Posts Tagged ‘housing market’
House prices up in July
According to the Nationwide house prices rose on a month on month basis by 0.4% in July, that was in line with with forecasts and followed a fall of 0.2% the previous month of June. Annual growth was also up from 3.3% in June to 3.5% in July. Nationwide economist Robert Gardner reportedly said “After…
Read MoreCountrywide half yearly results
Countrywide PLC interim results posted today: Group income grew to £338.6 million, however, a difficult UK housing market led to £41.0 million of EBITDA versus £45.0 million in the same period last year. Grenville Turner, Chairman at Countrywide plc, commented: “While we remain cautious, we are also optimistic as our broad-based business with diversified revenue…
Read MoreTaylor Wimpey pre-tax profits up 33%
Along with Rightmove who we had as a “Breaking News” item yesterday another major property industry company posted their half yearly results on wednesday, showing a strong 2015 first half performance with pre-tax profits up 33%. Chief Executive Pete Redfern, commented,”We have used the opportunity of a stable and positive housing market to make significant…
Read MoreTrading update from Barratt Developments
SHARES in housebuilders and estate agents dropped yesterday as the Chancellor announced plans to curb the booming buy-to-let sector by cutting tax relief. George Osborne announced in his summer budget that the amount landlords can claim on mortgage interest payments will now be set at the basic rate of income tax, currently at 20 per…
Read MoreHMRC property sales data
Property sales data from HM Revenue and Customs (HMRC) has provided more evidence that the UK housing market is moving slower than a year ago, 98,540 homes were sold in May, down 3% on a year earlier. Other data has predicted a modest pick-up in the housing market during the latter half of this year.…
Read MoreHouse price growth slows
There appears to a slowing down in the pace of house price growth in London and UK, except for Northern Ireland and the south west. The new data released by the Office of National Statistics showed that the annual rate of house price growth in London dropped from 11.2pc in the 12 months to March…
Read MoreRightmove asking prices up
The average UK asking price rose 4.7 per cent year-on-year in April according to Rightmove in a recent report. The annual rate of inflation fell from 5.4 per cent in March but April’s average asking price is the highest on record. Just under one month until the election and there is a record demand for…
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