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....The strategy worked – at least in the short term. Activity increased in the housing market, pushing up property prices and generating a feelgood factor among those fortunate enough to be owner-occupiers. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:26:02 PM
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....Shadow chancellor John McDonnell urged the government to change course on the economy to prevent a slump in investment. He also highlighted the OECD warning that a bubble in the housing market remained a threat to the UK’s financial stability, especially with an increase in interest rates by the Bank of England possible before the end of the year. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 09:00:02 AM
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Latest Finance News related to Housing Market

UK growth will trail Italy, France and Germany next year, says OECD image
Source : Guardian [Read Article] Wednesday 20th of September 2017 09:00:02 AM
....Shadow chancellor John McDonnell urged the government to change course on the economy to prevent a slump in investment. He also highlighted the OECD warning that a bubble in the housing market remained a threat to the UK’s financial stability, especially with an increase in interest rates by the Bank of England possible before the end of the year. ...
UK debt is explosive – and it only needs a spark to light the fuse | Larry Elliott image
....The strategy worked – at least in the short term. Activity increased in the housing market, pushing up property prices and generating a feelgood factor among those fortunate enough to be owner-occupiers. ...
Public sector employers 'preparing to hire at fastest pace since 2015' image
Source : Guardian [Read Article] Monday 11th of September 2017 11:01:19 PM
....However, there are concerns that the expected expansion of jobs may not materialise, as firms could face problems attracting and retaining skilled employees. “There is lots of talk around [that] what we need to do to fix the UK’s ailing housing market at present but politicians’ promises are just hot air without the essential skilled talent needed to deliver these programmes,” Hick said. ...
Personal finance: Britons keeping calm and carrying on despite Brexit image
Source : Daily Express [Read Article] Sunday 10th of September 2017 12:01:00 AM
.... . Brian Murphy, head of lending for the Mortgage Advice Bureau, says our impending EU departure is having little or no impact on consumer confidence: “This is perhaps surprising news for those who want to paint a pessimistic picture of the UK housing market. ...
The Tory fallacy: that migrants are taking British jobs and driving down wages | Vince Cable image
....All this is not to deny that immigration brings costs as well as economic benefits. The most obvious, if least discussed, is the impact of rising numbers of people on the housing market, where supply is constrained. ...
House prices hit record high as market shakes off Brexit doom-mongers image
Source : Daily Express [Read Article] Thursday 7th of September 2017 08:54:00 AM
....co. uk, Russell Quirk, added: “Rather than returning from the holiday period sunburnt and bleary-eyed, the UK housing market has defied the usual slower summer trends to show strong price growth on a monthly and annual basis. ...
UK house prices rising amid shortage of properties, says Halifax image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:42:06 AM
.... Annual price growth has slowed from a peak of 10% in March 2016. The figures were surprising, as other surveys have suggested a slowdown in the housing market. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
.... But the point about this incentive plan is that it rewards executives for factors entirely beyond their control. In the past six years, the housing market has drastically improved, especially in Berkeley’s home patch of London and the south-east. ...
Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond image
.... Stamp Duty. Critics say stamp duty is acting as a major deterrent to home movers and putting pressure on the UK housing market. ...
Theresa May urged to force councils to build more homes image
Source : Guardian [Read Article] Sunday 3rd of September 2017 02:06:15 PM
....”. Javid hopes by adopting an expansive approach, which includes data about the local housing market, he can kickstart redevelopment in areas where prices are rising fastest. ...
House prices to stay strong as cheap mortgage rates help lending hit nine-year high  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 02:57:00 PM
....2bn, the highest level since 2008, Bank of England data showed. It shows buyers are shaking off Brexit scare-mongering and fuelling demand in the housing market. ...
Rapid rise in personal borrowing is cooling, says Bank of England image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:19:35 AM
....95% in July, according to the Bank, the first time this measure has fallen below 2%. Archer said: “While July’s marked pick-up in mortgages may ease some concerns over tepid housing market activity, we have doubts that it marks the start of a significant upturn. ...
