BUYING August 19, 2010 MANAGING PARTNER AT BLACK BRICK Q.Dear Camilla. I’m thinking about buying a property in London for investment but I keep seeing various contradicting indices and I am very confused. What is happening? A.There are so many indices and they often conflict – for example, the Halifax and Nationwide indices moved in opposite directions in July. [...]
House price fall fuels fear of double-dip July 29, 2010 FEARS of a sustained double-dip in Britain’s property market intensified yesterday after mortgage lender Nationwide reported that house prices fell this month for the first time since February and the Bank of England revealed that mortgage approvals dropped to a four-month low in June. The latest figures from Nationwide showed that house prices fell by [...]
House prices in slim rise in August September 8, 2010 House prices rose 0.2 per cent in August mortgage lender Halifax has said. Prices rose 4.6 per cent up in the three months to August compared with a year ago and took the average price of a home to £167,953 – nine per cent above its low in April 2009 but still 16 per cent [...]
Gartmore on the block as star resigns November 8, 2010 GARTMORE yesterday said its star manager Roger Guy had resigned and the firm put itself up for sale, firing the starting gun for rivals to cut a deal before heavy outflows damage the group irrevocably. Goldman Sachs has been appointed to examine the options for the firm, which chief executive Jeffrey Meyer said would include [...]
House prices fall further as demand dips August 30, 2010 BRITISH house prices suffered their biggest fall since April 2009 this month, declining by 0.3 per cent, property data company Hometrack said yesterday in its monthly survey of estate agents and surveyors. August is traditionally a weak month for British house prices, with many buyers on holiday, and Hometrack’s data are not seasonally adjusted. Nonetheless [...]
PERSONAL FINANCE NEWS September 23, 2010 LONDONERS WORRY ABOUT DEBT… R3, an insolvency trade body, has conducted research showing that 40 per cent of adults in the UK are anxious about their personal debt levels. Londoners are most affected: 49 per cent admitted being concerned. Nationwide, credit card debt is the source of the greatest worry at 51 per cent, followed [...]
ECONOMIC WEEK HEAD August 30, 2010 IT IS a busy week for the markets crammed with the usual start-of-the month economic data releases. The most eagerly awaited of these will be from the US. Manufacturing data out on Wednesday and Friday’s US non-farm payrolls figures are crucial pieces of the jig saw of US growth. Fears about the economy stepped up [...]
Surveys cast shadow over house pricesa September 2, 2010 HOUSE prices fell much faster than expected last month and construction activity slowed, industry surveys showed yesterday, reinforcing concerns that economic growth will fall off sharply. The strongest quarterly construction growth for decades pushed British economic growth to a nine-year high of 1.2 per cent in the second quarter, but the Markit/CIPS purchasing managers’ index [...]
Surveys cast shadow over house pricesa September 2, 2010 HOUSE prices fell much faster than expected last month and construction activity slowed, industry surveys showed yesterday, reinforcing concerns that economic growth will fall off sharply. The strongest quarterly construction growth for decades pushed British economic growth to a nine-year high of 1.2 per cent in the second quarter, but the Markit/CIPS purchasing managers’ index [...]
Consumer confidence falls as Budget fuels pessimism on the UK economy July 13, 2010 FEARS about the emergency Budget gave consumer confidence another knock in June, according to the monthly Nationwide survey published today. The overall index of consumer confidence fell for the second month in a row to 63 points, a similar level to 12 months ago. Although the present situations index rose slightly, the expectations index was [...]