UK house prices 'fell in October'
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House prices in the UK fell slightly in October says the Department for Communities & Local Government.
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House prices rose by just 0.2% in September as the market continued to show signs of slowing down. It follows a rise of just 0.1% during August, said the Nationwide Building Society.
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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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Reports said construction spending also fell sharply in October, pointing to a slowdown in the economy.
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An index measuring changes in UK house prices fell in the three months through November to the lowest since December 1992, suggesting a decline in the nation&#39;s property market is deepening.
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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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NEW YORK -- U.S. home prices fell in October for the 10th consecutive month, posting their largest monthly drop since early 1991, a widely watched index showed on Wednesday.
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Sales of existing homes edged down 0.1 percent in October, but low mortgage rates continued to contribute toward what might become a record year in home sales, a trade association report showed on Tuesday.
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LONDON British house prices fell in August, indicating that five interest rate increases since November have started to slow property demand.
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HOUSE prices are falling at their fastest rate for nine years, according to one of the country&#39;s most influential property studies.
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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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Business & money: House price inflation in UK last month eased to its lowest level since March, mortgage lender says.
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British retail sales fell in October for the first time for three months, official figures showed, raising worries about a subdued start to the crucial Christmas trading period.
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The UK property market slowdown continued in November, according to the latest government figures.
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YET more evidence emerged yesterday that British interest rates have either peaked, or are extremely close to doing so. House prices fell at their steepest pace in nine years in the three months to September.
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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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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