New house prices tick down July 22, 2012 Prices in the new homes market slipped in June, as house-builders kept a tight hold on their costs, said SmartNewHomes today. The average price of a new home was at £232,292, down 1.2 per cent compared to May, but up 0.4 per cent on the first quarter. “The new homes market performed strongly in the [...]
The Eurozone is becoming less important for UK exporters September 11, 2012 ONE of Britain’s biggest problems is that its trade is unbalanced: UK companies still rely too much on European markets, which will be sluggish at the best of times, and insufficiently on emerging markets, which will continue to grow at a very fast rate over the next few years, China’s current slowdown notwithstanding. The crisis [...]
The Eurozone is becoming less important for UK exporters September 11, 2012 ONE of Britain’s biggest problems is that its trade is unbalanced: UK companies still rely too much on European markets, which will be sluggish at the best of times, and insufficiently on emerging markets, which will continue to grow at a very fast rate over the next few years, China’s current slowdown notwithstanding. The crisis [...]
Bellway sees resilient UK market ahead February 7, 2012 BELLWAY said the UK housing market remained “resilient” ahead of the key spring selling season, but warned that the growth rates were set to slow. The housebuilder sold 2,455 homes in the first half of the year – up five per cent on the same period in 2010 – while the average selling price climbed [...]
Bellway sees resilient UK market ahead February 7, 2012 BELLWAY said the UK housing market remained “resilient” ahead of the key spring selling season, but warned that the growth rates were set to slow. The housebuilder sold 2,455 homes in the first half of the year – up five per cent on the same period in 2010 – while the average selling price climbed [...]
Rapid Responses September 25, 2012 The shale debate [Re: Britain needs to embrace the global shale revolution, Friday] Britain must position itself at the forefront of the shale revolution. The US has had a head start because, firstly, its government has allowed extraction. Secondly, its main shale fields are in remote locations away from residential areas. Thirdly, it’s been developing [...]
Persimmon to return £1.9bn to shareholders February 28, 2012 Housebuilder Persimmon posted a slightly stronger than expected jump in full-year profit on Tuesday and said it would return £1.9bn of surplus cash to shareholders. The York-based company said it would return the cash through dividends over nine-and-a-half years, starting in 2013, and remain largely debt-free throughout the period. The company is still investing in [...]
Construction sector still expanding but rate slows February 2, 2012 THE WEAK UK housing market and cuts to government building budgets have slowed growth in construction activity, Markit’s purchasing managers’ index (PMI) showed yesterday. The headline index fell from 53.2 in December to 51.4 in January, while the employment index fell to 50 – the no-change mark. Construction output has now increased for 13 consecutive [...]
Construction sector still expanding but rate slows February 2, 2012 THE WEAK UK housing market and cuts to government building budgets have slowed growth in construction activity, Markit’s purchasing managers’ index (PMI) showed yesterday. The headline index fell from 53.2 in December to 51.4 in January, while the employment index fell to 50 – the no-change mark. Construction output has now increased for 13 consecutive [...]
Divergence in UK housing market April 13, 2011 The UK housing market is increasingly “two tier”, with affluent markets on the rise and cheap areas continuing to slump. The most expensive 20 per cent of areas saw house prices increase by 3.4 per cent over the year, whilst the cheapest fifth declined by 5.1 per cent, according to a survey by Chesterton Humberts [...]