Tag Archives: house prices

The US Dollar holds firm against its major rivals early Tuesday. The US Dollar Index clings to modest daily gains near 101.50. US data highlighted a further improvement in consumer sentiment in July.The US Dollar gains traction on Tuesday, with the USD index touching its highest level since July 12 …

The Office for National Statistics (ONS) said on Wednesday that home prices in the United Kingdom climbed by 4.1% in the year to March, easing from an upwardly revised 5.8% increase in February. According to the ONS, London saw the weakest yearly rise, with prices rising 1.5%. Recent home market …

The UK will avoid a recession this year, according to the IMF, which added that the country’s economy has been “buoyed by resilient demand in the context of declining energy prices.” The Washington-based think tank now predicts UK GDP to expand 0.4% in 2023, owing to higher wage growth, more …

UK house prices hit a new record high in May as the housing market continued to defy pessimistic forecasts at the start of the year, figures showed. Rightmove’s house price index showed the average price of property coming to market jumped by 1.8%, £6,647, to set a new peak of …

An higher quarterly sales rate helped ease concerns that a sector slowdown could extend into the following year, according to British homebuilder Persimmon Plc, which stated on Wednesday that it intends to build homes at the top end of its annual guidance range. The British housing industry has shown indications …

British house prices rose by 6.3% in January from the same month in 2022, the Office for National Statistics (ONS) said on Wednesday. The rise was smaller than December’s downwardly revised 9.3% increase. London saw the weakest annual price rise of all English regions, with prices in the capital up …

British finance minister Jeremy Hunt is set to extend subsidies for household energy bills for three months after April, the Times reported on Friday, in a move that should ease cost-of-living pressures in the country. It is scheduled to cut government support starting next month, which means that average annual …

British house prices last month dropped by the most in more than 10 years, mortgage lender Nationwide said on Wednesday, adding to signs of a slowdown in the housing market in the face of high inflation and rising borrowing costs. The 1.1% fall was the biggest year-on-year drop since November …

Data published by the British Office for National Statistics today, Friday, showed that the country’s gross domestic product did not witness any change in the last three months of 2022. Economists polled by Reuters had expected zero growth in the fourth quarter of the year. Last week, the Bank of …

Halifax reports that after falling for the previous four months, UK home prices were roughly level in January. According to the lender, after significant drops of 1.3% in December and 2.4% in November, average prices were unchanged at £281,684 last month. The rate of annual growth in home prices, however, …