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Friday, March 30
Rate rises 'cooling house prices'
by
Jet-to-Let Magazine
on Fri 30 Mar 2007 09:25 BST
UK house price inflation slowed in March indicating that recent interest rate rises are having an effect, Nationwide has said.
The building society said prices rose by 0.4% in March, putting the average property cost at £177,083.
Annual house price inflation fell to 9.3% in March from 10.2% last month.... more »
US confidence hit by house prices
by
Jet-to-Let Magazine
on Fri 30 Mar 2007 09:23 BST
Falling home values, rocky stock markets and rising petrol prices have hit consumer confidence in the US, data has suggested.
The New York-based Conference Board index for March fell to 107.2 from 111.2 a month earlier.
The compilers of the index said "apprehension about the short-term future" had dented confidence.... more »
Tuesday, March 27
ECB's rates rise to 4% ‘likely’
by
Jet-to-Let Magazine
on Tue 27 Mar 2007 15:06 BST
European Central Bank council member Nicholas Garganas indicated the bank may not be finished raising interest rates in the 13-nation euro region.
“I would not say that interest rates have reached a level that could be described as a peak,” Garganas, who also heads the Greek central bank, said in ... more »
New US home sales see fresh fall
by
Jet-to-Let Magazine
on Tue 27 Mar 2007 15:03 BST
Sales of new US homes dropped for the second month in a row this year, official figures show.Commerce Department data showed the number of new homes sold fell 3.9% in February, after January's 15.8% drop.
The latest data puts the annual rate of new home sales at 848,000 - ... more »
Dominic Farrell - Investment appraisals
by
Jet-to-Let Magazine
on Tue 27 Mar 2007 13:16 BST
Dear Investor
I have cautioned investors for some time to take with a pinch of salt some of the investment appraisals doing the rounds on the internet, some of which actually beggar belief as an "appraisal"
Lots of investment appraisals are sales brochures with numbers and tend to gloss over ... more »
House price growth highest since 2003
by
Jet-to-Let Magazine
on Tue 27 Mar 2007 10:10 BST
House price inflation in England and Wales has grown to its highest level for almost four years, according to Hometrack.
Average house prices grew by 0.8% in March - up from 0.7% the previous month, according to Hometrack's latest survey, pushing the annual rate of inflation up to 6.7% - ... more »
Monday, March 26
Fed's shift on tightening bias puts pressure on slipping yen
by
Jet-to-Let Magazine
on Mon 26 Mar 2007 16:52 BST
The yen came under pressure this week as the Federal Reserve softened its tightening bias in the statement that accompanied its decision to leave US interest rates on hold at 5.25 per cent.
Equities rallied sharply after the announcement on Wednesday as investors took the view that the Fed seemed ... more »
Buying a holiday home abroad becomes more tempting
by
Jet-to-Let Magazine
on Mon 26 Mar 2007 16:21 BST
Owning a holiday home abroad could be cheaper and simpler following changes in the Budget announced this week.
A tax on the assumed rental income from the property - whether or not the buyer lets it out - has been scrapped. The tax had deterred some buyers from purchasing a ... more »
Friday, March 23
Property price boom creates cash buyers
by
Jet-to-Let Magazine
on Fri 23 Mar 2007 16:20 GMT
Almost 400,000 people who plan to buy a new home in the first half of this year will be cash buyers, after raking in thousands of pounds in the property price boom.
Three million people are planning to buy a property between February and July, but 13 percent -- some ... more »
US Housing woes continue
by
Jet-to-Let Magazine
on Fri 23 Mar 2007 09:00 GMT
There has been much debate over the decline witnessed in the US housing market, and how severe its effect will be on the US economy as a whole. The Federal Reserve, and most economists maintained the decline did not risk hitting the economy at large, but economists are growing increasingly ... more »
Budget 2007 proves to be controversial
by
Jet-to-Let Magazine
on Fri 23 Mar 2007 08:58 GMT
Chancellor Gordon Brown announced a cut in the basic income tax rate from April 2008 in a surprise move at the end of what is likely to be his last Budget.
