Reuters | Mortgage approvals plunge
The number of new loan approvals for house purchases saw its biggest monthly fall in more than a decade in July in what economists say could be the start of a sustained property market slowdown.
The Guardian | Fasten your seatbelts and prepare for the property market to land Can anyone afford the house they are living in? Or, put another way, could you afford to buy your house or flat if you had to buy it right now at today's price? The question might sound odd but it is worth asking after a seven-year period in which property prices have tripled.
Guardian- Fruits de mer House prices rise fastest in Cornwall's 'Padstein' Sun, sea and sand - plus a celebrity chef - are the essential ingredients for rising property prices, the Halifax said today as it named Padstow, Cornwall, one of the biggest winners in the house price boom of the last three years.
Telegraph: Descent from the property plateau The property boom is over - official. Well, perhaps not quite, since nobody rings a bell to signal the top of the market, but enough indications have accumulated in recent weeks to suggest that our enthusiasm to chase house prices ever higher is cooling at last.
Reuters: Mortgage approvals drop
The number of new loans approved for house purchase has plunged , the British Bankers Association says, in a sign demand for housing is cooling.
BBC NEWS: US house sales fall in July
The number of non-new houses sold in the US fell last month for only the second time this year, but the average price of a house rose to a new high.
BBC NEWS: US house sales fall in July
The number of non-new houses sold in the US fell last month for only the second time this year, but the average price of a house rose to a new high.
BBC NEWS:Buy-to-let pitfalls
: Buy-to-let investments have become increasingly popular in recent years, but some observers warn that the market is on the wane. A mortgage expert outlines the possible drawbacks of buy-to-let and gives some handy investment hints.
Headline news from Sky News - Landlords selling up
More landlords are selling off their properties, as the rises in the interest rate and worries about the housing market create uncertainty in the buy-to-let sector.
This is Money: Are you ready for negative equity? Negative equity cost Jennifer Blackwood her inheritance and left her the owner of a flat that she could not sell for six years. She became a homeowner at the age of 23 in 1988, buying a one-bedroom flat in Brixton, south London, for £65,000.
Sky News: PROPERTY PRICES FALL House prices fell for the second month running during August. The figures appear to show that the market is continuing to feel the effects of rising interest rates.
BBC NEWS: UK rate decision was 'unanimous'
The Bank of England's Monetary Policy Committee (MPC) voted unanimously for a rise in rates earlier this month, minutes of their meeting show.
The Motley Fool: Property Investment Is Dead - Or Is It? It appears that rising interest rates have started to discourage landlords from investing in more properties, according to the latest figures from the Council of Mortgage Lenders (CML).
Missed HPC's appearance on London Tonight? Dont worry, you can view the London Tonight video clip (WMV). We have also issued a press release which comments on Kirsty Allsop's remarks at the end of the broadcast.
A big welcome to all of our new visitors who have found us from this evenings edition of London Tonight. We will have both of the interviewees available to answer your questions from 6.30pm onwards.
ThisisLondon: Interest rates 'close to peak' CITY economists believe that interest rates are at or near their peak and will remain there until at least the second half of next year.
Telegraph | News | We're getting by with a little help from our grans The latest interest rate rise last week has led to further predictions that the housing market will crash. But as Lewis Bessemer reports, a closer look at some surprising new figures suggests that Britain's enduring love affair with property will continue
Bloomberg.com: Bank of England May Raise Rate to Three-Year High The Bank of England probably will today increase its benchmark interest rate to 4.75 percent, the highest in almost three years, to curb record consumer borrowing and head off accelerating inflation, a survey of economists showed.
Reuters | House prices fall: House prices fell a non-seasonally adjusted 0.5 percent in the three weeks to the end of July, leaving them 17.6 percent higher than a year ago, property website Rightmove.co.uk says.
