Monday, 03 March 2025

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China Property Market Risks Chaos If Controls Eased: Wen

China's home prices are still far from falling to a reasonable level, and efforts to curb real estate speculation must be maintained or risk chaos and a property bubble which would harm the economy if it burst, Premier Wen Jiabao said on Wednesday.

All change in the Spanish property lending market

Spanish Prime Minister Mariano Rajoy is on a clean up mission to try to put his country's mortgage market back on track.Gone are the days when local newspapers had adverts offering fake P60s for credit purposes but it could take some time for the lending industry to become more mature, according to experts.

China Shares End Lower As Property Stocks Hit By Central Bank Comments

China shares ended 0.2 percent lower on Monday, led by property developers, after the head of the Chinese central bank said that the government was not using bank reserve requirement ratio (RRR) cuts to help the stock market and the property sector.

EDITOR'S PICKS

UAE Real Estate Developers ALDAR, Sorouh Eye State-backed Merger

Abu Dhabi's Aldar Properties, rescued twice by the government with bailouts totaling $10 billion amid a property slump, may merge with local rival Sorouh Real Estate in a state-backed tie-up, the two firms said on Sunday.
By Staff Reporter
Should UK Adopt Vince Cable's Wealth Tax on Mansions? [ANALYSIS]

Liberal Democrat business secretary's idea of taxing mansions has as many enemies as friends. (Business Secretary Vince Cable wants to introduce a "mansion tax" on properties worth over £2m (Reuters) ) In the build-up to Chancellor George Osborne's 21 March budget, the two component parties of the coalition government are engaged in a fierce public policy battle.
By Staff Reporter
Quotes from CPPCC members

Following are some quotes from Zhang Qiong, a political adviser, at the annual session of theChinese People's Political Consultative Conference (CPPCC) National Committee onSaturday:
By Staff Reporter
A Tough Bonus Season Looms for Wall Street and New York

The fiscal downturn has hit Wall Street executives where it hurts most --their wallets -- and locales dependent upon their income rank as collateral damage.
By Staff Reporter
U.S. to Sell $6 Billion in AIG Stock

The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
By Staff Reporter
China Will Maintain Curbs on Housing Despite Relaxing Rules in Cities

Attempts by Chinese city governments to introduce property market boosts will be stamped out as the country's central authorities are determined to maintain curbs on housing.
By Staff Reporter
Obama Expands Housing Relief to Military, FHA Borrowers

President Barack Obama announced two measures Tuesday to expand housing relief to military members and borrowers with loans backed by the Federal Housing Administration (FHA).
By Staff Reporter
RICS Launches New Real Estate Qualification

Royal Institution of Chartered Surveyors(RICS) has launched a new qualification, allowing those from non-traditional educational backgrounds to gain recognition of their experience in residential, commercial and mixed-use property.
By Staff Reporter
Stockton, California's impact on muni landscape

Last week the Stockton, California, city council approved a plan to default on about $2 million of debt payments in an effort to avoid becoming the largest U.S. city to file for bankruptcy.
By Staff Reporter
Luxury City Property Prices Booming

Global billionaires have weathered the latest economic uncertainty better than many with ultra high net worth individuals increasingly storing their wealth in bricks and mortar.
By Staff Reporter