But his decision to scrap the lower 10p tax rate and raise National Insurance thresholds means few will be ... more »
Thursday, March 22
House prices rise 12.2% in year
by
Jet-to-Let Magazine
on Thu 22 Mar 2007 12:46 GMT
The price of houses in England and Wales rose an annual 12.2% in March, according to property website Rightmove.
March’s rate was up on February’s 11.5% annual increase, showing that despite the recent rise in interest rates, the housing market remains healthy. The average asking price of a house is ... more »
Tuesday, March 20
Inflation rates rise
by
Jet-to-Let Magazine
on Tue 20 Mar 2007 16:02 GMT
Inflation rates in Britain are on the up again, increasing the possibility of further interest rate rises.
The Consumer Price Index (CPI) measures state that inflation in February was 2.8%, compared to 2.7% in January. This figure is well above the Bank of England’s target of 2.0%.
Increases in air ... more »
Inheritance tax hits one third of detached houses
by
Jet-to-Let Magazine
on Tue 20 Mar 2007 16:01 GMT
Research carried out by Halifax has found that one third of owners of detached property in the UK may now be liable to pay inheritance tax. This is due to the fact that property prices are currently increasing at a much faster rate than the inheritance tax threshold.
Halifax says ... more »
Monday, March 19
EU inflation stable at 2.1%
by
Jet-to-Let Magazine
on Mon 19 Mar 2007 11:53 GMT
According to Eurostat, the Statistical Office of the European communities, annual EU inflation remained unchanged from January’s figure of 2.1%. The current rate of inflation is close to the European Central Banks desired level of 2%.
The current inflation rate for the euro zone is at 1.8%, which is in ... more »
House prices slow as affordability worsens
by
Jet-to-Let Magazine
on Mon 19 Mar 2007 11:51 GMT
House price rises have slowed to the slowest pace since last May as interest rate hikes have worsened buyer affordability, according to a recent RICS UK housing market survey.
The pace of increases remains only just above the long run average of 21.6% as supply conditions remain tight boosted by ... more »
Friday, March 16
UK economy 'to see solid growth'
by
Jet-to-Let Magazine
on Fri 16 Mar 2007 09:16 GMT
According to the CBI, the UK economy will perform better in 2007 than had previously been forecast.
The employer’s body is predicting growth of 2.9% in 2007, ahead of its previous 2.7% forecast, with the economy being supported by strong consumer spending.
"The economy will enjoy better than expected growth ... more »
OECD urges interest rate caution
by
Jet-to-Let Magazine
on Fri 16 Mar 2007 09:12 GMT
The Organisation for Economic Cooperation and Development (OECD) says inflation in the eurozone, US and Japan does not justify further rate rises.
The OECD's chief economist said that a rate rise might be needed at some stage in Europe, but that at the moment inflation was "well under control".
The ... more »
Monday, March 12
Dominic Farrell - Live and Let & Romania
by
Jet-to-Let Magazine
on Mon 12 Mar 2007 13:15 GMT
Dear Investor
The recent survey we conducted of a sample 3000 subscribers was enlightening and the results will be published in the latest magazine.
It is very clear that we have a large contingent of "lifestyle" investors who wish to "live and let." This type of investing will only increase ... more »
Friday, March 2
INTERNATIONAL NEWS: Eurozone inflation supports rate rise expectations
by
Jet-to-Let Magazine
on Fri 02 Mar 2007 10:13 GMT
Eurozone inflation grew less than expected in February, although the increase was still enough to support expectations that the European Central Bank will raise interest rates further.
Prices in the 13-country region rose 1.8 per cent year-on-year, the same as in January, according to official data released yesterday. The figure ... more »
NATIONAL NEWS: Rise in demand for rented property will cheer landlords
by
Jet-to-Let Magazine
on Fri 02 Mar 2007 09:59 GMT
Tenant demand for residential property is rising at its fastest pace for nine years, according to a new survey that will bring much-needed relief to Britain's many landlords.
