London house prices to drop as surveyors see slowdown January 14, 2015 SURVEYORS are predicting a fall in London house prices in 2015, new survey data shows today. Surveyors in London are anticipating a decline in prices of two to five per cent, according to the Royal Institution of Chartered Surveyors (RICS). The price falls are expected to go along with a five to 10 per cent [...]
More money in your pocket: Tumbling oil prices, £1 a litre petrol, supermarket price wars and mortgage provider competition January 12, 2015 Britons should be able to loosen their purse strings further this year, with tumbling oil prices, a supermarket price war and intense competition between mortgage providers forcing down the average cost of living. Supermarket chains Morrisons and Sainsbury’s – which together operate over 600 petrol stations – will both cut the price of unleaded petrol [...]
Taylor Wimpey confident on 2015 housing market outlook January 12, 2015 HOUSEBUILDING company Taylor Wimpey has said it is encouraged by more balanced market conditions with a lower rate of price growth. The firm enters 2015 with a record order book of £1.4bn, up by 12 per cent last year. The order book represents 6,601 homes. In 2014 the company built 12,454 homes – an increase [...]
Taylor Wimpey says housing market is set for “lower rate of price of growth” January 12, 2015 House builder Taylor Wimpey reported this morning its total home completions rose six per cent to 12,454 in the year ended 31 December. The average selling price on private completions grew a hefty 11 per cent from £210,000 in 2013 to £234,000. The overall average selling price climbed 12 per cent to £213,000. The FTSE 100 [...]
Taylor Wimpey, Barratt and Persimmon share prices among biggest FTSE fallers as Jefferies slashes ratings January 9, 2015 Housebuilders Taylor Wimpey, Barratt and Persimmon were among the biggest fallers on the FTSE 100 this morning, after broker Jefferies cut its rating across the sector. Shares in Taylor Wimpey – whose rating was cut to "hold" from "buy" – were down 4.9 per cent in lunchtime trading, while Barratt and Persimmon, which were both [...]
UK house prices: Mild respite for home buyers as market cools January 8, 2015 House price growth continued to slow in December, but still remained at elevated levels. The climb in house prices was 7.8 per cent year-on-year in December, figures released yesterday by Halifax revealed. It marks a cooling from the peak of the recent boom that, according to Halifax’s figures, saw prices rise 10.2 per cent year-on-year [...]
UK house prices growing at the slowest rate since November 2012 January 8, 2015 House prices grew by 0.3 per cent in December, their slowest rate since the three months to November 2012, according to data released by Halifax. Today's data is further evidence of a sluggish housing market in the second half of the year, slowing from a peak of 3.5 per cent for the three months to [...]
Charter Court Financial Services launches new challenger savings bank – high interest and online-only January 7, 2015 Britain is set to get another savings bank as the wave of new firms receiving licences from the regulator continues to grow. Charter Court Financial Services yesterday said it had gained approval from the Prudential Regulation Authority to launch Charter Savings Bank. It will be an online-only savings bank, and its establishment opens up a new channel [...]
Wall St up as Fed signals no rate hike hurry – New York Report January 7, 2015 US STOCKS rebounded yesterday from five straight sessions of losses after strong private sector jobs data and as minutes from the most recent Federal Reserve meeting reassured investors the bank was in no hurry to start raising interest rates. The Dow Jones industrial average rose 212.88 points, or 1.23 per cent, to 17,584.52, the S&P [...]
First-time buyer sales up by 22 per cent last year January 6, 2015 HOUSE sales to first-time buyers rose by 22 per cent last year with 326,500 taking their first steps onto the property ladder. The rise in new buyers means sales at this end of the market are back to 2007 levels, at the start of the financial crisis. The figures, published by lender Halifax, show that [...]