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...Robert Gardner, chief economist at lender Nationwide, said that, relative to the national average, London house prices had been “trending lower” since 2016....
...How Big Things Get Done: The Surprising Factors Behind Every Successful Project by Bent Flyvbjerg and Dan Gardner (Macmillan/Currency) From the Sydney Opera House to the UK’s HS2 rail line, “megaprojects...
...and uses of six minerals that underpin the modern world; Walter Isaacson’s Elon Musk, a biography of one of the highest-profile proponents of a “fail fast, fail often” philosophy; Bent Flyvbjerg and Dan Gardner...
...Andrew Wishart, an analyst at the consultancy Capital Economics, said it was “increasingly likely house prices avoid falls altogether next year”, helped by ongoing demand from cash buyers, limited forced...
...“Demand continues to be supported by strong labour market conditions,” said Robert Gardner, Nationwide’s chief economist....
...The period of nominal house price falls “is now behind us”, said Andrew Goodwin, chief UK economist at Oxford Economics....
...How Big Things Get Done: The Surprising Factors Behind Every Successful Project, from Home Renovations to Space Exploration, by Bent Flyvbjerg and Dan Gardner, examines the way megaprojects almost invariably...
...“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...
...Robert Gardner, Nationwide’s chief economist, said the data for November remained “weak” compared with this time last year....
...But Flyvbjerg and Gardner also manage to extract valuable lessons about how to plan, forecast and execute any size of project, be it a kitchen remodelling or a high-speed trainlink....
...Andrew Wishart, senior property economist at Capital Economics, said that with mortgage rates set to remain between 5.5 per cent and 6 per cent for the next 12 months, and second-hand supply on the market...
...Bent Flyvbjerg and Dan Gardner draw on the former’s comprehensive studies of the fate of megaprojects — most of which run over time and over budget — in How Big Things Get Done: The Surprising Factors Behind...
...Andrew Gardner, chair of Ineos Grangemouth, said that the Labour opposition’s plans to stop new exploration licences in the North Sea if it wins power could increase reliance on imports....
...Robert Gardner, Nationwide’s chief economist, said the sharp increase in borrowing costs was “likely to exert a significant drag on housing market activity in the near term”....
...Robert Gardner, Nationwide’s chief economist, added that the lender expected the housing market to remain subdued in the near term....
...The UK housing market reached “a turning point” last year, said Gardner, as a result of the financial market turbulence which followed the “mini” Budget....
...Flyvbjerg and co-author Gardner succeed in extracting valuable lessons from these failures — and some occasional successes. Architect Frank Gehry emerges as a rare megaproject hero....
...“It will be hard for the market to regain much momentum in the near term since economic headwinds look set to remain relatively strong,” Gardner said....
...Andrew Bailey, Bank of England governor, said he now expected “modest, but positive growth” this year....
...Andrew Wishart, senior property economist at Capital Economics, said that with the cost of buying a home “exceptionally high”, a significant fall in mortgage rates and a 12 per cent drop in house prices...
...Andrew Wishart, economist at the consultancy Capital Economics, said that he expected prices to contract by 12 per cent as “the jump in interest rates takes its toll” on the property market....
...“He had an intense and unwavering view of the region’s hard power realities, of the sweep of history,” says Andrew Gowers, who did the job himself before becoming FT editor....
...“We expect the market to slow further as pressure on household budgets intensifies in the coming quarters,” said Nationwide’s Gardner....
...Andrew Wishart, economist at Capital Economics, forecast that house prices would fall 3 per cent in 2023 and 1.8 per cent in 2024, squeezed by inflation and higher mortgage rates....
...“The biggest worry is having a satellite in a clean room not doing anything,” said co-founder Andrew Bacon. “While satellites are on the ground, we are not learning.”...
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