House price fall renews concern over cooling UK economy image
Source : Guardian [Read Article] Tuesday 29th of August 2017 07:15:43 AM
....9% in July. Robert Gardner, Nationwide’s chief economist, said: “The slowdown in house price growth to the 2-3% range in recent months from the 4-5% prevailing in 2016 is consistent with signs of cooling in the housing market and the wider economy. ...
How to avoid Inheritance Tax: Expert warns HMRC to hit families HARDER this year image
....He said: “It’s clear that the taxman is cracking down hard on inheritance tax by looking more closely at people’s estates and challenging claims for reliefs. “When inheritance tax receipts rise, it’s usually because of a buoyant housing market. ...
What are your experiences of the housing market as a BME person? image
Source : Guardian [Read Article] Wednesday 23rd of August 2017 02:33:27 PM
....The problem is particularly acute for ethnic minorities, with figures showing those from BME backgrounds are much less likely to be homeowners than white Britons. We would like to hear from people from BME backgrounds about their experiences of the housing market, whether they are thinking of buying or not and whatever their personal circumstances. ...
China's Dalian Wanda drops purchase of Nine Elms Square in London image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 08:38:07 AM
.... The Chinese government has reportedly blocked banks from funding some of Wanda’s overseas investments. The downturn in the London luxury housing market amid a glut of new properties coming on to the market made Nine Elms Square a risky investment for Wanda. ...
House prices: Northants leads Midlands 'mini-boom', says Rightmove image
Source : Guardian [Read Article] Monday 21st of August 2017 05:01:02 AM
....6%, the average new asking price stands at £629,270. Miles Shipside, Rightmove director and housing market analyst, said: “The heat has come off much of the market. ...
Second-home ownership up 30% since 2000, research finds image
Source : Guardian [Read Article] Saturday 19th of August 2017 03:54:34 PM
....”. Alistair Smyth, head of policy at the National Housing Federation, said the findings exposed the stark inequalities of the housing crisis: “Building homes is the only fix for our failing housing market. ...
REVEALED: House price hotspots - areas where values are BOOMING one year after Brexit vote image
....uk, Russell Quirk, said: "A year on and in contrast to gloomy predictions, an anticipative Schadenfreude even, we see that, in fact, house prices are nearly five per cent higher annually, with the monthly decline in growth reversing and the market remaining one of the most robust in the world. "The attempt by Osborne, Hammond and many others to talk the puff out of the UK economy and its related housing market, were grossly exaggerated and in fact completely wrong. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
....The lesson of 2007 is that all bubbles burst eventually. Alan Greenspan solved the problem of the bursting of the dotcom bubble by creating an even bigger bubble in the US housing market, and the Chinese authorities have done something similar. ...
Tourist areas need investment in jobs, not just better roads | Letters image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
.... A large proportion of these will be bought as holiday homes or by people retiring to Cornwall. This large-scale “immigration” has vastly distorted the housing market. ...
A tale of two housing markets: booming Burnley and stagnant Kensington image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
....”. Looking ahead, he expects the Brexit process to continue to weigh on the housing market: “I think it’s going to be very lumpy over the next 18 months during these negotiations. ...
Too much hinges on house prices: but Britain may yet avoid a crash image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:47 PM
.... Conversely, falling house prices would have a negative impact on spending patterns, particularly given households’ high level of debt. As the first six months of 2017 have shown, when the housing market is weak, consumer spending is weak. ...
Pensioners moving to smaller homes should NOT have to pay Stamp Duty, Hammond told image
....Chief executive John O'Connell said:"This pernicious tax prevents younger people from getting on the housing ladder, and stops older people downsizing to more manageable homes. "This hurts people at every stage of life and has slowed the housing market in the UK, greatly damaging the economy. ...
