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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 » 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
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.
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 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. 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. 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 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 » |
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