- Brown pleases property industry with green signal for REITs
LONDON - Chancellor Gordon Brown has announced that he will move legislation to allow Real Estate Investment Trusts (REITs) next year. Property firms were vocal in demanding that Brown follow the example of other countries where the scheme is a big success and Brown finally gave his nod on Monday.

Published on : Wed, 31 Dec 1969 14:52GMT

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- Gordon Brown’s bitter SIPP
LONDON - Chancellor Gordon Brown produced a surprising U-turn on the SIPPs provisions by scrapping them altogether claiming that there was plenty of scope for misuse of the same. This means that pensioners can no longer put second or holiday homes, wines and other valuable assets on their self-invested pension plans

Published on : Wed, 31 Dec 1969 11:12GMT

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- Boost in buy-to-let attributed to pensions’ crisis
Many house owners are now more reluctant to sell their properties than before. They are viewing their properties as a long-term pension investment, and therefore want to rent them. This is a consequence of UK’s pensions’ crisis, according to the Royal Institution of Chartered Surveyors (Rics).

Published on : Wed, 31 Dec 1969 13:52GMT

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- Crest Nicholson says housing market will be stable in 2006
LONDON- Housebuilder Crest Nicholson PLC has announced that the trading for the current year was in line with expectations and that it was confident of the housing market remaining the same for the next year as well.

Published on : Wed, 31 Dec 1969 14:32GMT

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- People wary about investing in shares and property
Private investors are now treading cautiously on the stock market. In fact, fewer people are now planning to invest freshly in equity. The news is not dissimilar on the property front too, as investors confidence levels are low about returns from property through house prices even as house prices seem to be stabilising.

Published on : Wed, 31 Dec 1969 15:04GMT

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- Project Entropia’s Treasure Island lucky for investor
GOTHENBURG, SWEDEN - Project Entropia, the rapidly growing online game with a massive following today said that a 23-year-old gamer known by the screen name of Deathifier who had invested £13,700 in an island has recouped his entire investment in just under a year's time.

Published on : Wed, 31 Dec 1969 07:04GMT

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- House prices static, annual increase rate up in October, says Halifax
House prices remained unchanged in October, according to Halifax. The survey by the country's largest mortgage lender, however, said the annual rate of increase in the prices got to a five-month high at 3.9 per cent from 3 per cent a month ago. This is an indication of the stability that has come to the property market, the agency said.

Published on : Wed, 31 Dec 1969 16:52GMT

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- Propertyfinder.com snapped up by Murdoch’s News Corp
LONDON - The third largest property portal in Britain, Propertyfinder.com, was today acquired by Rupert Murdoch's newspaper group News Corp for £14.3 million ($25.3 million).

Published on : Wed, 31 Dec 1969 08:32GMT

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- Buy to let sector gains in the third quarter
LONDON - Buy to let properties continued to be in great demand in the third quarter of the year with landlords displaying more confidence as the demand for rental property surged ahead, according to the latest buy-to-let Confidence Survey from Mortgage Express.

Published on : Wed, 31 Dec 1969 09:48GMT

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- RICS predicts SIPPs property boom
LONDON - The Royal Institution of Chartered Surveyors (Rics) says that the introduction of new rules in self-invested personal pensions (SIPPs) from April next will spark a boom in the property market with sales of UK homes jumping by 3.5 percent over the next three years.

Published on : Wed, 31 Dec 1969 15:52GMT

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