate).

02, 2011 December:

Own a piece of the Empire State Building?

Visitors to New York may soon be able to own a part of the Empire State Building, reports CNN. The famous skyscraper "may soon become part of a public company", according to documents submitted to the Securities and Exchange Commission this week by Malkin Holdings LLC.

Belvoir announces launch of five new offices

Belvoir Lettings, one of the UK’s largest specialist residential lettings agencies, has announced the launch of five new offices.

01, 2011 December:

Video - Kimco IPO changed real estate investment

Kimco Realty Corp’s decision to go public in 1991 kicked off what is now considered the Modern Real Estate Investment Trust Era. Twenty years later, Kimco President and CEO David Henry says the company’s initial public offering changed the face of commercial real estate investment.

A Place in the Sun announces March show

A Place in the Sun Live has officially announced its return to London with a feature-packed event at Earls Court in March 2012. The show, which is Europe's largest overseas property exhibition, will run from Friday 30th March to Sunday 1st April next year.

30, 2011 November:

Osborne ends Stamp Duty holiday for first-time buyers

The Stamp Duty holiday for first-time buyers will not be extended and will end on March 2012, George Osborne announced today.

Fuerteventura development hits record-breaking sales

Canary Islands developer GoldAcre Estates has had a record-breaking sales year at its Miramar residential development in Caleta de Fuste on Fuerteventura, the second largest island in the Canary Islands archipelago.

29, 2011 November:

Video - Australian floods leave more than 2,000 residents stranded

Flooding in the Australian state of New South Wales has cut off roads and left more than 2,000 people in the region stranded.

22, 2011 November:

Industry leaders call for joined-up Portuguese promo campaign

The new Portuguese Minister of Tourism, Cecilia Meireles Graca, heard calls for the country to launch a new, well-coordinated communication, pricing and financial support strategy to help rebuild its residential tourism sector when she held a high-level meeting in London with senior leaders from the overseas property industry last week.

The Berkeley Group scoop 12 awards at the prestigious What House? Awards 2011

The Berkeley Group, Britain's leading urban regenerator and well-respected housebuilder based in Cobham, Surrey has taken home 12 awards at this year's prestigious What House? Awards.

16, 2011 November:

TheMoveChannel.com cuts consumer cost with Currency Index

TheMovechannel.com has launched a new partnership with Currency Index, offering real estate agents marketing services in exchange for recommending clients to the currency broker. The deal will give agents advertising and help buyers to beat high street exchange rates, keeping the cost of their new home down.

New Zealand needs skilled overseas workers to rebuild Canterbury

Tens of thousands of skilled workers are needed in New Zealand to work on reconstruction projects in Christchurch in the wake of the town’s devastating earthquakes.

09, 2011 November:

TheMoveChannel.com adds Zoopla UK property

TheMoveChannel.com has signed a new deal with Zoopla to add the real estate site’s UK property to its international listings. The agreement will see the leading overseas portal extend its portfolio to include domestic real estate, meeting the strong demand for UK residential and buy-to-let property from global investors.

01, 2011 November:

New fund targets £250 investment in London residential

A new property fund is being created targeting London residential in order to capitalise on the development funding-gap which has arisen due to reduced bank lending.

RICS seeks to improve estate agency standards

The Royal Institution of Chartered Surveyors has launched its new edition of its UK Residential Property Standards with the aim of changing the way people view estate agents.

24, 2011 October:

Video: Property Investor Show 2011 – Exhibitor interview – Smart New Homes

An interview with Smart New Homes, the portal where you can search for new homes direct from developers, at the Property Investor Show 2011.

21, 2011 October:

IKEA unveils 26-acre scheme near London Olympic site

The IKEA group, best known for its cut-price furniture stores, is planning a huge development around the Olympic park in east London that will help regenerate the rundown area with hundreds of homes and new office space.

05, 2011 October:

Singapore is best location for expat entrepreneurs

Singapore, Hong Kong and the US have been rated as the easiest countries for expats to set up their own business.

28, 2011 September:

A Place in the Sun Live opens on Friday

It’s just a couple of days to go until the A Place in the Sun Live show opens at the NEC Birmingham this weekend. Europe’s largest overseas property show starts on Friday 30th September, with hundreds of exhibitors representing properties from around the world – and TheMoveChannel.com can still get you free tickets.

26, 2011 September:

Former agency boss given suspended sentence after fraud offences

The former boss of a Redditch and Worcester-based lettings agency has been given a suspended jail sentence for fraud offences which led to hundreds of clients losing money they had paid as deposits.

19, 2011 September:

EDF Energy price hikes add to homeowners’ woe

The last of the big six energy providers announced a price increase this week, when EDF Energy said electricity would rise by 4.5 per cent and gas by 15.4 per cent from November 10.

16, 2011 September:

Anger at town halls after they write off debts of £135 million

Debts worth nearly £135 million have been written off by London councils after they failed to claw back overpaid benefits, dodged council tax bills and unpaid parking fines.

06, 2011 September:

Netflix starts rolling out streaming service to Mexico, Latin America and The Caribbean

Movie and TV subscription service Netflix has announced the arrival of its service in Mexico, Latin America and the Caribbean in the coming week. Netflix launched today in Brazil and will be launched in 43 countries in Latin America and the Caribbean by September 12.

05, 2011 September:

Asia Pacific world's cheapest for building property

The Annual Construction Cost Comparison Report by EC Harris Research has revealed that countries throughout the Asia Pacific region have significantly lower building costs than their counterparts in The West.

02, 2011 September:

Rebels set sights on Gaddafi’s £10m UK mansion

Muammar Gaddafi’s £12bn ($19.5bn) of UK assets, including cash and a £10m in London’s Hampstead neighborhood, are the new targets for the rebels that deposed the former Libyan leader.

Canada launches online immigration consultation

Citizenship, Immigration and Multiculturalism Minister Jason Kenney has launched online consultations on the appropriate level of immigration for Canada and the most suitable mix between economic, family class and protected persons.

31, 2011 August:

Industrial vacancy rates drop to 11.8 per cent in Central Europe

Companies present in Central Europe showed keen interest in taking space at modern industrial properties during the first six months of 2011, according to a new research report issued by Cushman & Wakefield (C&W).