Friday, December 31, 2004 

ThisisLondon: Top bankers fuel luxury boom Sales of Rolls-Royces, Bentleys and Ferraris in London are at an all-time high and estate agents are braced for a new boom in £1m properties, reflecting the return of soaring Christmas bonuses at the top end of financial markets.
posted by Webmaster  @ 1:09 PM 0 comments

Thursday, December 30, 2004 

BBC NEWS | Business | House prices in 'steady slowdown' UK house prices have fallen for the second time in three months, according to Nationwide building society.
posted by Webmaster  @ 8:37 AM 0 comments

Wednesday, December 29, 2004 

Sky News: HOMES MARKET TO SLOW The housing market will be slow but not at a standstill next year, according to one leading analyst.
posted by Webmaster  @ 12:51 PM 0 comments

BBC NEWS | Business | 2004: A tale of two housing markets "Prices increased by 70% on average throughout 2004."
posted by Webmaster  @ 9:43 AM 0 comments

Monday, December 27, 2004 House prices fall for sixth month House prices in England and Wales have fallen for a sixth consecutive month, research company Hometrack says, adding to mounting evidence that the property boom has ended.
posted by Webmaster  @ 10:58 AM 0 comments

Sunday, December 26, 2004 Business - A few home truths but still no consensus on property market WILL the property market crash in 2005? It depends who you ask. Last week, Prudential produced an alarming survey which indicated the public’s confidence had collapsed
posted by Bullish Bear  @ 9:30 AM 0 comments

Saturday, December 25, 2004 

Wichita Eagle | 12/25/2004 | Housing bubble ready to burst in Southern California: "The median price of a home is $465,000 statewide, with prices in Southern California having risen 31 percent in just the past year."
posted by Bullish Bear  @ 9:09 AM 0 comments

Friday, December 24, 2004 

This is Money | Dealing with debt | Rising debt spurs bankruptcy warning A FRESH alert over consumer debt was sounded today as experts warned more than 5,000 people will go bankrupt by the end of January.
posted by Bullish Bear  @ 2:57 PM 0 comments

SMH (AUS): Falling property prices put a brake on borrowing Household debt has hit a record $815 billion but the rate of new borrowing has slowed as families reassess their finances because of falling property prices.
posted by Webmaster  @ 7:49 AM 0 comments

Thursday, December 23, 2004 

Times Online: Pound tumbles on news of MPC’s rate cut debate "THE pound tumbled yesterday after it emerged that the Bank of England examined the case for a cut in interest rates this month, fuelling speculation that borrowing costs have peaked. "
posted by Boom'n'Bust  @ 3:31 PM 0 comments

The Guardian: Economy growth faster than expected"Britain's economy grew faster than previously thought in the third quarter while the current account gap rose to its highest level in more than five years, official figures showed today."
posted by Boom'n'Bust  @ 3:30 PM 0 comments

ThisisLondon: Evidence of house price fall House prices are ending the year lower than they began it in the capital. On average they are almost £12,000 lower than when the London market peaked in June, a survey reveals today.
posted by Webmaster  @ 10:41 AM 0 comments

This is Money | House prices | Two-year standstill for house prices Estate agent Knight Frank today warned that the housing market faces two years of virtual stagnation, although top-end properties in London's most sought-after areas can expect further modest price gains.
posted by Webmaster  @ 10:35 AM 0 comments

Guardian: Bank of England hints at interest rate cut Labour's re-election prospects received a boost yesterday when the Bank of England dangled the prospect of a cut in interest rates in the run-up to a likely spring poll.
posted by Webmaster  @ 8:09 AM 0 comments

