United Kingdom - Real Estate

[winston]

Singapore's UOB suspends London property loans after Brexit

* UOB among first to turn cautious on UK property loans

* Other banks still lending, but asking clients to be cautious

* Moody's revises outlook for Singapore banks to negative

By Saeed Azhar

Source: Reuters

http://www.reuters.com/article/britain- ... SL4N19M152

[behappyalways]

Brexit: Singapore bank UOB suspends London property loans
http://www.bbc.com/news/business-36670075

[behappyalways]

Brexit: Asian banks assess London property risks
http://www.bbc.com/news/business-36670076

[behappyalways]

U.K. Property Funds Freeze $12 Billion to Halt Brexit Retreat
http://www.bloomberg.com/news/articles/ ... folio-fund


Investors bail out of U.K. real estate on Brexit shock
http://money.cnn.com/2016/07/05/news/ec ... index.html

[winston]

bt behappyalways:-

Property market turmoil has eerie echoes of start of financial crisis

Source: Telegraph

http://www.telegraph.co.uk/business/201 ... the-finan/

[behappyalways]

guessing-about-brexit-not-helping-landlords
http://www.bloomberg.com/gadfly/article ... -landlords

[winston]

Brexit, stamp duty regulations combine to take out property stocks

BY TEE LIN SAY

A combination of the new stamp duty regulations introduced on April 1, along with the aftermath of Brexit, have caused United Kingdom’s (UK) biggest property stocks to fall by a double digit quantum on a year to date basis.

Land Securities Group Plc, the largest commercial property development and investment company in the UK, is down by some 18.22% at its price of 962.5 pence, while Derwent London Plc, Central London’s largest real estate investment trust (REIT), is down 32.99% to 2,463 pence. Another REIT, Workspace Group plc, is down 39.44% to 580.5 pencce.

Many feel that this correction has only just begun.

Source: The Star

http://www.thestar.com.my/business/busi ... -property/

[winston]

London property sales surge almost 40% after Brexit despite project fear 'crisis' claims

PROPERTY sales in London jumped almost 40% in the week after Brexit, new figures have shown, breaking from the expectations and project fear forecasts for the city.

By ZOIE O'BRIEN

Experts have also claimed the lift in sales was in part due to sellers who lowered prices both before and after the Brexit vote.

Source: Express

http://www.express.co.uk/news/world/688 ... -mortgages

[behappyalways]

UK housing market freezing up (and lower prices are coming)
http://money.cnn.com/2016/07/13/real_es ... plead-intl

[winston]

Victims call for British help over property scams

More than 20 victims of a property fraud scam in the UK protested yesterday in front of the British consulate in Hong Kong.

Democratic Party lawmaker James To Kun-sun handed a letter, on behalf of more than 150 buyers from Hong Kong and Macau to a representative of the consulate, calling on officials to intervene.

The lawmaker said he was representing, in total, 200 to 300 buyers who purchased property – mostly flats – in about a dozen different projects in the UK in recent years.

Most acquired property through Hong Kong-based estate agents and paid at least 50 per cent of the unit price as a deposit.

Source: SCMP

http://www.scmp.com/news/hong-kong/econ ... erty-scams