Monday, January 31, 2005 

The Independent: Interest rate hike 'likely on polling day' Voters should be braced for a hike in interest rates as they walk to the general election polling booths, a respected independent think tank warns today.
posted by Webmaster  @ 4:13 PM 0 comments

The Move Channel: Four out of five want stamp duty reform The amount of money the government is raising by taxing home buyers has increased more than nine-fold in the last decade, according to figures from the Halifax.
posted by Webmaster  @ 3:29 PM 0 comments

Times Online: Once bitten, happily shy: why Britons like life alone A solo lifestyle has become increasingly attractive to Britons across the generations. Once tasted, some find it very hard to give up.
posted by Webmaster  @ 3:04 PM 0 comments

BBC NEWS | Business | CBI reports drop in retail sales UK retail sales were weaker in January than a year ago but shops remain cautiously optimistic, the CBI says.
posted by Webmaster  @ 12:19 PM 0 comments

icLiverpool - Is your money safe as houses? Could you cope if house prices crash? Jane Hall looks at measures you can take to help cushion the fall....includes quotes from HPC.
posted by Webmaster  @ 10:52 AM 0 comments

HM Treasury: Forecasts for the UK Economy (PDF) A comparison of independent forecasts.
posted by Webmaster  @ 9:43 AM 0 comments

The Guardian | 4% house price rises this year, says study
House prices will not go into reverse, but will rise at a healthy rate for at least the next two years, according to a new report from one of the City's most respected housing market analysts.
posted by Webmaster  @ 8:04 AM 0 comments

Sunday, January 30, 2005 

BBC NEWS | Business | Website lifts lid on house prices People will be able to find out how much their neighbours have paid for their homes through the Land Registry's new online service.
posted by Webmaster  @ 11:11 PM 0 comments

BBC NEWS: Halifax mortgage offer criticised The UK's biggest lender, the Halifax, has been called "wholly irresponsible" for encouraging customers to take mortgage payment holidays to pay off Christmas debts.
posted by Webmaster  @ 12:02 PM 0 comments

The Independent>The landscape of lending is changing for people who've been locked out by prices As the number of new property purchasers falls through the floor, Esther Shaw sees if Government schemes and special mortgages can reinvigorate the housing market
posted by Webmaster  @ 10:05 AM 0 comments

Saturday, January 29, 2005 

Telegraph: How to discover your neighbour's house price secrets on the net Finding out how much your friend, relation or neighbour paid for their new home used to be a tricky operation that relied upon being brash enough to ask them directly or charming the local estate agent into spilling the beans. Not any more.
posted by Webmaster  @ 10:48 PM 0 comments

Times Property: What if your house price crashes? An estimated 300,000 homeowners could find themselves in negative equity by the end of 2006, according to Capital Economics, a research group.
posted by Webmaster  @ 10:43 PM 0 comments

The Age (AUS): Surprise jump in home prices Melbourne's median house price unexpectedly increased in the December quarter, rising 5.2 per cent to $382,500, according to the Real Estate Institute of Victoria.
posted by Webmaster  @ 10:39 PM 0 comments

BBC NEWS | Business | Stamp duty rockets as prices rise Government income from residential stamp duty has risen nine-fold over the last 10 years, new figures show.
posted by Bullish Bear  @ 10:27 PM 0 comments

BBC NEWS | Business | 'Extreme debt' increasing in UK "Extreme debt" is a growing problem for many Britons, the UK's biggest debt management charity has warned.
posted by Bullish Bear  @ 10:03 PM 0 comments

The Independent Online Edition >Independent: How to afford the unaffordable Helen Monks takes a look at how some first time buyers have got on to the housing ladder
posted by Webmaster  @ 11:39 AM 0 comments

Friday, January 28, 2005 

BBC NEWS | Business | Mortgage approvals plummet by 38% The number of mortgages approved by banks fell for the seventh month in a row in December, figures have shown.
posted by Webmaster  @ 12:12 PM 0 comments

BBC NEWS | Business | Modest climb in UK house prices UK house prices rose 0.4% in January, reversing a modest fall last month, the Nationwide has said.
posted by Webmaster  @ 11:16 AM 0 comments

