House prices 'set for slowdown'
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The UK's rampant house price inflation is likely to slow down dramatically in the next year or two, a report says.
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City fears that the Bank of England's rescue package could herald slide in house prices.
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The I.M.F. said a cooling housing market is likely to trigger a slowdown in the United States economy and abroad.
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The housing crisis and high oil prices may cause a slump, analysts warn.
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House prices dropped at their steepest rate for nine years this summer, according to a survey published today which provides one of the clearest indications yet that the housing market is in decline.
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UK house prices continue to rise in September but at a slower annual pace,  the Nationwide says - as the IMF warns high house prices threaten the economy.
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US house prices grew at the slowest rate in thirty years in the second quarter, according to a closely-watched report from the Office of Federal Housing Enterprise Oversight , providing further evidence of a cooling US housing market.
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The rate of inflation has slowed in August, leading economists to predict that the Bank of England may soon look to cut interest rates.
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UK house prices fell by 0.6% in August as recent interest rate rises took hold, the Halifax says.
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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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The housing market will stagnate rather than slump, economists insisted after figures from the Halifax revealed a 1.1 per cent drop in prices last month.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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House prices in Scotland are falling more slowly than elsewhere in the UK, according to research.
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Further evidence has been published that house prices are slowing down in England and Wales.
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UK house prices grew by 0.1% in August, the slowest monthly increase for almost three years, the Nationwide building society says.
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The U.S. economy can weather a   slowdown in the housing sector as rising incomes and business   investment offer support, Federal Reserve officials said on   Wednesday as they pointed to inflation risks.
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House price growth slowed in August, with London seeing the lowest increases in prices, government figures show.