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Thursday, June 7
House price growth cools
by
Jet-to-Let Magazine
on Thu 07 Jun 2007 13:53 BST
House prices rose at their weakest monthly pace this year in May, a survey showed on Thursday, suggesting higher interest rates may be starting to cool the market even as the annual rate held in double digits. There have been signs in mortgage approvals and lending figures that Britain's housing ... more »
The future of house prices: 10 times pay
by
Jet-to-Let Magazine
on Thu 07 Jun 2007 13:51 BST
The next generation of first-time buyers will face house prices equivalent to ten times their average incomes, putting home ownership out of reach for the majority of young people, a new government agency says today. The average home in England currently costs seven times annual earnings, but that is set ... more »
UK interest rates remain at 5.5%
by
Jet-to-Let Magazine
on Thu 07 Jun 2007 13:49 BST
The Bank of England has held UK interest rates at 5.5% following its latest meeting, but analysts say a rate rise later this year remains likely. The decision to freeze rates had been expected, to give the Bank time to assess the impact of recent rate rises. UK rates have ... more » |
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