U.K. house prices remain static

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
“Sentiment towards major purchases is depressed”- Robert Gardner, chief economist at NationwideImpact: HighHouse prices in U.K. edged higher 0.1% to £166,256 in September, while quarter on quarter figures have remained static, said the Nationwide Building Society on Thursday. "Providing the UK recovery gradually gathers momentum in the months ahead, we continue to expect house prices to move sideways or to drift modestly lower over the remainder of 2011 and into 2012," said Robert Gardner, chief economist at Nationwide."Sentiment towards major purchases is depressed, as a result of weak labour market conditions and ongoing pressure on household budgets from above-target inflation," added Mr. Gardner. “Downside risks have increased as U.K. and global growth prospects have weakened. There is also a risk that, if the euro-zone situation continues to deteriorate, it could affect the cost and availability of credit.”"The current financial market turmoil and heightened concerns over the domestic and global economies are unlikely to do much for consumer confidence and willingness to commit to buying a house, in the near term at least. These factors are expected to outweigh the support to the housing market coming from extended very low interest rates, so we forecast house prices to fall by about 5% from current levels by mid-2012," said Howard Archer at IHS Global.
Back to articles

Actual Topics

Fri, 30 Sep 2011 12:30:39 GMT

Japan retail sales dive in August

“Consumer spending was recovering after the quake, but that rebound is pretty much over”- Yoshiki Shinke, a senior economist at Dai-Ichi Life Research InstituteImpact: MediumYear on year retail sales in Japan plummeted 2.6% in August, after 0.6% increase in July, said the Ministry of Economy, Trade and Indus-try on Thursday. Economists expected the reading to decline moderate 0.6%.“Consumer spending was

Fri, 30 Sep 2011 12:36:03 GMT

U.S. unemployment claims tumble to 391 thousand

“The larger-than-expected decline in initial claims appears too good to be true”- Ryan Sweet, a senior economist at Moody's AnalyticsImpact: HighNumber of Americans, claiming for unemployment benefits, tumbled to 391 thousand last week, down from 428 thousand the week be-fore, said the U.S. Census Bureau on Thursday. The reading is much better than expected figure of 420 thousand.“Apart from what

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.