Property prices slow down
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The Land Registry confirms the housing market slowed down in the last quarter of 2004.
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WASHINGTON -- Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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The housing market has peaked but is not heading into the abyss, analysts said today, as figures showed property price falls for the fourth consecutive month.
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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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Business & money: Housing industry figures show market has started to cool in second half of year.
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WASHINGTON -- Sales of existing homes dropped for a fifth straight month in July, falling to the slowest pace in nearly five years, while home prices fell for a record 12th consecutive month.
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OUSE prices have fallen for the second month running. Rising interest rates and warnings that the market is overheated have apparently left buyers running scared.
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The pound was on the backfoot against the euro as further evidence emerged of a slowdown in the housing market.
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House price inflation appears to have reached a plateau, according to government statistics.
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New figures suggest buying to let - a phenomenon of the housing boom - could be waning.
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The release of existing-home sales numbers on Thursday highlight a slow week for economic data.
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House prices fell for the second month running during August as the market continued to feel the effects of rising interest rates, figures show.
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Business & money: Sixth successive month of price falls, and mortgage lending at two-year low despite rate cuts
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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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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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Housing starts plunged in January to the slowest pace in more than nine years as the latest government reading on the battered housing market came in much weaker than forecasts.
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The brakes are still on as the Northern Ireland housing market slows up, the latest figures suggest.