According to the Halifax, the UK’s biggest mortgage lender, house prices fell 2% during June. The fall has meant that prices were 6.1% lower than a year ago with the average price of a home costing £180,344, the same level as prices in August 2006 >> more

A Devon man has just successful bought a £500,000 beach side apartment buy using his £70,000 Maserati in part exchange. The Plymouth estate agents are also accepting anything of value from cars to jewellery and even jet skies in part exchange. This is just the latest in innovative ideas from e... >> more

The number of people moving house has fallen to its lowest level since records began in 1978. >> more

Mortgage lenders have come up with plans to help kick start the mortgage market. The council of Mortgage lenders want the Bank of England to guarantee a market in mortgage-backed securities and covered bonds. This would hopefully encourage investment in the market, pushing funds back into mort... >> more

A rent first buy later scheme is one of the many initiatives the Government is introducing to boost the property market. The pilot scheme will be eligible to some households in England who earn under £60,000 They would rent the property at a discounted rate for two to three years with an option t... >> more

Scottish housing market, which has continued to perform better than the rest of Uk, is starting to crack when it suffered a further slump last month. The number of Chartered Surveyors who reported a fall in prices has increased. Overall 59% said prices remained unchanged while 37% reported prices fa... >> more

Halifax the country biggest mortgage lender has cut its rates for the second time this week, raising some hope that the worst of the property market down turn is over. >> more

Sir John Gieve has declared that inflation will rise to ‘well over’ 4% for most of the remainder of the year. >> more

Fear and pessimism has descended upon Europe with some worried that the region could head into a recession before the US. Many EU nations like Spain and Ireland are in serious trouble. Spain’s economy minister has said the country faces its "most complex crisis ever" after the collapse in the Spa... >> more

The Mortgage squeeze continues with the news that there has been a further drop in lending. The fall in gross lending is growing, with a 3% dip from May to June. Gross lending declined to an estimated £23.8bn some 32% lower that June 2007. >> more