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UK housing market commentary by RICS

UK house price inflation is down to 4 per cent, its lowest since 1996, according to the OPDM.

The Royal Institute of Chartered Surveyors notes that the Q2 inflation rate has dropped from 14.3 per cent last year, saying the market has been slowing for almost 12 months.

House prices have risen 170 per cent since Q2 1996, having risen at an annual rate of 25 per cent, RICS reported at the end of 2002.

Despite speculation that house prices might fall after many years of rapid growth, a tighter monetary policy has prcipitated this cooling off, with the Bank of England raising interest rates 1.25 per cent between November 2003 and August 2004.

This tightening had a direct and immediate effect on mortgage interest rates, now rising for the first time in five quarters, says RICS.


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I remember watching George Best play at Patrick Thistle in a testimonial for Thistle stalwart Donnie Mackinnon.

Right people, right time

The importance of effective recruitment should not be underestimated. Getting the right people into organisations brings success and strength – getting the wrong people can bring a heavy price. As such, recruitment should be given due care and attention, with businesses planning proactively around current and future requirements. At BM Solutions, human resources are an […]

Small-cap manager quits firm

US small-cap manager Rob- ert Graham Brown has left Threadneedle. Brown joined the company as a graduate trainee in 2001 and he has been managing the American smaller com- panies growth fund since early 2004. Threadneedle says it plans to recruit a replacement for Brown as soon as possible. The firm has appointed Samuel Morley […]

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Is three a crowd?

The pension versus Isa debate has raged on and off for years. Les Cameron, head of technical at Prudential, asks if three’s a crowd.   I think the debate was arguably settled by pensions freedom when the biggest downside of pensions – limited access and poor death benefits – was fundamentally changed. Total access, albeit with […]


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