Latest Property News

• House prices fall to 2-1/2 year low
  

  Published 28th Oct 2008

  English and Welsh house prices fell by 7.3 percent in the year to October, with the pace of decline accelerating to take prices back to their lowest since March 2006, property consultancy Hometrack said on Monday

• Cyprus sails through credit crunch
  

  Published 22nd Oct 2008

  Contrary to the sales downturn being experienced by many overseas countries, Cyprus’ property market has remained buoyant..

• Major banks yet to pass on interest rate cut to borrowers
  

  Published 22nd Oct 2008

  Three out of four banks have failed to pass on this month’s interest rate cut, dashing hopes that borrowers would benefit from cheaper mortgage deals

• Government home help fails first time buyers
  

  Published 21st Oct 2008

  HALF of first-time buyers and key workers are confused or have never heard about the government’s shared equity schemes, which allow cash-strapped borrowers to part-buy a property, a survey showed today

• House sales slump 53% across UK
  

  Published 21st Oct 2008

  The number of property sales in the UK has fallen by 53% in the past year, according to the latest figures from HM Revenue & Customs (HMRC)

• Government new build home targets unlikely to be met in East of England
  

  Published 16th Oct 2008

  The Government's national housing target of building two million new homes by 2016 is looking further out of reach with the downturn in the construction industry sending growth in private housing workloads to a record low, according to the latest RICS UK Construction Market Survey

• Housing slump could be over next year, MPs hear
  

  Published 16th Oct 2008

  The housing market slump could be over as soon as next year if the cost of home loans falls by a further half-point, a leading housing market expert told MPs yesterday