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19/12/2001
Winter blues hit South East housing
According to a report issued by the Royal Institute of Chartered Surveyors (RICS), house prices in London and southeast England remain volatile as the market continues to fall, while prices in the north show a steady rise.
In the south East the difference between chartered surveyors reporting a fall in prices against those reporting a rise was 37 per cent, up from 28 per cent last month. In London 56 per cent more chartered surveyors reported falls against those reporting rises. Last month the figure was 53 per cent.
RICS National Housing Spokesman, Ian Perry, said: “The market slowdown in the south east reflects the fact that the rate of rises earlier this year were unsustainable and buyers have become increasingly reluctant to pay the asking prices. This clearly shows that, at the moment, sellers have to price realistically to achieve sales. But chartered surveyors are confident that the overall market will continue to be positive in the coming year.”
Nationally, the picture was one of a steady market with two per cent more surveyors reporting a rise than a fall, slightly down from five per cent last month. Many chartered surveyors are also reporting that buyer enquiries are beginning to pick up, giving increased confidence for future months.
The average number of sales per chartered surveyor estate agent remained steady at 37, up one from last month, while the average number of houses on the books rose by two, to 75. This was up six per cent on the same period last year.
The sales to stocks ratio was steady, and remains close to its historical high. (CD)
In the south East the difference between chartered surveyors reporting a fall in prices against those reporting a rise was 37 per cent, up from 28 per cent last month. In London 56 per cent more chartered surveyors reported falls against those reporting rises. Last month the figure was 53 per cent.
RICS National Housing Spokesman, Ian Perry, said: “The market slowdown in the south east reflects the fact that the rate of rises earlier this year were unsustainable and buyers have become increasingly reluctant to pay the asking prices. This clearly shows that, at the moment, sellers have to price realistically to achieve sales. But chartered surveyors are confident that the overall market will continue to be positive in the coming year.”
Nationally, the picture was one of a steady market with two per cent more surveyors reporting a rise than a fall, slightly down from five per cent last month. Many chartered surveyors are also reporting that buyer enquiries are beginning to pick up, giving increased confidence for future months.
The average number of sales per chartered surveyor estate agent remained steady at 37, up one from last month, while the average number of houses on the books rose by two, to 75. This was up six per cent on the same period last year.
The sales to stocks ratio was steady, and remains close to its historical high. (CD)
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30 August 2001
Hilton Group report 33 per cent rise in profits
The UK hotels and leisure company Hilton Group has reported a one thid rise in profits for the first six months of the year. The company’s profits, which rose by 33 per cent to £144.3 million, improved despite the recent problems besetting the British tourist industry such as an economic slowdown and the outbreak of foot-and-mouth disease.
Hilton Group report 33 per cent rise in profits
The UK hotels and leisure company Hilton Group has reported a one thid rise in profits for the first six months of the year. The company’s profits, which rose by 33 per cent to £144.3 million, improved despite the recent problems besetting the British tourist industry such as an economic slowdown and the outbreak of foot-and-mouth disease.
17 April 2002
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
20 December 2001
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
Business success relies on effective investment
According to the Department of Trade and Industry there is a positive relationship between effective capital investment (Capex) and company performance.
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Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
