Housing market treads water in November as weakness persists November 29, 2012 HOUSE PRICES were completely flat in November, data out yesterday revealed, highlighting the weakness in the market. According to Nationwide’s latest monthly survey average prices were unchanged this month at just under £164,000. However, in spite of staying flat in the month, the annual change in price worsened from minus 0.9 per cent in the [...]
House prices edge back up but market is still in the doldrums November 1, 2012 HOUSE PRICES climbed during last month, Nationwide revealed yesterday, bouncing back after the slip in September and months of weakness in the housing market. The Nationwide house price index grew 0.6 per cent last month, after the 0.4 per cent slip into September. Earlier slips mean the index is still 0.9 per cent lower than it [...]
Profits slip at Nationwide arm April 2, 2012 Profits at Nationwide Accident Repair Services dropped eight per cent in 2011 as customers put off making cosmetic repairs to their car. Chairman Michael Marx said: “In a tough year for the industry, Nationwide has performed robustly … with profit before tax excluding non-recurring items at £5.5m on sales of £172.9m.”
House prices rise in October November 1, 2012 UK house prices rose 0.6 per cent in October, lender Nationwide said this morning, although values are still 0.9 per cent lower year on year. The lender puts the price of a typical home at £164,153, a slight uptick from last month. Robert Gardner, chief economist at Nationwide, said this morning that the annual pace [...]
AnaCap eyes RBS branch sale November 22, 2012 ANACAP Financial Partners, a private equity backer of Aldermore Bank, has emerged as a new bidder in the race to snap up the 316 branches that RBS is being forced to sell. AnaCap is understood to have indicated to RBS that it is interested. The European Commission is forcing RBS to sell off the branches [...]
Fighting against the future can only buy so much time January 21, 2013 THE decision by HMV’s administrators Deloitte to honour gift vouchers and to pay proceeds raised for charity singles is a piece of luck for those caught out by the music chain’s crisis. While at first sight this is less heartwarming for the chain’s other creditors, it may in fact be slightly upbeat news for them [...]
House prices edge up, driven by London and the south east December 18, 2012 HOUSE prices increased 1.5 per cent in the year to October with more than half of the growth driven by London and the south east, official figures revealed yesterday. The latest monthly survey by the Office for National Statistics (ONS) shows that prices rose by 0.2 per cent in October compared with the previous month [...]
Network Rail’s £37.5bn plan to improve trains January 8, 2013 NETWORK Rail yesterday set out its £37.5bn plan to improve Britain’s railways in the five years to 2019, including a 20 per cent rise in seats for London’s peak time commuters. The investment plan, if approved, will be funded by a combination of subsidy, more borrowing and above-inflation fare increases. The money spent on upgrading [...]
House prices up on high volume of transactions December 13, 2012 HOUSE PRICES managed to creep up in November, after the month saw uncharacteristically high activity. Prices were up 0.2 per cent on the month, according to data from LSL Property Services and Acadametrics, on the back of a five per cent rise in the number of transactions compared to last November. This put prices up 3.3 per [...]
House prices declined since July October 22, 2012 ■ House prices have fallen this month compared to their value three months ago, the property website Zoopla said yesterday. Its data shows prices rising by a sub-inflation level of 1.5 per cent compared to October 2011, and lower compared to July 2012. Nationwide, the market has been “relatively flat”, said Zoopla’s Lawrence Hall, adding: [...]