100%+ Mortgages Become History

Abbey, Alliance & Leicester and Coventry building society have all decided to withdraw mortgages specifically aimed at first-timers and others struggling to scrape together enough money to buy a home without a deposit.

Northern Rock and Birmingham Midshires were also 'reviewing' the viability of such products. The popularity of the loans amongst first time buyers grew during the past five years as lenders sought new ways to help them afford steeply rising house prices.

London Top of the Property Rich List

According to the latest research, the most expensive street in England and Wales is Courtenay Avenue in London, N6 where the average home will set you back £6,803,900.

The leafy cul-de-sac, boasts spacious detached homes with swimming pools and large gardens.

The capital dominates the property rich list with all 20 of the priciest homes located in London.

Wales together with the North East and the East Midlands are the three regions where the top street does not break the million pound mark. The average home in the priciest Welsh street is a steal at just £897,400.

Audi Opens Largest Luxury Car Showroom

Audi the German luxury car manufacturer, has annonced the opening of its newest showroom in Gurgaon, India.

Deutsche Bank Arm Makes $70m Indian Real Estate Investment

RREEF the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India) Pvt Ltd, has made its first real estate investment in India. RREEF has substantially completed the purchase of an undisclosed stake in Bangalore and Hyderabad-based real estate company, Golden Gate Properties Ltd for US $70m.

Infosys Acquires 300 Acres of Land

Software giant Infosys has purchased 300 acres of land near Sarjapur at market prices to build a second city campus. Bangalore, the company's largest centre, is expected to seat 25,000 employees by March this year.