Airbnb faces EU clampdown for not paying 'fair share' of tax image
Source : Guardian [Read Article] Thursday 10th of August 2017 02:52:30 PM
....The ruling potentially makes it harder for property owners using Airbnb to exceed the 120 days a year legal rental limit for a main residence, and easier for the authorities to collect local taxes. In Barcelona, where tensions have been rising for years over the surge in visitors, the impact of sites such as Airbnb on the local housing market has led to anti-tourist protests. ...
'Political uncertainty' blamed for slowdown in UK property market image
Source : Guardian [Read Article] Thursday 10th of August 2017 05:01:28 AM
....A large majority of surveyors in both London and south-east England are reporting falling prices, though the national picture is balanced by price rises in the West Midlands, the south-west and Northern Ireland. The Royal Institution of Chartered Surveyors ( Rics) said: “Record low stock numbers, political uncertainty and the aftermath of tax changes are obstacles hindering the UK housing market, with price growth and sales activity subdued during the month of July. ...
House prices fall for FOURTH quarter in a row but here’s why homeowners shouldn't panic  image
....co. uk, Russell Quirk, added: "Yet more promising signs for the UK housing market with further evidence of a marginal uplift in prices on a monthly basis. ...
Is it a bad idea to buy a property in London if it's not home for life? image
.... I’d like to have a place to call my own, and I am currently paying £800 a month in rent, which I could pay towards a mortgage. Given London’s housing market, and potential for a slowdown or crash, is it a bad idea to buy a property in the capital, if I don’t plan to hang on to it? I am concerned about buying, and then being unable to sell for a reasonable price in a few years’ time. ...
UK house price rises slow to four-year low, says Halifax image
Source : Guardian [Read Article] Monday 7th of August 2017 09:54:34 AM
.... Nationwide reported monthly house price declines for March, April and May but June and July saw prices rise again. The housing market has surprised some economists with its resilience at a time of political uncertainty, rising inflation and stagnating or falling wages. ...
Crane spotters predict leaner times for UK builders image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....”. Francis said more than a third of new housebuilding was sustained by help to buy with that trend expected to continue over the next 18 months, provided the wider economy and housing market did not slow further. ...
Goodbye to buy-to-let: why I’m moving on after 13 years as a landlady image
Source : Guardian [Read Article] Saturday 5th of August 2017 05:59:04 AM
....But there are bigger forces driving my decision, Brexit being one of them. The uncertainty, instability and general economic dampening effects are, I feel, bound to impact the housing market, even in a place as buoyant as Oxford. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
.... But under Blair, seemingly more consensual and less dogmatic, the extending of markets into ever more areas of everyday life was presented as unavoidable, or simply practical: “what works”. The British housing market was thriving, with home ownership reaching an all-time high in 2003. ...
Leaseholds are not the problem – abuse of them is | Editorial image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:53:08 PM
....This scandal simply shows how normal it has become to expect to “earn” totally exploitative rewards, without risk or commensurate investment. This is just more evidence of the damaging commodification of land, and how, since financial deregulation, global capital flows graze effortlessly on our local housing markets for the risk-free excess profits they so willingly give up. ...
We could end the buy-to-leave scandal – if the political will was there | Polly Toynbee image
.... Consider Harold Macmillan building 350,000 council homes a year – yes, council housing – and Labour’s 100,000 seems modest. Above all, every effort should be made to freeze the housing market, and the intention announced to stop prices rising by more than inflation. ...
The Guardian view on Grenfell and the housing crisis: no more excuses | Editorial image
.... The 15% tax on foreign buyers in central Vancouver is a year old, and prices are rising again as fast as they were before the tax was introduced. In truth, London is an extreme example of the country’s dysfunctional housing market and the reluctance of central and local government to use the tax system as a way of influencing it. ...
Using Brexit to RIP of customers: Here's how YOU can beat great British rip-off image
Source : Daily Express [Read Article] Wednesday 2nd of August 2017 12:01:00 AM
.... . Danny Cox, chartered financial planner at Hargreaves Lansdown, said IHT receipts are set to smash records: “The Exchequer’s coffers continue to benefit from the booming housing market and rising asset values, despite the new tax break for the family home. ...
