Posts Tagged ‘2010’
Consumers warned 2010 will be difficult
British consumers should expect to face more financial difficulty this year than during 2009, a financial expert has claimed.
Richard Perks, director of retail research at Mintel, said it is “obvious” that living costs are going to rise while income is squeezed.
The tough times are “really still to come,” Perks said.
“That doesn’t necessarily mean we are [...]
Persimmon reports strong forward sales book
Persimmon Homes managed 8,976 legal completions in 2009, compared with 10,202 in 2008, with an average selling price of £160,513 (down from £172,994 last year).
However, Britain’s largest house builder says it has a strong forward sales book of around £900 million, up 29% on 2008.
Ninety new sites are scheduled to open in the first half [...]
Euro zone expects growth of 1% in 2010
Eurogroup chairman Jean-Claude Juncker has said the euro zone economy will grow by about 1% in 2010.
The chief of the 16-member nation, who is also Luxembourg’s Prime Minister, said: “Growth is on the path of consolidation but growth in 2010 will be fragile, moderate.”
The euro zone has hit the headlines over the last few weeks [...]
46,000 homes repossessed in 2009
Repossessions fell 13% to 10,200 in the final three months of 2009, compared to the previous quarter.
The figure, which includes home-owner and buy-to-let mortgage borrowers, was also 2% down on the same period of 2008, according to the Council of Mortgage Lenders (CML).
However, for 2009 as a whole, mortgage lenders possessed around 46,000 homes, up [...]
Spring bounce in housing market likely to be short lived
Enquiries from new home buyers dipped in January, for the first time in 14 months.
According to the Royal Institution of Chartered Surveyors (RICS), the winter freeze may have been responsible for the downturn with house sellers also affected and the number of homes being put up for sale falling for the first time in seven [...]