Latest Property News

• British Land buys 17 Virgin Active clubs for £179 million
  

  Published 08th Jul 2011

  Property investor British Land (BLND.L) bought a portfolio of 17 freehold and leasehold Virgin Active VIRGI.UL premium racquet clubs from French bank Societe Generale (SOGN.PA) for 179 million pounds

• High street property woes gain as retailers teeter
  

  Published 08th Jul 2011

  High streets in urban hubs outside London have little hope of escaping already dismal vacancy rates, rents and capital values in late 2011, as a fresh round of struggling retailers shut shops outside the capital

• Housing market shows unexpected resilience
  

  Published 08th Jul 2011

  Housebuilders see signs that the housing market is proving more resilient than many feared due partly to pent up demand from people who need to move house despite mortgages still being tough to obtain

• British Gas hammers cash-strapped households with huge 18% increase in fuel prices for the second time this year
  

  Published 08th Jul 2011

  Millions of British Gas customers were left reeling today as the energy giant added huge increases to the price of domestic gas and electricity, piling more misery onto households

• Bank keeps key rate on hold, no rise seen till 2012
  

  Published 07th Jul 2011

  The Bank of England kept its key interest rate at a record low on Thursday, as expected, and is likely to stay put for the rest of the year as the economy struggles to gain momentum

• Iconic Palm Jumeirah in Dubai sees property prices at four year low
  

  Published 07th Jul 2011

  Prices of property on the Palm Jumeirah development, one of Dubai’s most iconic landmarks, have fallen to a four year low, with apartments being offered for as little as AED650 ($176) per square foot

• Prime central London sales and lettings markets booming
  

  Published 07th Jul 2011

  Residential property price in prime central London have increased by approximately 8 to 9% over the first half of this year, new research shows, and the letting market is also booming