Wednesday, December 22, 2004 

Confidence In Housing Market Plummets Homeowners' confidence in the value of their homes has plummeted amidst speculation of a full-scale property-market crash, according to new research from Prudential's tri-annual Mood of the Nation Index. Indeed, only 30% of homeowners expect the value of their home to increase over the next 12 months, compared to 61% in March.
posted by Bullish Bear  @ 12:17 PM 0 comments / World / UK - IMF tells chancellor to cut borrowing Gordon Brown should raise taxes or cut spending by £12bn a year for the next five years, the International Monetary Fund said on Tuesday.
posted by Bullish Bear  @ 9:49 AM 0 comments

Property finance news - Top properties to rise above stagnating house prices The best town and country houses will be unaffected by a wider house price stagnation in 2005, a new report has predicted.

posted by Webmaster  @ 9:45 AM 0 comments

Tuesday, December 21, 2004 

This is Money: More gloom for housing market"Fears of a UK housing market crash grew this morning as a closely-watched survey found more chartered surveyors reporting house price declines than at any time in 12 years."
posted by Boom'n'Bust  @ 10:53 AM 0 comments

Times Online: Surveyors reveal widespread falls in house prices "CONDITIONS in the housing market are the worst for 12 years, according to chartered surveyors. "
posted by Boom'n'Bust  @ 9:58 AM 0 comments

BBC NEWS: House prices drop as sales slow"House prices fell further in November and property sale times lengthened as rate rises took their toll, the Royal Institute of Chartered Surveyors found. "
posted by Boom'n'Bust  @ 9:29 AM 0 comments

Sky News: House prices still going down Lower prices were reported in the three months up to November by about 48% more chartered surveyors.
posted by Webmaster  @ 8:04 AM 0 comments

Monday, December 20, 2004 

Telegraph:| Mortgage lending down by 25 pc"Mortgage lending has declined by a quarter since last year, according to new figures, providing further evidence of a slowdown in the housing market."
posted by Boom'n'Bust  @ 10:48 PM 0 comments

This is Money: Cut the price to sell your home"HOME owners who want to sell their properties are being warned to drop their prices by as much as 8% in the new year as sales face further stagnation. "
posted by Boom'n'Bust  @ 9:59 AM 0 comments

Reuters: House prices slip in December"LONDON (Reuters) - Asking prices on homes have dropped in the month to mid-December, property website Rightmove says, adding that they will need to fall further to again revive a rapidly-slowing market. "
posted by Boom'n'Bust  @ 9:56 AM 0 comments

RIGHTMOVE: DECEMBER 2004 HOUSE PRICE INDEX2005: CUT PRICES OR FACE STAGNATION - Buyers await positive signals on affordability
posted by Boom'n'Bust  @ 9:54 AM 0 comments

The Observer: Banks are living on borrowed time Investors digesting last week's trading statement from HBOS must be wondering what happened to the housing market slowdown.
posted by Webmaster  @ 8:09 AM 0 comments

Sunday, December 19, 2004 

Real Estate Gates - Houses prices continue to fall in UK House prices have been falling for the fourth month in a row in Great Britain. Scotland was the only region where property values have increased last month. “The proportion of its members reporting price falls was the highest for nine years”, surveys of the Royal Institution of Chartered Surveyors said.
posted by Bullish Bear  @ 10:05 AM 0 comments

Why do Brits emigrating in droves to continental Europe? Let me be frank here and say that Great Britain is not one of my favorite nations on earth. In 1969, I had a chance to attend the University College at Swansea, Wales, for my doctoral work; however, I opted for coming to Ohio, USA.
posted by Bullish Bear  @ 10:02 AM 0 comments Eurozone indicators to be released in the coming week will point to a further upturn in inflation in December, economists say.

posted by Bullish Bear  @ 10:00 AM 0 comments

icWales - Market correction? It's here already: "WHAT is happening to the residential property market in South Wales? Are prices strengthening, static or slipping?"
posted by Bullish Bear  @ 9:59 AM 0 comments

The Independent - Money Hundreds of punters were perched on the edges of their seats with gritted teeth and racing hearts. A spasmodic nod here, a twitch there, a hand in the air.
posted by Bullish Bear  @ 9:56 AM 0 comments

