REAL ESTATE

RICS survey indicates optimism in construction sector as workloads picked up in the final quarter of 2012.

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.

Consumer lending in Britain rose at the fastest pace in nearly five years and new mortgage approvals grew faster than expected as the first signs of the economic recovery continue.

The UK's property market is putting up an unwelcome barrier to economic recovery as the country muddles its way through the most serious double-dip recession for fifty years.

The latest UK house prices figures have been issued by the Royal Institute of Chartered Surveyors. And it seems that prices are still falling, but last month they fell at a slower rate.

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.

Ahead of full-year earnings, JP Morgan has assigned "Overweight" rating to the operator of Persimmon Homes, Charles Church, Westbury Partnerships and Space4 as the Group expects to perform in a challenging environment due to the overall economic situation, while the UK housing market remains stable.

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.

Hammerson, the real estate investment trust is scheduled to release its full year 2011 results next week amid reports that Jefferies has assigned 'Buy' rating on the stock with a target price of 447 pence per share.

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

Construction on the Bishopsgate Tower has halted because of a lack of funding.

London's billionaires' tower dubbed Mary Celeste after it emerges only three of the 85 luxury apartments occupied full-time.

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.

A new housing Estate in Bucklebury, a village near Newbury, Berkshire, which was where Kate Middleton, the Duchess of Cambridge, grew up, has been named "Catherine Place" in her honour.