News Tag: research
June 22, 2011
According to research from property website Zoopla, around 80% of properties acquired since 2006 are now worth less than their purchase price.
However, 89% of homes bought since the housing market peaked in 2007 are also worth less than homeowners paid for them with the problem particularly bad in the North East.
In the North East, the average property was ...
Research shows losses made on property since 2006
by Kay Mitchell
February 16, 2011
A new report has revealed the British High Street is suffering after shop vacancies rose to a record high in 2010.
According to the Local Data Company, the number of vacant shops in Britain increased to 14.5% at the end of last year, up from 12% at the end of 2009 and compares with 5% at the end of 2008.
However, the ...
National shop vacancies rise to record high
by Kay Mitchell
January 21, 2011
The severe wintry weather that gripped most parts of the country last month meant a surge in internet sales.
While the High Street suffered as consumers opted to stay at home, internet sales surged 25% in December (compared with December 2009) to £6.8 billion, with the sale of clothing, footwear and alcohol particularly strong.
The research, from IMRG Capgemini e-Retail ...
Online retail sales surge to monthly record in December
by Kay Mitchell
December 29, 2010
Research from the Halifax has revealed first-time buyers are still struggling to get onto the property ladder unless they have a hefty deposit.
The mortgage lender said a first-time buyer has to find at least £29,000 in order to secure a mortgage, while those in London require almost double that (£50,000).
Since the credit crunch more than three years ago, banks and ...
First-time buyers still require hefty deposit
by Kay Mitchell
December 10, 2010
Over four million working Britons are living in fear of being made redundant, according to the latest personal debt tracker survey by R3, the trade body for insolvency and turnaround professionals.
The figure has risen 50% over the last three months, with those aged between 25 and 34 the most worried about their employment prospects.
R3 president, Steven Law, says the ...
Four million Britons living in fear of redundancy
by Gill Montia
November 1, 2010
Research has revealed that the average FTSE 100 executive is earning 88 times that of the average full-time UK worker.
The revelation comes despite the recession where companies have been forced to make major cutbacks.
According to Incomes Data Services (IDS), in the year to June 2010, executives in FTSE 100 companies took home an average of £4.9 million in total earnings ...
FTSE 100 bosses award themselves big bonuses
by Kay Mitchell
October 3, 2010
Ilford in Essex is the leading property sales hotspot in England and Wales, with an 85% rise in the number of homes sold in the first half of 2010, compared with the same period of 2009.
Research from Halifax has identified Croydon and Maidenhead as the runners up, with sales rising 73% and 71% respectively.
While the lender's study found "considerable variations" across the country, ...
Halifax names property hotspots
by Gill Montia
August 31, 2010
Tens of thousands of homeowners who bought during the housing boom face another four years of being trapped in negative equity.
According to a new forecast from the National Housing Federation (NHF), those who purchased a property in England at the peak of the market in 2007 paid an average price of £216,800.
They may therefore have to wait ...
Tens of thousands trapped in negative equity until 2014
by Gill Montia
August 18, 2010
Research by estate agent Knight Frank has found the number of second homeowners in England has soared to a record level of almost a quarter of a million.
According to the estate agent, a change in holiday plans mean an increasing amount of buyers believe that a second home is “an investment, rather than a luxury”.
These second homeowners are said ...
Number of second homeowners soar to record levels
by Kay Mitchell
August 15, 2010
According to research by watchdog Consumer Focus, the number of people taking out a payday loan has quadrupled in the last 4 years.
The consumer group said 1.2 million people are now taking out a payday loan every year - borrowing more than £1 billion.
Payday loans are becoming more popular and are seen as attractive - particularly to ...
Research shows 1.2m taking out payday loan each year
by Kay Mitchell
August 8, 2010
The total value of privately-owned homes in the UK has more than doubled over the past decade, new research from Halifax shows.
The country saw a 118% surge, from £1,719 billion in 1999 to an estimated £3,755 billion in 2009, although the Retail Prices Index measure of inflation rose by only 29% during the same period.
The decade also saw ...
UK housing assets double in value to £3,755bn
by Gill Montia
August 3, 2010
Despite a rise in the number of mortgage deals on offer, a large deposit remains essential in securing a competitive loan, both for house purchasers and remortgagers.
According to research by Moneyfacts Group for the BBC, the number of mortgage products available has risen 66% so far this year, to 2,351.
However, the financial researcher found that 58% of deals demand ...
Mortgage lenders hold out on large deposits
by Gill Montia
July 29, 2010
Banks are keeping their customers in the dark about interest rate changes on their accounts, new research has found.
The study by Which? Money found most banks rely on newspaper adverts or customers popping into their local branch to keep savers informed of rate cuts
Only four of the twelve banks investigated guaranteed to keep customers informed of all changes to interest rates ...
Banks hide rate cuts from savers
by David Masters
July 28, 2010
Some neighbourhoods close to the Olympic Park development have seen sharp rises in house prices since 2005, when the Capital was awarded the Games.
According to research from Lloyds TSB, Homerton and Shoreditch have recorded average property price rises of 69% and 53% respectively, well above the Greater London average of 36%.
However, only four of the 14 nearby postal districts have put ...
Olympic Park development boosts house prices
by Gill Montia
July 27, 2010
New research from Hometrack shows house prices in England and Wales slipping in July, for the first time in 15 months.
The housing intelligence firm has recorded a 0.1% decline as the market continues to take up the impact of a surge in new instructions, alongside a 1.3% drop in new buyer enquiries.
Hometrack director, Richard Donnell, expects further modest ...
House prices slip as new buyer enquiries decline
by Gill Montia
July 22, 2010
Over 90% of institutional investors want green investments in their portfolio, according to a new study.
Research commissioned by the New Energy World Network (NEWN) found more than nine in ten private equity, pension, insurance and venture capital funds would like to have some exposure to renewable energy, clean technology, and sustainability-related investments.
Two thirds (69%) said they have already made green ...
Big money investors want to go green
by David Masters
July 20, 2010
London homebuyers are prepared to pay a considerable premium to be close to a Tube or train station, according to research from Nationwide.
A property 500m from the nearest station is likely to cost 7% (typically £20,300) more than a similar home 1,500m distant.
Premiums increase as you move closer towards a station: for example, an identical property located 1,000m ...
London homebuyers pays £20k premium to live near station
by Gill Montia
July 19, 2010
Britain's over-50s have reduced their retirement savings by nearly £18 billion over the last year, according to new research by LV=.
The pensions, investments and insurance group found 21% of those approaching retirement have reduced their retirement savings by an average of more than £300 per month in the past 12 months.
In the same period, just one in 12 of the UK's non-retired over-50s ...
Over-50s slash retirement savings
by David Masters
July 18, 2010
Every year British consumers waste £150 million on late payment credit card charges, Confused.com has revealed.
Research by the price comparison site found one in four (26%) credit card holders have been charged at least once in the last 12 months for missing a late payment.
Nearly one in 11 (8.5%) have been charged three or more times in the same period.
At ...
Brits waste £150m on credit card fees
by David Masters
One in three chance of double-dip recession
by David Masters
Next Page »
Economy News
