Property Investment News and Analysis from Dominic Farrell.
Search
This Month
December 2007
Sun Mon Tue Wed Thu Fri Sat
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31
Year Archive
Login
User name:
Password:
Remember me 
View Article  UK inflation holds steady at 2.1%

UK inflation held steady at 2.1 per cent in November despite fears it would be fuelled by rising food and fuel prices, giving the Bank of England more leeway to cut interest rates if the economy slows rapidly at the start of next year.

 

The Office for National Statistics ...   more »

View Article  Confidence in US housing market spirals lower

Permits for new home builds in the US tumbled to a 14-year low last month, official data showed today, as confidence in the weakening US housing market spiralled lower.

 

The number of home building projects that were started in November also took a big hit, in yet another sign ...   more »

View Article  ECB pumps in extra €170bn

Emergency help for financial markets has entered new territory with the European Central Bank pumping-in almost €170bn extra liquidity at below market interest rates in a special operation to head off a year-end liquidity crisis.

 

The surprise move, which followed last week’s co-ordinated barrage of measures by the world’s ...   more »

View Article  CBI cuts economy growth forecast to 2pc

The CBI employers' organisation has cut its forecast for UK economic growth for the third consecutive quarter due to the turmoil in financial markets and soaring oil prices. In a report out today, the business group said it now expects GDP growth of just 2pc next year, down from its ...   more »

View Article  House prices drop by 3.2% 'on Hips effect'

UK house prices fell by 3.2% in December, as seasonal factors and the full roll-out of home information packs (Hips) took their toll on an already slowing market, property website Rightmove claimed today.

 

The website's latest survey of asking prices showed a dramatic fall from an average of £239,986 ...   more »

View Article  Hips extended to all properties

All one- and two-bedroom properties put up for sale in England and Wales now need a Home Information Pack (Hip).

The rule, which came into force at midnight, extends the new selling process, which was applied first to larger properties during the summer.

Hips are supposed to improve the sale ...   more »

View Article  Eurozone inflation hits 6-year high

Eurozone inflation hit 3.1 per cent in November, the highest for more than six years, according to revised figures that will encourage the European Central Bank to keep talking tough on future interest rate moves.

Preliminary figures had shown an annual inflation rate of 3 per cent, up from 2.6 ...   more »

View Article  Chancellor's CGT delay attacked

Alistair Darling faced a barrage of criticism after revealing that he would not clarify his capital gains tax plans until the new year.

Speaking in the Commons, the Chancellor said that the capital gains tax concessions being discussed with the business community were "quite complex" and he would not now ...   more »

View Article  UK unemployment continues to fall

The number of people seeking jobless benefits in the UK has fallen to a 32-year low, according to data from the Office for National Statistics.

The number claiming jobseeker's allowance fell by 11,100 in November to 813,000, the lowest since June 1975.

Total unemployment, including those not claiming benefit, fell ...   more »

View Article  Tax cut as Irish housing market cools

Brian Cowen, the Irish finance minister, has moved to stimulate the country's housing market in his annual budget, cutting the tax paid on house sales in a bid to prevent a hard landing for the economy.

The move comes amid new evidence that house builders are slowing down their activities ...   more »

View Article  Tax cut as Irish housing market cools

Brian Cowen, the Irish finance minister, has moved to stimulate the country's housing market in his annual budget, cutting the tax paid on house sales in a bid to prevent a hard landing for the economy.

The move comes amid new evidence that house builders are slowing down their activities ...   more »

View Article  US rates reduced for third time

The Federal Reserve has cut US interest rates from 4.5% to 4.25% to help steer the world's largest economy through a housing slump and credit woes.

It is the third rate cut in the US in as many months, leaving US rates 1% lower than their August peak.

A downward ...   more »