Browsing Tag

property

Spanish property market implosion

The Telegraph reported Friday that sales in the Spanish property market have plunged and many British vaction home investors will find themselves under water."In the clearest sign yet that the boom is over, the developers said the combined…

The UK Economy

Recent news out of the UK has been very negative. There is so much data piling up suggesting that the UK is quickly moving toward a US-style housing collapse that I am going to use this blog entry to post recent news stories without…

Commercial real estate is next

A Bloomberg article today highlight's the Commercial real estate sector (CRE) as the next leg down in the U.S. property bubble. The article states:With 312,000 private-sector jobs lost in the last four months, foreclosure rates more than…

UK home repossessions have soared

That's the title of a UK Telegraph article on a report showing that UK repossession orders have increased to levels not seen since the housing bust of the early 1990s. According to this morning's BBC 5 Live program, "Wake Up To Money," the…

European House Prices are slowing

While we all expected house prices to slow and even fall in bubble markets like Ireland, the UK and Spain, it comes as news to me that prices are slowing in Germany as well. I was just in Germany this past month, and while there were…

More on HBOS

The Lex column in Yesterday's FT highlights what many market players are thinking about the company's £4 billion ($8 billion) rights issue: the economic outlook in the UK is worse than feared."The main potential explanation for the apparent…

Housing Prices

This blog entry will serve as a timeline to track housing prices over time as they are reported. US: S&P/Case-Shiller Index 2007 03 27 S&P/Case-Shiller Home Price Index Declined 0.2% 2007 04 24 S&P/Case-Shiller Home Price…

HBOS to raise new capital

As I predicted on Saturday, HBOS has got caught up in the global mortgage meltdown. Bloomberg reports:HBOS Plc, the U.K.'s biggest mortgage lender, will sell 4 billion pounds ($8 billion) of shares to bolster capital depleted by asset…

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