UK Property News Archive

  • Goodbye boom Guardian 7 April 2008 The credit crunch, which has been optimistically described as a financial sector problem, has hit home with a vengeance in the past few days, in the shape of a mortgage famine. Worried homebuyers have watched helplessly as attractive deals have been shut down because of huge demand, and at least 1.4 million people face the prospect of having to pay much more when their current cheap loans expire. Read more
  • Top ten tips for estate agents Telegraph 6 April 2008 This month, the Consumers, Estate Agents and Redress Act will come into force, effectively strong-arming the 50 per cent of estate agents who have not joined one of the government-backed voluntary schemes into signing up. Read more
  • Homes overvalued by 30 percent Finance Markets 4 April 2008 A report published this week by the International Monetary Fund (IMF) suggests that UK homes are overvalued by 30%. Read more
  • Bank of England predicts mortgage famine Daily Mail 3 April 2008 Top economists said today that interest rates could be slashed by up to two per cent over the next 18 months. Read more
  • House inflation rates fall Alex Coxall 3 April 2008 House price growth rate has slowed dramatically across the whole of the UK, reveals a report published today. Read more
  • Home owners in debt binge Evening Standard 2 April 2008 Homeowners have gone on a borrowing binge as cheap re-mortgaging deals dry up. Read more
  • UK taking steps against crunch, says Brown Bloomberg 1 April 2008 Prime Minister Gordon Brown said the U.K. government will help first-time homebuyers and take steps to combat a surge in credit costs, the latest effort to regain voters' confidence in his handling of the economy. Read more
  • Cats are bad for the environment Alex Coxall 1 April 2008 A study released today by the University of Sussex has shown that the households of cat owners are on average 20 percent less carbon efficient than normal. Read more
  • House prices fall but activity rises Finance Markets 1 April 2008 Hometrack, the housing intelligence specialist, has reported that UK house prices fell for the sixth month in succession in March, by 0.2%. The decline brings the annual rate of growth to 0.4%. Read more
  • Uk house prices decline for 6th month 31 March 2008 U.K. house prices fell for a sixth month in March as banks curtailed lending and consumers lost confidence in the property market, Hometrack Ltd. said. Read more
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