House prices continued to fall during August, with Nationwide reporting that the total drop in house prices over the past year has been by 10.5% - the first annual double digit fall since 1990.
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The pensions crisis is boosting interest in the buy-to-let market with investors opting to put their money into homes.
The Royal Institution of Chartered Surveyors has said that many landlords are viewing their rental properties as being a significant part of their pension plan.
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The latest Hometrack survey of the national housing market shows average house prices unchanged over the month of November.
It is the first time in 16 months that the survey of 7,500 agents across over 2,200 postcode districts has recorded anything other than a fall in average prices.
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Halifax has found that council tax bills have risen faster than average in areas with the most pensioners.
Since 1993/94, the average council tax bill per dwelling for all households in the 20 English Local Authorities (LAs) with the highest proportion of pensioners has increased by 149%, compared with a 121% rise in the overall average bill over this period. Chichester recorded the fastest increase, up 173% from £456 to £1,244.
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A lack of land and planning laws are causing rural social housing shortages and increased homelessness.
The National Housing Federation has told the government’s Affordable Rural Housing Commission that the rural situation has now become critical.
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Deputy PM John Prescott’s plans to build thousands of new homes has been condemned as “clumsy, insensitive and rushed” - by the Urban Task Force, a group set up by Mr Prescott himself.
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The monthly cost of servicing mortgages has remained at 18.6 per cent of borrowers’ household disposable income in October according to the monthly Woolwich Mortgage Affordability Research.
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Average asking prices on a home rose for the second straight month from mid-October to mid-November according to Rightmove.co.uk.
The report is suggesting that confidence is returning to the market.
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The Royal Institute of Chartered Surveyors has welcomed the announcement of the “go-live” date for Home Information Packs (HIPs).
The go - live date has been confirmed as the 1 June 2007. However, RICS remains convinced that success will depend upon public confidence in those responsible for delivering the reforms.
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Gross mortgage lending fell by 3% in October to an estimated £27 billion, according to the latest data from the Council of Mortgage Lenders.
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Jean-Claude Trichet who is president of the European Central Bank (ECB), has hinted that interest rates could rise.
The base rate has been at 2% in the Eurozone for the past five years, but this trend may be about to stop.
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