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Monday, April 30
Eurozone data harden rate rise expectations
by
Jet-to-Let Magazine
on Mon 30 Apr 2007 18:02 BST
The eurozone's 'Goldilocks' recovery – not too hot, not too cold – extended into April, with economic confidence strong, mortgage lending slowing and inflation falling, according to latest data. The flurry of economic news is likely to harden expectations that the European Central Bank will increase its main interest rate ... more »
House prices ‘pick up’ for April
by
Jet-to-Let Magazine
on Mon 30 Apr 2007 10:28 BST
The latest figures from Nationwide show that the pace of house price growth has picked up for April – but that the overall trend may be towards a gradual cooling of house prices. Figures for April show that house prices are up 0.9% from the March figure of 0.5%. Annual ... more »
'Moderate' growth in US economy
by
Jet-to-Let Magazine
on Mon 30 Apr 2007 10:21 BST
Weakness in manufacturing and the housing market are behind modest overall growth in the US economy, a key snapshot of activity has indicated. Thursday, April 26
Buy-to-let home owners to double
by
Jet-to-Let Magazine
on Thu 26 Apr 2007 16:51 BST
The growing population has driven demand for rented homes. That would roughly double the ... more »
Dominic Farrell - 35% of Liverpool city apartments empty & Polish interest rates
by
Jet-to-Let Magazine
on Thu 26 Apr 2007 13:23 BST
Dear Investor Another busy week or so with a radio slot to discuss Jet-to-Let in Cyprus , the pitfalls of investing in the North and the latest hotspots. I also spent last Saturday discussing property investment with students on the Bewarethesharks.com course in London and as ever a great turnout ... more »
Sharp decline in US house sales
by
Jet-to-Let Magazine
on Thu 26 Apr 2007 09:56 BST
Sales of non-new US homes fell 8.4% in March, the sharpest month-on-month drop for 18 years and a further illustration of weakness in the US housing market. The ... more » Wednesday, April 25
UK sees economic growth quicken
by
Jet-to-Let Magazine
on Wed 25 Apr 2007 18:04 BST
The UK economy grew faster than expected in the three months between January and March, National Statistics figures show.
CML reveals highest March lending figure ever
by
Jet-to-Let Magazine
on Wed 25 Apr 2007 12:02 BST
Gross mortgage lending reached a March record of £31.3 billion according to the latest data from the Council of Mortgage Lenders. This was a leap of 22% from February's lending figure of £25.5 billion and is 10% higher than the £28.3 billion of lending reached in March last year.
Commenting ... more »
Lenders put a stop to fixed rate mortgages
by
Jet-to-Let Magazine
on Wed 25 Apr 2007 11:59 BST
Nationwide, the UK's second largest mortgage lender, has withdrawn its fixed rates, while Alliance & Leicester, Portman, Skipton and Kent Reliance building societies -- all of which boasted best-buy deals up until early last week -- have also shut up shop on their most attractive fixed-rate products.
First-time buyers looking ... more » Monday, April 23
US to witness weak economic growth
by
Jet-to-Let Magazine
on Mon 23 Apr 2007 16:31 BST
U.S. corporate profits will be smaller, demand for goods will diminish, hiring will slow and weaker growth is expected later this year, a survey released on Monday showed.
The National Association for Business Economics survey of business conditions also found that mortgage defaults forecast later in the year were expected ... more »
Mortgage lend in March at record figure
by
Jet-to-Let Magazine
on Mon 23 Apr 2007 16:24 BST
Gross mortgage lending reached a March record of £31.3 billion according to the latest data from the Council of Mortgage Lenders. This was a leap of 22% from February's lending figure of £25.5 billion and is 10% higher than the £28.3 billion of lending reached in March last year. The ... more » Friday, April 20
Growth ease in Retail unlikely to stop interest rate rise
by
Jet-to-Let Magazine
on Fri 20 Apr 2007 16:18 BST
Retail sales growth eased in March – but the Bank of England is still likely to increase interest rates beyond their current level of 5.25%. After February’s strong rise, the Office for National Statistics today announced sales rose 0.3% up to 4.8% for the year, considerably less than 0.5% rise ... more » Wednesday, April 18
US inflation fears ease in March
by
Jet-to-Let Magazine
on Wed 18 Apr 2007 16:50 BST
Concerns about the pace of US inflation eased slightly after official figures showed that a key gauge of price growth declined in March from previous months.
