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London drives house price increase, says ONS

August 19, 2014


London drives house price increase,...

Annual house price inflation was 10.2% in June, compared with 10.4% in May, according to the Office for National Statistics (ONS).

The rise was again driven mainly by London, where house prices increased by 19.3% over the year, a slight drop from the previous month's figure.

Excluding London and the South East, prices rose by 6.3% across the UK.

Prices were up in every region, including Northern Ireland, where they rose by 4.9%.

"House prices are increasing strongly across most parts of the UK, with prices in London again showing the highest growth," said the ONS.





Investors urged to take interest rate rise in their stride

August 15, 2014


Investors urged to take interest rate...

A leading investment analyst has urged investors to ‘Keep Calm and Carry On’ as the day for UK and U.S interest rates being raised draws nearer.
 
This message comes from Tom Elliot, International Investment Strategist at deVere Group, in reply to the Bank of England Governor's comment last week that “the economy has edged closer to the point at which the Bank Rate will gradually need to rise”; and as Janet Yellen, Chair of the Federal Reserve, faces considerable pressure to hike up U.S interest rates.

 





New housing minister pledges 165,000 home

July 23, 2014


New housing minister pledges 165,000 home

In his first major act as housing and planning minister, Brandon Lewis has promised 165,000 new houses and apartments will be constructed in the three years from 2015 in a programme which will “change the way homes are built in Britain.”A fifth of the homes will be built with what Lewis calls “advanced housing manufacture” - pre-fabricated elements made in factories before being assembled on site. This technique is widely used elsewhere in Europe but only rarely in Britain, says Lewis.





More signs of first-time buyer activity

July 21, 2014


More signs of first-time buyer activity

The market may be slowing now but the number of first-time buyers in the first six months of the year reached their highest level since 2007. 

There were an estimated 144,500 first-time buyers in the first six months of 2014, an increase of 25 per cent on the same period last year. For the third successive year the number of first-time buyers, in the first half of the year, has been over 100,000, representing the strongest performance, for this period, since the start of the downturn.

 





scottfraser Compete in the High Sheriff's Olympic Challenge!

July 18, 2014


scottfraser Compete in the High...

World Cup-winning England rugby player Matt Dawson and British Olympic gold medal rower Greg Searle joined staff from 22 businesses for a sporting challenge yesterday.

Staff from firms including Blackwell’s, Bicester Village and Sainsbury’s took part in a series of activities at Iffley Road running track, including archery, shot-put and the 1,500 metres, to raise money for charities.

High Sheriff of Oxfordshire Tony Stratton organised the event to raise around £120,000 for Music for Autism, Access Sport and the Oxfordshire Community Foundation.

More than 100 staff took part in the challenge and Mr Dawson said: “This all stems from Tony’s passion for sport.

Source: The Oxford Mail

 





Figures suggest market really is on the turn

June 26, 2014


Figures suggest market really is on...

Two sets of figures show how strong the housing market has become but - almost certainly - how it has come off the boil in recent weeks. 

Data from HM Revenue & Customs shows that 100,360 homes were sold in the UK during May, a roughly 5.5 per cent rise on the April figure of 95,600.

HMRC figures are sometimes revised some months afterwards, but suggest that until recently the market was growing.

Two sets of figures show how strong the housing market has become but - almost certainly - how it has come off the boil in recent weeks. 

 





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