ThisisLondon: Buy-to-let investors active
The buy-to-let bubble has not burst. But it has deflated, figures released this week reveal. Although the bottom has not fallen out of the market, buy-to-let property is no longer the exciting get-rich scheme it used to be.

Reuters | Bank of England voted 9-0 for rate rise: All nine members of the Bank of England's Monetary Policy Committee voted for this month's quarter-point rise in interest rates to 4.5 percent, minutes of their June 9 and 10 meeting show.

House prices plunge HOUSE prices fell slightly during the second week of June, suggesting the booming property market could finally be slowing down, figures showed today.

BBC NEWS | Business | Interest rates 'hit house prices' Rightmove said the price of the average house fell by 0.4%, or £683, during the week as recent rises in interest rates started to take effect.

The Observer | Cash | House prices start to cool, but there's no iceberg ahead: Is the property market heading for a fall? Comments by the Governor of the Bank of England Mervyn King last week about the possibility of a fall in prices sparked a wave of speculation about a market crash.