This is Money | House prices | House prices bounce back House prices in the UK rose 0.4% in January, bouncing back from a 0.2% fall in December, according to Nationwide building society. But the annual rate of increase slipped from 12.7% to 12.6%.
posted by Webmaster  @ 9:27 AM 0 comments

This is Money | House prices | Britain slips in house price league Britain slipped down the European house-price inflation table last year as the Bank of England applied the brakes to the long-running property boom.
posted by Webmaster  @ 9:26 AM 0 comments

Find a Property - Market Starts To Turn After six wary months in which buyers stayed away, confidence in the housing market is starting to pick up, says the Nationwide...
posted by Webmaster  @ 9:20 AM 0 comments

Property finance news - Confidence in buy-to-let rises People are beginning to feel more confident about the future of the buy-to-let market, a survey by the Homebuyer Show has revealed that.
posted by Webmaster  @ 8:28 AM 0 comments

Thursday, January 27, 2005 

BBC NEWS | Business | UK economy ends 2004 with a spurt The UK economy grew by an estimated 3.1% in 2004 after accelerating in the last quarter of the year, says the Office for National Statistics (ONS).
posted by Webmaster  @ 11:51 AM 0 comments

Guardian: Don't bet the house on a pensions boom Are Britons starting to move their money out of property and into pensions and savings? Britain's largest life assurer and pensions provider thinks so. On Tuesday, the owner of Norwich Union, Aviva, said the end of the housing boom had helped its life and pensions sales increase last year by 11% to £6.5bn, or £1.1bn on the APE measure. APE is used by insurers to shows the long-term value of new business.
posted by Webmaster  @ 11:33 AM 0 comments

Times Online: Debt levels ‘will hit market for first-time mortgages’ The head of one of Britain’s biggest mortgage lenders gave warning yesterday that the high level of debt among young adults would depress the first-time housebuyer market for at least two years.
posted by Webmaster  @ 11:30 AM 0 comments

Wednesday, January 26, 2005 prices fall for seventh month House prices fell for the seventh straight month in January, research company Hometrack says.
posted by Webmaster  @ 2:34 PM 0 comments mortgage arrears on the rise Short-term mortgage arrears saw their first significant rise in six years in the second half of 2004 as higher interest rates began to pinch homeowners, the Council of Mortgage Lenders says.
posted by Webmaster  @ 2:33 PM 0 comments News - Latest News - House Prices Continue to Fall House prices continued to fall this month – the seventh consecutive drop – with no imminent signs of recovery, property research company Hometrack warned today.
posted by Bullish Bear  @ 1:27 PM 0 comments Bank of England unanimous on steady rates All nine members of the Bank of England's Monetary Policy Committee voted to keep interest rates unchanged at 4.75 percent earlier this month and the decision appears to have been fairly clear-cut.
posted by Webmaster  @ 1:17 PM 0 comments

This is Money | Mortgages & homes | Big rise in mortgage arrears The number of households with short-term mortgage arrears has risen materially for the first time in six years, new figures reveal today. The Council of Mortgage Lenders said that 3,070 properties were repossessed in the second half of 2004, equivalent to one in 3,500 mortgages, and it warned that there is now 'bound' to be a rise in longer term arrears and repossessions.
posted by Webmaster  @ 1:04 PM 0 comments

BBC NEWS | Business | Brown 'needs £11bn tax increase' Chancellor Gordon Brown will have to raise taxes by £11bn to pay for his spending plans, a think-tank has said.
posted by Webmaster  @ 1:02 PM 0 comments LatestUpdate FREE ACCESS has been extended forever! That's right Nethouseprices is now a free service.
posted by Webmaster  @ 8:01 AM 0 comments

Tuesday, January 25, 2005 

BBC NEWS | Business | Campaign to control house prices: House prices should be regulated to allow more people to buy their own property, a new pressure group says.
posted by Bullish Bear  @ 9:58 PM 0 comments

icNewcastle - Battle on the home front John Prescott was warned last night to keep his "sticky fingers" off the North-East's prime green belt land after he insisted he would press ahead with plans to build thousands of starter homes in the region.
posted by Webmaster  @ 1:55 PM 0 comments

BBC NEWS | Business | China continues breakneck growth China's economy has expanded by a breakneck 9.5% during 2004, faster than predicted and well above 2003's 9.1%.
posted by Webmaster  @ 12:24 PM 0 comments

