‘Watershed moment’: Nationwide cuts mortgage rates to sub-five per cent – while arrears keep climbing November 9, 2023 Nationwide has launched the first two-year fixed mortgage below five per cent since June as lenders face pressure to offer better deals in a fiercely competitive market.
Taylor Wimpey warns of more housing pain – but better profits than first expected November 9, 2023 The FTSE 100 firm’s trading update mimicked that of its rival Persimmon, who on Tuesday warned of market trouble next year, while simultaneously raising the number of homes it plans to build.
Mark Kleinman: WeWork’s decline foretells trouble in the property market November 9, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
UK Commercial Property reveals merger talks with rival Picton November 8, 2023 UK Commercial Property REIT confirms talks with Picton Property for a potential all-share merger
China central bank: Don’t worry about growth – we’ll clear five per cent November 8, 2023 China will surpass its 5 per cent growth rate target, the country's central bank chief has said
IMF upgrades China’s GDP growth forecasts despite real estate crisis November 7, 2023 China's economy is set to grow 5.4 per cent this year, having made a "strong" post-Covid recovery, the IMF said on Tuesday.
King’s Speech: Compromise and deliverables for a target-driven Sunak November 7, 2023 Very little of the King's Speech pushed the boundaries of what has already been extensively planned by Sunak.
House prices: Property market shows signs of life with shock jump in October November 7, 2023 The cost of a home rose 1.1 per cent in October, breaking a run of six consecutive monthly falls, the latest figures from Halifax can reveal. According to the report, the typical UK home now costs £281k, up around £3,000 on the previous month. In the capital house prices remain the most expensive, with the [...]
Moving markets: Five things shaping the FTSE 100 today November 7, 2023 Aussie bank hike, Chinese exports fall and central bankers opine on rates: What's moving markets and the FTSE 100 today
L&G’s modular homes venture reports £94m loss as it winds down business November 6, 2023 Legal & General’s modular homes subsidiary reported losses of almost £94m last year as the insurance giant moved to close its factory and run down the pet project of outgoing chief executive Sir Nigel Wilson.