Landlords have faced several sluggish years in which rents barely moved in many parts of the country, despite the rapid growth in ... more »
Growing UK economy shrugs off rate rises
by
Jet-to-Let Magazine
on Fri 02 Mar 2007 09:18 GMT
Signs that secured borrowing remains robust and firm data on manufacturing and retail sales, released on Thursday, painted the picture of an economy that has yet to be cooled by the recent spate of interest rate rises.
The Bank of England said that the number of mortgage approvals – considered ... more »
Thursday, March 1
INTERNATIONAL NEWS: Sharp fall in sales of new US homes
by
Jet-to-Let Magazine
on Thu 01 Mar 2007 12:25 GMT
Americans bought far fewer new homes last month, according to government data released yesterday that showed sales fell at the fastest rate in 13 years.
Sales of newly built homes fell 17 per cent as the backlog of houses standing empty remained stubbornly high, figures from the Commerce Department showed.... more »
NATIONAL NEWS: Too few houses for sale lifts prices
by
Jet-to-Let Magazine
on Thu 01 Mar 2007 12:23 GMT
A shortage of properties for sale helped to push annual house price inflation back into double digits in February, but higher interest rates and stretched affordability were causing demand to weaken, the Nationwide said yesterday.
The average price of a home was £174,706, a month-on-month increase of 0.7 per cent.... more »
Wednesday, February 28
Dominic Farrell - Germany and Berlin
by
Jet-to-Let Magazine
on Wed 28 Feb 2007 13:09 GMT
Sunday Business Post Expo Dublin and Germany
The Expo in Dublin was very enjoyable and an opportunity to meet old and new friends alike. The majority of exhibitors were selling Germany and its major cities and these stands where particularly busy. I have been looking at Germany for some time. ... more »
Bankers' data show continuing mortgage demand
by
Jet-to-Let Magazine
on Wed 28 Feb 2007 10:55 GMT
Recent interest rate rises have yet to lead to any significant cooling of the housing market but the trend for consumers to be more "prudent" about borrowing on credit cards is continuing, a lending body said on Tuesday.
In its latest publication of data covering 70 per cent of gross ... more »
Wednesday, February 14
UK Inflation falls but rate rise still expected
by
Jet-to-Let Magazine
on Wed 14 Feb 2007 16:41 GMT
Inflation fell by more than expected in January, according to official figures published yesterday, but analysts said it was too soon to say whether interest rates had peaked.
Consumer price inflation - the Bank of England's target measure - dropped to an annual 2.7 per cent from December's record high ... more »
Tuesday, February 13
Sharp fall in UK inflation as transport costs ease
by
Jet-to-Let Magazine
on Tue 13 Feb 2007 17:09 GMT
Lower transport costs in January helped UK inflation to fall the most in four years , data released on Tuesday showed.
The pound slumped and government bonds rose as traders calculated that the news reduced the need for the Bank of England to continue increasing the cost of borrowing.
The ... more »
Bradford and Bingley sees no slowdown in to buy-to-let
by
Jet-to-Let Magazine
on Tue 13 Feb 2007 17:07 GMT
The buoyant UK housing market and the growing ranks of the self-employed helped Bradford & Bingley on Tuesday report an 8 per cent increase in annual underlying profits.
The phenomenal growth of the buy-to-let market in the UK also helped the Yorkshire-based bank profits exceed analysts' expectations.
Lending for residential ... more »
Monday, February 12
FREE groundbreaking property investment magazine
by
Jet-to-Let Magazine
on Mon 12 Feb 2007 11:31 GMT
Sign-up today for a new, FREE groundbreaking property investment magazine:
"Expert opinion, comment and analysis from property industry insiders brought straight to your door."
http://www.jet-to-let-magazine.com
more »
Friday, February 9
Markets Overview: Europe retreats after ECB rate comments
by
Jet-to-Let Magazine
on Fri 09 Feb 2007 13:33 GMT
European stocks beat a hasty retreat on Thursday as the prospect of higher eurozone interest rates loomed over the market.