This is London: C-charge in the suburbsThe congestion charge is set for a dramatic expansion throughout London. Webmaster comment: Will this have an effect on London house prices?
posted by Webmaster  @ 10:15 AM 0 comments

BBC NEWS | Business | Poll 'shows world economic gloom' A majority of people surveyed in a BBC World Service poll believe the world economy is getting worse.
posted by Webmaster  @ 9:26 AM 0 comments

Guardian Unlimited | The Guardian | Fall in prices 'likely to continue': House prices are more likely to fall than increase over the coming months, the Bank of England warned yesterday.
posted by Bullish Bear  @ 8:48 AM 0 comments

Property finance news - House prices to keep falling House prices are likely to fall further, according to a prominent member of the Bank of England's interest-rate setting Monetary Policy Committee.
posted by Webmaster  @ 8:07 AM 0 comments

Monday, January 24, 2005 House price falls "likely" House prices are much more likely to fall somewhat in the coming months than rise significantly, Bank of England Monetary Policy Committee member Kate Barker has said.
posted by Webmaster  @ 9:34 PM 0 comments

Times Online - Why the credit bubble may yet burst
Have you ever wondered why banks suddenly dominate the corporate landscape? Five of Britain’s ten biggest companies are banks, compared with none 20 years ago.
posted by Webmaster  @ 1:23 PM 0 comments

Sky News : Affordable Housing Plans Unveiled Plans to build thousands of affordable new homes to help key workers and first time buyers gain a foot on the property ladder have been unveiled.
posted by Webmaster  @ 11:56 AM 0 comments

BBC NEWS | Politics | Help offer for first-time buyers First-time buyers struggling to afford a home will be offered new help under plans being unveiled by Deputy Prime Minister John Prescott.
posted by Webmaster  @ 11:44 AM 0 comments

Sunday, January 23, 2005 

Ananova - Homeowners Face Tax Timebomb Six million homeowners face a tax timebomb unless the government changes its inheritance tax laws, it has been claimed.
posted by Webmaster  @ 1:42 PM 0 comments

Saturday, January 22, 2005 

BBC NEWS | Business | First-time buyers face price woe First-time buyers cannot afford to buy a home in 92% of UK towns, a survey from the Halifax bank suggests.
posted by Webmaster  @ 7:01 PM 0 comments - Latest News on the housing market First time buyers have less options as to where they'd like to live. The Halifax Annual First Time Buyers Survey has pinpointed the towns at opposite ends of the affordability scale.
posted by Webmaster  @ 4:13 PM 0 comments

Friday, January 21, 2005 

BBC NEWS | Business | King relaxed about retail figures Bank of England governor Mervyn King has ruled out any knee-jerk reaction to poor Christmas retail sales, saying such behaviour would be "foolish".
posted by Webmaster  @ 8:18 AM 0 comments

Thursday, January 20, 2005 

New Zealand Herald - House prices rise, but sales fall House sales slipped but the median price remained stable at $260,000 in December, the Real Estate Institute of New Zealand (Reinz) said today.
posted by Webmaster  @ 3:01 PM 0 comments

Wednesday, January 19, 2005 

Times Online - Newspaper Edition A MAJORITY of the Commons Treasury Select Committee is backing calls for an inquiry into negative-equity mortgages such as that announced by Bradford & Bingley this week
posted by Bullish Bear  @ 9:14 PM 0 comments

Times Online - Newspaper Edition FURNITURE prices have sprung up at their fastest pace for eight years, giving inflation an unexpected boost in December, figures showed yesterday.
posted by Bullish Bear  @ 9:13 PM 0 comments / Home UK - Increase in inflation puts rate cut in doubt Inflation edged higher in December as the prices of furniture and household goods began to rise after a long period of stagnation.
posted by Bullish Bear  @ 9:07 PM 0 comments

BBC NEWS | Business | UK unemployment total on the rise The number of people out of work in the UK in the September to November period has risen to 1.4 million, an increase of 13,000 on the previous three months.
posted by Webmaster  @ 2:33 PM 0 comments

Tuesday, January 18, 2005 

BBC NEWS | Business | UK inflation rate rise continues Rising household utility bills helped to push December's UK inflation rate to its highest level since June last year, according to official figures.
posted by Bullish Bear  @ 2:27 PM 0 comments

