House Price Falls Worse Than Expected
October 27, 2007
The latest survey from the Royal Institution of Chartered Surveyors (RICS), has indicated that the housing market is shaping up for a worse downturn than expected. The survey indicates prices falling faster than at any time in the past two years.
Mortgage Lending Falls Sharply
October 22, 2007
There was a 12% fall in mortgage lending in September, which adds great weight to the belief that the housing market is slowing down. The Council of Mortgage Lenders (CML) revealed figures showing that loans totalled £29.96bn in September – down by more than £4bn on August’s figure. The fall is twice the usual 5% drop expected at this time of year.