|
||||||||||
|
A growing proportion of surveyors and estate agents believe that economic uncertainty is holding back housing market activity.This was considered to be a bigger reason than the availability of mortgages and worries about house price falls, the Royal Institution of Chartered Surveyors (Rics) said. However, the latest Rics survey shows a slight rise in buyer demand [...] Mortgage interest rates could start to rise again as a result of the turmoil in the eurozone brokers are warning.Some lenders, including Woolwich, Halifax and Santander, have pushed up their tracker rates for new borrowers. This increase follows a rise in the rate at which banks lend to each other – Libor – which has been [...] The number of new mortgages approved for home buyers, but not yet lent, fell in September for the first time in five months.The Bank of England said approvals for home buyers were 50,967 in September, down 1,380 or 3% from August. The figures suggest that this year’s modest revival in sales has ended and that mortgage [...] Kingfisher plc- the owner of B&Q and Screwfix has announced that it is creating 1,200 jobs across the UK this year.Kingfisher said that its growing business would take on 230 staff at 29 former Focus DIY stores. One thousand new jobs are also being created at trade tools supplier Screwfix. The announcement came as Kingfisher reported [...] Economic uncertainty and a lack of mortgage lending led to the sluggish housing market, the Royal Institution of Chartered Surveyors (Rics) said.Fourteen homes were sold per UK estate agent in the three months to August – the lowest total for more than two years, a survey has found. More surveyors reported price falls than price [...] House builder Redrow Plc has reported a better than expected annual pre-tax profit, on the back of a 12% rise in its house sale prices.But the Ewloe-based firm warned the outlook for the property market was challenging. Redrow posted a pre-tax profit of £25.3m in the 12 months to the end of June, compared with £700,000 [...] House prices have gone up for the third month in a row according to the Halifax mortgage lender.Its latest monthly survey says they rose in July by just 0.3%, leaving them 2.6% lower than a year ago at £163,981. The lender explained that over the last three months prices had been 0.5% higher than in the [...] The top rate of tax could be replaced with a mansion tax or a levy on the richest in society if it is scrapped, according to a senior Liberal Democrat Cabinet minister.The remarks from Vince Cable, the Business, Innovation and Skills secretary, will upset the Tory right which is putting increasing pressure on the Coalition [...] The governor of the Bank of England has said that fears of home repossessions are overdone as UK interest rates are set to remain low. A scheme aimed at preventing people losing their homes in England proved to be below target but above budget new research finds. The National Audit Office [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
|
||||||||||
|
Copyright A Business Win website by Dr Search with online marketing at Search Clinic and SEO services by SEO Cheltenham Financial news by Wise Money |
||||||||||
Recent Comments