Karen Day
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London house prices to stagnate in 2015
London will experience a year of stagnation when it comes to house prices, the Royal Institution of Chartered Surveyors says in its outlook for 2015.
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London house prices up 0.5%, Hometrack says
House prices rose an average of 0.5% across London in the three months to the end of November, a report by property researcher Hometrack shows.
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Global Roundup: China revises GDP estimate
China has revised upward its estimate of 2013 gross domestic product by 3.4%, or $308.8 billion, according to the details of its latest economic census.
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House sellers cut prices
Asking prices on a third of properties listed for sale have been cut at least once, the highest number since August 2012, property website Zoopla has found.
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U.K. mobile phone coverage to be extended
The four main U.K. mobile phone network operators will from 2017 be required to cover 90% of Britain’s landmass.
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Dixons Carphone reports earnings
Electronics concern Dixons Carphone reported a loss in what was the company’s first earnings statement since it was formed from the merger of Dixons and Carphone Warehouse in May.
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Jigsaw’s sales, profit rises
Fashion retailer Jigsaw recorded higher sales and an increase in earnings before interest, tax, depreciation and amortization in the fiscal year ended September 27.
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LSL/Acadata index shows house prices up 11.3% on year
The average U.K. house price rose 11.3% in November on the year and was up 0.8% on the month, the LSL Property Services/Acadata House Price Index shows.
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Goldman Sachs, CarVal preferred bidder for Project Quartz
A project involving Goldman Sachs Group and CarVal Investors is the preferred bidder for around 1 billion euros of real estate loans known as Project Quartz.
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Russians quit London luxury-home market
The number of Russians registered with Christie’s International Real Estate as being interested in buying London properties is down 70% over the course of a year, Giles Hannah, a senior…
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U.K. to cut stake in Lloyds
U.K. Chancellor of the Exchequer George Osborne has told a parliamentary committee the government will gradually reduce its stake in Lloyds Banking Group over the next six months.
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Global Roundup: U.S. Fed meeting; U.S., China housing markets
The U.S. Federal Reserve is likely to keep interest rates near zero for the first quarter of next year, but to gradually raise rates thereafter, its chairwoman, Janet Yellen, said…