Europe feels pinch as housing boom slows

Article Abstract:

Home prices in Europe are dropping along with those in the US due to faltering market confidence, higher interest rates, and more restrictive lending practices. The market is expected to affect other economic sectors, as construction slows and higher mortgage payments reduce consumer spending.

Residential Building Construction, Housing incl Mobile Homes, Housing, International aspects, Dwellings

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ECM to end lull on Czech market for initial offers

Article Abstract:

ECM Real Estate Investments AG of Luxembourg has launched an initial public offering on the Prague Stock Exchange. The stock bid raised 74.7 million Euros ($99.5 million) and will begin trading today. The initial public offering is projected to raise approximately 142.6 million Euros.

Czech Republic, Security and commodity exchanges, Securities issued, listed, Luxembourg, Stock-exchange, Stock exchanges, Securities, Going public (Securities), Initial public offerings, Company securities, Company public offering, Financial report

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Spanish real-estate company posts 26% rise in 1st-half net

Article Abstract:

Metrovacesa S.A. posted an increase of 26% in net profits for the 2003 first-half period. The real estate firm posted 100.6 million euros in net profits for the period.

Sales, profits & dividends, Spain, Company sales and earnings, Company earnings/profit, Metrovacesa

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