Angry at British Gas price hike? Save your fury for the government image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:12:54 PM
.... It would be churlish not to admit it is a well-managed business that has been an excellent investment. All the same, the directors have also enjoyed luck beyond their dreams in the form of a buoyant housing market, especially in its London and south-east heartland, and George Osborne’s help to buy wheeze. ...
House prices stabilise as number of homes on the market falls image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:13:12 PM
....Nationwide reported three months of falling prices in March, April and May, but June and July have seen prices rise again. “On the surface, this appears at odds with recent signs of cooling in the housing market,” said Robert Gardner, Nationwide’s chief economist. ...
BNP Paribas to expand further into UK property business with merger image
Source : Guardian [Read Article] Monday 31st of July 2017 07:09:18 PM
.... It comes even after global banks have said they could move thousands of jobs out of Britain to prepare for Brexit. Britain’s housing market has also slowed sharply since the UK voted in June 2016 to leave the EU, while in the past three years demand in the country’s commercial rental market has levelled off for the first time in almost five years. ...
Have we reached 'peak London' as millennials leave in record numbers? image
Source : Guardian [Read Article] Saturday 29th of July 2017 11:05:04 PM
.... He worked in advertising, so he could afford a place on a scheme designed to keep desperately needed public servants in London. The irony is that the less we intervene in the housing market, the more we find ourselves having to over-engineer who gets to live in certain places. ...
INHERITANCE TAX SHOCK: Government rakes in £5BN record high from Britain's dead image
....However, increases in stock markets, cash savings and inflation are helping to push more people into the inheritance tax bracket. Danny Cox, chartered financial planner at Hargreaves Lansdown, said: "The Exchequer’s coffers continue to benefit from the booming housing market and rising asset values and despite the new tax break for the family home, IHT receipts are set to break records again this year. ...
How about a little accountability for economists when they mess up? | Dean Baker image
....It was not difficult to recognize these bubbles. House prices had risen at an unprecedented pace in the years from the mid-1990s until the crash, with no remotely plausible basis in the fundamentals of the housing market. ...
Foxtons blames economic uncertainty as profits plunge by 64% image
Source : Guardian [Read Article] Thursday 27th of July 2017 09:25:24 AM
....The numbers come after official figures showed annual house price growth cooled down further in May. Britain’s housing market has slowed sharply since last June’s vote to leave the EU, when prices were growing by almost 10% a year. ...
Housing market still reeling a decade after financial crisis, Savills says image
. Ten years on the housing market is still feeling the after-effects of the credit crunch, with existing homeowners struggling to trade up, a doubling of typical first-time buyer deposits, and a “huge gap” between London and the rest of Britain, according to a new report. ...
'You feel ripped off': homeowners' frustration over ground rent trap image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:04:57 PM
....“There’s a sense of annoyance at Taylor Wimpey weren’t open and honest,” he says, sifting through his correspondence with the company. “I think it’s exposed the gaps and the weaknesses in the current housing market, on leaseholds and separately on the quality of newbuilds. ...
Second home owners are destroying rural economies | Letters image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:05:00 PM
....The difficulties communities in rural England face in preserving their integrity will strike a chord west of Offa’s Dyke (“Why rural Britain needs a new deal”, Special Report). The problems described in your report are exacerbated in large parts of rural Wales, where the language and culture are under enormous pressure from a seemingly endless tide of second homers and elderly English retirees, whose main impact is to price local youngsters out of the housing market. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
....What happened next shows what can result from a shotgun marriage between old and new, public and private: on one side, there is what the great architect of social housing Kate Macintosh once described as the “ostentatious parsimony” of council housing – the sense that whatever is provided socially should be stripped back to an absolute minimum. On the other side is a developer culture that has evolved through the financialisation of the housing market, with units sold as money lockers to investors who never intend to live in them. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
.... Pwllheli in Gwynedd, Weybridge in Surrey, Southwell in Nottinghamshire, Ellesmere Port in Cheshire, Burnley and Pontefract in West Yorkshire have also seen prices fall since January, by more than 4%. Doug Crawford, chief executive of conveyancing website My Home Move, said that despite the slight slowdown, “the housing market is still simmering away nicely. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
.... House price inflation in the capital in the first four months of 2017 was about 4% compared with about 13% in the same period last year. PwC said the city’s housing market would continue to slow, with house prices likely to rise on average by 2. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....The census data shows us that one of the consequences of the RBA cutting rates since 2011 to encourage economic growth has been to reduce the level of home ownership. That doesn’t mean raising rates is the answer, but it does add to the difficulty for the RBA in dealing with the housing market, especially if our dollar keeps rising. ...
