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By Tom Bill LONDON, March 26 (Reuters) - Property valuers in Cyprus have suspended work as they come to terms with a financial bailout that is likely to deepen price falls of recent years, the chairman of the country's Property Valuers Association told Reuters. The association, which
Read more(Adds detail, company comment) LONDON, March 26 (Reuters) - Shares in British property consultancy Savills fall 7.4 percent and traders say a placement of 7.8 million shares by Credit Suisse is weighing on the stock. One trader says the shares were placed at 535 pence, against the cur
Read moreLONDON, March 26 (Reuters) - Shares in British property consultancy Savills drop 7.4 percent, with traders citing a placement of 7.8 million shares by Credit Suisse as the main factor weighing on the stock. One trader adds that the shares were placed at 535 pence, against the current price
Read more* Osborne says no risk of new boom and bust in housing * New plans to spur home ownership are "prudent" * Industry players, analysts warn of bubble, big losses By Brenda Goh LONDON, March 21 (Reuters) - A British government plan to promote economic recovery by helping home
Read moreLONDON, March 20 (Reuters) - Shares in Countrywide Holdings opened 10 percent higher on Wednesday at 385 pence on its first day of trading after Britain's largest estate agency by revenue priced its listing at 350 pence per share. The company, which sells one in every eleven homes in Brita
Read moreBy Tom Bill CANNES, France, March 17 (Reuters) - As growing numbers of shoppers move online, European mall owners are looking to pull in customers by including services that can't be replicated on the Web like hospital care and government offices. Malls must become more like full-serv
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Yesterday´s results showed that global property services group Savills is flourishing, much as large swathes of the UK property market are, says The Times´s Tempus. Particularly worth noting is the firm´s growth in the Asia-Pacific region, as yesterday´s results revealed. In China, for example, it i
Read moreBy Tom Bill CANNES, France, March 14 (Reuters) - Real estate investors are venturing out from the safety of the best buildings in Europe to gamble on edgier properties in a sign of risk-taking creeping back into the market as the euro zone crisis recedes. Buildings that are partially
Read moreLONDON, March 14 (Reuters) - British property consultancy Savills said pretax profits rose 21 percent in 2012, beating analyst expectations, helped by strong deal activity in Asia as well as buyer demand for plush offices and homes in central London. Savills, which competes globally with CB
Read moreCity sources predict the FTSE 100 will open up three points from yesterday's close of 6,482, tracking gains seen in the US overnight. The main US equities edged higher Wednesday as US retail sales in February beat forecasts. Commerce Department figures revealed retail purchases jumped 1.1%, twice
Read moreReal estate adviser Savills reported a strong set of full year results, boosted by improving markets and strategic acquisitions. The FTSE 250 firm said pre-tax profit jumped 36% to £54.2m for the year ended December 31st while underlying pre-tax profit rose 21% to £60.8m. Revenue for the year gaine
Read more* Home ownership seen overtaking renting within five years * Low interest rates, rising rents encourage ownership * Higher property prices and fear of inflation help too By Tom Bill and Peter Dinkloh LONDON/FRANKFURT, March 1 (Reuters) - After 20 years advising other peopl
Read moreCentamin fell after Goldman Sachs cut its target price on the stock from 160p to 130p. Savills, an estate agent, made decent gains after sector peer Countrywide said it plans to re-list its shares in anticipation of a UK property market recovery. This also prompted a rise amongst housebuilders, wi
Read moreAMEC: Exane BNP initiates with a target price of 1140p and an underperform rating. Anglo American: Goldman Sachs increases target price from 1500p to 1550p, while keeping a sell recommendation. Barclays: Nomura reiterates reduce. Charles Stanley reiterates hold. Investec reiterates buy, with price
Read moreBy Tom Bill LONDON, Jan 22 (Reuters) - The British government will make it easier for developers to convert offices into apartments, the latest in a string of initiatives to kick-start economic growth through housing. Planning minister Nick Boles is due to announce the changes to the
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