Today: 5. Nov, 2024
During this week’s gathering of finance chiefs from the Group of Seven (G7), the focus has shifted to growing apprehensions surrounding US debt levels, hinting at potential risks to the nation’s fiscal stability. Despite escalating debt burdens and persistent deficits across member…
The UK economy stabilizes after a prolonged inflation-induced slowdown and aggressive interest rate hikes. Recent data indicates a modest decrease in mortgage costs and a resurgence in manufacturer confidence, suggesting that the country might be “turning the corner.” The Bank of England’s…
The UK economy is finally showing signs of stabilization after prolonged economic turbulence. This shift comes amidst a pause in the Bank of England’s aggressive interest rate hikes, which had recently been the norm. Recent data indicates a modest decline in mortgage…
In the current climate of 5%-plus interest rates, UK homeowners and potential buyers should prepare themselves for a wave of mortgage deals that may seem too good to be true. With eye-catching rates designed to entice borrowers and help lenders hit their…
July usually witnesses a spike in home purchases; however, the uptick in interest rates is starting to show its effects. In July, the tally for mortgage approvals slumped to a five-month trough, spotlighting the mounting influence of increased borrowing expenses on the…
Halifax reports a 4.6% decrease in house prices as elevated interest rates curb the enthusiasm of potential buyers. The UK housing market has witnessed its most significant yearly decline in 14 years, attributed to the summer’s seasonal downturn and the burden of…
Despite posting £705 million in annual profits, the home construction company highlights obstacles in mortgage affordability as a limiting factor for buyers. The UK’s leading homebuilding firm, Barratt Developments, foresees a challenging landscape for the housing market in the near term, attributing…
A sharp 5.3% decrease is observed, correlating with a roughly 40% drop in sales completions in the first half of the year versus 2021. August witnessed a 5.3% decline in UK house prices compared to the same time last year, marking the…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
Asian equity markets exhibited a mixed performance on Friday following a third consecutive day of Wall Street slump in response to a hike in British interest rates. Indices in Shanghai and Hong Kong made gains while Tokyo’s index retreated. Oil prices showed…