What Brexit slowdown? UK housing market shrugs off concerns as property prices creep up image
....It should be noted, however, that the first six months of last year saw boosted numbers as buyers rushed to beat the April 2016 stamp duty deadline. Miles Shipside, Rightmove director and housing market analyst, said: “A year on from the shock referendum result and subsequent dent in activity levels, the fundamentals remain strong. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
. The UK housing market is shrugging off concerns in the wider economy following the Brexit vote, compounding problems for many first-time buyers still wrestling with the strongest year-on-year price rises in the market. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....The FHFA penalty relates to the way that $32bn of mortgages were packaged up and sold as residential mortgage-backed securities (RMBS) between 2005 and 2007, when RBS was the largest non-US bank engaged in this practice. The bonds were sold to US housing agencies Fannie Mae and Freddie Mac – the linchpin of the housing market as they buy mortgages from lenders to allow them to grant more home loans – before the market collapsed during the financial crisis, leaving the buyers nursing heavy losses. ...
Spending falls at fastest rate for four years as consumers tighten belts image
.... New car sales in the UK fell for a third month in June, according to the Society of Motor Manufacturers and Traders, ending five years of solid growth. There are also signs that housing market demand is cooling, with Halifax reporting a 1% drop in average prices in June, to £218,390. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
....”. He said the housing market slowed in the run-up to the election on June 8, as often happens, and there are now signs that pent-up demand is returning to market, boosting transaction levels: “Activity is rising as those who decided to ‘wait and see’ jump off the fence and take action. ...
The UK economy must take a long, hard look at itself | Larry Elliott image
....Things didn’t work out as planned and the reason they didn’t was that Cameron and Osborne failed to understand just how structurally weak the economy was. They assumed that it wouldn’t really matter if consumer spending was flat and the housing market a bit depressed because growth would pick up elsewhere – in manufacturing, exports and investment – to compensate. ...
UK house price fall takes annual growth rate to slowest in four years image
....1%, but it reported a sharp slowdown in London. Economists believe that a combination of low mortgage rates and a shortage of properties coming on to the market will prop up the housing market in the coming months, preventing a drop in prices in 2017 overall. ...
UK in credit splurge despite pay squeeze, Bank figures show image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:37:19 AM
.... Buyers never actually purchase the car, but make payments to cover the depreciation on a vehicle between driving it out of the showroom and handing it back, usually three years later. Data released by the Bank provided evidence of a slowdown in the housing market, with lending secured against a home rising by 2. ...
London house price growth slows as rest of UK bounces back image
Source : Guardian [Read Article] Wednesday 28th of June 2017 09:37:05 AM
....Gardner said it was unclear whether the rebound in UK house price growth in June was the result of healthy demand driven by rising employment, or because buyers had limited choice with too few properties coming on to the market. “Given the ongoing uncertainties around the UK’s future trading arrangements, the economic outlook remains unusually uncertain, and housing market trends will depend crucially on developments in the wider economy,” Gardner said. ...
