Housing market hit by economic outlook warns Rics

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 [...]

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B&Q owner Kingfisher unveils higher profits and new jobs

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 [...]

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Barratt Developments hails 2011 as year of recovery

Barratt Developments, the country’s largest homebuilder, says it has had its best result in three years helped by a rise in average selling prices.It reported a pre-tax loss of £11.5 million for the year to June, including £54.2 million of exceptional charges relating to financing and reorganisation.

Stripping these charges out, the company made [...]

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UK household budgets face 10 year squeeze

Household budgets could be squeezed for the next 10 years as the impact of tax rises and cuts is felt, the Institute for Fiscal Studies (IFS) has warned.Its survey suggests families have seen the biggest fall in living standards in 30 years in the last financial year.

It warned those on lowest incomes were likely to [...]

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UK construction growth weakens in August

Growth in the UK building sector slowed further in August  while the housing sector shrank again, builders suggests.The Markit/Cips Construction PMI index – based on a monthly survey of building firms – fell to 52.6, from 53.5 in July. Levels above 50 indicate growth.

It is the lowest reading since the construction sector returned to growth [...]

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House prices see summer dip says Nationwide

House prices fell slightly in August with values expected to stay the same or drift modesty lower for the rest of 2011 Nationwide says.The building society said that property prices were 0.6% lower in August than in July, and 0.4% down on the same month a year ago.

The typical home now costs £165,914, the lender [...]

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Average house prices up slightly Halifax finds

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 [...]

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Homecall Plus household emergency call out firm collapses

The Homecall Plus company which provided cover for plumbing, heating and other emergencies in the home has collapsed.
Homecall Plus of Furthergate, Blackburn, has been put into compulsory liquidation after a creditor petitioned the Official Receiver in Blackpool.

As well as plumbing problems, it dealt with drainage and electrical failures, and provided gas safety checks.

Some 10,000 customers [...]

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UK construction sees slower growth in April

Growth in the UK construction industry slowed sharply in April weighed down by a contraction in housing activity, data has shown.
The Purchasing Managers’ Index (PMI) for construction fell to 56.4 in March to 53.3 in April.

The data was weaker than expected and helped send the Pound to a 13 month low against the euro.

The euro [...]

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End of paper payment system- unless you complain

Banks are asking consumers for their views on new payment technologies that will replace cheques by the end of the decade.
The Payments Council, which oversees UK payments strategy, is seeking views for the blueprint on how cash, cards and electronic payments operate.

The consultation will also cover mobile payments, tipped to be the main replacement for [...]

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