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Monthly Archives: June 2011
Greece: The Boil That Europe Won’t Lance
In a recent op-ed piece called Distressed Greece, Delusional Europe, Paul Krugman makes the point that… “…default would be very inconvenient, both as a practical matter and in terms of prestige. Therefore, default must not be considered a possibility, even … Continue reading
What Happens When Interest Rates Start to Rise?
Interest rates here in the UK are sitting at an all-time low, and have been there for a record-breaking length of time – we’re now into the 28th month. The talk of when they will start to rise again was … Continue reading
UK House Prices Slip Further
Amongst the virtual blizzard of price indices that are around now – Halifax, Nationwide, Assetz, Land Registry and so on – Hometrack is probably one of the more widely respected. In their latest release, they reveal that prices have slipped … Continue reading
Posted in General Stuff
Tagged hometrack, house prices, mortgage rates, richeard donnell
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Project Funding via the 70/30 Route
Our post from June 13th, which lays out the process of raising funds via an SBLC, remains one of the most popular, in terms of the number of people who read it each day. Partly as a result of this … Continue reading
Posted in Funding & Finance
Tagged 70/30 funding, delaware spe, LOI, pql, project funding, sblc, spe
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It’s Good News / Bad News Friday!
Good News for Landlords? A new report from the Smith Institute (second one down) called The End of the Affair: Implications of Declining Home Ownership, which suggest that a further 2m households will stop owning and start renting over the … Continue reading
Posted in General Stuff
Tagged end of the affair, home ownership, john moss, smith Institute
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The US Slows Down, and Red Lights Flash in Europe
In the US yesterday, the US Federal Reserve said that the economic recovery was proceeding more slowly than it had expected. It also cut its forecast for US growth to between 2.7% and 2.9%, down from 3.1%-3.3% in April. They … Continue reading
The National Property Auction Picture – In Brief
This just in from those lovely people at the EI Group… Compared with May 2010 the numbers were up in all metrics. Overall lots offered and amount raised in May was up 25.8% and 18.2% respectively compared with May 2010. … Continue reading
The Hotel Deal – Still Rolling Along!
Well, the on-going hotel deal that I first introduced you to here, and then updated you here, took another tentative step forward yesterday. The prospective buyer emailed to say that they have now decided to move forward with the purchase, … Continue reading
Posted in Big Assets
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Who Still Thinks the Global Financial System is Recovering?
So Portugal is a basket case, financially. Ireland is a basket case, financially. They’re rioting in the streets in Greece as the country begs more euros from the reluctant German taxpayers to bail it out yet again. If that effort … Continue reading
Posted in The Economic Climate
Tagged federal reserve, greece, ireland, portugal, silvio berlusconi, Tim Geithner, US debt ceiling, US default
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Would You Buy This Asset?
Over at Ningaloo Reef, we source large, off-market property assets for hedge funds, family offices, private equity firms and the like. We get new stock coming in from our sourcers every week – sometimes several a day – and it’s … Continue reading