The Observer | Cash | Estate agents go on attack against shared ownership Shared ownership, which for 20 years has been a way of getting low-paid first time buyers on the property ladder, is coming under attack from estate agents.
posted by Bullish Bear  @ 9:53 AM 0 comments

Saturday, December 18, 2004 

icWales - Market correction? It's here already Conflicting media reports that come out daily are confusing and while no-one can predict the property market for more than a few months at a time in a climate such as this, in South Wales it is certainly not as frantic as it was this time last year.
posted by Webmaster  @ 12:16 PM 0 comments

Friday, December 17, 2004 

Citywire:Charcol launches 2.99% Fed mortgage Mortgage broker Charcol has launched the cheapest mortgage yet with an interest rate of just 2.99%.
posted by Webmaster  @ 4:34 PM 0 comments

Thursday, December 16, 2004 

BBC NEWS: Where are house prices heading in 2005?"Booming double-digit price rises at the front end of 2004 have eased off towards the end of the year. Will the market bounce back, or are house prices heading downhill? "
posted by Boom'n'Bust  @ 11:20 PM 0 comments

Interactive Investor: U.S. housing starts plunge 13.1% in November "Housing starts in November plunged to their lowest levelsince May of last year and fell at the sharpest pace in more than a decade, the Commerce Department said Thursday."
posted by Boom'n'Bust  @ 11:17 PM 0 comments

Rampant Insider Selling Raises Red Flags NEW YORK - Talk about a double standard. While corporate leaders tout the benefits of investors owning their stocks, many executives seem to be running for the doors themselves.
posted by Bullish Bear  @ 11:06 AM 0 comments

Wednesday, December 15, 2004 / Your money - Jump in UK inflation fuels rate rise speculation UK prices unexpectedly jumped in November due to higher petrol prices and utility bills, prompting speculation that the Bank of England may raise interest rates in the new year.
posted by Bullish Bear  @ 11:42 PM 0 comments

BBC NEWS | Business | US raises interest rates to 2.25% The US Federal Reserve has raised rates by a quarter percentage point to 2.25% - its fifth increase since June.
posted by Webmaster  @ 9:23 AM 0 comments

Tuesday, December 14, 2004 

Interactive Investor: UK house prices set to drop up to 3 pct in first few months of 2005"LONDON (AFX) - House prices in the UK are set to drop by up to 3 pct in the first few months of 2005 before recovering, a property website said today."
posted by Boom'n'Bust  @ 3:46 PM 0 comments

Evening Times: Cash gamble warning to home buyers"SPECULATORS were wrong to gamble on soaring prices for newly-built homes in Glasgow, they were warned today. "
posted by Boom'n'Bust  @ 3:43 PM 0 comments

BBC NEWS | Business | Transport costs fuel UK inflation Rising household fuel costs and high airfares propelled UK inflation to a five-month high in November.
posted by Bullish Bear  @ 12:19 PM 0 comments

Consumer Price Indices - November 2004 In the year to November, the consumer prices index (CPI) rose by 1.5% per cent, up from 1.2% in October.
posted by Bullish Bear  @ 12:15 PM 0 comments

This is Money: House prices down - for sixth month"ESTATE agents have added to the gloom in the housing market by confirming prices dropped for the sixth month running in November. "
posted by Boom'n'Bust  @ 9:00 AM 0 comments

Monday, December 13, 2004 / Industries / Property - The rental boom that is in line for a bust Who on earth coined the phrase "as safe as houses"? And should he be taken out and shot?
posted by Bullish Bear  @ 7:25 PM 0 comments / Industries / Property - Property creates a case for concern Many of the UK's biggest high street banks were badly burnt by the spectacular property crash of the early 1990s.
posted by Bullish Bear  @ 7:24 PM 0 comments

