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Our View is Distressed Assets' commentary on the UK property market and the economic factors which affect it. Designed to be more of a Twitter than a Blog, it is designed to highlight the latest news and analysis and is brought to you by property industry experts.

Portugal's credit rating has been downgraded from AA to AA- by leading credit rating agency Fitch over concerns about its high levels of debt.
Keywords: Protugal eurozone foreign investment	24/03/2010 12:59:30

Chancellor Alistair Darling says Labour will secure the economic recovery, in his pre-election Budget.
Keywords: Budget, Economy	24/03/2010 12:59:07

The number of people unemployed in the UK has fallen again, leaving the jobless rate at 7.8%, figures show. Total unemployment stood at 2.45 million for the three months to January, down 33,000 on the figure for the previous three months.
Keywords: Employment, Economy	22/03/2010 07:49:54

Mortgage lending increased in February as the fluctuation in the housing market continued, lenders have said. Gross lending for home loans in the UK rose by 6% in February compared with January to an estimated £9.2bn, the Council of Mortgage Lenders (CML) said.
Keywords: CML, Mortgages, Lending	22/03/2010 07:48:14

Economists at the CBI and Ernst & Young ITEM Club warn of a "sluggish" recovery in the UK economy this year.
Keywords: Economy, Economic Growth	22/03/2010 07:47:03

The government's plans for reducing the budget deficit are not ambitious enough - according to a European Commission report to be published on Wednesday. The report warns that the UK is not on course to cut its deficit in line with EU rules by a deadline of 2015.
Keywords: UK credit rating	17/03/2010 08:52:06

Northern Rock says that it made "good progress" in 2009, after reporting a sharp fall in its annual losses. The bank lost £257.4m last year, compared with £1.36bn in 2008. Since 1 January, the Rock has been split in two, with savers' money held by a "good bank", Northern Rock PLC, which will eventually be sold.
Keywords: Northern Rock, Mortgages	10/03/2010 10:38:37

The UK's goods trade deficit with the rest of the world unexpectedly widened to its biggest since August 2008 in January. And exports saw their sharpest drop in more than three years, according to the Office for National Statistics (ONS).
Keywords: Trade Deficit, Currencies	09/03/2010 15:56:15

The housing market may have been fluctuating in recent months, but the most exclusive street in England and Wales remains unchanged. Chester Square in London's Belgravia has an average property value of £6.6m and has topped a list of the most expensive streets for a second year.
Keywords: House Prices, Capital Growth, London	09/03/2010 09:12:54

Further rises in house prices may be held back by more properties coming on to the market, surveyors have said. The Royal Institution of Chartered Surveyors (Rics) says new instructions outpaced inquiries from new buyers in February.
Keywords: RICS, House Prices, Equity	09/03/2010 09:11:11

Australian economy grew strongly in the final three months of 2009 capping a year in which it was the only major economy to avoid recession.
Keywords: Australia, GDP, Recession	08/03/2010 15:23:18

French President Sarkozy has said his country will stand "resolute" with Greece as it imposes austerity measures to reduce its 12.7% deficit
Keywords: Greece, Budget Deficit	08/03/2010 15:22:59

The Bank of England has kept interest rates at a record low of 0.5% for the 12th consecutive month.
Keywords: Interest Rates, Inflation	04/03/2010 17:01:02

The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the forthcoming election.
Keywords: Hung parliament	02/03/2010 10:22:46

The level of bad debts written off because defaulting borrowers will never repay them shot up in 2009 to a new record, figures show.
Keywords: Dirty debt, Credit Cards	01/03/2010 12:09:10

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