Property Investment News and Analysis from Dominic Farrell.
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View Article  Euro hits 10-month low against dollar

The euro has fallen to its lowest level against the dollar for 10 months as European Union leaders disagree on how best to deal with Greece's debt crisis.

A leading rating agency's move to cut Portugal's credit rating on Wednesday has also forced the euro lower.

Against the dollar, the ...   more »

View Article  First-time home buyers face price rise, DCLG says

First-time buyers faced house prices that were 8.9% higher in January than a year earlier, government figures show.

The average price paid by those buying their first UK home was £149,924 in January, the Department of Communities and Local Government (DCLG) said.

This rose by 0.2% compared with December and ...   more »

View Article  Gordon Brown warns economic storm not over

Prime Minister Gordon Brown has warned Britain of economic "bumps in the road" ahead but vowed "we will weather the storm together".

And in a pre-election swipe at his political rivals, he said "now is not the time to turn back", adding: "I will not let you down."

He also ...   more »

View Article  UK economy's outlook improving, surveys suggest

Surveys from two industry bodies suggest there is growing optimism about the recovery of the UK economy.

The employers' organisation the CBI said service sector firms saw business stabilise in the last three months.

The manufacturers' lobby group the EEF also said its members were seeing improved levels of business. ...   more »

View Article  Mortgage approvals drop sharply

Figures revealing a sharp drop in mortgage approvals in January have confirmed that the UK housing market made a slow start to the year.

The Bank of England said that the number of home loans approved for house purchases in January fell by 17% compared with the previous month.

The ...   more »