February 24, 2011
The Telegraph reports on a recent release from Rightmove that there are now double the amount of properties on the market than mortgages being approved. Of especial concern is that sellers are proving very reluctant to reduce prices to increase the chances of a sale. The bottom line is that any property is only worth what someone is willing to pay, and the lack of First Time Buyers in the market ...
House prices still under pressure
by Brian TurnerThe Telegraph reports on a recent release from Rightmove that there are now double the amount of properties on the market than mortgages being approved. Of especial concern is that sellers are proving very reluctant to reduce prices to increase the chances of a sale. The bottom line is that any property is only worth what someone is willing to pay, and the lack of First Time Buyers in the market ...
RBS loses £1 billion, crisis not over yet
by Brian TurnerReminder: the financial crisis is anything but over. This is underlined by the fact the Royal Bank of Scotland posted a £1.1 billion loss. While the loss is particularly linked to Ulster Bank, which is a RBS subsidiary and has guaranteed 100% mortgages in the Irish Republic, it demonstrates how the European banking system is still in crisis. We still have issues of denial about the extent of problems in the ...