PAINFUL TRANSITION FOR HOUSING MARKET March 31, 2011 BRITAIN’S housing market is undergoing a “painful transition” in adapting to weaker credit conditions, Bank of England rate-setter David Miles said yesterday. Demand for housing is lagging following the end of “unsustainable” levels of mortgage debt availability, Miles said. Speaking at the Home Builders Federation conference, Miles said that first-time buyers would adapt to save [...]
PAINFUL TRANSITION FOR HOUSING MARKET March 31, 2011 BRITAIN’S housing market is undergoing a “painful transition” in adapting to weaker credit conditions, Bank of England rate-setter David Miles said yesterday. Demand for housing is lagging following the end of “unsustainable” levels of mortgage debt availability, Miles said. Speaking at the Home Builders Federation conference, Miles said that first-time buyers would adapt to save [...]
Housing market faces years of gloom April 26, 2011 IT may not feel that way in some parts of Greater London but the housing market remains stuck in the doldrums. This is not surprising: the great housing bubble of the noughties hasn’t finished deflating yet. The readjustment process is continuing, with prices falling in real terms – and there is still a decent way [...]
Markets slip as Italy debt crisis deepens November 9, 2011 Dramatic political changes at two of the Eurozone’s crisis-ridden economies initially boosted world stocks but markets went into reverse as it became clear that Italy’s debt woes were escalating. Italian Prime Minister Silvio Berlusconi said late yesterday that he would step down after parliament passes budget reforms. Greece, meanwhile, was working create a consensus government [...]
Know your Fire from your Vox with our guide to the ultimate e-readers November 30, 2011 People said e-books would never catch on. For some reason, this was quite often backed up by the argument that e-readers don’t smell like real books. But – and this is no slight on the aroma of the works of Mark Twain – these people were wrong. Retailers are rubbing their hands at the prospect [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 27, 2011 FINANCIAL TIMES ANADARKO SOUNDS OUT BRAZILIAN BUYERS Anadarko Petroleum has asked advisers to sound out potential buyers for a collection of its Brazilian oil assets in a deal that could be worth up to $5bn, in the latest attempt by oil and gas explorers in the region to attract investment. The US independent oil and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 31, 2011 FINANCIAL TIMES UK CONSUMER RECOVERY SET TO BE SLOWEST IN 180 YEARS The UK economy is set to experience the slowest pick-up in consumer spending of any post-recession period since 1830, according to a Financial Times analysis of official forecasts. Families are expected to spend just slightly more by 2015 than they were before the [...]
House prices continue to drop in the first-quarter April 6, 2011 THE cost of housing fell by 0.6 per cent during the first-quarter of 2011, marking the property market’s fourth consecutive quarterly decrease in prices, it was yesterday revealed. Research by the Halifax House Price Index showed an average reduction of 2.9 per cent for the first three months of 2011 in comparison to the same [...]
Best month in 37 years for the S&P October 27, 2011 US stocks surged three per cent yesterday as an agreement by European leaders to help contain the region’s two-year debt crisis lifted a cloud hovering over markets. Optimism that a deal would be struck to prevent widespread financial distress fueled the market’s rebound in October. The S&P 500 is up more than 13 per cent [...]
Monaco’s calling September 22, 2011 TIMES are tough for property in some parts of the world. Not, however, in Monaco, where investors seeking classic, mature markets feel comfortable. The fact that it’s still one of the most glamorous locations on earth – with some of the world’s best restaurants and casinos (and let’s not forget the marina) – doesn’t hurt, [...]