With the latest hike in the bank rate not expected to be the last, eyes are turning towards the buy-to-let market where the number of properties being repossessed do to none payment are on the increase. With the recent increases in interest rates over the past few months in the UK from 4.5 percent to...
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The music recording industry has always been regarded as an aggressive and self-serving group of individuals. The barrage of PR and statistics thrown at us constantly in the press and in the courts is designed to horrify us and convince us that the world is full of pirates, downloaders and criminals sapping the very...
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For the past ten years television viewers in the US, UK and Australia have been avid consumers of home improvement shows. The trend was reflected in the growing value of properties in these markets and the expectations that dabbling with Ikea furniture and learning about ‘spaces’ and ‘color’ would somehow even further enable bigger...
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The Bank of England raised interest rates by 25 basis points to 5 percent this afternoon. The move was not unexpected as despite recent decrease in oil prices the CPI only eased marginally from 2.5 percent in August to 2.4 percent in September. Worries remained that the broader Retail Price Index (RPI) increased from...
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Stocks plunged across the globe on the news that the Democrats had gained control of the House of Representatives for the first time in twelve years.The markets were worried by the sentiment that the new power balance would be less business friendly and would slow the pace of legislation. In general the results have...
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You know that things are in a bad way when even representatives of an industry body call for a halt. Yesterday The Royal Institution of Chartered Surveyors (RICS) urged the Bank of England to raise interest rates to a five-year high of 5.00 percent on Thursday to dampen the housing market and prevent economic...
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