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Thursday, November 30
Sterling hits 14-year high against dollar
by
Jet-to-Let Magazine
on Thu 30 Nov 2006 10:55 GMT
Sterling hit its strongest level against the dollar in 14 years on Thursday as traders continued to put pressure on the beleaguered US currency. The pound traded as high as $1.9580 against the dollar, its highest level against the greenback since its ejection from the European Exchange Rate Mechanism in ... more » Tuesday, November 28
OECD forecasts mild world economic slowdown
by
Jet-to-Let Magazine
on Tue 28 Nov 2006 10:52 GMT
The US housing downturn will provoke a "mild" but short-lived world economic slowdown next year, the Paris-based Organisation for Economic and Co-Operation said on Tuesday, as it downgraded its growth forecast for the world's wealthiest nations. In its twice-yearly Economic Outlook, the organisation charged with improving the economic prospects of ... more »
Dominic Farrell - UK Market Crash and Beware Romania
by
Jet-to-Let Magazine
on Tue 28 Nov 2006 10:15 GMT
I was hoping for a quiet few weeks in the run-up to Christmas this year, but alas, just like previous years, I don’t see any let-up until the much anticipated company Christmas lunch/party on the 20th December. This week I am off to Berlin for my first visit since 1988-1990 ... more » Monday, November 27
UK property crash on its way - David Miles, Morgan Stanley
by
Jet-to-Let Magazine
on Mon 27 Nov 2006 09:33 GMT
A housing market bust is likely within the next few years because house price growth has been grounded in unrealistic expectations of double-digit annual rises, a report by a prominent economist and former adviser to Gordon Brown will warn on Wednesday. Throwing cold water on the current housing market euphoria, ... more »
UK property prices continue to rise according to Hometrack
by
Jet-to-Let Magazine
on Mon 27 Nov 2006 09:29 GMT
Activity in the housing market has been "unseasonably strong" this month, forcing prices higher as the number of properties for sale dwindles, a report released today shows. Hometrack, the housing information business, says that house prices rose on average in November by0.6 per cent compared with the previous month, picking ... more » Wednesday, November 22
British property owners abroad leaps by 45% in 2 years
by
Jet-to-Let Magazine
on Wed 22 Nov 2006 09:24 GMT
A holiday home in the sun is a realisable dream for many Britons, as the number of people owning a second home abroad has leapt by 45 per cent in the last two years, according to a report to be published on Wednesday. Mintel, the market research group, said that ... more » Monday, November 20
US property market continues to slow
by
Jet-to-Let Magazine
on Mon 20 Nov 2006 11:54 GMT
The US housing sector continued to slow as starts in the construction of new homes tumbled to a six-year low last month as falling demand and an oversupply of unsold houses discouraged new developments. The Commerce Department said housing starts plunged 15 per cent to 1.5m last month and were ... more »
Average property prices rise 12%
by
Jet-to-Let Magazine
on Mon 20 Nov 2006 11:44 GMT
The average asking price for a house in England and Wales has risen by more than 12 per cent over the past year to £222,333, according to new figures. Rightmove, a property website, said London had experienced the greatest annual rate of house price growth. The average asking price in ... more » Tuesday, November 14
Singapore property
by
Jet-to-Let Magazine
on Tue 14 Nov 2006 09:22 GMT
Property prices are a staple of dinner party conversations across the globe. These days, some of the cheeriest chats are in Singapore, traditionally one of the developed world's more moribund real estate markets. Yet Singaporean property stocks outperformed global peers in the third quarter, generating total returns of 17 per ... more »
Sharp rise in UK buy to let repossessions
by
Jet-to-Let Magazine
on Tue 14 Nov 2006 09:17 GMT
Growing numbers of buy-to-let properties are being repossessed and offloaded by lenders at auction in a sign that investors are struggling to meet mortgage repayments as interest rates rise. Auctioneers say that properties previously owned by buy-to-let investors now make up around half of all repossessions sold at auction, even ... more » Friday, November 10
UK - London property market booms while regions stagnate
by
Jet-to-Let Magazine
on Fri 10 Nov 2006 09:34 GMT
Two distinct housing markets exist in England and Wales, according to the latest FT house price index, with a booming market in London contrasting with near stagnation elsewhere. In the third quarter of the year, London’s house prices rose at an annualised rate of 11 per cent, while Wales, the ... more »
UK interest rates hit 5%
by
Jet-to-Let Magazine
on Fri 10 Nov 2006 08:42 GMT
Interest rates hit 5 per cent and the highest level in five years after the Bank of England on Thursday raised the cost of borrowing in an attempt to curtail inflation. The move means an extra monthly payment of £21.71 for those homeowners with a repayment mortgage of £150,000, according ... more » |
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