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RSS FeedsGerman factory recession deepens; UK house prices jump - business live
(The Guardian Germany)

 
 

6 december 2019 12:01:54

 
German factory recession deepens; UK house prices jump - business live
(The Guardian Germany)
 


Rolling coverage of the latest economic and financial news, as German industry continues to struggle badlyLatest: UK house prices up 1% in NovemberIntroduction: German industrial output slumped in OctoberOutput -5.3%: worst since 2009Recession fears are rising after `disastrous´ dataComing up: US jobs report at 1.30pm GMT 10.16am GMT Here´s the latest house price data from Halifax, showing property prices rising at their fastest rate since the spring. 10.09am GMT Economist Rupert Seggins points out that Halifax´s data shows a higher rise in house prices than other indices.Fair old jump in the growth rate in the Halifax house price index from 0.9%y/y in Oct to 2.1%y/y in Nov (guys, you`re making me nervous again). Highest rate of growth of the major indices that have reported Nov figures. Latest readings range from -0.5%y/y (LSL) to 2.1%y/y (Hal). pic.twitter.com/SiTs4mQVcq 9.45am GMT Housebuilder Berkeley Group has warned that political uncertainty is hurting the sector, after posting a sharp drop in profits.It told shareholders this morning:We remain alert to market risks with a General Election next week and the delay to the UK´s proposed exit from the European Union prolonging the uncertain operating environment of the last three years.This is damaging to our economy and London where fewer developers are prepared or able to accept the high operational risk of bringing forward new homes, with supply falling as a consequence. 9.17am GMT Here´s some snap reaction to the surprise rise in UK house prices last month:Mark Harris, chief executive of mortgage broker SPF Private Clients: `It might be a little surprising to see the biggest monthly rise in house prices since February but the end of year can see a spike in sales as people aim to be in their new home for Christmas. With average wages rising at more than twice the rate of consumer inflation, homes are becoming steadily more affordable in many parts of the country.`Mortgages remain cheap and the relative lac ...


 
32 viewsCategory: General > Europe > Germany
 
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