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Wednesday, September 26
France calls for lower European interest rates
by
Jet-to-Let Magazine
on Wed 26 Sep 2007 12:44 BST
The new French finance minister Christine Lagarde has called on the European Central Bank to lower interest rates at its meeting next month to try to counter the rise of the euro. Ms Lagarde, one of the key ministers driving Nicolas Sarkozy's ambitious reform programme, said in an interview ... more »
IMF fears over Britain's sub-prime market
by
Jet-to-Let Magazine
on Wed 26 Sep 2007 12:42 BST
The International Monetary Fund has warned that The Washington-based institution singled out the Thursday, September 20
House price growth turned negative in August says RICS.
by
Jet-to-Let Magazine
on Thu 20 Sep 2007 16:25 BST
House prices growth turned negative for the first time since October 2005. 1.8% more Chartered Surveyors reported a fall than rise in house prices, down from 10.8 reporting a rise in July. Demand continued to weaken as rising interest rates weighed on buyer affordability. The trend ... more »
Abbey under fire for 125% mortgage
by
Jet-to-Let Magazine
on Thu 20 Sep 2007 16:24 BST
Britain's third biggest mortgage lender was last night accused of fuelling the national debt crisis by launching a new home loan worth up to 125% of a property's sale price. The Abbey loan, the biggest of its type ever offered to Tuesday, September 18
Relief as Northern Rock shares up
by
Jet-to-Let Magazine
on Tue 18 Sep 2007 16:20 BST
Shares in Northern Rock have recovered some ground after the government promised to protect savers' deposits. Desperate to restore faith in British banks, Chancellor Alistair Darling pledged the Bank of England would guarantee all existing deposits. The unprecedented move led to drop in the number of people queuing ... more »
One-in-ten chance of housing crash, says RICS
by
Jet-to-Let Magazine
on Tue 18 Sep 2007 14:19 BST
There is a one-in-ten chance of a crash in the housing market over the next year, according to the Royal Institution of Chartered Surveyors. Simon Rubinsohn, chief economist for the RICS, also said there was a 20-per-cent chance of a 10-per-cent drop in Monday, September 17
Buy-to-let investors return as rental market sees record growth
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 17:14 BST
Buy-to-let investors returned to the market as rental growth reached record levels. Tenant demand for rental property has been boosted by declining accessibility, rising uncertainty and a slowing housing market which has reduced the impetus on would-be home buyers to enter into the market, says the RICS Lettings Market ... more »
Alan Greenspan warns of UK house prices drop
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 17:13 BST
Alan Greenspan, the former head of
Alan Greenspan warned recent increases in house prices were unsustainable He warns of "difficulties" ahead for
Bank lending rate rises on Northern Rock woes
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 17:12 BST
The short-term lending cost between banks has shot up in the wake of the run on Northern Rock, figures show today. The overnight interbank Libor rate surged to 6.47 per cent this morning compared with 5.87 per cent on Friday and above the 5.75 per cent Bank of England ... more »
Mortgage borrowers and savers told not to panic
by
Jet-to-Let Magazine
on Mon 17 Sep 2007 16:45 BST
Borrowers and savers have little to fear, despite Northern Rock's need for an emergency loan from the Bank of England, industry experts said, though they believe liquidity problems could slow the property market. Mortgage borrowers and savers with Northern Rock -- the country's eighth-largest listed bank -- can have ... more » Friday, September 14
Bank of England in dramatic intervention
by
Jet-to-Let Magazine
on Fri 14 Sep 2007 16:41 BST
The Bank of England was last night forced to hand emergency funding to one of Britain's biggest mortgage providers - Northern Rock - as it became the first major financial institution in the UK to run into serious trouble as a result of the credit crisis that has caused turmoil ... more » Thursday, September 13
Fall in loans to buyers and re-mortgagors
by
Jet-to-Let Magazine
on Thu 13 Sep 2007 12:25 BST
The number and value of mortgages taken out by both home-buyers and those re-mortgaging fell in July, according to the Council of Mortgage Lenders. But lending not accounted for by house purchase or re-mortgaging (primarily made up of further advances and buy-to-let) rose to its highest-ever value - £7.8 billion ... more »
'Mis-priced' risk at heart of credit turmoil
by
Jet-to-Let Magazine