Times: Don't gamble with your home"More people are taking out interest-only mortgages, but they could face big debts if house prices fall further."
posted by Boom'n'Bust  @ 1:13 PM 0 comments Housing market cooled in October House prices in England and Wales were up 12.6 percent on the year in October, down from the 13.8 percent rate in the prior month, the Office of the Deputy Prime Minister says.
posted by Webmaster  @ 11:11 AM 0 comments

Interactive Investor: UK Oct house prices up 12.6 pct yr-on-yr, up 0.7 pct vs Sept - ODPM"UK house prices rose by 0.7 pct between September and October,but the annual rate of growth dropped to 12.6 pct from 13.8 pct the previous month, according to figures released by the Office of the Deputy Prime Minister."
posted by Boom'n'Bust  @ 11:07 AM 0 comments

Property finance news - House prices weaken pound"The pound is expected to fall further against the dollar today in the wake of new evidence that house price growth slowed during October."
posted by Boom'n'Bust  @ 10:15 AM 0 comments

This is Money: Credit card threat to economy"SOARING borrowing on credit cards could threaten Britain's financial stability, the Bank of England has warned. Its latest assessment will raise serious questions over the current record debt levels. The Bank says they may be building up 'vulnerability for the long term'."
posted by Boom'n'Bust  @ 9:41 AM 0 comments

Guardian: Labour's fortunes are cemented to bricks and mortar values"Estate agents are twiddling their thumbs. Property is proving hard to shift. House prices are falling. The boom in bricks and mortar is over. So much, so obvious. After its phenomenal rise since the middle of the last decade, some correction in the housing market was overdue."
posted by Boom'n'Bust  @ 8:48 AM 0 comments Cala warns of 'sideways' move in housing market"However, the group, which is 30 per cent owned by HBOS, warned that the UK housing market would 'move sideways' for a couple of years as prices level off and the planning system slows development. "
posted by Boom'n'Bust  @ 8:44 AM 0 comments

Sunday, December 12, 2004 

Telegraph | Money | Economic agenda: Little Christmas cheer on the high street The High Street is the battleground on which two opposing views of our immediate economic future will be fought out. With Christmas just two weeks away, the stakes are rising.
posted by Bullish Bear  @ 8:31 AM 0 comments

Saturday, December 11, 2004 / Home UK - America's ominous housing bubble Nearly five years after the bursting of the equity bubble, America has done it again. This time, it is the housing bubble. But this speculative excess may be the cruellest bubble of all - and has already led to a sharp compression of national saving, a record current account deficit and an ominous overhang of personal indebtedness. The US was fortunate in avoiding the perils of a post-bubble carnage in 2000-2001. It may not be so lucky this time
posted by Bullish Bear  @ 8:01 PM 0 comments Funds prepare to cash in on property boom COMMERCIAL property is expected to boom next year, according to fund management group Schroder.
posted by Webmaster  @ 11:18 AM 0 comments

Friday, December 10, 2004 

This is Money: HSBC warns of credit slowdown"BANKING giant HSBC today became the second major financial group in as many days to warn of a slowdown in UK consumer borrowing."
posted by Boom'n'Bust  @ 1:52 PM 0 comments

Western Daily Press: RATES COULD FALL TO 3%, CLAIMS BOOTLE"Leading economist Roger Bootle expects the value of the pound to fall 'a long way' against the euro and dollar next year, he told an invited audience at Bristol's Mansion House last night. "
posted by Boom'n'Bust  @ 11:43 AM 0 comments

Times: House prices set to rise by 4% next year, say mortgage lenders"HOUSE prices are set to rise by 4 per cent next year, Britain's mortgage lenders predicted yesterday. "
posted by Boom'n'Bust  @ 11:41 AM 0 comments

Guardian Unlimited Money: Trade gap misery as imports rise to £21.5bn: "Britain's trade gap with the rest of the world unexpectedly widened by almost £1bn in October to its worst since January, as imports jumped to a record high."
posted by Boom'n'Bust  @ 8:20 AM 0 comments

