UK house prices retreat in August
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UK house prices fell by 0.6% in August as recent interest rate rises took hold, the Halifax says.
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House prices rose by just 0.2% in September as the market continued to show signs of slowing down. It follows a rise of just 0.1% during August, said the Nationwide Building Society.
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The pace of existing home sales fell   for a fifth straight month in August, hitting a 6.3 million   unit annual rate, according to a report from the National   Association of Realtors on Monday that was not as bleak as   economists had expected.
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The decline in prices of existing  single-family homes accelerated in August and fell at their  fastest pace since 1991, according to the Standard &  Poor's/Case Shiller national home price index.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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The CPI rate of UK inflation fell to 1.8% in August from 1.9% in July, official figures show.
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UK manufacturing output suffered a surprise fall in August, prompting concerns over that the sector's recovery may be on the wane.
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UK High Street spending growth slows in August, partly hit by wet weather, a British Retail Consortium survey finds.
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Home prices in Britain fell the most in three years in December, and the threat of more declines may cause the property market to seize up in 2008, said Hometrack Ltd., a London-based research group. The average cost of a home in England and Wales slipped for a third month, dropping 0.3 percent to Â£175,200 ($348,350). âThe second half of the year has seen a major reversal in confidence,â Richard Donnell, director for research at Hometrack, said in a statement. âJust as the financial markets have faced a liquidity squeeze, so the housing market is in danger of facing its own liquidity squeeze.â Prices increased 3 percent from a year earlier, the least in 18 months, Hometrack said.
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House prices in Scotland are falling more slowly than elsewhere in the UK, according to research.
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Consumer prices posted a rare decline in August while the battered housing industry saw construction fall to the slowest pace in 12 years.
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House prices dropped at their steepest rate for nine years this summer, according to a survey published today which provides one of the clearest indications yet that the housing market is in decline.
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INFLATION fell again in August, slipping further below the governmentâs 2 per cent target, driven down by clothing and footwear retailers failing to raise prices after a poor summer.
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UK house prices grew by 0.1% in August, the slowest monthly increase for almost three years, the Nationwide building society says.
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The rate of inflation has slowed in August, leading economists to predict that the Bank of England may soon look to cut interest rates.
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UK inflation accelerates to 2.5% in August, the latest figures from the Office for National Statistics show.
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Further evidence has been published that house prices are slowing down in England and Wales.