UK house market 'losing impetus'
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UK house prices fell by 1.1% in October, confirming a softening of the housing market, the UK's biggest mortgage lender says.
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Business & money: House price inflation eased last month to its slowest pace in a year.
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The housing market will stagnate rather than slump, economists insisted after figures from the Halifax revealed a 1.1 per cent drop in prices last month.
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The average price of houses in England and Wales has fallen by nearly Â£4,000 in five weeks, new figures suggest.
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A swathe of data from UK lenders backs up  claims that the UK property market is slowing down after its recent boom.
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House price inflation appears to have reached a plateau, according to government statistics.
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Growing numbers of people are being squeezed out of the housing market, researchers have concluded.
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UK house prices fall for the second time in three months, according to Nationwide building society.
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New figures from major banks and building societies confirm that the UK housing market is slowing down. The Council of Mortgage Lenders and the Building Societies Association have both recorded a slowdown in mortgage lending.
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HOUSE prices have shown their largest decline in four years, according to figures out yesterday. The data came as the Bank of England announced that its interest rates would stay at 4.75 per cent.
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UK house prices are "coming off their peaks" and may fall by 20% in the next three years, Barclays Bank says.
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The UK property market slowdown continued in November, according to the latest government figures.
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The monthly figures may provide some relief however, that the UK housing market is not showing signs of a sustained downward trend after last month&#39;s figures showed a drop in prices of 0.1pc from August.
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The tide has &quot;definitely&quot; turned against the seller in the housing market, a leading property expert said today as he published figures showing that prices have fallen for two consecutive months.
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UK house-price inflation slowed for a second month in August, suggesting higher borrowing costs are deterring buyers, a survey by property Web site Hometrack showed.
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A swathe of figures have provided further evidence of a slowdown in the UK property market. The Council of Mortgage Lenders (CML), British Bankers Association (BBA) and Building Societies Association (BSA) all said mortgage lending was slowing.
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The Land Registry confirms the housing market slowed down in the last quarter of 2004.