Share Name Share Symbol Market Type Share ISIN Share Description
Edcon Nm LSE:2016 London Ordinary Share ZAE000068649 EDGARS CONS STORES NM
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  +ZAC0.00 - - - - - - - - -
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Edcon Nm Share Discussion Threads

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More are saying what I'm saying ============= BREAKING
Hi Last month saw record lending as the 3% extra tax was about to kick in Now buyers are resting and worried about the breixt/et From the daily mail Property prices 9.2% higher in quarter to April than a year ago, Halifax say February and April saw smallest quarterly increase since autumn Average discount on asking prices increased to £25k, Zoopla suggests By JANE DENTON FOR THISISMONEY PUBLISHED: 11:20, 9 May 2016 | UPDATED: 11:49, 9 May 2016 6 shares 76 View comments The pace of property price rises across Britain has slowed as confidence wanes, the latest monthly Halifax housing index suggests. Property values in the three months to April were 9.2 per cent higher than in the same period a year earlier, marking the smallest annual increase since November 2015. A separate report by Zoopla also reveals the average discount on original asking prices increased to around £25,000 last month, which is £4,000 more than recorded in January. Low confidence: The pace of property price rises across the UK has slowed, as confidence in the sector wanes, Halifax said +5 Low confidence: The pace of property price rises across the UK has slowed, as confidence in the sector wanes, Halifax said Between February and April, average property prices across the UK increased by 1.5 per cent on the previous quarter, marking the smallest rise since last autumn, Halifax - one of Britain's biggest lenders - said. From March to April, house values fell 0.8 per cent, with consumer confidence in the market falling to its lowest for over a year, Halifax said. This is the second monthly fall this year - in February, prices dipped 1.5 per cent. As a result, the average property price is £212,321 compared to the record £213,945 recorded in March. RELATED ARTICLES Previous 1 Next Fears that Britain is on brink of fresh downturn triggers... What I wish I'd known when buying my first home: 18 tips and... Now homeowners can repay their mortgage until the age of 85!... ELEANOR HUSSEY AND PARTNER JOSH BEST FROM FARNBOROUGH, HAMPSHIRE, ARE SAVING FOR A DEPOSIT ON A HOUSE.©RUSSELL SACH - 0771 882 6138 'We signed up to a Help to Buy Isa': How to build up a... SHARE THIS ARTICLE Share Martin Ellis, housing economist at Halifax, said: 'Current market conditions remain very tight as the severe imbalance between supply and demand persists. 'This situation, combined with low interest rates and rising employment and real earnings, should continue to push house prices up over the coming months. 'Weakening sentiment regarding house price prospects and a dip in consumer confidence, however, suggest that annual house price growth may ease.' The volume of mortgage approvals for house purchases – a leading indicator of completed house sales – dropped by 2.5 per cent between February and March. This suggests the number of new buyers seeking to complete ahead of the stamp duty surcharge introduced last month had already begun to ease off, Halifax suggests. Rises: Between February and April, average property prices across the UK increased by 1.5 per cent on the previous quarter +5 Rises: Between February and April, average property prices across the UK increased by 1.5 per cent on the previous quarter Changes: UK house price growth since April 2015, according to Halifax +5 Changes: UK house price growth since April 2015, according to Halifax Demand continues to outstrip demand, with new instructions from sellers falling in March and stock levels currently around 20 per cent lower than a year ago. Across the country, property sales jumped from 116,930 in February to 165,480 in March, the highest monthly total since records began in April 2005. While confidence in the sector has taken a dip, 65 per cent still believe that average property prices will be higher rather than lower 12 months from now, Halifax said. Howard Archer, IHS Global Insight's chief European and UK economist, said: 'April's dip in house prices reported by the Halifax was likely largely the consequence of some of the wind being taken out of the housing market by stuttering UK economic activity and confidence, as well as a marked waning of interest from the buy-to-let and second home sectors following the rush to beat April's stamp duty increase.' Discount: Buyers looking for a discount on a home should head to Barnet, Zoopla said +5 Discount: Buyers looking for a discount on a home should head to Barnet, Zoopla said Separate data published by Zoopla today suggest that sellers are beginning to slash bigger chunks off their original asking prices, leaving buyers more wiggle-room to negotiate a discount. The average discount on the original asking price of a property across the UK is now over £25,000, an increase of nearly £4,000 compared with the typical discount in January, Zoopla said. TOP 10 AREAS WITH BIGGEST REDUCTIONS IN ASKING PRICES 1. Barnet, 10.82%, £120,969 2. Coventry, 10.43%, £27,320 3. Salford, 10.39%, £16,634 4. Haverfordwest, 10.14%, £25,208 5. Blackpool, 9.59%, £15,202 6. Bishop Auckland, 9.58%, £14,391 7. Hull, 8.95%, £11,889 8. Hartlepool, 8.9%, £14,334 9. Oxford, 8.71%, £39,890 10. Romford, 8.49%, £36,529 Average reduction in percentage and cash terms. Source: Zoopla London buyers looking to get a knock-down price may want to head for Barnet - which has the biggest average price discounts across the UK, according to Zoopla. Other areas potentially offering buyers sizable discounts include Coventry, Salford and Haverfordwest, the findings suggest. Meanwhile, prices at the upper end of the property market also appear to be holding firmer than those elsewhere. Less than one in four homes with an asking price of more than £1million have been reduced since they were listed, compared with the general average of 29 per cent. Lawrence Hall, a spokesman for Zoopla, said: 'The rise in the average discount to over £25,000 should be welcome news for aspiring home owners looking to get a foot onto the property ladder. 