Article(s) associated to this keyword
- Libor Stays High as Base Rate Cuts are Forecast
- Libor Unmoved by Government Rescue Package
- London High-End Property Prices on the Rise
- Markets Face Meltdown After Rescue Plan Rejection
- New Initiatives to Get Property Market Moving
- Positive Outlook for London Homeowners
- Relief for Home Buyers at Property Auctions
- Bag Yourself a Country Cottage Bargain
- Turmoil on the Markets Affects Us All
- Lehman Brothers Fails and Merrill Lynch Is Taken Over
Although the three-month Libor rate is remaining frustratingly high, there are expectations for the base rate to be cut again this year and throughout 2009, as forecasts are for inflation to come down, maybe as low as 1% in 12 months time.
It is going to take time for the Government’s financial rescue package to have an effect on the markets. That much was evident after the FTSE continued to fall and Libor rate did not follow the base rate down.
A recent survey has found that the high-end property market in London is bucking the downward trend as prices continue to rise, most noticeably with houses worth more than £10 million.
The US bail-out plan for banks was rejected on Monday. As a result financial markets around the world went into free-fall. More banks went under, and others are expected to follow. President Bush will make another attempt at a rescue plan later in the week.
Sarah Beeney has launched a website offering advice on how to kick-start the property market during the downturn, which involves all members of the chain rather than simply first-time buyers.
New research shows that, despite the credit crunch and property slowdown the average asking price of a house in London continues to rise.
As homes become harder to shift auctioneers are demanding that vendors reduce their reserve price before they agree to take them on as clients.
Luxury homes, farmhouses and cottages are facing the biggest drop in value in over 10 years, as the market starts to slow in rural areas.
The repercussions following the fall of Lehman Brothers and Merrill Lynch banks in the US at the weekend are going to affect us all, experts warned. Pensions, savings and mortgages will all be affected. Stock markets around the world lost around 4% on Meltdown Monday.
Lehman Brothers has filed for bankruptcy in the US, and Merrill Lynch is being taken over by Bank of America after a weekend of upheaval in the US. Stock Markets suffered on Monday as a result.
