Scots property market bucks trend
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The property market in Scotland is outperforming London, according to latest figures.
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The pound was on the backfoot against the dollar following the release of a survey by property website Hometrack, which showed yet more evidence of a cooling in the housing market.
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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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British Land bucked the trend as the London market failed to keep early gains.
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Sterling stabilised against the dollar in the wake of a series of data showing a slowing in mortgage lending in August -- further evidence that the housing market is cooling as higher interest rates take their toll.
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The dollar so far has brushed off  signs the U.S. property market could be overheating as house  prices keep rising quickly and consumer demand stays robust.
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Sterling softened after data released this morning by the British Banking Association provided further evidence that house prices are finally starting to cool.
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The sale of new single-family homes across the country rose by 9.4 percent in August, ending a two-month dip, the US Commerce Department reported yesterday.
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The brakes are still on as the Northern Ireland housing market slows up, the latest figures suggest.
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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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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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The buy-to-let property market is still booming, despite higher interest rates,a report says.
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Growth in the Scottish economy will continue its upward trend into next year, according to a report.
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A swathe of data from UK lenders backs up  claims that the UK property market is slowing down after its recent boom.
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Business & money: House prices in England and Wales increased by 9.1% in the year to April, one of the highest annual rises in two years.
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The number of homes on the market is big, and likely to get much bigger.
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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.