on Thu 13 Sep 2007 12:22 BST
Mervyn King, the governor of the Bank of England, today blamed risky behaviour by banks for the current financial turmoil and warned that an over-generous bail out by Releasing evidence that he will give to next week's ... more »
Slowdown fuels tenant frenzy
by
Jet-to-Let Magazine
on Thu 13 Sep 2007 12:17 BST
Tenant demand for rented accommodation is growing strongly on the back of a slowing housing market, higher borrowing costs and the uncertain outlook for house prices, three key sources of independent research on the private rented sector have confirmed. The increased level of demand is creating an upward pressure ... more » Wednesday, September 12
House price inflation ‘slowing’
by
Jet-to-Let Magazine
on Wed 12 Sep 2007 09:37 BST
House prices increased by 0.4% in August, according to reports by the
Buy-to-let alive and well
by
Jet-to-Let Magazine
on Wed 12 Sep 2007 09:36 BST
Buy-to-let investors are continuing to pile into the property market in spite of rising interest rates, lured by strong rises in rents, the Royal Institution of Chartered Surveyors said today. Demand for rental property is being supported by the inability of many would-be first-time buyers to afford anything. It is ... more » Monday, September 10
Prime London set to cool
by
Jet-to-Let Magazine
on Mon 10 Sep 2007 16:56 BST
The Knight Frank Prime Central London has index revealed that the uncertainty in the financial markets during August has had limited immediate impact on the prime central London residential market
The monthly rate of growth fell from 3.9% in July to a still respectable 2.1% in August, whilst the ... more »
Hips rolled out to three-bed homes
by
Jet-to-Let Magazine
on Mon 10 Sep 2007 16:53 BST
Owners of three-bedroom homes who put their property up for sale will have to provide a home information pack (Hip) from today, as the government's controversial scheme is extended. The change comes just over a month after the packs became compulsory for four-bedroom homes, and means 60% of the total ... more » Friday, September 7
Report says UK will avoid property valuations crisis
by
Jet-to-Let Magazine
on Fri 07 Sep 2007 16:56 BST
The UK property market is unlikely to suffer the kind of valuations crisis that brought some of Germany's largest open-ended property funds close to collapse in 2005 and early 2006, according to industry research. But the report by independent UK industry group Investment Property Forum (IPF.L: Quote, Profile, Research) warned ... more »
Property in Hungary
by
Jet-to-Let Magazine
on Fri 07 Sep 2007 15:26 BST
When Soviet tanks rumbled through the streets of Budapest in 1956 to crush an anti-communist revolt, who'd have thought that Hungary would, under Prime Minister Janos Kadar, become one of the most liberal of the Eastern bloc nations? A range of policies enacted under Kadar’s leadership from 1956 to 1988 ... more » Wednesday, September 5
Property affordability near record low
by
Jet-to-Let Magazine
on Wed 05 Sep 2007 10:00 BST
Housing affordability has deteriorated to near record lows, with homes five times more expensive for first-time buyers than in 1996, new figures show. Buyers in the southeast and southwest of England have to save over 100 percent of their annual earnings for a deposit to get a foothold on the ... more »
Property prices boosting sub-prime market
by
Jet-to-Let Magazine
on Wed 05 Sep 2007 09:13 BST
Housing in Britain has rarely been less affordable than it is today, according to the latest intelligence from the Royal Institution of Chartered Surveyors. A combination of still-rising property prices, rising interest rates and taxes, and higher household bills have conspired to push more and more people out of range ... more » Tuesday, September 4
Tighter mortgage lending seen from subprime impact
by
Jet-to-Let Magazine
on Tue 04 Sep 2007 12:43 BST
The U.S. subprime crisis could herald tighter mortgage policies in Europe and retail lenders could be especially reluctant to grant 100 percent loans on property purchases, analysts said. Arturo de Frias, chief banking analyst at Dresdner Kleinwort in London, forecast a "widening of spreads but that is good for the ... more » Monday, September 3
UK property price growth second only to Spain
by
Jet-to-Let Magazine
on Mon 03 Sep 2007 16:17 BST
UK house price inflation has outpaced all other EU countries apart from Spain over the last five years, Halifax research has shown. Property in Britain is now 90 percent more expensive than it was in 2001, behind only Spain on 100 percent said the study. Across the EU, property prices ... more » |
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