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Friday, November 30
Hopes that Fed will cut rates lead to world stock market
by
Jet-to-Let Magazine
on Fri 30 Nov 2007 09:29 GMT
Shares leapt on both sides of the Atlantic yesterday after market hopes that the Federal Reserve will try to calm credit conditions with further interest rate cuts were boosted by soothing comments from the US central bank’s vice-chairman. Stock markets surged in London, New York and across Europe after Donald ... more »
UK property market 'turning down'
by
Jet-to-Let Magazine
on Fri 30 Nov 2007 09:16 GMT
UK house prices saw their biggest fall in 12 years during November, mortgage lender Nationwide has said. The firm's data suggests the cost of an average home slid by 0.8% from a month earlier - the first drop in price seen since February last year. The annual rate of house ... more » Tuesday, November 27
Darling hints at capital gains tax U-turn
by
Jet-to-Let Magazine
on Tue 27 Nov 2007 11:46 GMT
Alistair Darling today signalled that he may backtrack on his unpopular changes to capital gains tax, as critics continued to attack his decision to announce the proposal without consulting the business community first. Speaking at the CBI annual conference this lunchtime, the chancellor said he was "open to suggestions" ... more » Thursday, November 22
US housing woes continue as building demand falls to 14-year low
by
Jet-to-Let Magazine
on Thu 22 Nov 2007 17:05 GMT
The number of homes built in the United States is set to decline further as the volume of housebuilding permits fell to a 14-year low last month. The demand for construction permits, which is directly linked to the outlook for the housing market, fell by 6.6 per cent in October ... more »
Hips home packs get full roll-out
by
Jet-to-Let Magazine
on Thu 22 Nov 2007 17:02 GMT
Home information packs (Hips) will be required for all properties being sold in England and Wales from 14 December, the government has announced. The packs have proved controversial, with many critics claiming ... more » Wednesday, November 21
6% growth in mortgage lending
by
Jet-to-Let Magazine
on Wed 21 Nov 2007 10:40 GMT
Gross mortgage lending grew to an estimated £32.4 billion in October, rising nearly 6% from £30.6 billion in September and £30.6 billion in October last year, according to the Council of Mortgage Lenders (CML). While the increase is higher than the 3% seasonal rise that might typically be ... more »
Dollar hit by fresh weakness
by
Jet-to-Let Magazine
on Wed 21 Nov 2007 10:39 GMT
The dollar fell to a twelve-year low against the Swiss franc and lost ground against the yen on Monday as fears over the health of the Analysts said weak
New legislation for greener, more affordable housing
by
Jet-to-Let Magazine
on Wed 21 Nov 2007 10:38 GMT
A new Bill which will drive forward the Government’s pledge to build 3 million greener, more affordable new homes by 2020 to help first-time buyers and families was published today by Housing Minister Yvette Cooper. New measures in the Housing and Regeneration Bill include legislation to remove barriers to ... more » Friday, November 9
Bernanke gives fresh warning on US economy
by
Jet-to-Let Magazine
on Fri 09 Nov 2007 17:22 GMT
A warning by the Federal Reserve chairman, Ben Bernanke, that the US economy will remain sluggish until the middle of 2008, combined with one from the corporate bellwether Cisco Systems that it had been hit by "dramatic decreases" in orders, triggered a fresh bout of selling on Wall Street. With ... more »
1 In 4 Landlords Plans To Grow Property Portfolio Over Next Five Years
by
Jet-to-Let Magazine
on Fri 09 Nov 2007 17:16 GMT
Almost a quarter (23.4%) of landlords plan to expand their property portfolios over the next five years, according to research carried out by the National Landlords Association. Nearly 60% of landlords believe the size of their property portfolios will remain unchanged over the same period.
Play the currency game to pay your mortgage
by
Jet-to-Let Magazine
on Fri 09 Nov 2007 15:53 GMT
If you had put a £1m mortgage into US dollars at the start of the year and left it without making a single payment, then thanks to the falling dollar that mortgage would have decreased in value by more than £70,000. Such is the beauty of foreign currency mortgages, ... more » Thursday, November 8
Halifax record fall in house prices
by
Jet-to-Let Magazine
on Thu 08 Nov 2007 15:49 GMT
The latest monthly survey carried out by Halifax suggests evidence of a slowdown. The results contradict the latest research from Nationwide, which illustrated prices picking up during October. According to Halifax, house prices fell by 0.5% in October. Overall, house prices in the three months to October were 0.3% higher ... more »
UK rates stay unchanged at 5.75%
by
Jet-to-Let Magazine
on Thu 08 Nov 2007 15:47 GMT
The Bank of England has kept UK interest rates unchanged at 5.75% for the fourth month in a row in a widely expected move.
House prices to 'cool not fall'
by
Jet-to-Let Magazine
on Thu 08 Nov 2007 11:27 GMT
A new economic forecast says there is a one-in-three chance of UK houses prices being lower in real terms in 2010 than they are now. But it ... more » Monday, November 5
US spending slow despite rate cut
by
Jet-to-Let Magazine
on Mon 05 Nov 2007 17:37 GMT
Growth of spending by Spending grew by 0.3% in September after August's revised growth of 0.5%, according to the Commerce Department. A separate report showed that |
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