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Tuesday, June 30
House prices 'rose 0.9% in June'
by
Jet-to-Let Magazine
on Tue 30 Jun 2009 16:23 BST
UK house prices rose by 0.9% in June, according to the latest survey from the Nationwide building society. It said this was the third rise in the past four months, and shrank the annual rate of decline to just 9.3%, from 11.3% in May. The increase in prices during the ... more » Monday, June 29
Mortgage approvals still rising
by
Jet-to-Let Magazine
on Mon 29 Jun 2009 17:29 BST
The property market continued to pick up in May, according to figures from the Bank of England. The number of mortgages approved for house buying rose to 43,414, up from the figure of 43,191 the month before. It was the fourth month in a row that approvals have risen, suggesting ... more » Thursday, June 25
OECD says recession 'near bottom'
by
Jet-to-Let Magazine
on Thu 25 Jun 2009 10:20 BST
The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1% this year. But it adds that recovery is likely to be "weak ... more » Wednesday, June 24
House sales 'continuing to rise'
by
Jet-to-Let Magazine
on Wed 24 Jun 2009 17:30 BST
The number of homes sold in the UK has continued to rise, according to HM Revenue and Customs (HMRC). Some 62,000 residential properties costing more than £40,000 were sold in May, up 7% on the previous month. The figure was the highest since October but still well down on the ... more » Monday, June 22
Repossession risk 'overestimated'
by
Jet-to-Let Magazine
on Mon 22 Jun 2009 15:48 BST
The Council of Mortgage Lenders has cut its forecast for the number of homes expected to be repossessed in 2009. The lenders' group predicted that 65,000 homes would be repossessed this year, 10,000 fewer than the estimate it made in December. The figure would still mark a sharp rise from ... more » Friday, June 19
Mortgage lending falls back again
by
Jet-to-Let Magazine
on Fri 19 Jun 2009 17:27 BST
Mortgage lending fell back in May, according to the latest figures from the Council of Mortgage Lenders (CML). Gross lending totalled £10.3bn, which was 2% lower than in April and 58% lower than in May 2008. The CML said that while lending for home buyers had been rising recently, lending ... more » Thursday, June 18
Public borrowing at record levels
by
Jet-to-Let Magazine
on Thu 18 Jun 2009 17:12 BST
UK public sector borrowing was the highest on record in May, the Office for National Statistics said. Public sector net borrowing was £19.9bn in May, and has already reached £30bn in the first two months of the financial year. This is double the level of one year ago, and even ... more » Wednesday, June 17
US inflation lower than expected
by
Jet-to-Let Magazine
on Wed 17 Jun 2009 17:38 BST
US consumer prices rose less than had been expected in May, as the recession continued to keep inflation down. The Consumer Prices Index (CPI) from the Labor Department rose a seasonally adjusted 0.1% last month, well under the 0.3% rise that had been expected. Although petrol prices rose 9.6% in ... more » Monday, June 15
UK to recover slowly from 2010
by
Jet-to-Let Magazine
on Mon 15 Jun 2009 09:30 BST
The UK economy is stabilising but it will not be until early next year that a "slow and gradual" recovery will begin, business leaders have said. The economy will contract by 3.9% over 2009 before seeing a return to growth of 0.7% next year, the CBI predicted. "The harshest period ... more » Friday, June 12
Spring bounce in mortgage lending
by
Jet-to-Let Magazine
on Fri 12 Jun 2009 10:36 BST
The number of loans handed out for house purchases in the UK rose by 16% in April compared with the previous month, according to lenders. But the figure remains 28% down on the same month the previous year, the Council of Mortgage Lenders (CML) said. The data adds further evidence ... more » Thursday, June 11
Pound hits 2009 high against euro
by
Jet-to-Let Magazine
on Thu 11 Jun 2009 09:10 BST
Sterling has reached its highest level against the euro since the start of the year after data suggested the UK recession may be over. One pound was worth 1.1756 euros in late trading, having closed the previous day at 1.1672 euros. On Wednesday the National Institute of Economic and Social ... more » Tuesday, June 9
Market interest on the up
by
Jet-to-Let Magazine
on Tue 09 Jun 2009 13:30 BST
A further increase in both new buyer enquiries and sales, as well as a reduction in the level of stocks on surveyors books has begun to provide some support for property prices, says RICS' UK housing market survey. The number of chartered surveyors seeing an increase in new enquiries edged ... more » Monday, June 8
Interest in property 'up again'
by
Jet-to-Let Magazine
on Mon 08 Jun 2009 09:16 BST
Rising interest from potential buyers coupled with falling numbers of sellers is stabilising UK house prices, according to surveyors. New buyer inquiries increased for the seventh month in a row in May - at the fastest rate since 1999, said the Royal Institution of Chartered Surveyors. But there were fewer ... more » Friday, June 5
Pound slides on political turmoil
by
Jet-to-Let Magazine
on Fri 05 Jun 2009 17:16 BST
The pound has fallen against the dollar and euro, hit by uncertainty over the UK's political situation after several ministers resigned from the cabinet. The pound slid 1% against the dollar to $1.6022, a one-week low, but recovered slightly. Sterling hit a two-week low against the euro of 1.1277 euros. ... more » Thursday, June 4
UK house prices 'up 2.6% in May'
by
Jet-to-Let Magazine
on Thu 04 Jun 2009 17:19 BST
UK house prices rose by 2.6% in May compared with April but activity remains low in the market, according to the latest survey from the Halifax. The lender, now part of the Lloyds Banking Group, warned against placing too much weight on one month's figures. The rise came after three ... more » Wednesday, June 3
Pound hits new seven-month high
by
Jet-to-Let Magazine
on Wed 03 Jun 2009 16:59 BST
The pound has hit its highest level against the dollar in seven months, as the US currency has continued to fall out of favour with traders. One pound was worth $1.6664 on Wednesday morning. Sterling was also stronger against the euro with one pound buying 1.16 euros. It also reached ... more » Tuesday, June 2
Mortgage approvals rose in April
by
Jet-to-Let Magazine
on Tue 02 Jun 2009 16:04 BST
The number of new mortgages approved for home buyers in the UK rose in April for the third month in a row, according to the Bank of England. Lenders approved 43,201 new loans to home buyers, although the number of loans to people changing lenders or topping up existing loans ... more » Monday, June 1
House prices may have hit bottom of market
by
Jet-to-Let Magazine
on Mon 01 Jun 2009 16:08 BST
House prices fell by the smallest monthly amount in almost a year in April, down by 0.3 per cent to an average of £152,898, according to official figures published on Monday. The latest data from the Land Registry offers further evidence that the housing market has begun to stabilise and ... more » |
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