This weekend saw news of rising equities as market fears over the banks ease.
It was a calmer weekend for commercial property in the national papers than has been the case recently but still some unwelcome evidence of further falls in capital values.
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The property industry has cautiously welcomed today’s cut in official interest rates to 0.5%, but has warned that it will make it even harder for financial institutions to lend.
The Bank of England has cut interest rates by 50 basis points to 0.50% in a move widely predicted by City analysts.
Banks have taken vital overdraft facilities from nearly half of the UK’s largest property and construction firms, thus cutting their liquidity, says research from Roland Berger Strategy Consultants.
Economists are expecting the Bank of England to cut interest rates by 50 basis points to 0.50% today.
What’s the outlook for property in Greater Manchester? How does the industry feel about the market?
The rate of administrations and job cuts in property-related sectors seen at the beginning of 2009 eased in February, according to the latest EGi Property Jobs Tracker.
Job cuts reported by Estates Gazette across the UK property industry
Demand for residential farmland plummeted in 2008, according to the RICS.
UK Coal said this morning that good planning progress during the year and a significant rise in the value of its agricultural estate had helped offset the downward pressures on…