There's been no spring thaw in the property market according to the latest figures from Nationwide. The building society's March house price index recoded a small annual rise across the UK, but problems in London and the South East dragged prices down in England overall. And while spring has traditionally seen a return of buyers and sellers as the market picks up, that hasn't happened this year. Nationwide's chief economist Robert Gardner said: “Measures of consumer confidence weakened around the turn of the year and surveyors report that new buyer enquiries have continued to decline, falling to their lowest level since 2008 in February. “While the number of properties coming onto the market has also slowed, this doesn’t appear to have been enough to prevent a modest shift in the balance of demand and supply in favour of buyers in recent months." Sam Mitchell, chief executive of online estate agents Housesimple, said: "Normally, we would expect to see … [Read more...] about First house price fall in England since 2012 as buyers now “hold all the cards”
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House price growth across the UK remained "subdued" in March, with prices just 0.7pc higher annually, Nationwide Building Society said. Property values edged up by 0.2pc month on month across the UK, taking the average house price to £213,102 (€248,750). Across England, house prices fell by 0.7pc annually in the first quarter of 2019, reaching £255,683 (€298,454) on average. The fall in the average house price in England was driven by declines in London and the South East - with prices still climbing in many other parts of the country. Nationwide said it was the first annual price fall in England since the fourth quarter of 2012. In London, house prices fell by 3.8pc annually in the first quarter of 2019. Nationwide chief economist Robert Gardner said: "London was the weakest-performing region in quarter one, with prices 3.8pc lower than the same period of 2018 - the fastest pace of decline since 2009 and the seventh consecutive quarter in which prices have … [Read more...] about Property values in London tumble at fastest rate in a decade
AN Army veteran has spoken of his torment after losing £150,000 savings to scammers who were posing as investment brokers. Tom Johnston, 61, had a 25-year career in the military, specialising in communications with the Royal Signals and Special Forces, and later worked for security companies in the Middle East. But his technical skills and knowledge of security could not save him from a sophisticated scam that cost him his hard-won nest egg. The ordeal unfolded after he was emailed by fraudsters posing as Cater Allen, which he knew to be the respected private banking arm of his own bank, Santander. They told him of a lucrative chance to double his money by investing in up-and-coming companies such as Airbnb, which they said were about to float on the stock market. The emails came from what seemed like official addresses, ending “caterallenltd.com”, and each closed with Santander’s UK head office address, followed by a formal disclosure notice. Disabled … [Read more...] about Army veteran lost £150k to scammers — here’s how to avoid being ripped off
With the deadline of March 29th rapidly approaching, there is an increasingly real prospect of the United Kingdom leaving the European Union (EU) without a Brexit deal. UK and EU officials have failed to negotiate a divorce settlement in more than two years of discussions, and with the backstop issue of the Republic of Ireland and Northern Ireland still at the heart of the debate, a no-deal Brexit could be the only option to end the political impasse. Some financial experts have suggested that UK and EU stocks could fall by as much as 25% and 10%, respectively, in the event of a no-deal Brexit. Even US and Japanese stock markets are expected to decline by 9%, with increased trade barriers and uncertainty causing unprecedented economic turbulence. So, how will a no-deal scenario affect retail investors who trade stocks, forex, and commodities markets, both as a profession and as an investment opportunity? You might be surprised to find that many retail investors will cope reasonably … [Read more...] about How Might a No-Deal Brexit Affect Online Trading Businesses?
A FASCINATING book on the city - dating from the early nineteenth century - has been newly-published on the Public Record Office of Northern Ireland (PRONI) website, offering a rich insight into what it would have been like to live here one hundred and seventy years ago. A New Directory of the City of Londonderry, 1839, paints a vivid portrait of the town just years prior to the Great Famine, when William Lamb was Queen Victoria's Prime Minister and Hugh Fortescue was Lord Lieutenant of Ireland.The old tome describes what was once a bustling centre of international commerce. Citizens could buy a range of local snuffs and West Indian cigars in William Smith's of The Diamond, hobnob with a range of international consuls in the King's Arms in Pump Street, and then rub shoulders with the famed shipbuilder William Coppin, who captained the Robert Napier Steam-Packet, between the city and Liverpool every Friday.The whole gamut of civic society is covered by the directory, appropriately … [Read more...] about Our city in the rare oul’ times