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Todays Sky news covers such delights as these:-

DROP IN MILLIONAIRE HOMES

The number of properties sold for more than £1m fell by more than a quarter during the first half of this year.

The biggest fall in the sale of million-pound homes was seen in Greater London and the South East.

There were also modest declines in the South West, North West, East of England, Wales and Yorkshire and the Humber.

But Scotland bucked the trend, with a 122% increase in sales of the properties, rising from just 18 last year to 40 during the first half of this year.

There were also small increases of one or two properties in the North East, West Midlands and East Midlands.

According to the Halifax, there are now more than 53,000 millionaire properties in Britain.

The drop followed a rise of 36% in the number of the properties of this value sold between 2003 and 2004.

But at least one property worth more than £1 million was sold in 176 local authority districts during the first half of this year. 

http://www.sky.com/skynews/article/0,,30000-13440474,00.html
COUNCIL TAX 'U-TURN'

Millions of homeowners in England could be spared big council tax rises.

The Government is set to postpone its planned revaluation of homes.

Deputy Prime Minister John Prescott is expected to signal what critics describe as a U-turn by saying the new council tax valuations will not happen by the original deadline of 2007.

More than 22 million homes were due to be valued - one in three were expected to move into a higher tax band.

A revaluation of property prices in Wales last year resulted in a third of homes being moved up a tax band, according to the Conservatives.

However, government sources have now indicated that the review in England will be suspended, probably until after the next general election, according to reports.

At present, council tax is calculated on the basis of eight bands, with owners in a top-rate band H property paying twice as much as people on band D.

http://www.sky.com/skynews/article/0,,30100-13440479,00.html

BANK OF ENGLAND WARNING

Consumer spending is likely to remain subdued, as high oil prices and lowered employment prospects slow growth in people's incomes.

The warning comes from David Walton, of the Bank of England's monetary policy committee.

In the first speech since his appointment to the organisation, he informed a business audience in Exeter that spending had been very weak in the first half of the year.

He said people were unlikely to want to borrow to maintain their spending habits.

And business investment prospects were "very uncertain", he added.

Mr Walton's remarks differ from the collective view set out in the last Inflation Report.

It said a "moderate growth" in consumers' expenditure was expected in the near future.

However, Mr Walton said the chances of the committee's central projections being correct were "extremely low".

http://www.sky.com/skynews/article/0,,30400-13440500,00.html

:D:D:D:D:D

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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