Guardian: Warning of big fall in house prices The International Monetary Fund last night issued a double warning on the UK economy, urging house buyers to beware a sharp fall in property prices and predicting that higher taxes may be needed to plug the hole in the government's budget deficit.
Sky News - MORTGAGE LENDING SLIDES Mortgage lending in August rose at its slowest level for a year. And the number of new loans for house purchase fell to its lowest in nearly four years, said the Bank of England.
Moneyextra - Mortgage day - will it impact on you? With just over a month to go until Mortgage Day - the date on which the Financial Services Authority (FSA) takes over the statutory regulation of mortgages - the Council of Mortgage Lenders is advising consumers to check that any adviser they plan to use to arrange their mortgage will be appropriately registered to introduce mortgage business in the future.
More gloom for housing market Fresh evidence that Britain's housing market has ground to a halt will emerge this week as Nationwide reveals that estate agents saw little pick up in business in September.
Mirror.co.uk - HAS BRITAIN'S BUBBLE BURST? WORK for all in a booming economy, huge sums being pumped into health and education, a better deal for mums, longer holidays.
It's tempting to think Britons have never had it so good - if you listen to the government.
Times Business: House prices slide as mortgages bite THE property market has finally turned, with prices falling across much of the country. Four separate surveys of estate agents and mortgage lenders revealed that interest rate rises have sapped buyers’ confidence, preventing them from taking out new loans and causing prices to fall.
Reuters: Inflation shows surprise fall The inflation rate unexpectedly fell further below its 2.0 percent government-set target in August as clothing and footwear retailers put prices up by less than a year earlier, official data shows.
ODPM housing market report: August 2004 (PDF) This will take you to the actual report by the Office of the Deputy Prime Minister. It's only 10 pages long and contains various graphs and tables so it's quite easy reading...unlike the MPC minutes!
Investment Property Databank IPD Residential Investment property achieved a creditable return of 11.5% in 2003, modestly ahead of UK commercial property. A slow start to the year was more than offset as investor sentiment improved with the ending of the war, strong consumer spending and a more bullish stock market injecting confidence into the housing market.
Reuters: Bank of England set to hold rates The Bank of England appears almost certain to keep interest rates on hold at 4.75 percent tomorrow and economists say there probably won't be many more hikes to come in this cycle, if any at all.
Guardian: Hot property She was the poor little rich girl with the stunted social antennae, but then she grew up. Harriet Lane meets her ex-Bedales schoolmate Kirstie Allsopp - TV presenter, private location scout and 21st-century dykon
Yorkshire Post: Life is cheap... but will we pay for it tomorrow? Debt is the scourge of 21st century life. And if you believe what you read in the papers, we're all up to our necks in £1 trillion of it, with each of us carrying, on average a personal debt of almost £5,000, excluding our mortgages. Shock horror stories about how we're all doomed to a life of penury are ten a penny (excuse the pun), but how often do you read that life has never been as cheap?
FORUM UPDATE: We're now back up and running and the forum is in its new location www.housepricecrash.co.uk/forum. The flash navigation bar has been updated but you may still have the old version in your browsers cache which will point you to the old forum host. If this is the case on your machine then you will need to clear the history and delete the temporary files in your browser. Any problems then please contact the webmaster
IMPORTANT FORUM NOTICE: We are in the process of transferring the forum to a new hosting provider which means that you may experience a few problems. (i.e. posting disabled etc). Please bear with us. We hope to have this up and running again soon. The new location for the forum will be www.housepricecrash.co.uk/forum