Halifax sees house prices slowing
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The UK's biggest mortgage lender, the Halifax, says house prices fell by 0.5% in October.
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Signs of a housing slowdown are now beginning to surface across the UK as a fall in the number of new buyers has now created a surplus of properties, suggests the latest Hometrack house price survey.
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UK house-price inflation slowed for a second month in August, suggesting higher borrowing costs are deterring buyers, a survey by property Web site Hometrack showed.
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Business & money: George Wimpey and Taylor Woodrow warned this morning that they expect the housing market to slow over the coming months.
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Halifax, the UK's biggest mortgage lender, says house prices rose 1% in August.
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The Massachusetts housing market will remain in a slump, and by the time it hits bottom about a year from now, prices will have dropped 14 percent from the peak in 2005, according to an economic forecast released yesterday.
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Property prices in the UK are falling to an extent not seen since the 1990s housing recession, warn surveyors.
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A swathe of figures have provided further evidence of a slowdown in the UK property market. The Council of Mortgage Lenders (CML), British Bankers Association (BBA) and Building Societies Association (BSA) all said mortgage lending was slowing.
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House prices in Scotland are falling more slowly than elsewhere in the UK, according to research. The Royal Institution of Chartered Surveyors&#39; housing market survey showed UK prices had fallen at their steepest rate for nine years.
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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The average house price in the UK has almost reached Â£200,000, according to the latest survey from the Halifax.
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Further evidence has been published that house prices are slowing down in England and Wales.
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House prices fell for a second straight month in November, down 0.4 percent, mortgage lender Halifax says, predicting property prices will fall 2 percent in 2005 after nine years of gains.
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LONDON (CBS.MW) -- Activity in the UK housing market is continuing to slow, according to data from two major market participants, though a surprise 1 percent rise in house prices in November helped to offset immediate fears of a market crash.
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UK house prices are still rising strongly despite recent interest rate rises, the Halifax says.
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Housing activity has slowed from  recent years but the dragdown should not lead to a recession,  mortgage finance company Freddie Mac  said on Thursday  in its monthly economic outlook.
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The housing market is slowing as higher interest rates bite, says the Royal Institution of Chartered Surveyors.