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...Tim Gardner, policy expert at the Health Foundation think-tank, said this came with a price to the NHS in terms of the “opportunity cost of staff time”....
...“The slowdown likely reflects ongoing affordability pressures, with longer term interest rates rising in recent months, reversing the steep fall seen around the turn of the year,” said Robert Gardner, Nationwide...
...Robert Gardner, Nationwide’s chief economist, said: “Activity has picked up from the weak levels prevailing towards the end of 2023 but remains relatively subdued by historic standards.”...
...Robert Gardner, chief economist at lender Nationwide, said that, relative to the national average, London house prices had been “trending lower” since 2016....
...Prices rose 0.7 per cent from January, taking the average property price to £260,420....
...Nationwide chief economist Robert Gardner said: “There have been some encouraging signs for potential buyers recently with mortgage rates continuing to trend down.”...
...in 2024 appears unlikely”, Gardner said....
...Robert Gardner, Nationwide’s chief economist, noted “a significant change” in market expectations for the future path of interest rates “which, if sustained, could provide much needed support for housing...
...Robert Gardner, Nationwide’s chief economist, said: “There have been some encouraging signs for potential buyers recently with mortgage rates continuing to trend down.”...
...“These price falls are due to a shift in the supply-and-demand balance”, said Edward Gardner, commodities economist at Capital Economics....
...Despite the rise in prices in October, housing market activity “has remained extremely weak”, said Gardner....
...Robert Gardner, Nationwide’s chief economist, said the data for November remained “weak” compared with this time last year....
...Robert Gardner, Nationwide’s chief economist, said the uptick in October most likely reflected the “constrained” supply of properties on the market....
...“Even though house prices are modestly lower and incomes have been rising strongly, at least in cash terms, this hasn’t been enough to offset the impact of higher mortgage rates,” said Robert Gardner, Nationwide...
...The reassessment of interest rate expectations “has put downward pressure on longer term interest rates which underpin fixed rate mortgage pricing”, said Gardner....
...“Gas prices have risen due to lower supply, but, arguably more importantly, risks to supply,” said Edward Gardner, a commodities economist at Capital Economics, in a note on Thursday....
...Robert Gardner, Nationwide’s chief economist, said the rise in borrowing costs “has resulted in activity in the housing market running well below pre-pandemic levels”....
...Robert Gardner, Nationwide’s chief economist, said the rise in borrowing costs “has resulted in activity in the housing market running well below pre-pandemic levels”. Read more on house prices here....
...The cuts “have been simply resulting in a lower market share from Opec+”, said Edward Gardner, a commodities economist at Capital Economics....
...Baldy said BYD had met Sigma’s chief executive Ana Cabral Gardner in São Paulo last month, but declined to give more details about the talks, citing a confidentiality agreement....
...Data from the BoE on Monday, which showed a slight rise in mortgage approvals in June, was driven by activity that predated the more recent rise in longer term interest rates, Gardner said....
...Despite the immediate difficult prospects, Gardner did not predict a deep downturn in house prices because employment levels were high and household finances were generally healthy....
...However, Robert Gardner, Nationwide’s chief economist, said he expects that the sharp increase in borrowing costs “is likely to exert a significant drag on housing market activity in the near term”....
...Last month UK house prices unexpectedly rose, ending seven consecutive months of decline....
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