Tag: market

Housing market: Seaside village ‘becoming no-go area for locals’

Image copyright Anthony Parkes Image caption Local councillors fear Morfa Nefyn’s appeal to second-home buyers is driving up prices Planning guidelines are actively working against efforts to provide homes for local people in Gwynedd, a local councillor has claimed. Gruff Williams said Morfa Nefyn was “slowly becoming a no-go area for local people to buy property”. He claimed the rules… Read more →

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First-time buyers: Four ways the property market ‘will be tougher’

Image copyright Getty Images Official forecasts predict a fall in UK house prices with the economy in recession and jobs being lost. First-time buyers may be rejoicing about the prospect of cheaper property. Yet a report by the Resolution Foundation suggests home ownership could become increasingly “out of reach” for this group of people. It comes as a survey of… Read more →

China’s Star market aims to take on the Nasdaq

Image copyright Getty Images Image caption China’s Star market launched a year ago this week in Shanghai The Star market, China’s answer to the Nasdaq, celebrates its first anniversary this week. The tech-heavy stock market was set up at the request of President Xi Jinping as relations with the US began to sour. Officially called the Shanghai Stock Exchange Science… Read more →

Tug of war over internal market

Image copyright Gannet77 Image caption The issue of who gets what powers post-Brexit is generating some friction Plans for a British internal market, post-Brexit, are causing a lot of constitutional friction, and there’s not much time to resolve disputes about the way it’s being set up. Much is being made of the ‘power grab’ or ‘power surge’ of which powers… Read more →

Coronavirus: Call to ‘cautiously reopen’ Wales’ housing market

Image copyright Getty Images Image caption More than half of all of Wales’ 16,500 homes on the market are sold subject to contract Calls for Wales’ housing market to “cautiously reopen” have been made to the Welsh Government after an 11-week hiatus during the coronavirus lockdown. Estate agents and lawyers want valuers to be allowed into unoccupied properties so sales… Read more →

Coronavirus: Market traders ‘feel abandoned’ over hardship fund

Image copyright Open source There has been a market at St George’s site in Belfast since the 1600s. It has survived world wars and The Troubles but will it survive coronavirus? Many small businesses forced to close in the pandemic had been hoping for financial help with the announcement of a micro-business hardship fund from the Northern Ireland Executive. But… Read more →

Coronavirus: Welsh ‘frustration’ as England’s property market restarts

Image copyright Getty Images Image caption The property market in Wales has been “paused” since lockdown started in March House buyers and sellers in Wales may “feel frustrated” the property market in England has restarted amid the coronavirus crisis, but not in Wales. Estate agents claim it is damaging to the Welsh economy that English sales can now progress due… Read more →