AP - Mortgage lending in Britain has more than halved over the past year, according to the British Banker’s Association — further evidence that the economic downturn is dramatically hurting the country’s property market.
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AP - Home repossessions in Britain jumped 12 percent to 11,300 in the third quarter from the previous quarter, the Council of Mortgage Lenders said Friday, more evidence that the financial crisis is taking its toll on households and the ailing housing market.
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Following years of boom, Winnipeg’s housing market has cooled and is trending toward a buyer’s market, professionals say.
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AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday.
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China is likely to introduce more measures to stimulate housing demand, but a recovery in real estate is unlikely for another year.
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AP - Troubled German lender Hypo Real Estate reported Monday a net loss of 3.1 billion euros ($4 billion) in the third quarter as the financial crises worsened, with a unit in Ireland hit especially hard by write-downs on the values of its assets.
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This project redesigned AHURI’s housing market microsimulation model that provides policy analysts with a capacity to anticipate the quantitative impacts of economic and policy changes on the drivers of housing supply and demand and housing tenure outcomes.
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AP - Hypo Real Estate Holding AG, the commercial lender that got a 50 billion euro bailout from the German government last month, said Wednesday it expects to report a third-quarter pretax loss of 3.1 billion euros ($3.9 billion) because of more write-downs at its Irish bank.
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