BBC NEWS: Regeneration 'causes high prices'"Regeneration work on rundown areas in the North West of England has been blamed for a rise in homelessness. "
posted by Boom'n'Bust  @ 8:19 AM 0 comments

Thursday, December 09, 2004 The global housing market - Flimsy foundations"Residential-property prices are now falling in Britain and Australia, but have taken off in America and France"
posted by Boom'n'Bust  @ 5:47 PM 0 comments

ThisisLondon: Housing crisis revealed
A new study has shown that the proportion of first-time buyers plummeted from 27 per cent of all buyers at the start of the year to 18 per cent at the end of the summer.
posted by Webmaster  @ 3:18 PM 0 comments

ShareCast: BoE holds rates at 4.75%"The Bank of England has kept borrowing costs on hold at 4.75% for the fourth month running after further signs of an economic slowdown. "
posted by Boom'n'Bust  @ 12:17 PM 0 comments

Citywire: First time buyer numbers drop dramatically"The proportion of first time buyers has fallen dramatically since 1993, nearly half had to pay more than £100,000 for a new home, yet the biggest housing problem is under-occupation."
posted by Boom'n'Bust  @ 11:51 AM 0 comments

BBC NEWS | Business | Bank on course to freeze UK rates The Bank of England is expected to leave interest rates at 4.75% on Thursday following the latest meeting of its Monetary Policy Committee (MPC).
posted by Webmaster  @ 9:35 AM 0 comments

ThisisLondon: Berkeley adds to housing gloom"UPMARKET housebuilder Berkeley Group has added to the gloom in the property market by reporting a sharp 28% fall in group reservations. "
posted by Boom'n'Bust  @ 9:25 AM 0 comments

ThisisLondon: Interest rate analysis - the facts before the MPC"THE Bank of England's monetary policy committee must decide whether to play Scrooge or Santa to home owners on Thursday when it reaches its latest decision on interest rates. "
posted by Boom'n'Bust  @ 8:41 AM 0 comments

Wednesday, December 08, 2004 

whatinvestment: BoE expected to keep rates on hold : "Data showing a cooler housing market and slower consumer spending should mean the Bank of England leaves interest rates on hold at 4.75% tomorrow."
posted by Boom'n'Bust  @ 3:11 PM 0 comments

Times: No storm clouds for housing market "The forecast for the housing market next year is one of 'bright intervals and scattered showers' rather than 'storm clouds', acciording to a prominent television academic."
posted by Boom'n'Bust  @ 3:10 PM 0 comments

moneyextra: First time buyers face four and a half year wait"It takes first time buyers six months longer to save for a 5% house deposit now compared to Q1 2004 and one year nine months longer than in 1994, when house prices began their meteoric rise. That's according to new research from National Savings and Investments (NS&I)."
posted by Boom'n'Bust  @ 2:09 PM 0 comments

Citywire: Bootle v Smith: house prices may slump"House prices are in for a 'hard landing', if you believe Capital Economic's Roger Bootle, who says the lack of first time buyers and low rental yields are a bad omen."
posted by Boom'n'Bust  @ 2:01 PM 0 comments

BBC NEWS: BBC move 'to boost house market'"The overhaul of the BBC dominates the newspapers, with the news many staff will be sent to Manchester hailed as a 'boost to the North'. "
posted by Boom'n'Bust  @ 8:48 AM 0 comments

Tuesday, December 07, 2004 / Home UK - Wary British shoppers depress high street sales Cautious shoppers caused sales to fall 0.2 per cent in November compared with last year. This was the first drop for 11 months and the worst November since 1988, said the British Retail Consortium and KPMG, the accountancy firm.
posted by Bullish Bear  @ 8:34 PM 0 comments

SkyNews: INFLATION HITS PAY DEALS "Signs of rising inflation is starting to have an effect on pay deals. "
posted by Boom'n'Bust  @ 11:52 AM 0 comments

