View more on these topics

UK slips in European league of house price inflation

The UKs longstanding position at the top of the European League of house price inflation ended last year, according to the Royal Institution of Chartered Surveyors.

The RICSs European Housing Market Review showed the UK slipping to joint third place, the same as Ireland, with a 15 per cent increase. France came top with an annual increase of 15.5 per cent. Spain came second with 15 per cent.

As the only country to have experienced significant interest rate rises in 2004, the RICS says the UKs six-month market slowdown is likely to lower Britains house price inflation rate further.

RICS economist Milan Khatri says: “Low interest rates have been the principal driver of rising house prices in many countries, despite some quite moderate economic performances. Any sustained increase in interest rates takes the steam out of markets, as seen in the UK over the last year.”

Recommended

Rates drop on children’s bonus bonds

Rates on National Savings and Investments’ next issue of children’s bonus bonds is dropping from 4.45 to 4 per cent.The rate on the next tranche, launching on 1 February, reflects continued weakness in the gilt market. The rates had previously been at 4.45 per cent since August.

Bulgarian dream for Development Capital

Jersey-based Development Capital Management has established a closed-ended fund which invests in residential Bulgarian properties in prime areas along the coast and ski resorts.The Black Sea property fund has sterling, dollar and euro denominated shares and also offers capital protected shares denominated in these currencies. The protected dollar shares offer 85 per cent capital protection […]

Ethical CTF for Co-op

Co-operative insurance Society is offering the first ethical stakeholder child trust fund in partnership with Childrens Mutual. The CTF account invests in the CIS FTSE4 Good tracker trust.

Igroup relaunches GEM first charge mortgage range

Igroup is enhancing its first charge mortgage product range as of January 31 2005.The changes include reduced fixed rates across the full GEM range for all fixed rate terms and improved discount rates on GEM 0-4. The minimum loan amount will be reduced to 10,000 on all products within the range, and new loan to […]

Retirement - thumbnail

Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment