21 mai 2008
Housing Bust Shakes Migration, Sparks Euro Talk: Matthew Lynn
source: Bloomberg
A decade from now, the post-slump British economy should look a lot healthier. It will have a more diverse mix of industries, not just dynamic financial services.
The destination may not be bad, but it will be a bumpy road.
La Roadmap de la crise immobilière et économique en UK....
Chute attendue des prix de l'immobilier au Royaume-Uni
source: La Tribune
Selon le Council of Mortgage Lenders, ils risquent de plonger de 7% cette année. Le nombre de transactions devrait chuter.
18 mai 2008
Is Britain's love affair with the property market finally over?
source: Times
Still, there are few signs that the national property obsession is abating. If anything, the repossession crisis appears to have already turned into an opportunity. At an auction in Kensington town hall, the room is so packed that there aren’t enough chairs to seat the potential buyers. The sale is full of repossessions, including new-builds and former housing-association properties in London going for £100,000-200,000 – a price bracket that one might be mistaken for thinking was part of the capital’s history. The Royal Institution of Chartered Surveyors acknowledges a rise in repossessed residential properties offered at auction that now attract ordinary buyers seeking bargains. And the giddy atmosphere in Kensington attests to the buyers’ hope that they will find the downturn’s property pickings. Edward Parry of Moneysorter, a personal-finance website, calls it the “vulture syndrome”. “It’s the upside of the downturn: first-time buyers can pick up cheaper properties.
14 mai 2008
Grande-Bretagne : une photo volée alimente le débat sur la crise immobilière
source: Le Monde
Ces propos vont à l'encontre du discours de Gordon Brown, qui affirme que la Grande-Bretagne est
en position de force pour surmonter les effets négatifs de la crise des
subprimes. Caroline Flint a minimisé l'incident, en déclarant que ces
notes ne
représentaient pas les prévisions officielles du gouvernement mais
simplement les opinions d'analystes.
Mort de rire
Immobilier : y aura-t-il une issue à la crise immobilière en Grande Bretagne ?
source: Prix Immo
L'immobilier britannique semble bel et bien engagé dans une tempête dont on ne connaît pas encore l'issue.
13 mai 2008
Surveyors' mood is gloomiest in nearly 30 years as slump deepens
source: Times
The balance of surveyors reporting that house prices had fallen rather than
risen increased to 95.1 per cent last month, up from 79.4 per cent in March,
figures from the Royal Institution of Chartered Surveyors (RICS) show. This
is the biggest margin since the figures were first compiled in 1978.
Ian Perry, of RICS, said: “The real issue is the collapse in the number of housing transactions. This has very real implications, not just for the property industry but also the high street and the wider economy. Sales of white goods are likely to suffer if this low level of turnover persists for much longer.”
Exposed! Minister's fears on house price falls
source: The Independent
Housing Minister Caroline Flint warned the Cabinet that "at best" prices are set to fall by 5 to 10 per cent this year. She also briefed colleagues that housebuilding was "stalling", adding starkly: "We can't know how bad it will get."
L’immobilier britannique dans la tourmente
source: L'Expansion
Les prix de l'immobilier au Royaume-Uni sont en baisse pour la première fois depuis 12 ans et le nombre de crédits immobiliers à été divisé par deux. Jusqu'où la crise ira-t-elle?
11 mai 2008
Repossessions hit 16-year high as lenders 'turn to courts first'
source: Times
Home repossession orders are now at their highest levels since the housing market crash of the early 1990s, and are expected to continue rising during the rest of 2008, as the credit crunch and a slowing economy put the squeeze on home owners. Although not all court orders result in repossession – with about half being suspended – more than 30,000 families are likely to be evicted from their homes this year.
Thousands in Leeds left out of pocket by the buy-to-let crash
source: Times
The bursting of the bubble fuelled by the middle-class stampede into buy-to-let investment has caused a surge in repossessions of city-centre apartments across the country. Nowhere is the impact more visible than in Leeds, whose landscape has been transformed since it belatedly embraced the concept of city-centre living at the turn of the century.