This is Money: House prices fall again but rate is slowing House prices fell again last month, two influential surveys confirmed today, but there are signs that the rate of decline is slowing because a growing number of people think interest rates could fall again.
posted by Webmaster  @ 1:32 PM 0 comments

Monday, January 17, 2005 

Sky News - Prices Continue Slide House prices fell by 0.1% this month - the third monthly fall in a row, according to figures from online property website
posted by Bullish Bear  @ 9:50 PM 0 comments

Telegraph | Money | Landlords beware as banks relax lending rules: Banks are relaxing lending criteria on buy-to-let loans in a desperate bid to drum up mortgage business as the prospect of falling house prices scares potential investors away from the property market. These moves have reignited fears that many novice landlords could end up over-exposing themselves in the property market.

posted by Bullish Bear  @ 9:49 PM 0 comments

Telegraph | Money | Now it's a mis-spending spree: Consumer Groups and mortgage lenders are warning that much of the £1bn paid in compensation to homeowners who have been mis-sold endowment policies has been spent on holidays, new kitchens and other consumer purchases rather than on reducing mortgage debt
posted by Bullish Bear  @ 9:46 PM 0 comments

Independent - House price decline claims scalps among estate agents The slowdown in the housing market has sent scores of estate agents to the wall, a property expert said today as it reported another fall in asking prices.
posted by Bullish Bear  @ 9:05 AM 0 comments

Rightmove House Price Index - January 3rd Successive Fall in house prices brings January 'Window Shoppers' out in force hunting for bargains.
posted by Bullish Bear  @ 8:46 AM 0 comments

Sunday, January 16, 2005 

Philip Thornton: A memo translated from 'Mervynese' - the outlook for borrowers is bumpy but benign: For those of us who earn a crust guessing what the Bank of England will do with interest rates each month, 2004 was quite an easy year.

posted by Bullish Bear  @ 10:41 AM 0 comments

Telegraph | Money | Economic agenda: Ignore the blips, house prices are falling: "prices are falling" We are at the start of what traditionally has been a busy period in the housing market and both buyers and sellers will be looking for succour about their prospects.
posted by Bullish Bear  @ 10:17 AM 0 comments

Saturday, January 15, 2005 

Telegraph | Property | All you ever wanted to know about the neighbours Asking someone British how much their house cost is about the most personal question you can ever put – apart, perhaps, from "How old are you?" or "How much do you earn?"
posted by Bullish Bear  @ 7:07 PM 0 comments Business - Personal Finance - If interest rates fall, don't just sit there - sort out your debts IN A week in which Gordon Brown, the Chancellor, has been in Africa championing the cause of reducing third-world debt, and the comedian Dawn French has been protesting at Westminster with a similar goal in mind, it might come as a surprise to consumers to learn that personal debt in the UK not only exceeds that of the entire African continent but that of South America as well.
posted by Bullish Bear  @ 7:03 PM 0 comments - Nation split over house prices: House prices fell everywhere in Britain in the last three months of 2004, with the exception of three northern English regions, according to the country's largest mortgage lender.
posted by Bullish Bear  @ 6:57 PM 0 comments

The Daily Reckoning - It Certainly Feels Like 1929 Today, we see many parallels to the 1920s, except this time the stock bubble came first. We suspect that when history books are written about the first ten years of the millennium, it will be a (credit crunch-induced) real estate collapse that is most memorable, rather than the NASDAQ collapse of 2001. Perhaps 2005 will be the year that real estate takes everything down with it, similar to how 1929 saw stocks take everything down with them. The parallels are obvious. How many people do you know who are real estate agents, mortgage brokers, appraisers, builders, developers, etc? Can you recall the last time you were at a restaurant or cocktail party and the conversation didn't swing to real estate?

posted by Bullish Bear  @ 6:47 PM 0 comments Property - Property News - Yields dip for buy-to-let landlords as rent levels slide: BUY-to-let landlords for the most part experienced a dip in yields last year.
posted by Bullish Bear  @ 6:41 PM 0 comments News - Scotland - Scottish property prices suffer reverse MORE evidence that Scotland’s long-running property boom is coming to an end was produced by the Bank of Scotland yesterday as it revealed that the housing market has suffered its worst slump for three years.
posted by Bullish Bear  @ 6:38 PM 0 comments

icWales - Investors move back to stock market: PROPERTY speculators are moving their investments out of the housing market as prices in Wales slow
posted by Bullish Bear  @ 6:37 PM 0 comments

