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Entries from December 2007

Existing home sales show gain, rates at 2yr lows

December 31st, 2007 · No Comments

The National Association of Realtors announced today that existing home sales in November were 0.4 percent higher than in October.

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Subdued housing market can still produce hotspots

December 31st, 2007 · No Comments

Halifax Estate Agents is entering the New Year with predictions of strong house price growth in parts of southern England and Scotland.
While the agent describes the overall outlook for the 2008 property market as subdued, it has identified 10 property hotspots.
In the past decade house prices have risen by 179%, from an average price […]

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Barclays reveals gardening business trend

December 31st, 2007 · No Comments

Green-fingered Brits are setting up horticulture and gardening companies, a new survey shows.

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CML: Mortgage lending down

December 31st, 2007 · No Comments

The amount lent to mortgage borrowers fell in November to about £30.7 billion, according to the Council of Mortgage Lenders (CML).

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First-time buyers ‘challenged’

December 31st, 2007 · No Comments

First-time buyers (FTBs) are paying almost £188,000 for their first properties, research shows.

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Strategic review at Friends Provident

December 31st, 2007 · No Comments

Last month, chief executive Philip Moore left Friends after less than a year amid a failed merger attempt with Resolution, the closed fund consolidator.
The insurer has now announced it is carrying out a strategic review that could result in a sale of part or all of the company.
In order to support new business growth, […]

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Gloomy outlook for the UK job market

December 31st, 2007 · No Comments

The Chartered Institute of Personnel and Development (CIPD) is predicting a net rise in employment of 75,000 in 2008, a third of the rise forecast in 2006 and 2007.
The employment organisation said prospects for the UK job market is at its worst for 10 years and anticipates that employment will rise by approximately 150,000 […]

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Property fund assets in new free-fall

December 31st, 2007 · No Comments

Embattled fund manager New Star will slip more gloomy news into the market tomorrow as it reveals its commercial property assets have devalued - again

London Skyline

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Economy set for a bumpy ride in 2008

December 31st, 2007 · No Comments

Bank of England Governor Mervyn King has warned that 2008 will be 'uncomfortable'. Adrian Lowery examines the evidence and talks to the experts

Bank of England, Mervyn King

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Rip-off web ticket touts face clampdown

December 31st, 2007 · No Comments

An inquiry by MPs into online ticket touting will find that sites such as eBay are colluding with gangs to obtain seats for top events, which are then sold to fans at rip-off prices, a report claimed today

Led Zeppelin Concert

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