| 1. |
2008 Fall in House Prices: A Historical Perspective
(15 December 2008 - Millen Group Limited)
There seems to be some agreement that falling house prices are the root cause of the economic and financial downturn the UK and World economy are currently facing. Various economists and members of the press have routinely pointed out that the fall in house prices in 2008 were the worst one on record. However, using the Nationwide data and stripping out inflation, the latest information indicates that the average annual real return for 2008 was higher than in the early 1990s.
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| 2. |
2008 Fall in House Prices: A More Detailed Examination of the UK Market Performance
(01 December 2008 - Millen Group Limited)
Using the latest transaction data available from the Land Registry, we observe that there is significant heterogeneity in the performance of the UK housing market for the year to date. The UK map is blanketed mostly with house price falls in between 4.6 and 9.2%. The best performing county was Stockton-On-Tees (growing at 4.6%) whilst the worst performing county was Middlesbrough (falling at 22.2%).
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| 3. |
Why Asset Bubbles Are Hard to Diagnose
(01 November 2008 - New York Times)
Robert J. Shiller, the Arthur M. Okun Professor of Economics at Yale University and co-founder and chief economist of MacroMarkets LLC, draws attention to the fact that one psychological reason why bubbles are hard to diagnose may be due to “groupthink”.
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| 4. |
How to shore up America's crumbling housing Market
(27 August 2008 - Martin Feldstein, Financial Times)
The risk of a downward spiral of house prices is the primary danger facing the American economy. Because of the structure of securitised mortgage finance, this risk has the potential to cause a global financial crisis. Both of these problems will remain until a new policy brings stability to house prices.
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| 5. |
Millen Group Publishes Peer Review
(15 August 2008 - )
At the request of the Pension Real Estate Association (PREA), Millen Group reviewed two journal articles published by leading academics.
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| 6. |
Millen Group Returns to ERES
(01 June 2008 - Millen Group)
Millen Group is pleased to announce its attendance at the European Real Estate Society (ERES) 2008 conference to be held in Krakow, Poland, later this month.
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| 7. |
Millen Presents New Paper at Global Conference
(01 July 2008 - )
Millen Group is pleased to announce the presentation of “Variance Decomposition of REIT Returns” to the 2008 ERES Conference. The paper seeks to answer the question of what drives REIT returns.
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| 8. |
House prices: a bumpier ride lies ahead
(22 May 2008 - Financial Times)
Pent up demand from buyers priced out of the property market is one factor that limits the downside in the UK.
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| 9. |
Fergusson Joins Millen As Company Secretary
(01 April 2008 - Millen Group)
LONDON, April 1 - Peter Fergusson joins Millen Group Limited as company secretary and in-house counsel.
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| 10. |
Millen Group Announces New Director For Consulting Division
(01 April 2008 - Millen Group)
LONDON, April 1 - Millen Group appoints Anish Goorah as Director of Millen Consulting – the company's consulting division.
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