Since the last eruption of Greece’s long-running crisis in 2015, banks in Europe’s most troubled economy have shored up capital, staunched losses and set up a plan to reduce their mountains of bad debt. Now, fresh tensions over the country’s bailout are putting that progress at risk.
Category: Mortgage
London Homeowners Are Desperately Slashing Prices
More London home sellers are having to cut the asking price of their homes, and they’re offering deeper discounts as political uncertainty and high values dampen demand. “Price cuts seen in prime central London in the immediate aftermath of Brexit are now filtering through to outer boroughs,” said Savills Plc residential research director Lucian Cook.
London Homeowners Are Desperately Slashing Prices
More London home sellers are having to cut the asking price of their homes, and they’re offering deeper discounts as political uncertainty and high values dampen demand. “Price cuts seen in prime central London in the immediate aftermath of Brexit are now filtering through to outer boroughs,” said Savills Plc residential research director Lucian Cook.
Alex Brummer: It’s time for Tata to dig deep
How councils reject parking ticket appeals even if you have done nothing wrong… but you CAN fight back and win INVESTMENT CLINIC: Should I invest in Neil Woodford’s new fund if I’ve already got money in another one of his? Why NO bank will offer you a Lifetime Isa: Fears Government’s flagship savings deal for under 40s will be a catastrophic flop ASK TONY: HMRC sent a A 2,057 tax bill to my 87-year-old, dementia-suffering mum in her care home MARKET REPORT: EasyJet and Dixons set to fall out of the FTSE 100 to be replaced by Rentokil Initial and DS Smith Triple boost for Brexit Britain: Dyson to build tech hub in the UK, Chinese bid A 1bn for City skyscraper and 1,400 new Expedia jobs ALEX BRUMMER: As Sir Philip Green finally coughs up for BHS pensioners it’s time for Tata to dig deep Revealed: The trick to still get 3% interest on a Santander 123 account… but there’s a catch, you … (more)
8 Rising Stocks That Are Still Undervalued
According to the GuruFocus All-in-One Screener , several gurus are focusing on stocks whose Peter Lynch fair values are far above the current price. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.
Borrowers give up floating mortgages
“Given that at the time interest rate increases were on the horizon, being new buyers we wanted to get settled in before exploring other options.” It seems others have the same idea.
UPDATE 1-Canada trade minister: Can resolve Bombardier funding without WTO
Jan 27 Canada’s newly appointed Trade Minister Francois-Philippe Champagne said on Friday he has told Brazil he is open to resolving a feud over funding for jet maker Bombardier without turning to the World Trade Organization. Champagne told reporters he had discussed Bombardier with his Brazilian counterpart over dinner at the recent World Economic Forum in Davos.
Strong evidence of problematic conditions persists in real estate market: CMHC
Canada’s federal housing agency says strong evidence of problematic conditions continues to exist in the national housing market. Canada Mortgage and Housing Corporation says the most prevalent issues it has observed in the 15 markets it monitors are overbuilding and overvaluation, which occurs when house prices outpace economic fundamentals such as income and population growth.
Dow Jones Industrial Average Today Jumps as Traders Eye Earnings Reports and Trump Executive Orders
The Dow Jones Industrial Average today was ticking up as traders eye another busy round of earnings reports and more executive actions by President Donald Trump. World stocks hit a 19-month high overnight thanks to strong European earnings reports, improved Japanese trade data, and expectations that Trump will unleash a wave of economic stimulus to pay for a large infrastructure project.
M Thai Group plans B5bn plot
Mr Veraphong says the firm has been studying the feasibility of developing the area adjacent to Suvarnabhumi airport since 2012. After keeping a low profile for more than two decades, M Thai Group, a private Thai property developer, plans to invest 5 billion baht in residential projects on a 220-rai plot near Suvarnabhumi airport.
Homebuyers program could be boon for Chilliwack: MLA
As applicants begin to roll in to BC Housing from those looking to take advantage of the new first-time homebuyers program, one local MLA said the program could have a particular benefit to Chilliwack residents. That’s because it only applies to homes under $750,000, a high price locally but at the low end in places such as Metro Vancouver.
Building boom expected to ebb
New home construction in Kelowna surged an astounding 72 per cent in 2016, but it’s expected to fall back this year. “The pent-up demand has been satisfied to some extent, so 2017’s forecast definitely calls for a moderation from 2016,” said Canada Mortgage & Housing Corporation market analyst Taylor Pardy.
‘Buyers will find it tough to find something’ – Property expert on…
‘Buyers will find it tough to find something’ – Property expert on the 10pc house price jump forecast in next 18 months ‘Buyers will find it tough to find something’ – Property expert on the 10pc house price jump forecast in next 18 months ‘Buyers will find it tough to find something’ – Property expert on the 10pc house price jump forecast in next 18 months Economist at Trinity College, Ronan Lyons, predicts that house prices will continue to rise between 5pc and 10pc over the next 18 months.
Economy in doubt, Brits save
Britons are holding on to their cash in a sign that they may be hunkering down in the face of economic uncertainties, according to the British Bankers Association. Personal deposits grew an annual 4.8 percent in November, data compiled by the association show.
Economy in doubt, Brits save
Britons are holding on to their cash in a sign that they may be hunkering down in the face of economic uncertainties, according to the British Bankers Association. Personal deposits grew an annual 4.8 percent in November, data compiled by the association show.
Asia stocks mixed in muted session, dollar recovers some losses
Asian stocks were mixed on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays, while the dollar reclaimed its losses from Monday. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, with Australia and New Zealand closed for a holiday in lieu of Christmas.
Central bank chief urges Seoul to use st…
South Korea’s central bank chief publicly urged the Finance Ministry to use more aggressive expansionary fiscal policy next year to sustain growth, saying the era of monetary policy has nearly ended. His comments could lead to the Bank of Korea and the Finance Ministry each pushing the other to take on the burden of propping up the flagging Korean economy.
Spanish Banks Slide After ECJ Ruling Leaves Them Facing Hefty Payout
Bank stocks in Spain dropped Wednesday, as lenders faced the prospect of repaying billions of euros to borrowers after losing a European court case. The European Court of Justice decided that borrowers should be eligible for full reimbursements of excess interest payments on variable-rate mortgages.
Deutsche Bank chairman rules out pan-European merger -Frankfurter Allgemeine
Germany’s biggest lender last week announced a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. “At the moment the fantasy for a pan-European merger is muted as we have other priorities,” Achleitner told the weekly newspaper in an interview published on Saturday.