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Halifax: Consumers less confident about housing market


Consumers’ confidence in the housing market has dipped slightly despite the record-low interest rate environment and average house prices continuing to climb.

According to Halifax’s housing market confidence tracker, which polled 1,025 British adults, a net balance of 58 believe house prices are set to rise. The net balance is determined by subtracting those who think average property prices will not rise from those who think they will.

However, an increasing number of people think the next 12 months will be a good time to sell, at a net balance of 26, compared with 21 in March.

Conversely, the net proportion of those who think the next year will be a good time to sell has fallen from 33 in March to 30 in April.

Halifax believes consumers’ outlook will improve in the coming months due to short-term factors like low mortgage rates, falling swaps, deflation and record-low base rate as well as rising employment.

Halifax mortgages director Craig McKinlay says: “With inflation now at its lowest level since records began, unemployment falling, and the economy still growing, the fundamentals for the housing market remain positive.

“Going forward the key factor in how consumers adjust to any changes in rates will be the way in which they manage their disposable income.”


Political plaything: Will the Tories continue to meddle with pensions?

It is three weeks since the Conservative Party won a majority and the pensions industry appears relieved. The outright victory should offer a level of certainty and continuity as opposed to a Labour government or a coalition built on fragile compromises. There is no doubt a period of stability is what the industry craves after […]


Simon Collins: Are structured products just too risky?

I tend to cover holistic matters in my articles but this month I have focused on the topic of structured deposits, given the attention these products have had in the past and are likely to continue to garner going forward. The FSA first published guidance in respect of structured deposits in March 2012 and the […]


Labour rails against Tory tax lock

Interim Labour leader Harriet Harman has hit out at Conservative plans to block rises in income tax, VAT and national insurance contributions over the course of the next parliament. The pledge to avoid hikes over the next parliament was laid out yesterday as part of the Queen’s Speech. Responding in the House of Commons yesterday, […]


BlackRock hits out over regulatory clampdown

Asset managers are not a source of systemic risk and should not be regulated as such, says fund giant BlackRock in response to the FSB’s consultation on new regulations. BlackRock says asset managers “are fundamentally different from banks and other financial institutions” and therefore should not be subject to the same measures to control systemic risk. […]

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here


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