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BANKERS AND BUILDERS -- STOCKS TO WATCH IN A SLOWING PROPERTY MARKET

Although there remains a great debate over the issue of a bubble ready to burst in the Australian property market, the evidence appears to support a slowing. Housing starts here in Australia fell almost 13% in 2011 and are forecasted to fall another 5.9% in 2012, according to the Housing Industry Association (HIA).

Bank of England expert predicts future UK property boom

An ageing population and an increasing number of immigrants are set to fuel a property price boom in the UK, it is claimed. According to Professor David Miles, who sits on the Bank of England’s monetary policy committee which sets interest rates, people will also be older when they buy their first property because of changes in the mortgage industry due to the credit crunch.

Banks, property firms still most profitable in UAE

Vicky Kapur Emirates 247 23.11.2010

German bank's property woes crystallized at Snowmass Village

Jonathan Keehner and Oliver Suess Bloomberg 31.08.2010
Banks, property firms still most profitable in UAE

Financial services firms, including banks, insurance and investment companies, and real estate/construction companies are among the most profitable companies in the UAE, dominating the list of the Top 25 profitable entities in the country.

German bank's property woes crystallized at Snowmass Village

MUNICH — Snowmass Village, the Colorado ski town neighboring Aspen, got a lift in 2007 when Hypo Real Estate Holding agreed to arrange $520 million of loans to complete a $1 billion year-round resort.

US banks take hit to clear home loan books

Suzanne Kapner ft.com 17.02.2010
US banks take hit to clear home loan books

Big US banks including Bank of America, Wells Fargo, JPMorgan Chase and Citigroup are moving to clear their books of troubled mortgages by embracing "short sales", in which homeowners settle debts by selling their properties for less than the mortgage value.

Banks facing commercial property meltdown

At the height of the property boom in 2006, Shrewsbury's shopping centre was sold for £118m with only six of its 135 units lying empty.

State must not bank on bailout of bad mortgages

Brian Lucey The Irish Times 03.02.2010

Ongoing Bank Failures Tied to Commercial Real Estate

Trey Thoelcke Blogging Stocks 25.01.2010
State must not bank on bailout of bad mortgages

OPINION: GROWING UP beside the seaside, one becomes familiar with the sea and its actions. One thing that becomes clear is that while the first wave of a storm may do great damage, it is the subsequent waves that complete the destruction, writes BRIAN LUCEY

Ongoing Bank Failures Tied to Commercial Real Estate

The FDIC said this week that it expects distressed loans tied to mortgages and commercial real estate failures to result in many more bank failures this year. Last year 140 U.S. banks failed, the highest annual level since 1992. The FDIC has said the total bill for bank failures for the period of 2009 through 2013 could reach $100 billion.

UK considers Obama-style banking revolution

Andrew Clark in New York and Jill Treanor The Guardian 21.01.2010
UK considers Obama-style banking revolution

US officials will fly to London next week to discuss with ministers how sweeping changes to the banking system outlined by President Barack Obama to fight Wall Street's excesses might be implemented in the City.

Dealing with Irish banks’ huge debt

Dealing with debt is going to be one of the themes of 2010 - for developers, businesspeople, mortgage holders and, indeed, for the state. The most damaging legacy of the boom years is the massive indebtedness of many households and businesses.


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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.