According to the government’s Communities Department, house prices in UK fell by 2.5% in October, raising the year-on-year rate of decline to 7.4%. Accordingly, the average price of a home is down by £203,539 - a fall of more than £12,000 in the six months from May.
The Communities Department has measured that prices have fallen [...]

2009 is going to be the toughest year for the London city Property and national economy since the early 1990s slump. Headlines are likely to be dominated by job losses and it has been widely predicted that there will be an avalanche of profit warnings. A PACEC study for the Local Government Association published in [...]

From Hamptons International -
Key Figures

House prices have fallen by around -25% since the peak of the market last year (July 07)
The top end of the market (£2m+) was initially more resilient. However, it has now fallen back in line with the mainstream market
Sales applicant numbers have dropped by -46% Year-on-Year (YoY)
Transaction figures [...]

Under normal circumstances this surge in demand for rental property would have led to further growth in rent levels. That did not occur due to the parallel increase in the availability of stock to rent. This
stock came from a number of sources:
• Un-sold stock in the second-hand salesmarket, where owners were either unable to find [...]

Estate agents in Clerkenwell are common in this central London location and this area which is currently seeing a boom in property rentals and sales. Taking it’s name from the Clerks’ Well in Farringdon Lane, this area in the London Borough of Islington is located close to major Tube stations like Holborn and Farringdon, perfect [...]

To summarise residential prices fell in 2008 by 10% in Midtown, 12% in the City and 17% in Docklands. The faster rate of price falls in Docklands ( Limehouse Property , Wapping Property ) is due to local supply and demand factors, including the amount of stock under construction in major schemes, a previous reliance [...]

A year ago we reported that the economic difficulties then emerging were better described as a “banking crisis” than the “credit crunch” or “credit squeeze”. This was in the aftermath of the spread of the sub-prime mortgage contagion from the US to Europe and the rescue of Northern Rock by Her Majesty’s Government in September2007. [...]

The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level in more than half a century.
The move has been welcomed by many commentators who said the cut would help the slowing economy.
Hetal Mehta, of the Ernst & Young Item Club, said the cut was the [...]

According to the Nationwide House Price Index, house prices in the UK fell by a modest of 4% in the month of November, marking an annual decline of 13.9%, which is down from a 14.6% in the year to October.
Fionnuala Earley, Nationwide’s Chief Economist commenting on the figures said that prices fell [...]

Due to the severe economic crisis more and more properties are being auctioned – many of them repossessions. Latest figures from the Financial Services Authority show the number of homes seized in the three months to June was 71% higher than in the comparable period last year.
Potential first time buyers, are wondering whether [...]