The declining number of residential new build developments is taking its toll on the construction sector with workloads falling at the most dramatic rate for over a decade, says the RICS UK Construction Market Survey.

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The European Central Bank has decided to increase interest rates by a quarter of a percentage point to 4.25 percent, the highest level since 2001.

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The National Housing Federation has welcomed a new package of proposals, announced by the housing minister Caroline Flint, to kickstart affordable house building.

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New measures designed to respond to the impact of the credit crunch on the housing market and maintain the delivery of new affordable housing, has been announced by Housing Minister Caroline Flint.

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The UK Government must overhaul stamp duty land tax radically to create a fairer system for consumers, according to the Royal Institution of Chartered Surveyors.

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The National House-Building Council has welcomed the launch of the ‘Zero Carbon Hub’ - the new public and private partnership, which has been charged with making zero carbon homes a reality from 2016.

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Stroud & Swindon, the South West’s largest building society, has launched a new range of two and three year fixed rate mortgage products.

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Following the release of the Nationwide house price index, Chris Brown, President of the National Association of Estate Agents (NAEA), the residential sales arm of the National Federation of Property Professionals (NFOPP), said:

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The value of prime central London property fell by 5.5% in the second quarter of 2008. This follows two quarters of less severe falls, bringing the total fall since the peak of summer of 2007 to 9.0%.

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