The Financial Services Authority has warned the market that another crisis may pave in the country due to the commercial properties. The FSA has blown the whistle by analyzing the overall financial risks and positions of the country carefully.

The authority has raised concerns over improper fund management of several UK financial institutions. It has also informed that the companies are not in a proper financial frame to cover the losses on the sector. The funds won't be sufficient to prevent a probable meltdown in the commercial property.

The mortgage foreclosures were reported up by 6% in the month of February, according to an industry report released by RealtyTrac Inc., a California based seller of default data, on Thursday. This is reported as the slowest growth rate of Foreclosures in past 4 years. The foreclosures in February were reported lower by 2% when compared with the month of January.

UK's third-biggest property group, Liberty International has announced plans to split into two separate companies to have a more focused approach toward its business.

The company will split into two subsidiaries namely, Capital Shopping Centres and Capital & Counties who will manage separate parts of the £6.2 billion portfolio of Liberty. Capital Shopping Centres will be a real estate investment trust which will manage 13 shopping centres worth £4.6 billion while Capital & Counties will be a property company.

Liberty International, the numero uno mall owner in Britain, plans to split into two to drive stakeholders' wealth in a better and stronger way. Currently the realtor's portfolio stands at 6.2 billion pounds ($9.3 billion).

The company currently intends to demerge its existing business into two, with one of the new units, Capital Shopping Centres, looking after the shopping centers in the UK and the other one, Capital & Counties, concentrating on commercial properties in Central London. Liberty owns shopping malls across the country.

According to the Royal Institution of Chartered Surveyors (RICS), the housing market of Scotland has seen a rise in sales in the previous month. Hence the market is gaining momentum as well as confidence after a downturn in later half of 2009.

The latest survey from the Royal Institution of Chartered Surveyors has suggested that there were more properties for sale last month as compared to January 2010. Now more people have shown their interest in buying a property.

As a result the sales figure of real estate market in the country have boosted up. The prices of the properties were also rising due to a reasonable demand from the consumers.

Lend Lease Group Ltd., the property developer, has appointed Scott Charlton as the new Director of Operations. He would be joining his new post from today itself. He would be reporting directly to the Chief Executive of Lend Lease, Steve McCann.

Details about his remuneration have not been made public as of yet.

Scott was earlier with the Leighton Holdings Ltd and was working there as the Chief Financial Officer. He had resigned from his earlier position in October last year.

Eleventh hour talks between the authorities over the Queensland land dispute issues are taking place.

Meanwhile, the Queensland government has said that a debate in the Parliament will take place. The issue is about making amendments in the land valuation laws of Queensland.

These talks have already been delayed by a fortnight.

Experts believe that as per the proposed tax rates, the property owners will have to shell out no less that $ 1,500 every year. For the large owners, the increase would be even higher.

Australian construction industry managed to show positive growth rate for two months at a stretch. But the data shows that the growth rate has slowed down, as the expansion rate went down.

The latest data collected in the Performance of Construction Index shows that the index has gone down by 4.9 points to become 52.8 for the month of February. The collection was done by Australian Industry Group and the Housing Industry Association.

Australian construction industry managed to show positive growth rate for two months at a stretch. But the data shows that the growth rate has slowed down, as the expansion rate went down.

The latest data collected in the Performance of Construction Index shows that the index has gone down by 4.9 points to become 52.8 for the month of February. The collection was done by Australian Industry Group and the Housing Industry Association.

According to data released by the Spanish Land and Mercantile Registrars Association, Spanish home sales dropped 24.6 percent during the lat year.

The data unveiled on Thursday indicated that 423,114 home sales were recorded in 2009 in the country, with used-home sales dropping 27.8% and new-home sales falling 21.8%.

The collapse of the realty business is one of the key aspects exacerbating Spain's financial disaster, since construction had largely powered the Spanish monetary boom of the late 1990s and early 2000s.

The Australian Bureau of statistics, on Tuesday came out with the Building approval figures of December. The figures were quite disappointing as the rate touched its 5 month low. The building approvals were 14,045 units in January, down by 7 percent, as compared to healthy figure of 15,106 in December.

Melbourne's property market has achieved a milestone by touching $1 billion mark in sales of real estate during the week along with the auction on the weekend.

Punters and even most of the economists are asking for a hike in the official cash rate as the Australian central banks, Reserve Bank of Australia (RBA) holds its monthly board meeting tomorrow. A 25 basis point rise is recommended by most economists. This would take the cash rate to 4.0 per cent from 3.75 per cent.

A new research by the Housing Industry Association has shown that the sales of newly built houses rose almost 9.5 per cent in the month of January against last month as investors and upgrade owner occupiers show interest in the markets.

The growth in the sales of the new homes is the strongest since September 2009. The sales for the free-standing houses rose more than 10 per cent and unit sales increased climbed 4.1 per cent after it recorded an increase of 14.5 per cent in December.

According to the billionaire investor, the person who is known for his art of making money - Warren Buffett, U. S. real estate industry shall be raising from the dearth of the financial hit by 2011.

He further stated that the residential real estate shall be getting a boost as the demand for houses will incline with the supply which got accumulated in the financial turmoil.

Housing prices in Australia have shown a strong start this year.

This is indicated by the data given by The Australian. Price rose by 4.3 per cent and Melbourne and Adelaide turned out to be the best performers.

The good thing is that the rise has continued for two consecutive months and it has defied fears that the rising interest rates would pull the prices down.

Indian real estate sector, which is trying to revive from the slump it witnessed in 2008, received a boost from Union Budget 2010-11.

To encourage affordable housing, Finance Minister Pranab Mukherji, in his budget, extended the interest subvention scheme of one per cent on individual housing loans up to Rs. 10 lakh to all units that cost below Rs. 20 lakh. The sector being interest sensitive, would be helped by in increasing demand by reducing EMI and affordability.

Demand will also get a support from the substantial reduction in personal income tax announced in the budget.

Fannie Mae, the largest provider of residential mortgage funds, released its quarterly and full year results late Friday. The Washington based company narrowed the quarterly net loss and reported a loss of $16.3 billion for the fourth quarter.

British building society Nationwide said on Friday that house prices dropped in February in Britain, falling 1 percent from January.

The Times of London Online reported that nationwide chief economist Martin Gahbauer said it was difficult to tell "whether February's fall in prices is just a temporary blip or the start of a new trend."

Home prices had risen for nine consecutive months in Britain after plummeting during the financial crisis and the ensuing recession. Friday's drop, however, was the sharpest one-month decline since February 2009.

The central bank of Australia, RBA (Reserve Bank of Australia) has a scheduled meeting in the next week. On coming Tuesday when the RBA officials meet, they definitely will have the fact on mind that house prices are raising and the credit demand is improving. They will definitely consider raising the official cash rate.

The data released on Friday indicated that the house prices have a record increase. They were at their 5 year peak in January. The consumers have also finally regained confidence in taking credit after the slowdown.

For the first time in the previous 10 months, UK based house prices have hit the road with steep fall in its earnings. This fact was revealed by the nationwide building society. As compared to January, the average property value has declined by 1% in the month of February. However the annual rate of increase has accelerated to 9.2%.