House prices drop nationwide September 26, 2010 House prices have fallen across all regions for the first time since April 2009, according to September’s Hometrack survey. The monthly report, published today, reveals average prices dropped by 0.4 per cent to £157,600. London and the South East recorded price drops of 0.4 per cent and 0.5 per cent respectively with London’s average price [...]
Keep cash in preparation for any crises May 4, 2011 In order to be able to pay for unexpected emergencies, it is vital you hold some savings in the most liquid of assets: cash. There are even a few easy access accounts with bonuses that can almost keep up with the current level of 4 per cent CPI inflation. However, it would be a mistake [...]
House prices rise 0.5 per cent March 31, 2011 UK house prices rose 0.5 per cent in March compared with February, and 0.1 per cent compared with March 2009, Nationwide’s house price index has shown. February’s price growth was also revised upwards to 0.7 per cent from 0.3 per cent originally reported. But Global Insight chief economist Howard Archer warned that the growth was [...]
Abramovich threatens action over Irish Nationwide fallout October 4, 2010 THE Russian billionaire and Chelsea football club owner Roman Abramovich may take legal action against the Irish government over its decision to make subordinated bondholders in Irish Nationwide (INBS) pay part of the bill for dealing with the building society’s huge property losses. “We urge Irish authorities to re-consider their position on INBS subordinated bonds [...]
BUILDING THE BRITISH DREAM TODAY April 10, 2011 PETER JONES ENTREPRENEUR YOU will be familiar with the American Dream – a message that says whoever you are, you can make it if you strive hard enough. What I want to see now is a British Dream, one that shows real people in this country that they can make it too. Building a British [...]
BUILDING THE BRITISH DREAM TODAY April 10, 2011 PETER JONES ENTREPRENEUR YOU will be familiar with the American Dream – a message that says whoever you are, you can make it if you strive hard enough. What I want to see now is a British Dream, one that shows real people in this country that they can make it too. Building a British [...]
House sales rise in February March 1, 2011 House prices rose unexpectedly in February after a small fall at the start of the year, according to figures from the Nationwide. Prices climbed by a seasonally adjusted 0.3 per cent month-on-month, defying economists’ forecasts for a fall of 0.3 per cent following January’s 0.1 per cent drop. The annual rate of house price inflation [...]
PROPERTY FIRM OF THE YEAR | THE SHORTLIST DAY 4 June 22, 2011 The property sector has experienced mixed fortunes this year. While work on record-breaking skyscrapers has really picked up the pace, other projects have been left unfinished or even empty once completed. London has continued to enjoy the best conditions for investing and developing real estate – with nominees British Land, Land Securities and Heron among [...]
Consumer morale at new low March 17, 2011 CONSUMER confidence plummeted to an all-time low in February, according to a Nationwide survey released today. The survey’s headline measure of morale on the high street collapsed by 10 points, as households continue to feel the squeeze. The headline index dropped to a score of 38, from 48 in January. At the same time last [...]
John Lewis sales fall sparks retail fears March 18, 2011 Sales figures from the John Lewis department stores show a “substantial softening in trade”, economists have said, as consumer confidence falls and the VAT rise takes effect. The latest weekly sales data shows a 1.8 per cent year-on-year fall in the week to 12 March and leaves department store sales up just 1.6 per cent [...]