The Argus: Estate agents face fight to save jobs"Hundreds of estate agents will be fighting to save their jobs next year if the deadlock in the housing market fails to break. "
posted by Boom'n'Bust  @ 11:48 AM 0 comments

Credit Man: Economic growth to lose momentum in the New Year"Economic growth in early 2005 is set to slow as a drop in retail sales and falling house prices dampen business confidence. "
posted by Boom'n'Bust  @ 11:47 AM 0 comments

ThisisLondon - Stores fear a Black Christmas STORES are facing a 'Black Christmas' amid evidence that business is waning despite aggressive promotions and price cuts.
posted by Bullish Bear  @ 10:37 AM 0 comments

ThisisLondon - Black Tuesday for jobs The loss of thousands of highly-paid London jobs is being announced today.
posted by Bullish Bear  @ 10:30 AM 0 comments

Monday, December 06, 2004 

BBC NEWS | BBC shake-up to mean job losses BBC director general Mark Thompson will announce an overhaul of the corporation on Tuesday which could lead to the loss of thousands of jobs.
posted by Bullish Bear  @ 11:09 PM 0 comments

Times: Crunch the numbers"Is the market down? Up? Stagnant? Don't panic when you see conflicting house price headlines. Here is what they all mean for your home"
posted by Boom'n'Bust  @ 6:35 PM 0 comments

Times: Next generation of economists tells Bank to hold rates"THE sight on the screen is one most economists would beg to watch. The Monetary Policy Committee (MPC), normally so careful about its image, is going through its monthly interest rate deliberations on camera for the first time. "
posted by Boom'n'Bust  @ 4:23 PM 0 comments

Times: Recession fear as firms reveal fall in confidence"FEARS of a fall into recession are growing after a key survey found that manufacturers' confidence in the future has slumped and export margins are at their lowest for nearly three years. "
posted by Boom'n'Bust  @ 4:22 PM 0 comments

Times: Consumers just want to have fun, not houses"BRITISH consumers have not stopped spending. Far from it. Instead of borrowing to buy homes, they seem to be having a good time while waiting for interest rates to rise. "
posted by Boom'n'Bust  @ 4:21 PM 0 comments End of falls in new home prices?"The average price of a newly built home in the UK increased by 2.7% last month to £268,724, according to data released from leading new homes website, This is the first monthly increase since August and indicates that the new home slowdown is coming to an end."
posted by Boom'n'Bust  @ 12:40 PM 0 comments

Mortgage Introducer: Charcol predicts 4 per cent house price rise for 2005"Charcol has responded to the contradicting house price predictions of Halifax and Nationwide by offering its own views on the year ahead. "
posted by Boom'n'Bust  @ 12:39 PM 0 comments - The disappearing dollar THE dollar has been the leading international currency for as long as most people can remember. But its dominant role can no longer be taken for granted. If America keeps on spending and borrowing at its present pace, the dollar will eventually lose its mighty status in international finance.
posted by Bullish Bear  @ 8:09 AM 0 comments

Sunday, December 05, 2004 

Sunday Times: November slump raises retail fears for Christmas"THE British high street suffered a brutal sales slump in November, heightening fears that the retail sector is set for its worst Christmas in a decade. "
posted by Boom'n'Bust  @ 10:28 AM 0 comments

SundayTimes: Bank told to hold rates"INTEREST RATES should stay at 4.75% when the Bank of England meets this week, according to the "shadow" monetary policy committee (SMPC). But some members say sterling's rise against the dollar could force the Bank to cut rates soon. "
posted by Boom'n'Bust  @ 10:27 AM 0 comments

The Observer - Estate agents 'face decimation' Up to 3,000 estate agents face the axe following a dramatic fall in mortgage lending, experts warned last night. The cull would be the biggest since the 1991 recession and would represent 10 per cent of the industry's total workforce of 30,000.
posted by Bullish Bear  @ 8:33 AM 0 comments

