Nationwide survey reveals fall in house prices for September October 2, 2012 HOUSE PRICES slipped in September, according to Nationwide’s house price index, released yesterday, adding weight to other studies showing downturn during last month. The average house price fell 0.4 per cent over the month, after the 1.1 per cent gain seen in August, and contributing to the overall 1.4 per cent fall seen over 12 [...]
Nationwide survey reveals fall in house prices for September October 2, 2012 HOUSE PRICES slipped in September, according to Nationwide’s house price index, released yesterday, adding weight to other studies showing downturn during last month. The average house price fell 0.4 per cent over the month, after the 1.1 per cent gain seen in August, and contributing to the overall 1.4 per cent fall seen over 12 [...]
Esurv says Funding for Lending is not yet boosting mortgages October 11, 2012 MORTGAGE lending dived in September, data from Esurv showed today, implying the Funding for Lending Scheme (FLS) has failed to boost loans so far. Home loans slumped seven per cent in September, the surveyor said, to just 47,603, the third worst September since records began 19 years ago. As well as slipping in number, loans [...]
Inside Africa’s megacity: God, oil, and traffic chaos in Lagos November 29, 2013 From the Nollywood film industry to shanty-dwellers with a line in tech imports, Nigeria’s biggest city reveals its secrets to Alex Dymoke NO ONE knows quite how many people live in Lagos. Nigeria’s 2006 census put the official figure at just under 8m. The UN estimated the number for 2011 at 11.2m. Others say it’s [...]
Our at-a-glance guide to Osborne’s mini-budget December 5, 2013 Growth up, borrowing down, yet the debt is still rising. Another raid on the banks, but shops to gain from reduced business rates THE UK ECONOMIC OUTLOOK● The Office for Budget Responsibility (OBR) has revised up its forecast for economic growth and revised down its prediction for inflation. It expects unemployment to drop quickly next [...]
Your first move onto the property ladder September 9, 2012 UK HOUSE prices saw their biggest fall for a year in the three months to July 2012, according to the Royal Institution of Chartered Surveyors (Rics). But the capital is bucking the trend. London property prices grew by 6.5 per cent over the last year, according to last quarter’s Greater London Authority London Housing Market [...]
Lack of lending hurting retailers September 27, 2012 The lack of mortgage lending to first time buyers is not only hurting the housing market, but also retailers selling tools, homewares, and furniture, data revealed today. Boosting lending would have a knock-on effect on these markets, the data released jointly by Genworth, the British Retail Consortium and KPMG showed. “A lack of lending leads [...]
Lack of lending hurting retailers September 27, 2012 The lack of mortgage lending to first time buyers is not only hurting the housing market, but also retailers selling tools, homewares, and furniture, data revealed today. Boosting lending would have a knock-on effect on these markets, the data released jointly by Genworth, the British Retail Consortium and KPMG showed. “A lack of lending leads [...]
Record London rents keep up investor profits November 15, 2012 LONDON rents hit another record high in October as landlords celebrate solid returns on investment, according to the LSL buy-to-let index published today. Average monthly rents in the capital jumped 0.9 per cent to £1,102, breaking the £1,100 mark for the first time. That represents a seven per cent hike on the year, and holds [...]
Santander hit by rise in bad Spanish loans October 25, 2012 PROFITS plunged at Santander as ever more Spanish loans turned bad in the country’s ongoing recession, the bank’s third quarter results showed yesterday. The Spanish bank’s UK arm performed more strongly, though it too was slowed by shipping loan problems, increased provisions against corporate debt it bought in the credit crunch, and a cost from [...]