Archive | January, 2008
Dark Days For Housing Market, Says RICS
The latest survey from the Royal Institution of Chartered Surveyors (RICS) indicates that house prices are falling at the same rate that they did in the housing market crash of the early 1990s. The feeling is that only further reductions in the base interest rate will avoid a property meltdown. Estate agents, who help to complete [...]
Continue reading...Central Banks Unite To Avoid Recession
18. January 2008
In an unprecedented move the three most powerful central banks in the world have joined forces in an attempt to head off a global recession. The Bank of England, the US Federal Reserve and the European Central Bank have launched a £50bn bid to try and stave off the problems being caused by the world-wide credit [...]
Continue reading...The South Pays Three Times As Much Stamp Duty As The North
16. January 2008
Stamp duty has become the ban of the homebuyers’ existence; well, at least, it has become so in the South, as it has been shown that homebuyers in the South are paying over three times more than those in the North. The average stamp duty paid by property buyers in London, the South East, South West [...]
Continue reading...Individual Insolvencies Expected To Rise
14. January 2008
Christmas spending sprees will boost the number of individual financial casualties in the first quarter of 2008. According to accountants Grant Thornton there will be an extra ten thousand people who go bankrupt or enter into an individual voluntary arrangement (IVA) in the first three months of the year, boosting the number to 28,000. The [...]
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21. January 2008
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