House Price Crash news blog

Independent.co.uk Business News Quarter point won't halt house price escalator

posted by Webmaster @ 8:12 AM

Tuesday, March 30, 2004

Yahoo! News - House Prices Threaten Economy Says Researcher Unsustainable price increases in the housing market represent the biggest internal threat to the economy, according to Colin Hunt, head of research at Goodbody Stockbrokers

posted by Webmaster @ 10:52 PM

BBC NEWS | Business | Spring signals new housing boom UTTER MADNESS: Nationwide said it expected house prices to rise by 15%, rather than 9% it originally estimated at the beginning of the year.

posted by Webmaster @ 11:29 AM

Monday, March 29, 2004

BBC NEWS | Business | Consumer debt jumps in February: "Mortgage lending increased by its largest amount in four months to £25bn according to the Bank of England. "

posted by Webmaster @ 1:51 PM

BBC NEWS | Business | UK housing now worth £3 trillion "The value of the UK's housing stock has almost doubled in the past five years to £3 trillion, a new report indicates. "

posted by Webmaster @ 8:03 AM

Sunday, March 28, 2004

Scotsman.com Business - Economy - Heat is on as the bank boils frogs "There is a limit to which it can push up interest rates without stretching the credibility of monetary policy to breaking point."

posted by Webmaster @ 3:22 PM

Saturday, March 27, 2004

Telegraph | Opinion | Cheer up, Mr Howard, interest rates will rise: "...the Bank is worried about the continuing rise of house prices and household debt levels.
"

posted by Webmaster @ 8:22 PM

Friday, March 26, 2004

FT.com / Your home: "The probability of an interest rate rise next month increased on Thursday after the governor of the Bank of England said the monetary policy committee was in favour of 'acting early' to keep inflation in check."

posted by Webmaster @ 10:36 PM

BBC NEWS | Business | Export hope in trade-balance fall The Office for National Statistics (ONS) said the quarterly deficit narrowed to £5.2bn, down from £6.3bn.

posted by Webmaster @ 12:49 PM

Thursday, March 25, 2004

Bloomberg.com: U.K. Bank of England Governor Mervyn King said the buildup in household debt may curb consumer spending without causing a slump.

posted by Webmaster @ 4:20 PM

Wednesday, March 24, 2004

BBC NEWS | Business | Bankruptcies up almost one-third: The number of bankruptcies increased from 21,611 in 1999 to 28,017 in 2003 - a rise of almost 30%.

posted by Webmaster @ 9:08 PM

BBC NEWS | Business | Revenue weighs credit card option The government is worried about the high level of personal debt but at the same time they are quite happy to entertain the idea of letting people pay off their tax bills with a credit card!

posted by Webmaster @ 1:31 PM

Tuesday, March 23, 2004

ThisisLondon: "Diary of a first-time buyer" I am tired of paying rent on a one-bedroom flat in Bayswater.

posted by Webmaster @ 9:21 PM

Reuters | Latest Financial News / Full News Coverage: "Housing market crash predicted"

posted by Webmaster @ 7:54 AM

Monday, March 22, 2004

BBC NEWS | Business | Tough times for first-time buyers: "The First Time Buyer Report also said 50% are paying debts while struggling to raise the deposit for a first home. "

posted by Webmaster @ 7:53 AM

Sunday, March 21, 2004

BBC NEWS | Business | Are we ready for housing reform?: "'Unfortunately, the current house price boom will play itself out as it has done with painful results three times in the last 20 years,'"

posted by Webmaster @ 9:19 PM

Headline news from Sky News House prices may be too high to stay at their current levels, the Bank of England is warning.

posted by Webmaster @ 6:09 PM

BBC NEWS | Politics | Taxes 'will rise after election': "Tax rises are inevitable if Labour wins the next election, according to an influential group of economists. "

posted by Webmaster @ 12:03 PM

Saturday, March 20, 2004

BBC NEWS | Business | UK High Street sales hold steady UK retail sales held steady in February with a rise in food sales cancelling out a drop in non-food items.

posted by Webmaster @ 8:26 PM

Friday, March 19, 2004

BBC NEWS | England | Devon | Villagers facing mass evictions: "angry villagers say they cannot afford to buy and claim the way they have been treated is feudal."

posted by Webmaster @ 11:58 AM

Reuters | Latest Financial News / Full News Coverage "Interest rates could head up next month"

posted by Webmaster @ 7:46 AM

Thursday, March 18, 2004

BBC NEWS | Business | Mortgage lending hits year lows Lending to property buyers also dipped £200m to £9.8bn, but the CML said it was too early to say if this signalled that consumer debt was cooling.

posted by Webmaster @ 2:09 PM

Great budget Mr Brown.

We think Mr Howard got it right when he said that it was "...a credit card budget from a credit card chancellor"

posted by Webmaster @ 7:59 AM

Wednesday, March 17, 2004

It's Budget Day. What will the chancellor do to help first time buyers? It is widely predicted that the 0% stamp duty threshold will be raised from £60,000 to £120,000 but as this figure is below the average house price it won't do a lot of good!

