Tag: prices

Hometrack: housing market holds steady

Hometrack: housing market holds steady

The housing market in England and Wales is “in broad equilibrium” despite prices continuing to edge lower, according to Hometrack, which recorded a 0.1% fall in the value of the typical dwelling in July, compared with June. However, there are wide regional variations: prices moved higher across 8% of postcodes (primarily in London) and were [...]

July 25, 2011 | 0 Comments More
Rics: Spring selling hit by lack of mortgage availability

Rics: Spring selling hit by lack of mortgage availability

The Royal Institution of Chartered Surveyors (Rics) has today reported that the traditional spring selling season has been hit by a lack of mortgage finance and economic uncertainty. This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers. Furthermore, the [...]

June 14, 2011 | 0 Comments More
South Korean inflation surges to 29-month high

South Korean inflation surges to 29-month high

Statistics Korea has today announced the inflation rate has jumped to a 29-month high – driven by higher food and fuel costs. According to Statistics Korea, the consumer price index rose by 4.7% in March on an annual basis. The rate is now at the higher end of the central bank’s 2%-4% target. On a [...]

April 1, 2011 | 0 Comments More
BBA: Mortgage approvals continue to fall

BBA: Mortgage approvals continue to fall

The British Bankers’ Association (BBA) has today revealed a further fall in the number of new mortgages approved by the major banks in November. According to the BBA, the number of new mortgages approved in the month fell to 29,991, down from 30,689 in October - representing a 20-month low. Net mortgage lending fell to [...]

December 23, 2010 | 0 Comments More
First time buyers encouraged by house price falls

First time buyers encouraged by house price falls

Property website Rightmove has suggested that first-time buyers (FTBs) are returning to the housing market. According to a report by the property website, which questioned 25,584 potential buyers last month, FTBs are encouraged by house price falls. It found that around 33% of FTBs expect the cost of property to be lower this time next [...]

November 8, 2010 | 1 Comment More
UK producer prices rise higher than forecast

UK producer prices rise higher than forecast

The Office for National Statistics (ONS) today revealed producer input prices increased 0.7% in September compared with August, pushing the annual rate to 9.5%, from 8.7% the previous month. The figure was much higher than forecasts of a 0.4% monthly rise and an annual rate of 8.6%. Meanwhile, annual output price inflation slowed less than [...]

October 8, 2010 | 0 Comments More
Japan continues its battle with deflation

Japan continues its battle with deflation

Official figures today revealed Japanese core consumer prices fell 1.2% in May from a year earlier – representing the 15th consecutive monthly decline that the world’s no.2 economy has been in deflation. A short period of deflation (where prices fall rather than increase) could be a serious threat to the economy because it deters consumers [...]

June 25, 2010 | 0 Comments More
House prices hold their own as new instructions rally

House prices hold their own as new instructions rally

The Royal Institution of Chartered Surveyors (RICS) has reported a rise in stock levels on estate agents’ books, following last month’s abolition of Home Information Packs. In May 21% more RICS members reported a rise, rather than a fall, in new instructions, up from 11% in April. In addition, 22% more chartered surveyors reported a [...]

June 15, 2010 | 0 Comments More
Housing market “delicately poised”

Housing market “delicately poised”

Both the number of homes sold in England and Wales and the prices achieved fell during May, according to Acadametrics. The number of properties changing hands declined by an estimated 18% from April, while the value of the average home dipped by 0.2%. On an annual basis, prices in England and Wales were 9.7% higher [...]

June 12, 2010 | 0 Comments More
House sellers liberated by demise of HIPs

House sellers liberated by demise of HIPs

The Government’s decision to scrap Home Information Packs (HIPs) has resulted in a surge of new instructions. The UK’s biggest estate agency has reported that the number of homes being put up for sale has risen by a third since 20th May, when ministers called time on the packs. According to Countrywide, new instructions are [...]

