UK Property News Archive

  • Gloomy prospects for UK market FT 20 June 2008 John Paulson, the US hedge fund manager who made a fortune for his investors by anticipating the debacle in subprime mortgages, said yesterday it was too early to look for bargains in the financial sector and predicted the worst was yet to come for the UK housing market. Read more
  • Home buyers remain wary WSJ 18 June 2008 LONDON -- Property investor Amjad Raja surveyed the rows of empty seats on the second day of what was billed as the United Kingdom's biggest-ever residential-property auction. Read more
  • New homes halted Argus 13 June 2008 People power has put a halt to 120 new homes on the outskirts of a rural Sussex village. Read more
  • CML plans to sharpen lending practices Finance Markets 11 June 2008 The Council of Mortgage Lenders (CML) has published plans that will sharpen up lending practices in relation to new homes. Read more
  • Recession fears as buyer evaporate Guardian 10 June 2008 Britain's estate agents warn today that a collapse in activity in the housing market could spread to the rest of the UK economy amid signs that rising inflationary pressure will force the Bank of England to increase the cost of borrowing this year. Read more
  • Halifax records 2.4% drop in May Finance Markets 9 June 2008 The decline in UK house prices continues with Halifax, the country’s largest mortgage lender, recording a 2.4% decrease in May. Read more
  • Traders predict 50% fall in two years Guardian 9 June 2008 The slide in house prices will continue for at least three years and crush the value of a home by almost 50% in real terms, according to a key index of property price futures. Indications from futures trading on long term property prices shows that the average UK home will recover its current value only in 2017. Read more
  • Average house price falls £8000 Guardian 30 May 2008 The average price of a home in Britain has fallen by £8,000 over the past year, marking the longest and steepest decline in the property market since the crash of the early 1990s, the Nationwide Building Society said yesterday. Read more
  • Brighton happiest place to live Argus 30 May 2008 Brighton is the happiest place to live in the UK, according to a survey published today. Read more
  • Nationwide report fastest fall since 1991 Guardian 29 May 2008 The decline in the housing market accelerated this month with prices falling at their fastest rate since the recession of the early 1990s. Read more
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