Nash Peters

The property market can appear complex and daunting, unless you know what you are doing. But, don't just take our word for it, here are some articles on the current state of play of the property market:

AUCTIONS POINT TO STEEPER FALL IN HOUSE PRICES

"The average price of a property sold at auction dropped nearly 30% over the past 12 months leading analysts to predict that house prices in the general market have a lot further to fall." Read more »

REACTION TO FALLING HOUSE PRICES

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The UK's biggest building society says that UK house prices have dropped for 12 consecutive months.

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A YEAR INTO THE CRUNCH 30,000 POUNDS WIPED OFF AVERAGE HOUSE PRICE.

"The average British home has seen almost 30,000 POUNDS wiped from its value since the market peaked this time last year, according to a survey from the Nationwide Building Society" Read more »

PROPERTY CRASH PUTS FUTURE OF LAW FIRMS IN DOUBT

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The future of many Northern Ireland law firms could be in doubt after a dramatic slump in conveyancing work.

 

One firm has already been declared bankrupt and staff at others have been laid off or taken pay cuts.

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HOUSE PRICES DOWN 15% IN YEAR-LONG CRASH

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House prices fell for a twelfth consecutive month in October, cutting almost 15% of the cost of the average British home, according to Nationwide Building Society.

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UK HOUSING MINISTER SEES 5%-10% HOUSE PRICE FALL IN 2008

"A set of secret Cabinet briefing notes accidentally revealed by the housing minister added more gloom to the picture of the UK economy, media reports said.

UK Housing minister Caroline Flint's note said house prices could fall "at best" by "18%  in 2008. The notes also said "We can't know how bad it will get".

The notes were photographed as Flint carried them to 10 Downing Street to attend the weekly Cabinet meeting on Tuesday morning.
" Read more »

RECESSION?

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GOVERNOR of the Bank of England Mervyn King last week became the first high-profile public figure to admit that the economy was headed for the rocks and families should brace themselves for rising unemployment, falling house prices and the prospect of a recession.

At best the economy will slow, and King warned the good times were over. So what could recession mean for you and your family?

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HOUSE PRICE FALL

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Housing Minister Caroline Flint warned the Cabinet that "at best" prices are set to fall by 5 to 10 per cent this year.

She also briefed colleagues that housebuilding was "stalling", adding starkly: "We can't know how bad it will get."

The bleak assessment emerged when Ms Flint carelessly exposed a sheet of typed notes to photographers as she entered Number 10 for the weekly Cabinet session.

" Read more »

UK HOUSE PRICES HIT BY RATE RISES

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House prices have been falling in parts of the UK this summer as mortgage costs have become more expensive, according to research from the FT house price index.

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RATE RISE WILL HURT

"Many people have asked me during the past few weeks how the commercial real estate market in Anchorage is being affected by the large number of foreclosures in the national housing market" Read more »

GOVERNOR WARNS OF INTEREST RATE INCREASES

"TIMES could get even tougher for Britain according to the Governor of the Bank of England. Mervyn King said soaring oil prices may lead to a rise in interest rates." Read more »