Read the runes property prices-Telegraph.co.uk
http://bit.ly/MoITVg
Nationwide says prices fell at their fastest annual pace in nearly three years last month, but the house builder Taylor Wimpey, today announced an increase in average sales prices and completions , while online estate agents Rightmove revealed revenue up 23pc-£ 57. 9 m and pre-tax profits of £ 38. 9 m up from £ 28. 7 m. How can this be true at the same time? The answer is that the market in the UK property, measured this way and that, have become ingrained as a favorite index of our economic fortunes, but really is not in any meaningful way. Average house price benefit from various indexes are so misleading, since much regional property, which reflected very little that is real. Property prices are determined by the very local factors to the minute variations in the streets, not to speak of neighborhoods, which make national averages is meaningless. House Builder Taylor Wimpey, which is in recovery mode after slumping to near extinction in 2008 and now post positive numbers as four years far from those dark days begin to encourage their reporting. Land prices are also for their benefit as well as the Coalition more pro-development planning laws. Rightmove has a completely different set of favourable conditions, a move most notably market share grab from traditional estate agents and mirrors the economy are wider net when it comes to buying and selling items ranging from food to clothing to home. Basically, the real estate market is actually in line with the economy — essentially flat with regional and sector differences, both good and bad. And as with the broader economy, until buyers are happy liabilities has been reduced to an acceptable level and some confidence returns, we continue to bump along the bottom. Although the real estate market is a both eggs and the latest PMI manufacturing data is the worst in three years, there are plenty of good news around. While other equity markets fought largely to make progress today, closed on FTSE 100 1.38 pc higher, fuelled by results from UK companies as diverse as the next, Shire and Standard Chartered. Banks deemed too big to fail seems to have learned a valuable lesson for; that companies are not too big to fail, such as the services group Mouchel, is still worth saving. I am sure by Lloyds and RBS had an eye on policy in this situation – so much better. Shareholders were wiped out, but the jobs are saved. It is good with me. Tomorrow's tough but harsh still. damianreece@Telegraph.Co.uk View the original article here
http://bit.ly/MoITVg
Nationwide says prices fell at their fastest annual pace in nearly three years last month, but the house builder Taylor Wimpey, today announced an increase in average sales prices and completions , while online estate agents Rightmove revealed revenue up 23pc-£ 57. 9 m and pre-tax profits of £ 38. 9 m up from £ 28. 7 m. How can this be true at the same time? The answer is that the market in the UK property, measured this way and that, have become ingrained as a favorite index of our economic fortunes, but really is not in any meaningful way. Average house price benefit from various indexes are so misleading, since much regional property, which reflected very little that is real. Property prices are determined by the very local factors to the minute variations in the streets, not to speak of neighborhoods, which make national averages is meaningless. House Builder Taylor Wimpey, which is in recovery mode after slumping to near extinction in 2008 and now post positive numbers as four years far from those dark days begin to encourage their reporting. Land prices are also for their benefit as well as the Coalition more pro-development planning laws. Rightmove has a completely different set of favourable conditions, a move most notably market share grab from traditional estate agents and mirrors the economy are wider net when it comes to buying and selling items ranging from food to clothing to home. Basically, the real estate market is actually in line with the economy — essentially flat with regional and sector differences, both good and bad. And as with the broader economy, until buyers are happy liabilities has been reduced to an acceptable level and some confidence returns, we continue to bump along the bottom. Although the real estate market is a both eggs and the latest PMI manufacturing data is the worst in three years, there are plenty of good news around. While other equity markets fought largely to make progress today, closed on FTSE 100 1.38 pc higher, fuelled by results from UK companies as diverse as the next, Shire and Standard Chartered. Banks deemed too big to fail seems to have learned a valuable lesson for; that companies are not too big to fail, such as the services group Mouchel, is still worth saving. I am sure by Lloyds and RBS had an eye on policy in this situation – so much better. Shareholders were wiped out, but the jobs are saved. It is good with me. Tomorrow's tough but harsh still. damianreece@Telegraph.Co.uk View the original article here
No comments:
Post a Comment