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[2012-10-12] Downsizing driving Scottish home mover property market
Downsizing driving Scottish home mover property market
12/10/2012 13:20
Downsizing is now the main reason for people selling homes in Scotland, with a wider cross section of people considering it as an option, according to new research.
One in five Scots home owners are downsizing earlier than expected, with a third intending to trade down to help reduce household bills, says the report from the Bank of Scotland.
That means that 44% of potential home movers in Scotland are look... |
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[2012-10-12] UK home owners warned over weather related insurance
UK home owners warned over weather related insurance
12/10/2012 13:20
As winter approaches and weather related claims start to rise, AXA is urging customers to carry out home maintenance as six in ten make wrong assumptions about the cover provided against stormy weather.
The insurer reveals that every year it turns away around one in twenty storm damage claims because damage has been caused not by the weather but by a lack of maintenance of the policyholder's home.
Yet researc... |
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[2012-10-12] Alpine property markets hotting up
Alpine property markets hotting up
12/10/2012 13:30
The last year has seen a turning point in the alpine property market with the majority seeing price stability or an increase in asking prices and prices expected to rise in the next 12 months.
The Alps is an enormous area and generalisations are difficult, but according to the latest analysis report from Savills of 28 resorts surveyed across Austria, France and Switzerland, some 72% are either seeing price stability or an inc... |
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[2012-10-11] Weak liquidity remains constant source of worry for banks at year-end
Weak liquidity remains constant source of worry for banks at year-end
October, 11 2012
Commercial banks, especially the small ones, are gearing up to mobilize capital from the public in order to ensure their liquidity in the last months of the year.
Businesses are now entering the sprint race to foster the production and boost sales in order to fulfill the yearly business plans. Therefore, it is now the time when they withdraw money from banks to put into production to realize profits. Comme... |
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[2012-10-11] BUSINESS IN BRIEF 11/10
BUSINESS IN BRIEF 11/10
October, 11 2012
South develops support industry The authorities of the southern province of Ba Ria-Vung Tau proposed to build a zone for logistics services and support industry in the southern area of the Cai Mep Industrial Zone. Sai Gon Construction Corporation, the investor of the Cai Mep Industrial Zone, had not put an investment in the southern area as it stated under its five-year plan in when it got approval from the provincial authorities. The zone for logi... |
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[2012-10-09] Office market shows new life
Office market shows new life
09/10/2012 13:10
The legal, oil and gas sectors experienced a number of new tenants’ setting up operations and seeking office accommodation.
After consecutive quarters of decline, Ho Chi Minh City’s office for lease market has seen signs of recovery in short term with a stable demand for Grade A space and rental levels and a slight increasing of Grade B rents.
CBRE Vietnam’s director of office leasing department Greg Oh... |
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[2012-10-09] Retail segment faces challenges
Retail segment faces challenges
09/10/2012 13:20
Trading centres in Hanoi are struggling to retain tenants and shoppers who are tightening their purse strings in a difficult economic landscape.
According to property consulting company CBRE, vacancies intensified in both central business district (CBD) and non-CBD projects, following large tenants’ moving out, while consumer spending was still focused on basic necessities.
The average CBD vacancy rate went up b... |
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[2012-10-09] Vingroup throws open doors to Hanoi’s Mega Mall
Vingroup throws open doors to Hanoi’s Mega Mall
09/10/2012 13:20
Vingroup recently launched leasing campaign for Vincom Mega Mall Royal City in Hanoi, to become Vietnam’s retail business market leader with more than 1 million square metres of high-end space by floor space by 2015.
Boasting entertainment features never featured in Vietnam before, Vincom Mega Mall Royal City is scheduled to open in July, 2013. Vingroup has invested in an international Mega Mall s... |
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[2012-10-09] Thien Minh basks in the sun
Thien Minh basks in the sun
09/10/2012 13:25
Given the advantages of a well-managed hotel and resort chain, creativeness, strong financial ability and the experience of subsidiaries, we believe in our success.
Vietnam’s Thien Minh Group is determined to become Vietnam’s largest travel and hotel management firm. The pledge follows its acquisition of The Victoria Hotels & Resorts from Hong Kong-based EEM Victoria Limited and the group recently gathered all Victoria... |
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[2012-10-09] Hoi An projects could wash away
Hoi An projects could wash away
09/10/2012 13:35
A group of luxury resort properties on the world heritage Hoi An’s Cua Dai beach are under dire threat from accelerating erosion of oceanfront land.
These projects include Sunrise Hoi An Resort owned by Ocean Hospitality & Service JSC, Hoi An Hideway Resort, a resort developed by Hoi An Tourist Holding Company and the other project of Cu Lao Cham Tourist JSC.
Just three years ago, those resorts were protecte... |
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[2012-10-08] Realty insiders look to boost liquidity
Realty insiders look to boost liquidity
08/10/2012 13:15
Ho Chi Minh City Construction Department’s survey found that about 20,000 apartments in the city’s realty market are unsold, out of over 45,000 apartment units that have been recently constructed and put into use.
Common apartments represent around 40 per cent of the total, with the remainder in the medium and high-end segments. Meanwhile, successful transactions in the past months mainly involved apartments pr... |
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[2012-10-08] Real estate projects in line for the chop
Real estate projects in line for the chop
08/10/2012 13:20
A property is seen being built in District 7, Ho Chi Minh City in this March 25, 2011. Photo: Tuoi Tre
A multi-ministry team has begun to inspect real estate projects in cities and provinces across Vietnam this month to determine which to close down.
Deputy Construction Minister Nguyen Tran Nam said representatives from construction, finance, government office, investment and planning and natural resources a... |
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[2012-10-08] Nationwide sounds death knell for interest only mortgages
Nationwide sounds death knell for interest only mortgages
08/10/2012 13:30
One of the UK biggest lenders has become the latest mortgage provider to pull out of the interest only market, saying it will no longer offer this type of deal from next week.
The Nationwide Building Society said that interest only mortgage lending has become a niche area and it will stop offering mortgages on this basis from next Thursday.
Customers who are currently on an interest only deal... |
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[2012-10-08] UK property prices trending lower and no change expected going into 2013
UK property prices trending lower and no change expected going into 2013
08/10/2012 13:35
House prices in the three months to September were 0.5% lower than in the preceding three months. This compared with a 0.3% decline in August.
UK home prices fell by 0.4% in September and were 0.5% lower in the preceding three months, according to the latest index from lender the Halifax.
It was the third consecutive monthly fall and has more than offset the two successive rises in May and... |
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[2012-10-08] Price of new homes still rising across most of the UK
Price of new homes still rising across most of the UK
08/10/2012 13:40
The average price of a new home in the UK is now £13,507 more than it was a year ago, a rise of 6%, with most regions seeing price increases.
The average price in August was relatively at £234,783, down 0.3% since July and 0.1% over the last three months, the latest data from the SmartNewHomes index shows.
Overall the monthly figures show that on a month on month basis new home ... |
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