London houses withstand UK asking price collapse November 18, 2012 LONDON’S resilient housing market defied a UK-wide fall in asking prices going into November, data revealed this morning, driven by the top end of the market. The UK’s average property asking prices fell 2.6 per cent in just a month to hit £236,761, according to the Rightmove house price index, a sharp turnaround from the [...]
Housing lifted by government scheme boost November 8, 2012 MORTGAGE lending climbed rapidly through the third quarter and into October, two sets of data showed yesterday, as the Funding for Lending scheme finally appeared to be having an impact on lending. This came in tandem with a reversal in the downward house price trend of the past few months, revealed by another set of [...]
House prices rebound strongly in September on tight supply October 14, 2012 HOUSE PRICES have bounced back this month, data from Rightmove showed today, after September’s gloomier picture for the housing market. The average asking price rose £8,310 – or 3.5 per cent – between September and October, bringing it to £243,168, the data revealed. This recovery came after a stagnant housing market in September, shown by [...]
Rise in supply pushes house prices down October 28, 2012 HOUSE PRICES continued to slide in October, data from Hometrack revealed today, as an increase in supply outstripped a smaller boost to demand. The average house price slid 0.1 per cent in October, the data showed, after equal falls in August and September. This fall was driven by a 1.4 per cent increase in property [...]
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 [...]
London defies house price slip September 16, 2012 UK house prices slipped in price between August and September, according to Rightmove’s house price index released today, but London managed to see growth despite the gloom. London prices were up 0.3 per cent this month, capping off 12 month growth at 6.6 per cent, and defying the average 0.6 per cent decline across the [...]
Bank minutes to show appetite for QE as public borrowing is revealed November 18, 2012 MINUTES from the Bank of England’s November monetary policy committee (MPC) meeting will this week give further clues about the appetite for further quantitative easing (QE) and the extent to which the recent rise in inflation has affected the committee’s decision making. The release is due out on Wednesday, along with public sector net borrowing [...]
Londoners expect further rent hikes over the next 12 months September 11, 2012 THE NEXT year will herald yet further rent hikes for Londoners – or so they believe – according to the Rightmove forecast out today. Sixty-six per cent in the city expect to pay more in 12 months, compared to 59 per cent for the country as a whole. This move would come as another blow [...]
UK finances in spotlight with inflation data October 14, 2012 BRITAIN’S finances will be brought sharply into focus this week with details of the annual inflation rate, minutes of the October Monetary Policy Committee (MPC) and public finances data. On the corporate front, housebuilder Bellway is expected to extend the sector’s positive run tomorrow, with preliminary results. Today’s news includes a trading update from Fresnillo, [...]
City Moves | Who’s switching jobs October 28, 2012 TheCityUK Gerry Grimstone has succeeded Stuart Popham as chairman of the City representative body. He is chairman of Standard Life and a member of Deloitte’s board. Outgoing chairman Popham is vice chairman of Europe, Middle East and Africa (EMEA) banking at Citigroup. State Street William Slattery has been appointed head of the financial services firm’s [...]