Edward Gramlich, 68, Dies; Former Fed Governor Edward M. Gramlich foresaw a looming crisis in home mortgage practices and ran a federal board created to aid the airlines after the 9/11 attacks.... Read Full Article Algarve Couple Were ‘affected By Illness, Not Alcohol’ A British couple whose three children were taken into protective custody while they were on holiday in Portugal denied yesterday that they had been drinking excessively.... Read Full Article Investors Bet On Coles Bid Battle Investors gamble on Wesfarmers’ $19.7 billion-plus takeover bid for Coles Group being trumped, despite the obvious contender resisting pressure to declare a counter-offer.... Read Full Article Prototype: Why Work Is Looking More Like A Video Game Software lets you build a dossier of your clients that includes photographs and lists of their likes, dislikes and buying interests.... Read Full Article Scripps Reports A Profit After A Loss Last Year, But Shares Fall The report was overshadowed by worries about slowing sales at the company’s cable networks and dwindling numbers of visitors at a crucial price comparison shopping site, Shopzilla.... Read Full Article |
UK Ranks In Europe’s Top Six For House PricesThe growth in UK house prices was the sixth biggest in Europe last year, with property prices in the majority of European countries slowing sharply in the last six months of last year, a report on the European mortgage market says. Rising mortgage rates on the back of rate rises by the European Central Bank is the prime reason for dampened house price inflation, but UK house prices, despite the recent falls, recorded an increase of 8 per cent in 2007 - making it one of the best performing markets in Europe. However the report from the Royal Institute of Chartered Surveyors (RICS) indicated that the UK was one of the only countries out of the 20 surveyed where the credit crunch had started to have an impact, experiencing a noticeable drop in borrowing levels. House prices in Poland, in first place, grew by 28 per cent last year, the biggest margin in Europe, but market conditions in the second half of the year deteriorated as the market became saturated, leading to many unsold properties hanging on the market. &&&§ionName=MoneyMortgages,mywindow,menubar=0,resizable=0,width=615,height=655); Related Links House prices weaken for fourth month running Prices drop as housing market slumps First time buyers put property search on holdCyprus and Iceland, placed two and three respectively, were the only countries where house prices grew by a greater margin than they did in 2006, rising by 15 per cent in 2007. Norway came in at number four and Sweden took fifth position. Irelands housing market was the worst, with prices falling 7 per cent last year. The Baltic States also experienced a dip in the value of property. The reports author, Professor Michael Ball, said: The often repeated dilemma currently facing monetary authorities is that slowing economies - and housing markets - need lower interest rates, but higher inflation is against them. How Europe’s housing markets fare in 2008 depends on how that tug-of-war develops. Tag CloudExternal InformationAdditional InformationNew York Says Appraiser Inflated Value of Homes...Last-minute rush fails to save season on the high street... Freddie Mac Cuts Dividend in Half... Microsoft Adversary Rises Instinctively at Yahoo Bid... Where Am I?News Main Page - Business - UK Ranks In Europe’s Top Six For House Prices |
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