The European Central Bank left rates unchanged at 3.5 per cent after its policy meeting, but Jean-Claude Trichet, president, clearly signalled a quarter-point tightening next month by saying "strong vigilance" ... more »
Thursday, February 8
Sterling slides after rate decision
by
Jet-to-Let Magazine
on Thu 08 Feb 2007 15:41 GMT
The pound lost ground on Thursday after the Bank of England left UK interest rates unchanged at it policy setting meeting. While the majority of analysts were expecting UK interest rates to remain on hold at 5.25 per cent, there was some nervousness ahead of the decision in the wake of last month’s surprise 25 basis-point rate rise. more »
UK interest rates stay at 5.25 per cent
by
Jet-to-Let Magazine
on Thu 08 Feb 2007 15:36 GMT
Interest rates were left unchanged at 5.25 per cent on Thursday, but the city remains convinced that further increases in the cost of borrowing are just around the corner.
The tabular content relating to this article is not available to view. Apologies in advance for the inconvenience caused. more »
Dominic Farrell - Property investing is a numbers game
by
Jet-to-Let Magazine
on Thu 08 Feb 2007 13:01 GMT
Thank you for the positive feedback we had about the new look format and content for the newsletter. Judging by the number of new subscribers we've had since, you must have forwarded it to “everyone you know.” We will endeavour to send the newsletter out every Friday although on occasions ... more »
Monday, February 5
Dominic Farrell - Eastern European Investment good idea?
by
Jet-to-Let Magazine
on Mon 05 Feb 2007 12:44 GMT
Dear Investor
I’ve had a busy few days with property investment seminars and a few media interviews including “A Place in the Sun” and the “Sunday Business Post” in Ireland.
For subscribers who live in Ireland, Jet-to-Let Magazine will be at the Sunday Business Post property exhibition in Dublin from ... more »
Wednesday, January 31
Chicago tops US property hotspots
by
Jet-to-Let Magazine
on Wed 31 Jan 2007 11:29 GMT
Chicago shot to the top of the list of the hottest US office property markets last year as investors flocked from the east and west coasts towards cheaper prices in the Windy City.
The amount of office property changing hands in downtown Chicago soared to more than 26m square foot ... more »
UK property repossessions to surge as rate hikes bite
by
Jet-to-Let Magazine
on Wed 31 Jan 2007 11:25 GMT
Home reposessions are set to rise this year and next as higher interest rates take their toll.
The warning from the Council of Mortgage Lenders follows a 65 per cent jump in the number of repossessions last year compared to 2005.
The CML revealed repossessions rose to 17,000 last year, ... more »
Monday, January 22
Yen loses ground as Bank of Japan keeps interest rates on hold
by
Jet-to-Let Magazine
on Mon 22 Jan 2007 09:00 GMT
The yen lost ground across the board this week amid the fallout from the Bank of Japan's decision to keep interest rates on hold at 0.25 per cent on Thursday.
Analysts said the decision fuelled investor appetite for carry trades, in which investors fund positions in high-yielding currencies by selling ... more »
Friday, January 19
UK mortgage lending at record high
by
Jet-to-Let Magazine
on Fri 19 Jan 2007 16:02 GMT
Mortgage lending fell 10% in December, but was still at record levels for the month, figures showed.
Homebuyers borrowed £29.4bn from banks, building societies and specialist firms, the Council of Mortgage Lenders (CML) said in its monthly report.
This compares with £33.1bn in November, and is 8.8% higher than December ... more »
Tuesday, January 16
Dominic Farrell - Property Investment Strategies
by
Jet-to-Let Magazine
on Tue 16 Jan 2007 12:05 GMT
Dear Investor,
I spent a very enjoyable evening last Friday in Mayfair, London at a large gathering of property investors (300 people) for a gala dinner and charity auction. The next day consisted of a series of keynote speeches.
