House prices and rental yields will be squeezed upward by a shortage of new homes, experts claim, following the latest production figures from the National House Building Council (NHBC). Despite various Government initiatives to encourage new building and help first time buyers beat the mortgage famine, the NHBC reports a sharp contraction in public sector [...]
Inflation ‘falls’ while the cost of living continues to rise: which planet are these economists on?
Today’s inflation figures will prompt many readers who must pay their way in the real world to wonder which planet the economists are on. We are asked to believe that inflation has ‘fallen’ to 3.6pc, as measured by the Government’s preferred benchmark of the Consumer Prices Index (CPI) or 3.9pc on the more widely-based Retail [...]
Repossessions rise and housing experts fear worse to come
Repossessions increased by 5pc over the last year, according to the Council of Mortgage Lenders (CML), as more than 800,000 homebuyers struggled to meet monthly bills – despite interest rates remaining frozen for nearly three years. During the fourth quarter of 2011, the number of homes repossessed from their buyers was 8,500 compared to 8,100 [...]
Broadband speeds rise but rural areas lag behind and adverts continue to mislead
Broadband speeds increased by more than a fifth last year, Ofcom, the statutory regulator, reckons, but consumer groups claim progress is patchy with many rural areas being left behind and internet service providers’ (ISP’s) advertising is misleading. Nearly a third of internet users found broadband speeds slower than expected, according to Ofcom’s report last year. [...]
Rural house prices rise 35pc faster than in town as wealthy pensioners displace local youngsters
House prices have risen 35pc faster in the countryside than in urban areas during the last decade, according to Halifax, turning some villages into dormitory suburbs and pricing local young people out of home ownership. Wealthy pensioners retiring to the countryside and buyers of holiday homes have propelled the average rural house price to more [...]
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance
The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance ISBN13: 9780802144652 Condition: New Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold! A candid history of the American banking dynasty spans four generations and chronicles both the evolution of [...]
House prices rise in London to divide a nation of ‘haves and have-nots’
One terraced house in Camden changed hands for an eye-stretching £19m last month and the average price of property excluding flats in the City of Westminster hit a new record of £2.4m, according to new analysis of Land Registry tax receipts. LSL Property Services – owners of estate agents Your Move and Reeds Rains – [...]
Asian stocks rise on Greek deal
Asian shares rose sharply following a fresh deal on Greek debt View full post on Financial Times – UK Homepage
Rise in gold producers fails to cheer Asia
Stock markets were mixed as caution continued to blanket the region due to worries about debt issues in the US and Europe View full post on Financial Times – UK Homepage
Rise in spin-offs as groups focus on valuation
A rising number of US companies have moved to streamline operations this year through asset sales and spin-offs in a bid to remedy lacklustre stock market valuations View full post on Financial Times – UK Homepage