No seasonal lift for house market
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A swathe of data from UK lenders backs up  claims that the UK property market is slowing down after its recent boom.
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UK house price growth slowed on an annual basis for a second month in September as five interest rate rises since November curbed consumers&#39; confidence, Nationwide Building Society said.
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A government housing survey shows UK house prices fell by 0.7% between November and December.
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Turmoil in credit and housing has obscured a rise in prices.
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Business & money: Housing market slows as mortgage approvals fall.
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New single-family home sales fell 4.7 percent in December to its lowest rate in nearly 13 years while the median sales price dropped sharply and the inventory of unsold homes climbed, according to a government report on Monday that delivered more grim news for the battered housing sector.
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Stocks ended little changed on Friday as weak new home sales data reinforced concerns that the housing and mortgage markets may be far from a recovery, offsetting gains in the energy sector.
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New single-family home sales fell  4.7 percent in December to its lowest rate in nearly 13 years  while the median sales price dropped sharply and the inventory  of unsold homes climbed, according to a government report on  Monday that delivered more grim news for the battered housing  sector.
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New home sales posted the biggest drop on record in 2007, according to the government's latest look at the battered housing market released Monday, as a year that saw a meltdown in the mortgage market and a drop in home values ended with yet more signs of weakness.
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US home prices at record levels don&#39;t signal a national price &#39;&#39;bubble&#39;&#39; because low mortgage rates and prospects for improved job growth will help sustain demand, housing-industry economists said.
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THE British love affair with property shows no sign of abating. Warnings of a slowdown of the market only serve to force investors further and further afield in their search for the best bargains.
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The annual rate of house price growth falls, despite a slight price gain in December, government figures show.
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House prices in Britain fell at their steepest pace in nine years in the three months to September,adding to evidence that the property market is cooling and decreasing the possibility
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There is no strong evidence that house prices will fall, the International Monetary Fund (IMF) has said. Higher interest rates might slow the growth of house prices, but the IMF does not see a fall in house prices, it said in its biannual report.
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Mortgage approvals in the UK slumped to a record low in December according to figures published yesterday, signalling grim times ahead for the weakening property market in Britain
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UNITED KINGDOM - The process of property market weakening has been recently observed due to declining mortgage lending for the last two months in a row in the UK.
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The pound has remained on a back foot after a surprise fall in retail sales and house price growth this morning.