Eurozone inflation is expected to drop in April following Germany price data on Monday, which showed a sharp fall.
Eurozone inflation is expected to drop in April following Germany price data on Monday, which showed a sharp fall.
Planned UK retail developments expected to be abandoned or delayed could be as high as 40% over the next five years, according to Savills, the property consultancy. Savills also says that a worst case forecast would predict a 10% fall in mainstream residential market values in 2008 and a further 15% in 2009 if general consumer confidence continues to weaken and the economic impact of the current credit squeeze is more widely felt.
Opec’s president on Monday warned oil prices could hit $200 a barrel and there would be little the cartel could do to help. Also on Monday, a report by Transparency International said that sixty percent of the world’s poorest people live in resource-rich countries.
Dubai’s real-estate market is booming. But a series of legal tussles and property-related scandals could dent foreign-investor confidence and tarnish the business-friendly reputation the government has tried so hard to burnish.
The share of homes vacant and for sale set a record in the first quarter in a signal that the glut of homes on the market isn’t improving.
Markets news on stocks, currencies and oil.
House prices in England and Wales fell for the seventh straight month during April, resulting in an overall decline in value in the past year. However, estate agents Knight Frank said today that Scotland‘s housing market is proving remarkably robust in the face of the turbulent market conditions affecting the wider UK market.
Bank of Ireland today issued an update on the laptops stolen from its Life business.
The OECD today published its Ireland - Towards an Integrated Public Service report outlining reform of the Irish public service. It highlights a development of the public service over the last decade that has evolved in an uncoordinated manner without a strategic vision and reflecting poor competence at senior level, limited performance review and accountability. With the possible exception of the Public Accounts Committee, the interest of Parliamentary committees to discuss the reviews sent to them has been limited.