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09/05/2008 - Mortgages are harder than ever to come by.
In March the number of new mortgages approved for house purchases fell to their lowest level since January 1999, when current records began, according to the Bank of England.
Only 64,000 new mortgages were approved in March, which was 44% down on the figure for the same month last year, and down from 72,000 in February.
06/05/2008 - First time buyers taking risky route.
The withdrawal by lenders of the 100% mortgage, as well as the lack of cheap mortgages which were so readily available last year, means that first-time buyers need to raise a large deposit for their house purchase by other means in order to get onto the property ladder.
30/04/2008 - No cheer is sight for housing market.
HBOS, Britain’s largest mortgage lender, has revised its earlier forecast of a low single-digit drop in UK house prices to a drop of around 5% in 2008. The pessimistic outlook by HBOS was further confirmed by the latest house price index (HPI) from Halifax, which fell by 2.5% in March, the steepest rate of decline since the property slump of the early 1990s.
The HPI findings show that UK house prices fell by an average 1% in the first quarter of 2008 and by 4% from their peak in August 2007.
22/04/2008 - Demand falls for commercial property.
Demand for commercial property has fallen at the fastest pace for over six years and rental confidence in the UK market has fallen at the fastest pace for a decade.
This is according to research from the Royal Institution of Chartered Surveyors (Rics), which finds 30 percent more chartered surveyors reported a fall in demand rather than a rise for commercial property in the first quarter of 2008.
10/04/2008 - More interest rate cuts expected
Interest rates could come down again by the summer after the cost of borrowing has been slashed to 5%. The borrowing boost marks the third time rates have been trimmed since, with figures earlier this week showing that house prices fell 2.5% last month - the biggest monthly drop since the property crash of the early 1990s.
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