Economic Indicators - The Week Ahead The Wriglesworth Consultancy Rightmove House Price Index - indicator of residential property prices in England & Wales, showing a fall in asking prices for the 3rd consecutive month.
posted by Bullish Bear  @ 3:52 PM 0 comments

Telegraph | News | Tough times ahead for sellers in quietest housing market for a decade Thousands of people are struggling to sell their homes as the property market across the country enters its quietest period for nearly 10 years.
posted by Bullish Bear  @ 3:51 PM 0 comments

Friday, January 14, 2005 

Times Online - A hint of spring Buyers are coming back if the price is right
posted by Bullish Bear  @ 1:51 PM 0 comments

This is Money - London on bankruptcy red alert: LONDON is the debt hotspot of England, with the number of people going bankrupt in the capital soaring by more than 50% over the past year.
posted by Bullish Bear  @ 1:44 PM 0 comments

Bury St.Edmunds Today: Axe falls on 50 jobs at Omar Homes Omar Mobile Homes, in London Road, will be slashing its factory workforce by nearly a quarter today because of a slump in the housing market.

posted by Bullish Bear  @ 11:14 AM 0 comments

The Herald: House prices avoid nosedive but slowdown is on the way House prices in Scotland are resisting a sharp slowdown, reinforcing the view that the property market is heading for a soft landing rather than a crash.
posted by Webmaster  @ 9:59 AM 0 comments

Thursday, January 13, 2005 

This is Money | Dealing with debt | Debt calls hit record levels Record numbers of people are contacting debt advice groups as financial worries proliferate.
posted by Bullish Bear  @ 3:46 PM 0 comments

BBC NEWS | Business | ECB holds rates amid growth fears The European Central Bank (ECB) has left its key interest rate unchanged at 2% for the 19th month in succession.
posted by Webmaster  @ 3:45 PM 0 comments

BBC NEWS | Business | Bank holds interest rate at 4.75% The Bank of England has left interest rates on hold again at 4.75%, in a widely-predicted move.
posted by Webmaster  @ 12:19 PM 0 comments

Wednesday, January 12, 2005 

Telegraph - 'Individual bankruptcies rise by 27pc' Individual bankruptcies rose by 27pc to a total of 45,000 last year, accountants Grant Thornton said yesterday, adding that London and Northern Ireland are 'hot spots' where debts are at dangerous levels.
posted by Bullish Bear  @ 12:22 PM 0 comments

The Independent: The right time to buy smart Overstretched first-time buyers are especially vulnerable in a falling market. Stephen Pritchard explains why
posted by Webmaster  @ 8:08 AM 0 comments

Tuesday, January 11, 2005 

BBC NEWS | Business | Festive sales 'worst in 10 years' British retailers have suffered their worst Christmas in 10 years with like-for-like sales lower than in 2003, a survey has said.
posted by Webmaster  @ 8:12 AM 0 comments

Monday, January 10, 2005 

BBC NEWS | Business | UK house prices dip in November UK house prices dipped slightly in November, the Office of the Deputy Prime Minister (ODPM) has said.
posted by Webmaster  @ 2:29 PM 0 comments

Mortgage Introducer:
haart surprise at Halifax's house price figures
Russell Jervis, managing director of haart estate agents, has expressed his surprise at Halifax's December house price data.
posted by Webmaster  @ 11:24 AM 0 comments

Sunday, January 09, 2005 

The Observer - Bank catches housing jitters: Bank of England policymakers are expected to leave interest rates at 4.75 per cent for the fifth successive month on Thursday as they watch the housing market downturn gather pace.
posted by Bullish Bear  @ 9:32 AM 0 comments

Saturday, January 08, 2005 

Times Business - Surprise rise in prices fails to lift housing gloom: THE downturn in the housing market is poised to worsen despite figures showing a surprise rise in house prices last month, Britain’s biggest lender said yesterday, The latest Halifax survey found that house prices rose by 1.1 per cent last month after two consecutive monthly declines, confounding City forecasts of another drop.