May 31, 2010 | 0 Comments More
Troubled UK Coal reports full-year loss

Troubled UK Coal reports full-year loss

The UK’s biggest coal producer, UK Coal, has today reported increased losses for the 2009 year due to a fall in production and lower coal prices. The company said pre-tax losses grew to £129.1 million for the full year, against a loss of £15.6 million the previous year. Meanwhile, revenues plunged by 20% to £316 [...]

April 26, 2010 | 0 Comments More
Persimmon upbeat on sales and prices

Persimmon upbeat on sales and prices

Housebuilder Persimmon has reported that weekly sales volumes have remained consistent since the end of 2009, despite uncertainty regarding the wider economic outlook and the forthcoming General Election. In a trading update covering the period 1st January to 22nd April, the group revealed that the total value of sales (including legal completions) forged ahead by [...]

April 25, 2010 | 0 Comments More
Japan continues to battle with deflation

Japan continues to battle with deflation

Official figures today revealed Japanese core consumer prices fell 1.2% in February from a year earlier - representing the 12th consecutive monthly decline that the world’s no.2 economy has been in deflation. The latest figures suggest that ongoing deflationary pressure could ultimately threaten Japan’s fragile economic recovery. The economy was one of the first to [...]

March 26, 2010 | 0 Comments More
Oil moves above $80 a barrel

Oil moves above $80 a barrel

The price of US crude oil has moved back above the $80 a barrel mark, while London Brent climbed 58 cents to $78.64, extending last week’s gains. The rise, which is a six-week high, resulted in the FTSE 100 opening higher today and lifted the euro 0.2% after reports of a rescue for debt-stricken Greece. [...]

February 22, 2010 | 0 Comments More
Factory prices exceed expectations in December

Factory prices exceed expectations in December

The Office for National Statistics (ONS) has today revealed a rise in factory prices for the month of December. According to the ONS, the prices of goods leaving UK factories grew at a faster pace than expected at 0.5%. The monthly rise takes the annual rate of output price inflation to 3.5% - exceeding forecasts [...]

January 8, 2010 | 0 Comments More
Rising unemployment to scupper house price growth

Rising unemployment to scupper house price growth

Hometack expects the housing market in England and Wales to feel the effects of rising unemployment in the months ahead. The housing intelligence firm is predicting a 1% fall in the average cost of a home in 2010, despite a rise of 0.1% in December, which followed on from a 0.2% increase in November. However, [...]

December 28, 2009 | 0 Comments More
Bovis reservations 83% up on the year

Bovis reservations 83% up on the year

Bovis Homes achieved 1,488 private reservations in the year to 13th November 2009, an 83% rise on the comparative figure for the same period in 2008. The group also says it anticipates legally completing around 1,800 sales in 2009, of which 1,500 are expected to be private homes (compared with 1,223 a year earlier) and [...]

November 19, 2009 | 0 Comments More
Vendors continue to sit out housing market downturn

Vendors continue to sit out housing market downturn

In its September survey of the UK housing market, the Royal Institution of Chartered Surveyors (RICS) describes previous optimism that vendors were starting to return to the market as “a little premature”. A net balance of only 4% of surveyors reported a rise in new instructions, compared to 12% in August, and the average number [...]

October 16, 2009 | 0 Comments More
Factory gate prices in surprise September rise

Factory gate prices in surprise September rise

The Office for National Statistics (ONS) has today revealed a surprise rise in factory gate prices for the month of September - the first rise since April. According to the ONS, the prices of goods leaving UK factories grew 0.5% on year and rose 0.4% on the month. The news surprised analysts who had expected [...]

October 9, 2009 | 0 Comments More
Euro zone consumer prices fall in September

Euro zone consumer prices fall in September

Eurostat today announced that consumer prices fell in the euro zone in September by a faster rate than they had in the previous month. Furthermore, prices fell further than had been expected by economists after Eurostat said the inflation rate fell to -0.3% in the 12 months to September, from -0.2% in the year to [...]

September 30, 2009 | 0 Comments More