Salient to Investors: Purchases of existing houses in October exceeded the median economic forecast, property values rose over the past 12 months by the most in seven years, and inventories dropped to the lowest level in almost a decade. Ward McCarthy at Jefferies said housing is cheap, borrowing is cheap, and it’s a
READ MORE... →Salient to Investors: Real Capital Analytics said foreigners bought more UK properties worth over $9.5 million than residents for the first time in a decade, and bought 13.5 billion pounds of UK property through Oct. 12, versus 9.3 billion pounds of domestic purchases. Portfolio investments, including equities and debt, showed a 37.6 billion- pound net inflow
READ MORE... →Salient to Investors: Knight Frank said: UK home prices will fall 2 percent in 2013 as values in every region decrease for the first time since the financial crisis began in 2008. Residential properties will increase 1 percent in 2014 prices and 2 percent gain in 2015. Welsh home prices will slide 3.6 percent in
READ MORE... →Salient to Investors: Douglas McWilliams at Centre for Economics and Business Research said London’s financial-services jobs may drop to a 20-year low in 2013 due to the weak economy, hangover effect from the financial crisis, and increasing regulation. Read the full article at http://www.bloomberg.com/news/2012-11-06/london-financial-jobs-to-fall-to-20-year-low-in-2013-cebr-says.html
READ MORE... →Salient to Investors: Halifax said UK house prices fell for a fourth month in October, down 2.8 percent from a year ago. Nationwide Building Society said home prices rebounded in October to erase September losses. Hometrack said prices declined in October and a market recovery is unlikely without sustained economic growth. Martin Ellis at Halifax said
READ MORE... →Salient to Investors: Adam Challis at Hamptons Intl said: UK home prices will rise 2 percent next year driven by gains in the Midlands and northern England, then will climb another 2 percent each year through 2015 and 4 percent the following year. Values have fallen to a point where homes are
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