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UK economic growth- the main driver for property prices- will be slower over the next three months than previously predicted, according to a forecast from the OECD think tank. This [...] Fixed rate mortgages were at their most expensive for six months at the start of February, according to research by financial information service Moneyfacts. “The majority of lenders have increased rates since [...] The Bank of England’s Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. At the MPC’s December, November and October meetings there was [...] House prices in England and Wales are continuing to rise strongly, according to the latest figures issued by the Land Registry.Prices in April rose by another 0.2%, pushing up the annual rate of increase to 8.5%. This was the fastest rate of growth since September 2007. Meanwhile, the number of mortgage deals on offer has risen [...] The total worth of UK households’ property, savings and investments, was £6.3 trillion at the end of 2009. It gives an average value per household of £237,000, three times the £73,000 in 1959 (at today’s prices). The difference between household wealth and value per household is due to the rise in the number of homes since then. There [...] The annual rate of UK house price inflation has hit double figures for the first time since June 2007, according to the Nationwide. The building society said that house prices in the UK had risen by 10.5% in the year to the end of April. Prices rose by 1% in April to push the cost of the [...] The Bank of England has kept interest rates at a record low of 0.5% for the 12th consecutive month. The decision was widely expected by economists, who believe that any rise in the cost of borrowing could damage the UK’s fragile economic recovery. Also as expected, the bank has not pumped any more money into the economy [...] A shortage in the number of people selling their homes is underpinning the rise in UK house prices, surveyors say. The proportion reporting rises in house prices rather than falls rose to its highest level in September since the onset of the credit crunch. But the picture is different in certain parts of the country, a poll [...] Inflation fell less than expected in August to 1.6 per cent after rising fuel off set a decline in utility and food bills. The Consumer Prices Index (CPI) measure of inflation – the labour Government’s preferred measure – fell from 1.8 per cent in July and below the 1.4 per cent expected by analysts. Retail Prices Index [...] The fledgling recovery in the US housing market appears to have stalled, reducing the chance of President Barack Obama’s “glimmers of hope” turning into green shoots any time soon. Stock markets were little changed as US consumer prices posted their first annual decline since 1955. Trader John Cetera of Hamilton Executions on the floor Hopes of a [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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