After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Taylor Wimpey’s average UK house price hits £210,000 January 15, 2014 House builder Taylor Wimpey has reported significant improvement in the housing market underpinned by increasing consumer confidence and government interventions to bolster homeownership. Average selling prices on private completions rose by seven per cent to £210,000. Taylor Wimpey's overall average selling price has also increased by 6 per cent to £191,000. The company expects to [...]
London housing outstrips country as prices rocket January 14, 2014 LONDON house prices are rising nearly four times as fast as properties outside the south east of England, as the recent heat in the housing market concentrates on the capital. The price of London property rose by 11.6 per cent in the 12 months to November 2013, while prices outside London and the south east [...]
Countrywide predicts rosier full-year profit January 14, 2014 COUNTRYWIDE Holdings, Britain’s largest estate agent by revenue, has said it expects to deliver a full-year profit at the top end of expectations after revenues rose by a quarter in the fourth quarter of the year. The group yesterday reported an income of £171m in the quarter to 31 December and £584.8m for the full-year, [...]
A recovery built on bricks and mortar January 12, 2014 Bovis chief executive David Ritchie tells Elizabeth Fournier why he’s not concerned about a new UK housing bubble THE LAST 12 months have been good ones for Britain’s housebuilders. After a financial crisis that saw billions wiped off the sector as credit dried up and house prices crashed, 2013 saw a return to form as [...]
Carney could scrap Help to Buy next year January 8, 2014 GEORGE Osborne’s flagship Help to Buy mortgage scheme could be shot down by Mark Carney in the coming 18 months, top bank analysts said yesterday, as the booming housing market gathers pace. The chancellor wants the scheme, which supports house buyers with small deposits, to last for three years. But if the housing market overheats [...]
Housebuilders pledge to end advance sales of homes overseas December 18, 2013 A TOTAL of 11 housing developers have signed a pledge to market their properties to UK buyers first, or at the same time, as marketing abroad. Concerns about properties being sold to foreign investors who then choose not to live in them have led to claims that many London streets are unoccupied while demand in [...]
Ed Miliband’s attack on developers ignores why housebuilding is in crisis December 16, 2013 ED MILIBAND was right to identify the housing affordability crisis as one of Britain’s most important policy challenges in his speech yesterday. Sadly, his mixed bag of proposals (expanding urban council boundaries, a 200,000 annual home-building target and fines for “land hoarders”) does not address the fundamental reasons why developers are not supplying the market [...]
Wealthy investors bet on London’s future strength December 15, 2013 ULTRA high-net worth investors are backing London as the world’s most important financial centre in the decades ahead, according to a new survey of their intentions up to 2043. Fleming Family & Partners today reveal the results of a poll of 90 families that collectively hold over £100bn in assets, suggesting the capital will remain [...]
2013 sees mortage lending rise by a quarter as market warms December 12, 2013 MORTGAGE lending rose by nearly a quarter in the 12 months to October, as prices and activity in the housing market begin to climb again for the first time since the financial crisis. According to figures released by the Council for Mortgage Lenders (CML) yesterday, lending for house purchases rose 24 per cent in the [...]
Mortgage lending soars. But will it all end in tears? December 12, 2013 Lending to first time buyers rose dramatically in October, according to the Council of Mortgage Lenders. First time buyers advanced 26,800 loans in October, the largest number of loans in a monthly period since November 2007. Strong buyer interest is strengthening activity in the housing market but limited supply remains a major problem. House prices [...]