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UK housebuilder Bovis says it expects a significant increase in profit for 2011 following strong earnings growth.The Kent based group expects to record profits of about £31 million for last year, up 68% on 2010. The firm also expects to report an 8% increase in overall home completions for 2011, to 2,045 units. It also said forward [...] The Land Registry for England and Wales says house prices were down 3.2% in the year to November.The government’s own index, compiled by the Department for Communities and Local Government (DCLG), says they fell by just 0.4% over the same period. The Halifax reckons prices dropped 1% in the year to November, while its counterpart the [...] The number of first time buyers has fallen to its lowest since records began in 1974.Around 187,000 people became first time buyers in 2011, which was 7pc fewer than the preceding year and less than half the recent peak of 402,800 seen in 2006. The figure from Halifax, the lowest recorded since it started tracking the [...] Property sales hit their highest monthly level of the year so far in November figures from HM Revenue and Customs (HMRC) have shown.There were 85,000 property sales during the month, up from 79,000 in October, it said. However, despite the apparent pick-up in transactions, the number of sales in the first 11 months of the year [...] The London property market has seen a huge increase in global capital flight- as it is seen by many as a safe haven during the eurozone credit crunch.On the high end of this scale of capital investment is the commercial property market. Since 2008, London has been the most traded real estate market in the world [...] Homebuilder Berkeley has seen a strong rise in profits to £101 million for the six months to the end of October.This was 64% up on the same period last year, but included a £30 million windfall due to the sale of Berkeley’s share in a project for Imperial College in London. The firm confirmed strong demand [...] Growth in the UK building sector fell back in November after a surprise gain in October new research suggests.The Markit/Cips Construction Purchasing Managers Index, which is based on a monthly survey of building firms, fell to 52.3, down from 53.9 in October. A value above 50 indicates growth. November saw a rise in new contracts and [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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