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Tuesday 17th of August 2010
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News Tag: sold

July 22, 2010

House sales up 15% year-on-year

by Gill Montia
”House
New figures from HM Revenue & Customs show the number of homes sold in the UK rising to 86,000 in June. Completed transactions on properties worth over £40,000 increased by an annual 15%, having leapt 21% on May. The summer bounce also took volumes for the first six months of the year up 21% on the comparable period of 2009. However, housing market activity remains ...



June 24, 2010

Post-HIP jump in homes for sale

by Gill Montia
”Post-HIP
Agency Express has reported a 13.6% increase in the number of homes put up for sale in May, compared with April, leaving prospective purchasers their best level of choice in over two years. The firm's managing director, Stephen Watson, comments: "The decision by the new coalition Government to immediately suspend the requirement to have a HIP seems to have taken away a ...



June 12, 2010

Housing market “delicately poised”

by Gill Montia
”Housing
Both the number of homes sold in England and Wales and the prices achieved fell during May, according to Acadametrics. The number of properties changing hands declined by an estimated 18% from April, while the value of the average home dipped by 0.2%. On an annual basis, prices in England and Wales were 9.7% higher in May, with the value of the typical home coming ...



March 26, 2010

National Lottery owner Camelot sold

by Kay Murchie
National Lottery owner Camelot sold
It has been announced that the National Lottery operator, Camelot, has been sold to a Canadian teachers’ pension fund in a deal valued at £389 million. The buyer, the Ontario Teachers' Pension Plan - simply known as Teachers' - has stakes in Northumbrian Water and Bristol and Birmingham airports. Teachers‘ beat off strong competition from private equity fund, CVC Capital Partners. However, the deal ...



December 22, 2009

House sales hold steady as RICS forecasts 2010 price rises

by Gill Montia
”House
New figures from HM Revenue & Customs (HMRC) show the number of homes sold in the UK falling to 87,000 in November, compared with 90,000 in October. However, last month's total for properties worth £40,000 and above is the second-highest so far in 2009, and the dip still leaves completed transactions at over twice the 41,000 low recorded ...



November 27, 2009

New measures to protect UK mortgage borrowers

by Gill Montia
”New
The Treasury has announced new measurers aimed at protecting UK mortgage borrowers. The move follows the Government's analysis of the causes of the financial crisis, as set out in its Reforming Financial Markets paper published earlier this year. Under the proposals, borrowers whose mortgages are sold on to third parties will be protected by Financial Services Authority (FSA) regulations, which require ...



November 24, 2009

Japan Airlines shares fall to record low

by Kay Murchie
Japan Airlines shares fall to record low
Struggling Japan Airlines (JAL) yesterday saw its shares close at a record low of 87 yen on the Tokyo Stock Exchange after it emerged that Mitsui & Co broking house had sold all its shares in the carrier. A spokesperson for Mitsui & Co said it had sold all of its 11.7 million shares between the April and September period. The ...



July 3, 2009

Property auction rooms hot up

by Gill Montia
”Property
New evidence of a revival of the UK property market comes from auctioneers who have seen a rise of almost two-thirds in the proportion of properties attracting successful bids. Countrywide Property Auctions says it sold around 79% of all properties going under the hammer between 28th May and 12th June, compared with 49% during the same period of 2008. In addition, 40% of properties ...



June 25, 2009

House sales up in May

by Gill Montia
”House
Latest figures from HM Revenue & Customs (HMRC) show a rise in the number of homes sold in the UK during May. Transactions involving properties worth over £40,000 increased by 7% last month to 62,000 and were at their highest since October 2008. However, they remained significantly below levels seen at the height of the housing market boom in 2007. The news follows a 40% ...



September 26, 2008

Washington Mutual closed by regulators

by Kay Murchie
”Washington
Washington Mutual (WaMu) has been closed making it the largest failure of a US bank. WaMu’s assets have been sold to banking giant, JPMorgan Chase, for $1.9bn (£1 billion). WaMu was closed by the Federal Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corp (FDIC) has been appointed receiver. $16.7 billion of deposits had been withdrawn in the last 10 ...




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