Irish house prices up 5.4pc |
Irish house price growth has risen at more than twice the rate in the five months to November at 5.4pc.
The latest permanent tsb/ESRI House price index reports that the price increase is up compared to the first half of 2005, when price growth was at 2.6pc.
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Mortgage lending second highest |
Gross mortgage lending rose by 5pc to an estimated £28.5 billion in November according to the Council of Mortgage Lenders.
This was the second highest monthly lending figure on record, 1pc lower than the £28.9 billion of lending in July 2004, and 30pc more than the £21.7 billion of lending last November.
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House prices set to grow |
House prices have risen for the first time in over a year during the three months to November reports the Royal Institution of Chartered Surveyors.
RICS said that the three months to November saw 4pc more chartered surveyors reporting rises in prices rather than falls. This is a marked improvement when compared to October?s figures, when a further 8pc of surveyors reported a fall.
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Ulster Bank predicts one more rate cutUlster Bank has reported in it’s “2006 Focus Report”, of a 0.25pc cut in UK interest rates.
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Has time run out for the humble chimney? |
Times are looking tough for Santa Claus, RICS – The Royal Insitute of Chartered Surveyors has called time on chimneys.
According to RICS, chimneys are an endangered species, with new homes not featuring one and many older homes not maintaining or restoring their existing ones.
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4pc growth expected for 2006 |
The Royal Institution of Chartered Surveyors has said that it expects a rise in UK house prices of 4pc in 2006 and a further 4pc in 2007.
The predictions should be considered as RICS had accurately predicted an expected upturn of 3pc for 2005.
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energywatch fears more price pain for consumers |
energywatch has repeated its call for action from the energy industry, Government and consumers to take the sting out of the pain of energy price rises. The call comes as Centrica warns of further price increases in 2006.
Consumers already face a double whammy in January when Npower and Scottish and Southern Energy price increases take effect. energywatch believes that warnings from British Gas’ owners Centrica indicates that even more pain awaits Britain’s energy consumers.
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House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Design based upon Grid Focus by Derek Punsalan 5thirtyone.com.
