Articles (RSS)
BloglinesArchive for January, 2009
January Interest Rate Cut Comment
January 8th, 2009
Winkworth welcomes today’s decision to cut interest rates by 50 basis points. The cut takes base rate from 2% to 1.5% – the lowest level ever set by the Bank of England in its 315-year history.
Posted in Industry-related News, Property-related News, UK Market Comment, UK Press Releases
Winkworth Notting Hill Newsletter
January 1st, 2009
I am sure I was not alone in being pleased to see the end of 2008, a very difficult year for sellers in Notting Hill,where prices continued to fall and numbers of transactions dropped to unprecedented levels. The million dollar question is of course,will 2009 be any better? Well in general economic terms, there is little doubt that more difficult times are ahead, but there is strong argument to say that the Notting Hill sales market is likely to recover sooner than the broader economic climate might suggest.
Posted in UK Market Comment, UK Newsletters, Winkworth Office News
Winkworth Shepherds Bush Newsletter
January 1st, 2009
Anticipated, debated and by some, dreaded for years,Westfield shopping centre is finally with us. Here atWinkworth Shepherds Bush,we’ve been looking forward to this event for what seems like an age. Our franchisee, Ian Dickson, remembers the project being mooted as early as the mid- 1980’s, but one thing has remained consistent throughout the ‘will they/won’t they years’: the firm belief that the positive effects on both the local sales and lettings property markets would be colossal.
Posted in UK Market Comment, UK Newsletters, Winkworth Office News