The price of a typical house fell by 1.7% in July, but have experienced their biggest annual fall since Nationwide began its housing survey in 1991.

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Following the recent Government that Property Information Questionnaires (PIQ) could become the new mandatory element of HIPs, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA) gave the questionnaires a cautious welcome.

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A proposal to further enhance the home buying and selling process for consumers by presenting information in a simpler way up front in a Home Information Pack, has been announced by the Government.

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For two-thirds of second home owners with property abroad a rise in travel costs due to green taxes would not impact upon their travel to an overseas property, according to the latest results of a survey carried out by Savills Research and Holiday-Rentals.co.uk.

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July saw the tenth consecutive fall in house prices this year with price falls more concentrated in southern England, Hometrack has said.

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Following the release of Sir James Crosby’s Interim report commissioned by the Treasury in April, Peter Bolton King, Chief Executive 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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Commenting on the publication of Sir James Crosby’s report on the British mortgage market published today, Liberal Democrat Shadow Chancellor, Vince Cable said:

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The Government may have to use taxpayer’s money to guarantee billions of pounds of mortgage debt if the housing market is to recover from the credit crunch, a new report has said.

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New figures from the Bank of England has shown that the slowdown in mortgage lending continues.

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Falling house prices may result in falling rates of divorce, as the slowdown in the economy has put pressure on many households, with struggling couples choosing not to divorce because they will have less equity in their property to share upon separation, Savills Research has found.

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