London house price danger flagged by IMF review June 6, 2014 The UK's government has this morning received a far more glowing appraisal from the International Monetary Fund (IMF) than it has become used to. The supranational organisation has delivered its Article IV mission findings, noting that the UK's economy "has rebounded strongly and growth is becoming more balanced". Among its other points, the IMF lists [...]
House prices rise five times faster than expected June 5, 2014 House prices rose by 3.9 per cent in May, according to data from Halifax. Analysts had been expecting prices to rise by just 0.7 per cent this month. IHS Global Insight's Howard Archer says the increase "is a real bolt from the blue and at face value unsettling for policymakers." Values in the three months [...]
Average UK house price hits record high as Help to Buy fails to take off in London June 3, 2014 UK house prices rose by 11.1 per cent annually last month, according to the latest figures from Nationwide. That takes the cost of an average UK home to £186,512 – overtaking the previous peak reached in pre-crisis October 2007 for the first time. In April, the average cost was £183,577. The building society’s house prices [...]
Global house prices slow as the UK jumps up world rankings June 2, 2014 Global house prices have increased for the eighth quarter in a row but the rate of price growth is now slowing, according to figures out today from Knight Frank. Prices rose by 7.1 per cent in the year to March, according to the property agency’s Global House Price Index. However the last quarter [...]
London house price boom set to cool down May 28, 2014 LONDON’S housing market is likely to slow down over the summer and return to normal levels of growth in the coming years, Britain’s biggest building society said today. Prices in the capital have shot up by as much as 20 per cent in the last year, but are likely to gradually slow down to increase [...]
Brace for impact: Bank of England issues warning on house prices May 21, 2014 Super low interest rates could inflate a housing bubble, the Bank of England admitted today, indicating it could step in to cool the rampant market soon. The monetary policy committee (MPC) said it will not raise interest rates to tackle to risks yet, but has pointed to the financial policy committee (FPC) as a [...]
Carney: No rate hike to cool house prices May 14, 2014 INTEREST rates will not be hiked to slow London’s housing boom, Mark Carney said yesterday, arguing there are limits to the Bank of England’s powers when the crisis is caused by a crippling shortage of home building. Instead, Carney said he could make it more expensive for banks to give out mortgages, taking some of [...]
Bank of England inaction threatens house price bubble, warns analyst May 8, 2014 April saw a rare fall in house prices, according to the latest data from Halifax. They dropped by 0.2 per cent, a small monthly decline. But on an annual basis, UK house prices are now up by 8.5 per cent in the three months to April. House prices are driven by supply and demand, and [...]
Warning to UK over runaway house prices May 6, 2014 ECONOMISTS from a group of the world’s leading wealthy countries yesterday issued a stark warning over the UK’s property market, advising British authorities to take action against surging house prices. The Organisation for Economic Co-operation and Development (OECD) added to concerns that the UK’s recent house price growth was out of sync with weak wages, [...]
Don’t panic – British house prices are really boring May 6, 2014 You wouldn’t guess it from London’s boom in house prices, but Britain’s market overall is perhaps the most boring in the developed world, OECD numbers showed today. Prices increased just 1.3 per cent last year, the organisation said – a shockingly dull rise. And don't just take that number in isolation. Britain is [...]