House price 'growth' masking slowdown - papers 4 July

clock

National house prices rose by just 0.4% in June, according to Britain's largest mortgage lender the Halifax, as the latest evidence emerged of a market slowdown - and a widening rift between nationwide property prices, reports The Times.

In Greater London prices rose by 4.9% last month, the Halifax said, with Northern Ireland roaring ahead with an increase of 8.5% for June. Northern Ireland is now the most expensive part of the UK to buy property outside London and the South East, the Halifax said. But according to today's figures, surging prices in these economically more prosperous areas are masking real declines in less well-off areas. GORDON BROWN UNWITTINGLY KICKED off the current private equity boom with his controversial decision to scrap the dividend tax credit 10 years ago, one of the industry's leading figur...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •