London house sales rise as stock hits low January 17, 2010 HOUSE prices in London are leading the country higher, according to the latest monthly house price index compiled by Rightmove, the property website. The average price of housing in greater London has risen 2.5 per cent over the past month to £407,731, comparing favourably with a national increase of 0.4 per cent to £222,261. Two [...]
Economic Diary January 17, 2010 WHILE US banks will be dominating the calendar across the Atlantic next week, in Britain it is definitely the economic releases that will be taking centre stage. Kicking off is the property website Rightmove’s January house asking price survey, released this morning. The survey shows a monthly rise of 0.4 per cent and a 4.1 [...]
BEST OF THE BROKERS December 20, 2009 FORTH PORTS Investec Securities kept its recommendation for Forth Ports as “buy”. Investec says the ports group should deliver robust business in a challenging economic environment, and praised the group’s resilience, thanks to a high level of contract cover and spread of commodities handled. The target price is 1,500p. ARIGHTMOVE Collins Stewart reiterated its “buy” [...]
ECONOMIC DIARY December 14, 2009 MONDAY 14 DECEMBER UK Rightmove house prices (12am) Bank of England Bulletin (12am) Eurozone Third quarter employment (10am) October industrial production (10am) Japan October industrial production (4.30am) TUESDAY 15 DECEMBER UK November RICS house prices (12am) November CPI and RPI (9.30am) October DCLG house price balance Eurozone December ZEW survey (10am) November new car registrations [...]
Election and stock shortage to keep housing sales static December 13, 2009 HOUSE asking prices are likely to remain static in 2010 as post-election uncertainty and continued shortage of stock creates a challenging environment for the housing market, property website Rightmove will say today, as it reveals that asking prices fell for a second consecutive month in December. Rightmove expects December’s 2.2 per cent drop in prices [...]
A Google property site is bad news for Rightmove December 3, 2009 BACK in March, I came into the office to find my colleagues huddled around a single computer, clearly enthralled. I assumed from the looks on their faces, and the collective “oohs” and “ahs”, that someone had sent baby photos in. Instead, they were captivated by Google’s Street View mapping service that allows users to see [...]
House prices set for a rise November 18, 2009 SIGNS of a tentative economic recovery have given a boost to consumers’ confidence in the housing market, a survey from property website Rightmove has shown. Rightmove said yesterday that 56 per cent of consumers now expect average house prices to be higher in 12 months time, marking a sharp upturn in confidence since January, when [...]
House prices fall in run up to Christmas November 15, 2009 ASKING prices for homes in England and Wales are expected to see three months of price falls as sellers postpone moving until after the Christmas period, property website Rightmove will say today. The 1.6 per cent monthly fall in November marks an end to the buoyancy that has characterised the property market during the autumn [...]
Rightmove in sales boost November 4, 2009 RIGHTMOVE yesterday posted growth in revenue and earnings in the past quarter as the UK’s biggest property search website reported a 40 per cent increase in year-to-year traffic levels since August 2008. The property portal, which saw nearly 600m page impressions in August 2009, also reported a five per cent increase in the number of [...]
Oil and drugs dominate in UK as third quarter results begin October 25, 2009 FOCUS will turn away from economic data and bank profits this week, with the spotlight now on oil titans, who will dominate the corporate reporting this week. FTSE 100 life assurance group Friends Provident kicks the week off today with a trading update, but industry giants BP, BG Group and Shell will be the big [...]