posted by Bullish Bear  @ 4:11 PM 0 comments

Guardian Unlimited - Saturday night's all right for vegging "Saturday night, I feel the air is getting hot - like you, baby," as pop philosopher Whigfield once remarked. But the air in the disco is decidedly cool these days as the vast majority eschew the traditional pleasure of donning their gladrags, going out on the tiles and tripping the light fantastic.
posted by Bullish Bear  @ 2:30 PM 0 comments

Telegraph | News | Have Tony and Cherie made a £3.6m property blunder? When Tony Blair and his wife Cherie bought a £3.6 million house last year they were hoping to secure their financial future and catch up what they had missed in their years away from the London property ladder.
posted by Bullish Bear  @ 10:05 AM 0 comments

Friday, January 07, 2005 

Guardian : Fears of a hard landing It is a fair bet that - tsunamis apart - the thing most worrying people at the moment is what will happen to house prices in 2005.
posted by Webmaster  @ 5:38 PM 0 comments

The Guardian | Halifax cautious on property despite December rise After a series of indices showing falls in house prices and mortgage lending, and a selection of fairly bleak predictions for 2005, Halifax offered a little hope to homeowners worried about a tumbling property market.
posted by Webmaster  @ 3:49 PM 0 comments

Thursday, January 06, 2005 | Society | Fraudbusters to investigate housing scams Housing associations are to be included in a national fraudbusting scheme in an effort to crack down on bogus tenancies, right to buy scams, and benefit fraud, it emerged today.

posted by Bullish Bear  @ 6:45 PM 0 comments

Littlehampton Today: Local property prices plummet HOUSE prices in Littlehampton fell by almost four per cent last year, apparently signalling the end for the time being of the town's housing boom, writes Roger Green.
posted by Bullish Bear  @ 6:44 PM 0 comments

icSouthlondon - Blitz on estate agents' bogus house boards UNSCRUPULOUS estate agents whose bogus "for sale" boards are driving up house prices are to be targeted in a trading standards crackdown.
posted by Bullish Bear  @ 2:50 PM 0 comments - Irish property market keeps growing Sherry Fitzgerald, the Irish Estate agent, has reported that second hand homes in the Republic have risen by 13% over the past 12 months.
posted by Webmaster  @ 8:00 AM 0 comments

Wednesday, January 05, 2005 

this is southwales: "Homebuyers are taking on lower mortgages and are stretching themselves less by making lower offers, a new report has revealed. Research shows that buyers know they have started the new year in a strong position which has also increased interest in the housing market."
posted by Bullish Bear  @ 10:04 PM 0 comments

Tuesday, January 04, 2005 

Telegraph: House crash 'main economic threat' The biggest threat to the stability of the economy is a sharp fall in house prices, according to a survey of 21 leading economists.

posted by Webmaster  @ 2:15 PM 0 comments Personal Statement from the Director When Nethouseprices launched the first (non-government) house price service for England and Wales, on 23 December 2004, I expected some interest but not nearly as much as we have had....
posted by Webmaster  @ 11:52 AM 0 comments Mortgage equity withdrawal slips Mortgage equity withdrawal in the third quarter of last year slipped to its lowest in more than a year, the Bank of England says, further evidence that higher interest rates are taking effect.
posted by Webmaster  @ 11:42 AM 0 comments

Monday, January 03, 2005 

Telegraph - A happy New Year? I don't think so It is that time of year again, the time for forecasters to throw caution to the winds. Every sane adult knows that the future is unknowable, so we soothsayers are bound to be wrong much of the time. It is a matter of doing our best - then doing it again. Here goes.
posted by Bullish Bear  @ 6:43 PM 0 comments Europe The U.K. economy, which has outpaced the euro region for 19 quarters, probably will grow at a slower pace this year as house prices decline and consumer spending eases, a survey of economists showed, raising the prospect of the first cuts in interest rates since July 2003.
posted by Bullish Bear  @ 6:28 PM 0 comments - Falling house prices the biggest worry The hands-down winner wasrapid falls in house prices. Over three- quarters of the economists polled, ranging from academics to City analysts, mentioned a severe housing downturn as a serious risk.

posted by Bullish Bear  @ 6:26 PM 0 comments

House Prices No Longer Slipping Through the Net for Consumers - UK house prices from Nethouseprices: " letting you spy on the neighbours with the launch of new house price comparison website"
posted by Webmaster  @ 2:21 PM 0 comments

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