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Property price rises forecast to beat inflation

Building society bosses are predicting house price growth will continue to outstrip inflation, confounding forecasts from economists.

A BSA survey reveals that the majority of society chief executives believe house price rises will run at 4-5 per cent this year.

This is in marked contrast to price predictions published by the BSA in January, which showed that most experts in the wider mortgage industry were predicting an annual increase of just over 2 per cent.

The vast majority of society chief executives think the housing market will remain buoyant this year, with 89 per cent saying they expect to do either the same or more lending compared with only 48 per cent last year.

Forty per cent predict interest rates will remain at 4.5 per cent at the end of the year while another 30 per cent of bosses forecast a 25-basis point rise to 4.75 per centBSA director general Adrian Coles says: “An active housing market is good news for first-time buyers and more sophisticated affordability criteria are helping people on to the property ladder. Once on, existing homeowners will benefit from above inflation returns. However, it is also clear that chief executives believe that the one thing the Chancellor could do to help even more people into homeownership is to reform stamp duty.”


Norwich Union in dual pension term push

Norwich Union is lining up a twin-pronged assault on the pension term assurance market with the launch of life insurance with tax relief and mortgage life insurance with tax relief plans. The policies will follow the same product designs as its level and decreasing term products while offering tax relief at the client’s taxable rate. […]

Gartmore MBO announcement imminent

Gartmore is likely to announce the terms of the private equity-backed management buy out of the investment house “either later today or early tomorrow morning” according to a company spokesman.US group Hellman & Friedman are currently finalising the legal details of the agreement which will be expected to lock in a number of the company’s […]

More whitewash?

It looks as if we could still be in for years more of argument over pensions

Five reasons for optimism in India

By Kunal Desai, Head of Indian Equities at Neptune Investment Management Following the MSCI India Index’s 26.4 per cent return in 2014, stemming from a 7.3 per cent rise in GDP, investors have recently become increasingly concerned about India’s future growth potential. What has happened to India’s reform agenda and are there any signs of […]


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