UK house prices predicted to fall next year
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A leading British mortgage lender predicted Friday that house prices in the country will fall two percent next year after nine years of strong gains.
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House prices in England and Wales fell slightly in August, according to figures from property research company Hometrack, offering another sign the market may be cooling in the face of higher interest rates.
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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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House prices fell for the third month in a row during January, the Nationwide building society says.
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House prices in U S metropolitan areas may decline by more than 10 percent in the months and years ahead as higher borrowing costs hurt demand, a study by a Moody's Corp. unit shows.
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A Bank of England rate-setter warns that a downward spiral of falling house prices threatens the economy.
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Halifax says price of average home fell 1.1 per cent last month. Bank not expected to act until next year. By Philip Thornton, Economics Correspondent.
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Sales of existing homes are predicted in a Bloomberg News poll of economists to show a decline on Monday.
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House prices across the UK will come to a virtual standstill in 2005, the Nationwide Building Society predicted today. The lender said that property prices in Britain look set to rise by just 2% across the year, compared to a rise of 13% in 2004.
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House prices in England and Wales fell slightly in August, property research company Hometrack says, offering another sign the market may be cooling in the face of higher interest rates.
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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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The average price of houses in England and Wales has fallen by nearly Â£4,000 in five weeks, new figures suggest.
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There is a one in 10 chance of a 1990s-style housing market crash, the Royal Institution of Chartered Surveyors says.
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House prices in England and Wales dropped 0.4% in December, according to the Land Registry.
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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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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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UK house prices are "coming off their peaks" and may fall by 20% in the next three years, Barclays Bank says.