Latest figures from the Australian Bureau of Statistics show the country’s GDP growing by 1.2% in the second quarter of 2010, compared with 0.7% in the previous three month period. The spurt, which was driven by a 1.6% increase in household expenditure and an increase in exports of 5.6%, puts economic growth at 3.3% for [...]
Europe’s largest economy appears to be optimistic after its recent quarterly growth figures, suggesting it is now hoping for 3% growth in 2010. Last week, Germany’s statistics office Destatis, revealed the economy grew by a record 2.2% in the second quarter – the fastest quarterly growth in 20 years. The figures smashed analysts forecasts who [...]
Taylor Wimpey has reported “relatively robust” UK housing market conditions over the first half of 2010, having achieved 4,804 legal completions, up slightly from 4,702 a year earlier.
The group sold 3,925 homes to private buyers and 866 to affordable housing providers, with the remainder joint ventures.
Encouragingly, the developer’s cancellation rate scaled back to 16% in [...]
New figures from the Land Registry show house prices in England and Wales back to summer 2006 levels, having risen by 0.1% in June, compared with May.
Last month, the typical home sported an annual gain of 8.4%, taking the average house price to £166,072.
All ten regions of England and Wales experienced annual rises, with London [...]
New research from Hometrack shows house prices in England and Wales slipping in July, for the first time in 15 months.
The housing intelligence firm has recorded a 0.1% decline as the market continues to take up the impact of a surge in new instructions, alongside a 1.3% drop in new buyer enquiries.
Hometrack director, Richard Donnell, [...]