Saturday, December 04, 2004 

Times: Positively unable to shake my negativity"WE'RE doomed, doomed, I tell you. Overindebted and impoverished, with no savings, no pensions, no access to houses and no hope. The future is bleak for the under-30s."
posted by Boom'n'Bust  @ 4:07 PM 0 comments

Guardian: Halifax first lender to predict house price fall"Reporting that house prices fell again last month, Britain's biggest mortgage lender said it expects prices to drop 2% in 2005, although this will mask significant variations around the country."
posted by Boom'n'Bust  @ 12:08 PM 0 comments

Sky News: MORTGAGE RATE FEARS"Almost half of UK homeowners are concerned about mortgage interest rates rising, new figures show."
posted by Boom'n'Bust  @ 12:01 PM 0 comments

Friday, December 03, 2004 

FT: UK housing market set for "measured slowdown""The last time the UK's largest mortgage lender forecast an annual fall in house prices was 15 years ago when the previous crash was already under way. "
posted by Boom'n'Bust  @ 11:03 PM 0 comments

BBC NEWS - Head to head: UK house prices The UK's biggest mortgage lender, the Halifax, has said that house prices fell by 0.4% in November, and will drop by 2% in 2005. It is the latest in a growing line of surveys that show demand is weakening and sales are falling. Is the UK house-price boom definitely over?
posted by Bullish Bear  @ 7:35 PM 0 comments - Trade, debt woes point to recession - National The economy may be heading for a downturn similar to the early 1990s recession because of fundamental trade and debt problems, a leading economist has warned.
posted by Bullish Bear  @ 7:32 PM 0 comments

Guardian: Rents soar as homebuyers bide their time Rents are rising at their fastest rate for more than three years as nervous potential homebuyers opt to delay taking their first step on to the property ladder, according to a survey published today.
posted by Webmaster  @ 6:55 PM 0 comments

The Age (AUS) - House price crash warning House prices in Australia could fall by as much as 10 per cent next year with the latest price index showing a fall for the first time in four years, one of Australia's largest mortgage brokers said today.
posted by Webmaster  @ 6:53 PM 0 comments

BBC NEWS: How to beat a falling housing market"Halifax, the UK's biggest mortgage lender, has predicted that house prices will fall by 2% next year."
posted by Boom'n'Bust  @ 2:37 PM 0 comments

Reuters: Housing market keeps cooling"House prices fell for a second straight month in November, mortgage lender Halifax says, while predicting property prices will fall 2 percent in 2005 after nine years of gains."
posted by Boom'n'Bust  @ 1:34 PM 0 comments

Guardian: Halifax forecasts 2% house price drop"Banking giant Halifax today said that house prices would fall by 2% fall next year and that interest rates had peaked. Its negative outlook for the property market is in contrast to the 2% rise predicted by the Nationwide building society and Bradford & Bingley earlier this week. "
posted by Boom'n'Bust  @ 1:22 PM 0 comments

ThisisMoney: House prices fall again"HOUSE prices continued their downward spiral in November, falling 0.4% on the previous month. "
posted by Boom'n'Bust  @ 9:44 AM 0 comments

Times: Mortgage giant warns of house price falls"Britain's biggest mortgage lender has called time on the property boom, warning that house prices are set to fall next year for the first time in a decade."
posted by Boom'n'Bust  @ 9:43 AM 0 comments

BBC NEWS: Halifax predicts house-price fall"UK house prices will fall 2% next year after nine years of gains, the Halifax has said. "
posted by Boom'n'Bust  @ 9:41 AM 0 comments

Thursday, December 02, 2004 

Motley Fool: Facing Up To Falling House Prices"The bad news emerging from the housing market has been mounting up. Recent updates from Nationwide and Halifax show prices down from their summer highs, while estate agents and surveyors have reported a sharp drop in volumes during the autumn. So if you're a property owner keen to sell, successfully marketing a home now requires getting into the right frame of mind. "
posted by Boom'n'Bust  @ 3:53 PM 0 comments

