In June, the UK property industry received its fourth Housing Minister since the start of 2008 - the ninth person to hold the position in twelve years of Labour Government.
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The UK Housing market saw prices rise slightly in July, but overall the market is softening, according to the latest market survey from the Nationwide.
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The numbers of repossessions and cases of mortgage arrears both rose in the first half of this year, but both remain at extremely low levels by historical standards, according to new results published today by the Council of Mortgage Lenders.
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The Centre for Economic and Business Research has predicted that UK house prices are set to fall in the coming months, but won’t crash.
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Irvine in Strathclyde, Scotland is the UK’s top property hotspot with a 44% rise in prices over the past year. Average prices in Irvine are up from £69,536 in 2004 Quarter 2 to £100,249 in 2005 Quarter 2.
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