UK home prices fall for second month
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UK property prices fell for a second month in a row in December, the Nationwide building society says.
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British retail sales volumes fell for a second month running in November and to the weakest level since March, a survey showed on Thursday.
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HOUSE prices fell at their sharpest rate for four years in October, producing further evidence that the Bank of Englandâs interest rate hikes have ended the property boom.
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The number of mortgage approvals for home buying fell again in December, the Bank of England says.
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A survey of the West Midlands housing market has uncovered further evidence of an impending slowdown, including a two per cent fall in the number of properties changing hands.
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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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British retail sales volumes fell for a second month running in November and to its weakest level since March, a survey showed on Thursday.
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Business & money: House prices fell in January for the third month in a row, according to a report by Rightmove
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UK inflation slowed to 2.5% in May, the weakest in seven months, as gas and electricity prices fell.
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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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Sales of new US homes plunged in July for the second straight month, data showed, a sign of chillier demand cooling the once red-hot market.
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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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Banking giant Halifax today said that house prices would fall by 2% fall next year and that interest rates had peaked. Its negative outlook for the property market is in contrast to the 2% rise predicted by
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The number of new mortgages being approved for home buying fell again in November.
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House price growth continued to show signs of slowing down during September the latest figures have shown. The average cost of a home increased by 0.2 per cent during the month, following growth of only 0.1
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The number of loans for house purchases fell by 35 per cent in October compared with the same month last year, providing further evidence of a slowdown in the housing market.
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UK house prices fall by 0.4% in October, the Nationwide building society says, the biggest decline since February 2001.