Archive for the ‘news’ Category

Halifax HPI for July show various increases

The Monthly increase was 0.3%, taking the average UK House Price to £163,981. Over the three months to July, often seen as a more realistic figure, the increase was slightly higher at 0.5%.

What next for property owners following closure of HS2 consultation? Knight Frank offers its view

The government’s public consultation on the proposed high-speed rail link (HS2) between London and Birmingham closed on 29 July.

Two question will now be on the minds of many of the property owners who are likely to be affected by the scheme, which is officially estimated to cost £17bn. First: is it going to go ahead? Second: what should I do while waiting for that decision to be made?

In answer to the first query, cynics will claim that Transport secretary Philip Hammond, who is due to announce his decision by the end of the year, has already made up …

Bank keep UK Interest rates at all time low of 0.5%

The Bank of England (BoE) again today decided to keep UK interest rates at their record low of 0.5%.

The Monetary Policy Committe has kept rates at this low level continuously since March 2009, and it was widely expected that it would do so again this month.

Average House Prices edge up in July

The Nationwide HPI for July reports house prices ‘edging up’, although in reality this is a miniscule change of 0.2%. This is however an improvement on last month’s completely static figures.