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Top related persons:
BoE - 2 Michael McGill - 2 Russell Quirk - 2 Jonathan Cable - 2 Mumal Rathore - 2 Stefan Wermuth - 1 Zoopla - 1 Aneisha Beveridge - 1
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Search resuls for: "Michael McGill"


2 mentions found


☆ British home prices to fall 4% in 2023 as borrowing costs bite: Reuters poll
  + stars: | 2023-09-01 | by ( Jonathan Cable | ) www.reuters.com   time to read: +4 min
The most pessimistic forecast was for a 10% fall, despite consumer prices expected to rise 7.5% this year, according to a separate Reuters poll. They were expected to flatline in 2024 and rise a little over 3% the year after, little changed from the previous poll. "The London housing market ebbs and flows, yet is there really such a thing as a 'London property market' nowadays?" RENTAL STRESSThose unable or unwilling to make it onto the property ladder will feel the pinch from surging rental costs. Private rental prices paid by tenants in Britain rose 5.3% in the 12 months to July, according to the Office for National Statistics.
Persons: Stefan Wermuth, BoE, Michael McGill, Zoopla, Russell Quirk, Aneisha Beveridge, Jonathan Cable, Mumal Rathore, Rahul Trivedi, Purujit, Mark Potter Organizations: REUTERS, Bank of England, Office, National Statistics, Thomson Locations: London, Britain, Kensington, Mayfair, Barking, Dagenham
☆ British home prices to slip but won't come crashing down, Reuters poll shows
  + stars: | 2023-06-02 | by ( Jonathan Cable | ) www.reuters.com   time to read: +4 min
[1/3] Partly finished houses are seen on a new housing development under construction in Liverpool, Britain June 2, 2023. Yes, prices will fall this year but by single digits," said Tony Williams at consultancy Building Value. From peak to trough home prices will fall 7.5%, the median in the poll showed. "Persistent core inflation and wage pressures will prevent the Bank of England from cutting interest rates until 2024, which means mortgage rates won't fall any further until next year," said Andrew Wishart at Capital Economics. (For other stories from the Reuters quarterly housing market polls:)Reporting by Jonathan Cable; polling by Mumal Rathore and Anitta Sunil; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Phil Noble, Tony Williams, Andrew Wishart, BoE, Michael McGill, Barratt, Russell Quirk, Jonathan Cable, Mumal Rathore, Anitta Sunil, Kim Coghill Organizations: REUTERS, Bank of England, Capital Economics, Nationwide, Thomson Locations: Liverpool, Britain, Britain's, London
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