'Despite increasing house prices across the country, there's clearly still space for negotiation.' Ratio: House price earnings ratio since March 2001, according to Halifax +5 Ratio: House price earnings ratio since Read more: Follow us: @MailOnline on Twitter | DailyMail on Facebook
It's coming This is why our son is holding fire on purchase. DYOR
The media is now moving towards my predictions ie a pice decrease in property prices as landlords, second home buyers beat the extra tax deadline. New budget proposals want those with more than 10 properties to pay the extra tax now. The new tax will negatively impact prices. If/when we sell our retal property/s we won't bother buying another because of new taxes and government interference and more expected. The real crash in property will come when rates rise as in london I think the average newer borrowings are in excess of 300k and 2% on a 25 yr mortage will break thousands. ATB, DYOR consult a specialist before action.
Breaking: From =============== We are hoping to buy another proeprty withing the nex few weeks as prices head south and then hold out for a few years for a good profit, heopfully =========== Surveyors expect a drop in property sales from next month when an extra three per cent tax on landlords and second home buyers takes effect. The Royal Institution of Chartered Surveyors (Rics) sent out a warning the tax changes were to have a major impact. Rics chief economist, Simon Rubinsohn, said: "It is inevitable that over the coming months, April's stamp duty changes will take a little of the heat out of the investor market." The survey showed house prices across the country broadly increased in February, with buyers rushing to beat the end of March deadline to complete. But in London values failed to rise, and for the first time in a year more surveyors now think house price will drop in the capital over the coming three months. At an average £530,409 prices in the capital are almost three times the national average of £191,812. Rics' report said: "Anecdotal evidence suggests tax changes, concerns over Brexit and global economic uncertainty are all taking their toll on buyer sentiment.............. fulll atricle in the
Looking at property prices today, looks like they are coming off the boil
Hi 'How Zero interest rates could actually raise mortages." See below full articel Many thanks C& ===================== 11 MARCH 2016 • 9:30AM Until late last year the expectation was that the next move by the Bank of England would be to push the Bank Rate up. But sentiment has swung so far that now the market expects, if anything, the rate to fall. At 0.5pc (where it's been since early 2009) there is not much room for reduction, so there are growing talks of Bank Rate dropping towards zero. Bank of England officials have insisted there is no suggestion that our Bank Rate could drop below zero, but that is what has happened in other countries - and it remains a possibility here. Predictions on rates, markets and more: get our weekly newsletter Negative rates are already in place in Switzerland, Sweden and Japan. And on Thursday the ECB cut its main Eurozone rate from 0.05pc to 0pc. So far the spiralling economic confidence has resulted in household mortgage rates falling for borrowers in Britain. This fall has been hastened by increased competition between banks to capture business. The graph, below, shows the dramatic plunge in two-year fixed DYOR
From the BBC - A much respected news source: ==================== The pace of house price rises will slow when tax changes "take the heat out" of interest from investors, surveyors suggest. The Royal Institution of Chartered Surveyors (Rics) predicted that the UK housing market will slow down over the next three months. In April, landlords and second home owners face a 3% stamp duty surcharge on new purchases. This would slow price rises, Rics said, but only in the short-term. Surveyors still expect house prices to rise by 25% over the next five years. 'Surge' "Over the past three months, we have witnessed a surge in buy-to-let activity," said Simon Rubinsohn, Rics chief economist. "Investors have rushed to purchase homes before the stamp duty surcharge comes into effect. It is inevitable that over the coming months, April's stamp duty changes will take a little of the heat out of the investor market. "While there remain significant doubts as to whether the government's plans to encourage a more robust development and construction pipeline will be sufficient to address the housing crisis, long-term price indications for the housing market remain strong." East Anglia saw the most widespread house price rises in February, Rics suggested. Other surveys have suggested a pick-up in activity by landlords ahead of the stamp duty rises, but there is some disagreement among commentators over what effect this is having on the UK housing market as a whole.
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