What became obvious by the end of the weekend was that ... more »
UK inflation hits 3%
by
Jet-to-Let Magazine
on Tue 16 Jan 2007 10:10 GMT
Inflation hit a new high in December, but the rise was not quite sufficient to require the Bank of England to pen a letter explaining the surge to Gordon Brown, chancellor of the exchequer.
The Office for National Statistics said onTuesday its index of consumer prices climbed by 3.0 per ... more »
UK interest rate rises slow property market
by
Jet-to-Let Magazine
on Tue 16 Jan 2007 10:02 GMT
Recent interest rate rises have taken the heat out of the housing market, according to a report released today. The Royal Institution of Chartered Surveyors says its latest survey of residential property shows prices rose for the 14th consecutive month in December, but the pace of that increase slowed to ... more »
Sterling at 8 year high against Yen and 2.5 year high against Euro
by
Jet-to-Let Magazine
on Tue 16 Jan 2007 10:01 GMT
Sterling advanced yesterday, extending its gains after last week's surprise interest rate rise by the Bank of England.
The pound rose to an eight-year high against the yen and a two-and-a-half year peak against the euro as data showed UK output prices rose 0.2 per cent in December, the highest ... more »
Thursday, January 11
Germany reports strongest growth since 2000
by
Jet-to-Let Magazine
on Thu 11 Jan 2007 12:53 GMT
German consumers’ reluctance to spend was finally smashed last year, the country’s statistical office declared on Thursday as it reported the strongest year of economic growth since 2000.
Consumer spending reversed the trend of recent years to outpace growth in disposable incomes, according to Walter Radermacher, president of the federal ... more »
Bank of England raise interest rates to 5.25%
by
Jet-to-Let Magazine
on Thu 11 Jan 2007 12:30 GMT
Interest rates hit their highest in more than 5½ years on Thursday as the Bank of England surprised the City by raising the cost of borrowing to 5.25 per cent.
The quarter of a percentage point increase wrong-footed analysts, most of whom had expected the Bank's monetary policy committee to ... more »
Tuesday, January 9
Property investment strategy 2007
by
Jet-to-Let Magazine
on Tue 09 Jan 2007 13:17 GMT
A few questions for you to kick-off the New Year:
Did you achieve your financial goals in 2006? If you did, then please skip the next few lines. If you didn’t:
• What stopped you?
• What single factor could you change now in order to make a financial success of 2007?... more »
Wednesday, December 20
Happy Christmas and New Year - we are closed until 8 January 2007
by
Jet-to-Let Magazine
on Wed 20 Dec 2006 10:18 GMT
Dominic Farrell - Live life on an upward curve
by
Jet-to-Let Magazine
on Wed 20 Dec 2006 10:16 GMT
Dear Investor
I would like to take this opportunity to wish you and your family a very happy Christmas and prosperous 2007 and thank you for your continued support over the past year.
I know many of you receive a couple of the other newsletters we produce and also the ... more »
Tuesday, December 19
Low-cost airline Monarch announce route to Cyprus
by
Jet-to-Let Magazine
on Tue 19 Dec 2006 14:03 GMT
Monarch is to start scheduled flights from Luton to Cyprus next year as the airline expands its network to the Eastern Mediterranean.
The airline claims the four flights a week from Luton to Larnaca will be the first low-cost scheduled flights to Cyprus from the UK. ... more »
Wednesday, December 6
ECB warns euro hopefuls
by
Jet-to-Let Magazine
on Wed 06 Dec 2006 09:51 GMT
European countries supposedly aiming to join the euro currency bloc were warned on Tuesday that they had to increase efforts to meet the membership criteria.
Progress reports issued by the European Central Bank and European Commission highlighted the patchy performance by nine countries formally committed to joining the euro. "Many ... more »
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 »
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