The following is a round up of property stories from U.K. newspapers:
Dubai World debts not to be guaranteed by the Dubai government - talks with banks on restructuring their debt have begun, but hardline stance by government means raising new cash will now be difficult for the city state, and fears grow that creditors may be wiped out, FT p1, 8-9, D Tel B1, Times p42
Full story: Everywhere
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Millions repay debt as interest rates stay low (BSA quoted), p8
HSBC warns over commercial property loans, saying 85% of loans made in past 5 years are in breach of their covenants, B3
Full story: Daily Telegraph
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Consumers repay record levels of unsecured debt as new home loans rise, p40
Full story: The Independent
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Lib Dems propose new tax on homes worth £2m+, FT p2
Full story: Financial Times
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See Also: Daily Property Headlines (875)
Date Published: 01 December 2009
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