Latest Property News

• World's house values fall for the first time
  

  Published 24th Nov 2008

  Global house prices fell for the first time on record over the past three months, underlining the extent of the downturn

• Further rate cut likely after MPC minutes reveal unanimous vote
  

  Published 20th Nov 2008

  The Bank of England sent out a clear message yesterday that interest rates would be cut again next month when it revealed that the monetary policy committee considered reducing borrowing costs by more than the 1.5 percentage points it announced this month

• Northern Rock responsible for 10% of all repossessions
  

  Published 18th Nov 2008

  Nationalised mortgage lender Northern Rock expects to be responsible for 10% of all repossessions this year as it races to repay its loan from the taxpayer and tries to return to the private sector

• House rents fall as unsold properties flood market
  

  Published 18th Nov 2008

  Rents fell for the first time in five years between July and October as home-movers flooded the rental market with properties that they could not sell

• Homeowners could be forced to sell part of their land so travellers and gypsies can have permanent sites
  

  Published 17th Nov 2008

  Homeowners are facing the prospect of being forced to sell their own land to make space for gypsy campsites under orders from the government

• Abbey is the first to re-enter the tracker market
  

  Published 12th Nov 2008

  Abbey today became the first high street lender to relaunch mortgage deals pegged to the Bank of England base rate

• Mortgage squeeze 'stifles' market
  

  Published 11th Nov 2008

  A lack of available mortgages is "stifling" the housing market, according to the Royal Institution of Chartered Surveyors (Rics)