Gazunderers thrive as UK deals failBloomberg 14 May 2008 May 13 (Bloomberg) -- Max Andrews accepted an offer for his London apartment last December that was 16 percent less than his asking price, and then made a bid on another home. Read more
Government let slip pessimism 13 May 2008 The Housing Minister also admitted that “we can’t know how bad it will get” and told her colleagues that house-building was “stalling” – despite Government claims that they will rapidly accelerate the building of new homes across the country. Read more
Estate agent scam caught outGuardian 13 May 2008 An estate agent's novel way of coping with the property slowdown cost him rather more than he expected, a court heard yesterday. Mark Halls put up "sold" signs on carefully chosen empty properties which had nothing to do with him and had never been on the market, to give the impression that his firm was the one to watch. Read more
Home shortage limits fallGuardian 13 May 2008 A drop in house prices is being reported by almost every estate agent in Britain but a shortage of homes coming on to the market has so far limited the extent of the fall, the Royal Institution of Chartered Surveyors said today. Read more
Man faces losing nine homesReuters 12 May 2008 LOS ANGELES (Reuters) - A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market. Read more
Possession orders on the riseAlex Coxall 12 May 2008 Data released recently by the Ministry of Justice shows that possession order applications have risen nine percent in the first quarter of 2008, compared to the last quarter of 2007. Read more
Online property auctionsTelegraph 11 May 2008 So far, Graham Bartram and Brian Croucher have never met, and the chances are that they never will. One is a mature student living in Suffolk, the other a businessman living in Wiltshire; the only thing linking them is that Graham has recently sold Brian his four-bedroom house in Lowestoft. Via a week-long, online auction. Read more
HIP final roll-out delayedGuardian 8 May 2008 The government has delayed plans that require homeowners to produce a home information pack (Hip) before they put their property on the market, it was announced today. Read more
