Property Investment News and Analysis from Dominic Farrell.
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View Article  NAEA sees optimistic start for property market.

According to the National Association of Estate Agents (NAEA), many of their members have reported a positive start for the New Year as recent figures from the monthly housing market survey indicate a new sense of optimism from consumers for 2008.

 

Agents reported that the number of buyers on ...   more »

View Article  Bank mortgage lending subdued

Figures from the British Bankers Association (BBA) show that January's mortgage lending strengthened a little. The main high street banks approved 44,000 new mortgages for house purchase in January. Whilst this showed an increase on the figures for December 2007, it was 31% lower than a year ago.

 

Approvals ...   more »

View Article  UK outlook brightens amid gloom

January is the time when people feel the financial pinch: bills from Christmas fall due and, at the end of the month, the taxman demands a large cheque for unpaid income tax.

 

Britain plc may have gritted its teeth before reluctantly opening its wallet. But for Alistair Darling, the ...   more »

View Article  11% growth in gross lending in January

Gross mortgage lending rose to an estimated £26.5 billion in January, up 11% from £23.9 billion in December, and reached a similar level to January 2007 when it was £26.6 billion, according to the Council of Mortgage Lenders.

 

This is a good performance given the unsettled market conditions since ...   more »

View Article  UK inflation lower than feared

Inflation was lower than feared in January after a sharper than expected fall in the cost of clothing and footwear offset higher food, transport and energy prices.

 

The consumer prices index (CPI) increased by 2.2pc, less than most economists' forecast of 2.3pc, although this was still the biggest increase ...   more »

View Article  Bank cuts interest rates to 5.25%

The Bank of England's rate-setting committee has cut interest rates to 5.25% from 5.5% in an attempt to stimulate growth in the UK economy.

 

But the Bank of England said that growth needs to slow to keep inflation under control.

 

The decision follows recent rate cuts by the ...   more »