Research by Halifax Estate Agents shows that house prices in Liverpool have risen by an average of 76% from £79,886 to £140,842 since June 2003 when the city was designated as European Capital of Culture for 2008.

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The Financial Services Authority (FSA) has fined Derbyshire mortgage broker Approved Financial Solutions Ltd (AFS) £63,000 after finding the firm failed to ensure it gave suitable advice, and did not communicate accurate information about mortgage charges to its customers.

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The South West and South Wales may be best placed to withstand the credit crunch, according to a new survey by Knight Frank.

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Following the release of the Halifax house price index, Peter Bolton King, Chief Executive of the National Association of Estate Agents (NAEA) urged people in the West Midlands not to worry.

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Nationwide has said house prices rose by an average of 2.3% in England over the last 12 months, compared to the 6.9% rate of growth achieved in the last quarter of 2007.

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Terraced properties have proved to be the best sellers amongst Blackpool homebuyers, reports email4property.co.uk, with its monthly house price index showing that they recorded the biggest price increase of 4.8% in 2007.

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The mix-adjusted average house price in the UK in January 2008 stood at £221,758, up from £218,007 in December 2007 according to official Government figures.

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The UK house price inflation rate fell from 9.7 per cent in November 2007 to 9.1 per cent in December 2007 according to the latest Government figures.

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Halifax has reported house prices in the South East falling by 2.3% in Q4 2007, after rising by 9.6% in the first nine months of 2007.

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House prices fell by 2.3% in the East Midlands in Q4 2007 compared to the UK average fall of 0.8%, Halifax reports.

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