UK house price growth 'slowing'
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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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Property prices are falling at rates not seen since the 1990s housing recession, surveyors warn.
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By Malcolm Moore, Economics Correspondent (Filed: 10/09/2004). The Bank of England held interest rates at 4.75pc yesterday after a series of recent surveys showed the housing market was slowing down.
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House prices grew by just 0.1% in August, their weakest in almost three years, the Nationwide said yesterday, providing further evidence that the house price boom has hit the buffers.
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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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Average house prices rose 3.2 percent in the second quarter from a year ago, representing the slowest appreciation in a decade, the Office of Federal Housing Enterprise Oversight said on Thursday.
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House prices will suffer a &quot;modest&quot; fall over the next couple of years, the Bank of England warned yesterday as it cut its forecast for economic growth.
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THE IMF&#39;s World Economic Outlook has warned of a possible sharp fall in UK house prices, based on interest rate rises priced into future markets, the market would probably slow down significantly in the next 18 months.
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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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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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WASHINGTON -- US home prices continued to rise in the second quarter but showed the biggest slowdown in three decades, federal regulators reported .
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UK house prices continue to rise in September but at a slower annual pace,  the Nationwide says - as the IMF warns high house prices threaten the economy.
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US house prices grew at the slowest rate in thirty years in the second quarter, according to a closely-watched report from the Office of Federal Housing Enterprise Oversight , providing further evidence of a cooling US housing market.
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UK mortgage lending grew at the slowest rate since January 2002, the British Bankers&#39; Association said, as higher interest rates and falling house prices deterred potential buyers.
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Government data shows UK house price inflation rose 13.8% in the year to November but economists expect to see a slowdown in the months ahead.
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The housing market will stagnate rather than slump, economists insisted after figures from the Halifax revealed a 1.1 per cent drop in prices last month.
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A government housing survey shows UK house prices fell by 0.7% between November and December.