We think that the chancellor should tax the Buy-To-Let market heavily which will take the steam out of the housing market without using interest rates.

posted by Webmaster @ 7:39 AM

Tuesday, March 16, 2004

BBC NEWS | Business | Fed keeps interest rates on hold: "As expected, the US Federal Reserve has voted to keep interest rates on hold for the eighth time in succession. "

posted by Webmaster @ 8:40 PM

Times Online - Latest news: "Inflation fell unexpectedly last month as clothing stores, facing weak market conditions, extended their seasonal sales."

posted by Webmaster @ 2:10 PM

NEWS.com.au | Get ready for bubble to burst It's not just the UK that has house price crash worries.

posted by Webmaster @ 8:04 AM

Monday, March 15, 2004

House prices jump in March: "the average asking price in the expensive London borough of Kensington and Chelsea is now down nearly 21 percent year-on-year."

posted by Webmaster @ 10:12 AM

BBC NEWS | Business | House price rise as buyers return "Prices in the capital were up by 2%, following the previous month's increase of 4.1%. The average cost of a home in London is now £275,459."

posted by Webmaster @ 9:19 AM

Sunday, March 14, 2004

Moneywise - Britain's best-selling personal finance magazine: "'We are pretty confident we're entering a new property bubble, and something has to give soon.'"

posted by Webmaster @ 10:48 AM

Saturday, March 13, 2004

BBC NEWS | UK Budget 2004 How is the UK economy performing?

posted by Webmaster @ 10:24 AM

Friday, March 12, 2004

BBC NEWS | Business | Call for 'fairer' mortgage advice "At present, most UK home buyers are ignoring the benefits to be had from long-term fixed rate mortgages."

posted by Webmaster @ 8:06 AM

Thursday, March 11, 2004

BBC NEWS | Business | Endowment selling damned by MPs: "Shortfalls are likely to grow and the problems could intensify until 2013"

posted by Webmaster @ 7:52 AM

Wednesday, March 10, 2004

Housing market crash? What housing market crash?"...more and more first-time buyers are struggling to afford a home"

posted by Webmaster @ 3:12 PM

Scotsman.com Business
Redrow hikes dividend as market booms

posted by Webmaster @ 7:39 AM

Tuesday, March 09, 2004

Reuters | Latest Financial News / Full News Coverage: "Bank of England warns on house prices"

posted by Webmaster @ 6:37 AM

Monday, March 08, 2004

BBC NEWS | Business | UK housing market remains robust"... other surveys have reported prices rising at a much faster rate than the government findings."

posted by Webmaster @ 12:35 PM

Guardian Unlimited | The Guardian | Dockland toeholds lift second-home market to £40bn

posted by Webmaster @ 7:50 AM

Sunday, March 07, 2004

Guardian Unlimited | The Guardian | Barclays making vast profits from fear of debt: "It is gross profiteering, absolutely excessive, and deserves to be exposed. People need to be aware of this rip-off,"

posted by Webmaster @ 8:06 PM

Saturday, March 06, 2004

BBC NEWS | Business | Price bar hits first-time buyers: "First-time buyers cannot afford to buy a home in 80% of UK towns, a survey from the Halifax bank has suggested. "

posted by Webmaster @ 9:38 AM

Friday, March 05, 2004

BBC NEWS | Business | Weak jobs data spooks US marketsThe dollar has dropped sharply, after weak US jobless figures raised questions about the pace of recovery in the world's largest economy.

posted by Webmaster @ 3:45 PM

The Bank of England appear to be quite content in letting personal debt and the housing market spiral out of control. If they are trying to deflate the housing boom slowly then they may just be storing up trouble ahead by making the situation worse.

posted by Webmaster @ 9:03 AM

Thursday, March 04, 2004

BBC NEWS | Business | Bank leaves rates unchanged at 4%:
"After last month's quarter point increase we should wait and see if consumer debt and house prices stabilise before raising rates any further."

posted by Webmaster @ 12:13 PM

BREAKING NEWS:

The MPC has left rates ON HOLD at 4%

posted by Webmaster @ 12:08 PM

Wednesday, March 03, 2004

The HPC team has had its own MPC meeting.

Our decision was a 0.25% increase in interest rates to 4.25% and was based on the recent spurt in house prices and the insatiable consumer borrowing appetite of us Brits!

We're sticking our necks on the line here as pretty much every economist in the country is predicting a hold at 4%....watch this space!

posted by Webmaster @ 9:31 PM

BBC NEWS | Business | Rates fail to cool house prices: "The current average prices of a home rose 1.6% during February, to £148,089. "

posted by Webmaster @ 9:33 AM

Tuesday, March 02, 2004

The Bank's rate juggling act: "...fears of an early-nineties-style crash"

posted by Webmaster @ 10:44 PM

BBC NEWS | Business | Credit card spending reaches high: "...consumer credit rose by £1.93bn in January, the biggest monthly increase since last May and double December's rise."

posted by Webmaster @ 1:06 PM

BBC NEWS | Business | Taylor Woodrow makes £304m profit
HPC's message to Taylor Woodrow - Enjoy it while it lasts!