UK number of mortgage approvals for house purchases recorded a rise in June
The Bank of England has reported that number of mortgage approvals for house purchases in the UK recorded a rise to 66.60 K in June, higher than market expectations of an advance to 66.00 K. Number of mortgage approvals for house purchases had recorded a revised level of 64.80 K in the previous month.
House prices in England and Wales hit record high: House prices in England and Wales have climbed to a new record high after overtaking the previous peak reached at the height of the property boom, according to official data.
Commuting to London saves £450,000: The daily commute may be a miserable grind but those prepared to suffer two hours a day on Britain’s railways are saving themselves almost half a million pounds on house prices
The preliminary gross domestic product (GDP) in the UK registered a rise of 0.70% on a quarterly basis in 2Q 2015, compared to a rise of 0.40% in the prior quarter. Market anticipation was for GDP to climb 0.70%.
Britain in the red: property debt grows to £1trillion amid warning over interest rate rise: Britain’s property debt has hit an eye-watering £1trillion and experts have warned that many homeowners could struggle when interest rates rise
Construction-sector recovery at risk from skills shortage, say building firms: A shortage of bricklayers, carpenters and site Managers threatens to derail the construction sector’s recovery, an industry group has warned after fresh evidence of recruitment struggles at building companies
UK balance of firms reporting total order book above normal ease surprisingly in July
Confederation of British Industry has reported that, in July, the balance of firms reporting total order book above normal eased unexpectedly to a level of -10.00 in the UK, compared to market expectations of an advance to a level of -6.00. In the prior month, the balance of firms reporting total order book above normal had registered a level of -7.00
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