| Category: News |
LONDON (ShareCast) - House prices fell at the fastest annual rate for 16 years in June, but the month -on-month pace of decline slowed, with the latest fall a third of that seen in the previous month.
Falling house prices and rising rents mean that first-time buyers are better off entering the property market than continuing to rent long term, according to new research.
LONDON (ShareCast) - Tougher lending criteria, higher food costs, rising fuel prices and soaring utility bills caused a slump in mortgage lending last month to its lowest level since records began more than a decade ago.
So far David Kuo's predictions for 2012 have had good and bad implications for many of us, and his third forecast (which you can read by downloading our free online guide) is no different. With house prices expected to stagnate or fall while wages are predicted to continue to steadily increase, we could expect to see the house price to earnings ratio improve for the first time since 1995.