Core inflation, which excludes energy and food costs, rose by 0.1% in March, down from 0.2% in February and 0.3 in January, the Labor ... more »
Pound reaches 26-year dollar high
by
Jet-to-Let Magazine
on Wed 18 Apr 2007 16:44 BST
Sterling has continued to climb against the US dollar, moving above $2.01, the highest rate since June 1981. Tuesday, April 17
Inflation reaches all time high of 3.1%
by
Jet-to-Let Magazine
on Tue 17 Apr 2007 14:30 BST
Inflation in the UK unexpectedly rose to 3.1% in March, its highest level since comparable records began. The Bank of England governor will now have to write an unprecedented letter of explanation to the government as to why consumer price inflation is over one percent away from the government’s 2% ... more »
Sterling moves in on key $2 mark
by
Jet-to-Let Magazine
on Tue 17 Apr 2007 12:52 BST
Sterling today moved closer to the $2 mark as it hit its highest level against the dollar since September 1992. Sterling closed in on the key figure after strong producer prices and housing data intimated that the expected interest rates rise is imminent. Following the Group of Seven meeting at ... more »
Asking prices at highest rate for five years
by
Jet-to-Let Magazine
on Tue 17 Apr 2007 12:31 BST
Asking prices for houses in England and Wales have rose at their fastest pace in five years this month, according to property website Rightmove. According to their monthly survey, Rightmove say the average house price rose 3.6% (£8,300) in value between 11th March and 7th April, the strongest recorded figure ... more » Wednesday, April 11
Fed’s President: U.S. economy weaker than expected
by
Jet-to-Let Magazine
on Wed 11 Apr 2007 16:16 BST
Philadelphia Federal Reserve Bank President Charles Plosser said on Tuesday that the U.S. economy is not as strong as the Fed had expected two months ago and prices remained higher.
Buy-to-let portfolios continue to grow
by
Jet-to-Let Magazine
on Wed 11 Apr 2007 16:14 BST
The number of properties in the average landlord’s portfolio has risen since last quarter, according to the most recent research by Paragon Mortgages. In November 2006, the average number of properties owned by a landlord stood at 10.2, a figure which rose by February to 11.1. In addition, the average ... more »
Britons fly the nest later as house prices rise
by
Jet-to-Let Magazine
on Wed 11 Apr 2007 16:07 BST
Spiralling house prices and the growing weight of student debt means young Britons are taking longer to fly the nest, according to the Office for National Statistics.
In 2006 around 60 percent of men and 40 percent of women aged 20 to 24 were living with their parents, significantly higher ... more » Tuesday, April 10
Record monthly price growth in Prime Central London
by
Jet-to-Let Magazine
on Tue 10 Apr 2007 16:20 BST
Research carried out by Knight Frank has revealed that house price growth in London has continued to break records. Prime property prices increased by 3.1% in the month of March, the highest monthly rate of growth on record, leading to an annual price growth of an astonishing 32.0%. The report ... more » Thursday, April 5
Interest Rates Remain at 5.25%
by
Jet-to-Let Magazine
on Thu 05 Apr 2007 16:23 BST
The bank of England’s Monetary Policy Committee (MPC) today decided to hold interest rates at 5.25% for the April meeting. Interest rates have risen three times since August, as the MPC try to reign in inflation; consumer prices have remained at 2.8% since falling slightly in January. For now at ... more »
House price inflation breaks through 10% barrier
by
Jet-to-Let Magazine
on Thu 05 Apr 2007 16:21 BST
House price inflation broke through the 10% barrier last month as higher interest rates failed to dent activity in Britain's property market, the Halifax said today.
The March jump in prices - which is likely to add to pressure for a fourth upward move in borrowing costs since last summer ... more » Wednesday, April 4
Britain’s wealth ‘tied up in property’
by
Jet-to-Let Magazine
on Wed 04 Apr 2007 16:28 BST
A study by insurer Prudential has shown that more than half of Britons' personal wealth on average is tied up in their homes. The study, undertaken by Datamonitor, illustrates a growing shift in wealth away from traditional financial assets and highlights the increasing importance non-financial assets. If the existing trends ... more »
House price growth 'stays strong'
by
Jet-to-Let Magazine
on Wed 04 Apr 2007 16:22 BST
Annual house price inflation across the UK has risen to almost 10%, according to the Nationwide Building Society. Tuesday, April 3
Dominic Farrell - Berlin
by
Jet-to-Let Magazine
on Tue 03 Apr 2007 13:22 BST
Dear Investor As I have written on previous occasions I lived in Berlin for two years during the Soviet era when the city was divided. Wow, what a change, particularly in the East. The hotel I stayed in last week was awash with investors from the UK, Ireland, the US ... more » |
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