housing market
July 6th, 2011
The average price of new housing fell 4.7% in the first half of the year compared to the previous year and was 2.3% down on December 2010, according to a report released on Friday. Cinco Dias stated that the average price of new housing in provincial capitals in June stood at ...
Continue reading Property Prices Fall 4.7% in 6 Months
April 21st, 2005
Despite a decade of strong performance and rising living standards, further economic reform is needed and a housing boom poses risks, an OECD report warned.The Organisation for Economic Cooperation and Development said the Spanish economy is heading for growth of 2.7 percent this year and 3.0 percent in 2006, the ...
Continue reading Housing boom threatens to cool Spanish economy
January 6th, 2006
New figures reveal that mortgage lending in the UK increased by 1 billion GBP in November reflecting the injection of confidence that the UK property market has received in the last few months.The report from the Bank of England indicates that after repayments, individuals borrowed a total of 9.6 billion ...
Continue reading UK Mortgage Lending Soars
January 11th, 2006
There appears to be irrefutable evidence that the UK property market is regaining momentum with news that house prices have now increased in six of the last seven months.HBOS, the world’s biggest mortgage lender, has released figures showing that house prices rose by one per cent to an average of ...
Continue reading House Prices Climbing Again
January 16th, 2006
Housing markets across Europe are now expected to avoid the dramatic crashes predicted just a year ago, with most markets ending the year on a surprisingly positive note and looking forward to at least modest price growth during 2006. Many experts had expected that Britain, where the housing market was ...
Continue reading European Housing Ends Year On Surprisingly Upbeat Note
July 27th, 2005
Estimates from the Bank of Spain state that house prices in Spain were overvalued by as much as 35 per cent last year, issuing warnings that the property market could fall victim to rising levels of household debt, and stressing that Spanish households are vulnerable to ‘certain macroeconomic or idiosyncratic ...
Continue reading Spanish Properties Overvalued?
July 14th, 2005
In the UK, different marketing groups often come to different conclusions about housing market trends there.The basic problems are those of monitoring advertised prices versus agreed prices and the time lag between agreeing a sale and closing the deal. The situation in Spain is very similar except that almost ...
Continue reading Why pricing reports tell different stories
February 10th, 2006
As has been widely anticipated in the last few days, the Bank of England has decided to keep interest rates at 4.5 per cent, with the strength of the property market a key reason behind the decision.After the interest rate cut in August 2005, the property market almost immediately showed ...
Continue reading Strong Property Market Freezes Interest Rates
January 23rd, 2006
EVIDENCE the housing market is picking up has been reinforced by the strongest December mortgage lending on record. Conviction that interest rates have peaked and faith in steady house price growth for the year ahead supported the healthy homeloans market in a traditionally quiet month. Figures released today by ...
Continue reading December Mortgages 'Best Ever'
March 10th, 2006
The cost of owning a home rose by more than three times the rate of inflation in the 2004/05 financial year, according to research published today by mortgage lender the Halifax.The combined cost of mortgage payments, council tax and fuel bills was 7% higher than in the previous year, increasing ...
Continue reading Household Costs 'Outstrip Inflation'
