View more on these topics

Optimism despite global gloom

The UK housing market looks set to remain buoyant in 2002 despite concerns over a global econ- omic slowdown, according to Yorkshire Bank.

Its quarterly survey of attitudes towards the UK property market found nine out of 10 people say the economic climate has no effect on their intention to buy a house this year.

The number of people who intend to move this year has remained unchanged since September, with one in four saying they will move.

Forty-nine per cent are confident that the value of their home will continue to increase over the next 12 months, which is only 4 per cent down on the past quarter.

Across the country, those who believe their property value will fall remains steady at 6 per cent. Only Londoners and those in the South-east are more concerned about falling values, with 10 per cent anticipating a drop.

There has been an 11 per cent increase in the number of homebuyers opting for a standard variable-rate mortgage since Yorkshire&#39s third-quarter survey.

General manager of personal financial services Paul Fegan says: “The prospects for the UK housing market over the coming year look rosier than some in the industry have been predicting. It is encouraging to see the wider global slump appears to be having little negative effect on the actual buoyancy of the housing market.”

Recommended

Mellon – Mellon Global Bond Portfolio

Tuesday, January 8, 2002.Type: Ucits.Aim: Income and growth by investing in international sovereign,government, agency, corporate, bank and asset-backed anddebt-related securities.Minimum investment: Euro 5,000 or $5,000.Place of registration: Dublin.Investment split: 100 per cent in international sovereign, government,agency, corporate, bank and asset-backed and debt-relatedsecurities.Isa link: No.Charges: A shares initial up to 5 per cent, annual 2 per […]

Huge relief for stakeholder contributors

For those of you who are familiar with the way higher-rate tax relief is now given on personal pension and stakeholder contributions (see my article of September 20, 2001), here is another twist.In the right circumstances, it is possible to effectively obtain 44.5 per cent relief on such contributions made by individuals. What are those […]

Friends Provident International – Global Portfolio

Thursday, 10 January 2002. Type: Sicav. Aim: Income and growth by investing in a choice of Japanese equity, North American equity, global bond, global equity, global balanced, global socially responsible, European equity. Minimum investment: Lump sum $4,000. Place of registration: Luxemburg. Investment split: Choice of Japanese equity, North American equity, global bond, global equity, global […]

Julian Gibbs

In a recent survey of all the funds ranked AAA, AA or A by Standard & Poor&#39s and by Feri Trust, the well-known German rating agency, 87.5 per cent of Fidelity&#39s funds were shown to have one of the top three ratings.Threadneedle came next, with 71 per cent of its funds being rated AAA, AA […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com