Reuters: House prices could fall sharply House prices are overvalued after a recent boom and could fall sharply, a Bank of England official says, also signalling that interest rates will probably have to rise further.
Independent: Buy-to-let disaster looming, warns A&L chief The chief executive of Alliance & Leicester yesterday warned that investors who have ploughed money into specialist mortgages such as buy-to-let deals could be heading for "disaster".
"_blank"> The Motley Fool UK: Fool's Eye View 20/07/2004 Blah, blah, blah! Do you ever ask yourself how useful all these surveys and house price indices are?
This is London: Homes unsold as investors lose nerve After a 10-year bull run, the big agents are all reporting sales significantly lower in the past month. Many of the lots are going unsold as investors take a more realistic and cautious approach.
Telegraph | Money | It's a buyer's market as rate rises begin to bite Further evidence of a slowdown in the housing market will be revealed this week with the publication of two influential housing surveys. They claim recent interest rate rises have cooled property inflation, creating a "buyer's market".
Headline news from Sky News - Witness the event The booming housing market is beginning to show signs of slowing down as the impact of four interest rate rises begins to bite, new figures suggest.
ThisisLondon: Househunters expect price falls: MORE than one in three househunters believes that house prices will fall in the next 12 months. Their pessimism has been triggered by four interest rate rises since November, according to a survey by national property website assertahome.com.
ic Wales - House prices show signs of slowdown: BOOMING house prices across Wales are showing their first signs of slowing for more than three years according to figures from Wales' biggest mortgage lender.
The Monetary Policy Committe announces its rate decision at 12pm tomorrow, but will they be cautious and go for a hold or step up the pressure on homeowners by announcing a 0.25% increase to try and cool the booming housing market?
Find a Property - HBOS Halts Buy-To-Let Lending The specialist HBOS subsidiary, The Mortgage Business, which focuses on buy-to-let and self-certification loans, has suspended all new lending.
Reuters | BoE can't ignore booming house prices
The Bank of England cannot and does not ignore the effect of booming house prices on consumer spending, the central bank's deputy governor Rachel Lomax says.
FT.com: King repeats warning that house prices could fall Mervyn King, the governor of the Bank of England, has repeated his warning that house prices could fall, telling homebuyers not to assume they would go on rising forever.
