NEWS

Egerton Crescent, near Harrods, costliest street in UK at £8.1m.

Average cost of renting declines 0.4 percent in November as landlords try to fill vacant properties ahead of Christmas.

House prices to go up 2 percent, while rents to rise about 4 percent.

Despite decline, optimism on housing market rises.

House rents are expected to go up in 2013 though the average rate of growth has eased about two percent from the 4.5 percent growth rate recorded for the past three years, says Rightmove.

Increase shows stabilisation of Chinese property market.

The £100m price tag makes 1 Cornwall Terrace one of the world's most expensive terraced houses.

Sneak preview of massive two-floor flat with 360-degree views of city and computerised facilities in London's tallest building.

Homeserve Plc, the provider of home emergency and repair services to over 4.9 million customers internationally, has braced up to perform well for the current year and beyond by addressing the root causes behind the sales, marketing and complaints handling issues in the Britain.

Bellway, the housebuilder, enters the second half of the year with an order book of £423 million, having already reserved or legally completed 83% of this year's target, with an expectation to reach double digit operating margin for the six months to 31 January.

Berkeley Group, the residential-led property developer is well placed to double its profits before tax around £220 million by 30 April 2013, two years earlier than originally planned and to enhance the value of its land bank to £3 billion by April 2015.

The Berkeley Group Holdings, known for its savvy London land purchases, is confident of its ability to meet its targets, buoyed by a pipeline of forward sales that grew 15.2 percent in the six months to October 31, 2011. The group is scheduled to release its interim management statement on March 19, 2012.

Taylor Wimpey, the homebuilding company, says that it is too early to judge the market for the year as a whole, but the early weeks of trading in 2012 have followed the encouraging patterns of the second half of 2011, with good visitor levels, healthy reservations and low cancellations.

The builder of traditional homes reported that its annual pre-tax profits rose 74% for the financial year ended 31 December 2011, as it sold more homes at a wider margins and focuses on increasing profits combined with further improvements in the use of capital. The Group also expects to deliver a strongly increasing return on capital employed in 2012 and beyond.

Bovis Homes Group, the builder of traditional homes in England and Wales is scheduled to report its preliminary 2011 results on Monday, February 27 amid reports that Citigroup has assigned "Buy" rating on the stock, while Panmure Gordon recommends "Hold" rating with a target price of 450 pence per share.

Property market likely to remain flat throughout rest of year, as households continue to struggle to make ends meet.

Pressure on household finances and fallout from eurozone pose threat in year ahead.

Campden Hill Square, in Kensington and Chelsea, is the most expensive street in the UK where the average cost of a house is almost £5 million.

The much-talked about $20 million custom-made massive mansion of supermodel Gisele Bundchen and Tom Brady in California is almost complete and the couple is all set to move into their lush house as per recent reports.

So get your wallet ready and let’s take a look at some of Britain’s most expensive properties.

Elderly are most stressful about temporary homelessness during the house move, but the younger population is more concerned about the damage to their gadgets.

December 2010 saw UK average house prices falling by 0.2% on the previous month for the fourth month in a row. By contrast, London property prices rose by 1% and were up 6.2% up overall on December 2009. In some areas, property prices had risen by more than 10% and the market is now suffering an acute shortage of supply. Some estate agents claim there is now a ratio of five buyers to every one available property within the capital.