Guardian: Water bills on the rise again"Water companies in England and Wales will be allowed to increase bills by an average of £46 over the next five years, the industry regulator Ofwat announced today. "
posted by Boom'n'Bust  @ 10:33 AM 0 comments

ThisisMoney: Househunters expect price decline"HOUSEHUNTERS expect property prices to fall by up to 9% over the next 12 months, forcing many to delay making home-buying decisions. "
posted by Boom'n'Bust  @ 10:31 AM 0 comments

Wednesday, December 01, 2004 

This is Money - Mortgage misery in old age MILLIONS of owners who believe their homes will provide them with a pot of gold when they retire could end up in hardship instead.
posted by Bullish Bear  @ 10:00 PM 0 comments - LOAN DANGER BRITAIN'S biggest building society last night predicted that interest rates will rise next year - even though the housing boom is fizzling out.
posted by Bullish Bear  @ 9:49 PM 0 comments

Telegraph | Property | On the level: supply and demand This 'logic' behind new homes is false economics, says Jeff Howell
posted by Bullish Bear  @ 9:47 PM 0 comments

Guardian Unlimited | The Guardian | Danger - falling dollars The sharp fall in the dollar on the foreign exchange markets - and the consequent rise in the value of the euro - may seem like problems that are of little direct concern to the UK, which never signed up to the euro in the first place. That would be a serious mistake. If the US economy is propelled into a crisis by a free-falling dollar the whole of the rest of the world will feel the reverberations.
posted by Bullish Bear  @ 9:44 PM 0 comments

Times Online - Inflation 'will force rate to 5.5% next year' INFLATIONARY pressures could force the Bank of England to raise interest rates to 5.5 per cent next year, despite the slide in the housing market, the Organisation for Economic Cooperation and Development said yesterday.
posted by Bullish Bear  @ 9:42 PM 0 comments

Times Online - House prices 'will slow' BRITAIN’S biggest building society yesterday predicted a “year in the doldrums” for the UK housing market, with prices expected to rise by just 2 per cent on average in 2005.
posted by Bullish Bear  @ 9:40 PM 0 comments

The Independent - Brown must choose cuts or tax rises, OECD warns Gordon Brown will have to raise taxes or cut spending to stay within his "golden rule" on the public finances, a global financial watchdog warned on the eve of the Chancellor's keynote pre-Budget report.
posted by Bullish Bear  @ 9:38 PM 0 comments

The Independent - House prices set for 'soft landing' House prices will rise just 2 per cent in real terms next year, the Nationwide building society said yesterday despite reporting an unexpected surge in prices last month.
posted by Bullish Bear  @ 9:36 PM 0 comments - Sterling hits 12-year high against dollar Sterling surged to a 12-year London closing high of $1.9077 to the dollar on Tuesday as the market scaled back expectations of UK interest rates cuts in 2005.
posted by Bullish Bear  @ 9:30 PM 0 comments - Strong PMI data make UK rate rise more likely A gush of new orders pushed up British manufacturing activity in November at the fastest pace since July, but decade-high input costs led to the highest hikes in output prices since the series began five years ago.
posted by Bullish Bear  @ 9:28 PM 0 comments - Deficits will hurt next generation, OECD says Leading countries that continue to run persistent budget deficits are "sacrificing" their children, the Organisation for Economic Co-operation and Development warned yesterday.
posted by Bullish Bear  @ 9:26 PM 0 comments - OECD says UK needs more rate increases The Bank of England should raise interest rates three more times by the end of next year, taking its main rate to 5.5 per cent, according to the Organisation for Economic Co-Operation and Development.
posted by Bullish Bear  @ 9:24 PM 0 comments

this is southwales - BUBBLE BURSTS AS HOUSE PRICES DIVE Swansea's housing bubble may finally have burst. Prices are nose-diving in the city for the first time in a couple of years.
posted by Bullish Bear  @ 6:40 PM 0 comments

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