The Observer view on the housing crisis | Observer editorial image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:05:13 PM
.... The victims of this failure of policy are those least able to afford it. This is one manifestation of a housing market which, as a government white paper said earlier this year, is “broken”. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
....The Council of Mortgage Lenders said buy to let had had a weak start to 2017, with lending falling faster than expected as landlords withdrew from the market in response to major tax changes and tighter lending rules. The data follows a series of recent surveys and indices suggesting the housing market is running out of steam. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....To gauge the impact of the Brexit vote on a monthly basis, the Guardian has been tracking eight economic indicators, along with the value of the pound and the performance of the stock market. The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....“The collective sigh of relief will be audible. The benefit to our economy will be huge, in established sectors like manufacturing, the car industry, financial services, and pharmaceuticals; in emerging areas like biotech, and fintech; in the housing market; in the services sector; in the travel industry; in companies, large and small, right up and down our country, employing, between them, millions of people. ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
.... But a year on from the referendum and as exit talks with other EU governments begin, the effects of a weak pound and uncertainty over future trading agreements are being felt. Inflation has risen to its highest rate in four years, retail sales have slowed, businesses have reported that consumers are cutting back and the housing market appears to have lost momentum. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
....On Wednesday we get the latest instalment of the Bank of England’s agents’ summary of business conditions – effectively a report from Threadneedle Street’s eyes and ears on the ground around the country. The field agents talk to hundreds of businesses and report back with scores and comments on the health of consumer spending, manufacturing, the housing market, pay awards and costs faced by business and consumers. ...
Bank of England doves right to thwart hawks seeking interest rate rise image
Source : Guardian [Read Article] Thursday 15th of June 2017 01:18:37 PM
....The third is that the state of the economy favours the five MPC doves. Households are spending less, the housing market is weak, new car registrations have plunged and wage growth has fallen back, even though more people are in jobs. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
.... The railway arches will be refurbished as commercial space. Craig McWilliam, chief executive of Grosvenor Britain & Ireland, said the homes were aimed at people on “low and middle incomes who are locked out of London’s housing market”. ...
House price inflation in April at six-month high, official figures show image
....2% in May. Meanwhile, many economists have said they expect the housing market to weaken this year, as the impact of the Brexit vote weighs on the economy. ...
Theresa May's election victory will prove pyrrhic indeed image
Source : Guardian [Read Article] Sunday 11th of June 2017 01:25:35 PM
.... The European Central Bank has belatedly discovered the joys of full-blown quantitative easing and growth has subsequently picked up. In Britain, the stimulus was provided much earlier and the effects have gradually worn off, exposing the long-standing problems of weak productivity and an over-dependence on a booming housing market to support consumer spending. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....Weaker sterling could also drive up inflation, by increasing the price of imported goods. The housing market has slowed in recent months and north London estate agent Jeremy Leaf says electoral uncertainty will pile on further pressure. ...
Election 2017: Hung parliament and coalition means more house prices turmoil, warn experts image
....Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: "A hung parliament will result in an extended period of uncertainty with decision-making kicked into the long grass. "Theresa May is correct - we need a period of stability as that will quash uncertainty which is bad for the housing market - but it is not clear at the moment whether she can deliver it. ...
Markets edge down as fears surface on size of Tory majority image
Source : Guardian [Read Article] Thursday 8th of June 2017 04:46:15 PM
....Marc Ostwald of ADM Investor Services said even if May ends up back in No 10, she has a tough job ahead of her: “Even if a substantially larger majority is achieved, there is little doubt that it will make not an iota of difference to the EU’s stance on Brexit negotiations, though it will heighten the risk that both sides continue to talk at, rather than to each other, and end in a complete breakdown. “There is also little doubt that the UK economy is now facing some significant headwinds, above all consumers that are facing higher inflation, weak wage growth and the pressures associated with a far too rapid pace of credit growth, the more so given an increasingly soggy housing market, above all in the populous south-east. ...
Election exacerbating UK property slowdown, say surveyors image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:19:01 PM
. Uncertainty over Thursday's general election result has contributed to the recent slowdown in the housing market, according to property surveyors. ...
Jeremy Corbyn's Land Value Tax: Labour's garden tax will see house prices CRASH image
....The LLC wrote: "The big losers would be the banks. 85 per cent of bank lending activity is in the residential housing market. ...

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