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- 22 Feb 2012 | 5:40 pm Treasury Holdings “insolvent”, NAMA claims Treasury Holdings “insolvent”, NAMA claims The Treasury Holdings Group of companies is insolvent and past the point of commercial rescue, the National Asset Management Agency said today. Source: Property Week - Finance & recovery Created on: 22 Feb 2012 | 5:40 pm
- 22 Feb 2012 | 5:06 pm UPDATE: SFO allegations against Vincent Tchenguiz emerge in court for the first time UPDATE: SFO allegations against Vincent Tchenguiz emerge in court for the first time The reasons for the arrest of Vincent Tchenguiz were spelled out in court for the first time today PropertyWeek.com can reveal, as alongside his brother Robert, he was granted a judicial review. Source: Property Week - Finance & recovery Created on: 22 Feb 2012 | 5:06 pm
- 22 Feb 2012 | 12:22 pm Tchenguiz brothers granted judicial review over SFO raid Tchenguiz brothers granted judicial review over SFO raid Vincent and Robert Tchenguiz have been granted a judicial review of the circumstances surrounding their arrest following the Serious Fraud Office investigation into the collapse of the Icelandic bank Kaupthing. Source: Property Week - Finance & recovery Created on: 22 Feb 2012 | 12:22 pm
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22 Feb 2012 | 9:32 am
Accurate inventory is key as tenants staying in one home for longer, data shows
Accurate inventory is key as tenants staying in one home for longer, data shows
Tenants staying in same property for record durations, latest figures show
New figures from the Association of Residential Lettings Agent (ARLA) show that tenants are staying put in the same property for record durations in the UK.
In 2009, ARLA members recorded the average length of a tenancy across the UK as 16.5 months but this number has increased by 17% as the latest research shows renters are now spending on average 19.3 months in their homes.
‘Possibly as a reaction to tough financial times, tenants seem to be spend longer in their rented properties and the average tenancy is[…]
Source: Property Community
Created on: 22 Feb 2012 | 9:32 am
- 22 Feb 2012 | 12:00 am Barratt Developments swing back to H1 profit Barratt Developments swing back to H1 profit Barratt Developments, the UK's biggest housebuilder by volume, today reported that it had swung to a H1 profit of £12.1 million from a loss of £9 million in H1 the previous year, as it followed other housebuilders in raising prices. Sales f Source: UK Business Property - RSS Feed Created on: 22 Feb 2012 | 12:00 am
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21 Feb 2012 | 7:18 pm
CPP Group fears collapse
CPP Group fears collapse
CPP Group Plc, which provides credit card and identity protection, claims that a mis-selling investigation by the Financial Services of Authority (FSA) could put it out of business.
The FSA has been reviewing the firm for a year following complaints over the way it sold card protection and identity protection products.
The regulator has now ordered the suspension of CPP’s shares and has called for a far-reaching investigation into past sales in order to assess how much mis-selling occurred.
It is claimed that CPP over-stated the potential risks of identity theft when selling products and it could be forced to[…]
Source: Finance Markets
Created on: 21 Feb 2012 | 7:18 pm
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21 Feb 2012 | 1:43 pm
Government on track to beat borrowing target
Government on track to beat borrowing target
The government expects to either achieve or exceed its target of borrowing no more than £127bn this year, after recording its biggest surplus for four years in January.
In the tax year to date the government has borrowed £93.5bn and in January it made a net repayment of £7.75bn, excluding financial interventions.
Although a surplus is traditionally expected in January, because of an increase in tax receipts, January 2012’s result was significantly higher than the previous January’s surplus of £5.2bn.
The figures suggest that the government is making progress with a key element of its economic policy – eliminating the[…]
Source: Finance Markets
Created on: 21 Feb 2012 | 1:43 pm
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21 Feb 2012 | 10:07 am
Economic growth and rising tourism kick starts second home market in Albania
Economic growth and rising tourism kick starts second home market in Albania
Albania still seen as an emerging market for overseas property
Although Albania is still deemed an emerging market for overseas property, it is exactly this kind of nation that presents some of the very best second home opportunities, it is claimed.
With property prices in Albania among some of the cheapest in Europe coupled with rising tourism and economic growth, Albania is fast becoming a real contender in the second homes market.
Whilst this Balkan nation offers a typically Mediterranean climate and inspiring ancient history, there have been limited opportunities for overseas property purchasers to confidently enter the Albanian property[…]
Source: Property Community
Created on: 21 Feb 2012 | 10:07 am









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