The UK property market is likely to bounce back before those of other countries because “we failed” to build enough houses, Gordon Brown has said. The prime minister told a City audience the US and Spain had “overbuilt” homes during the years of rising prices. In contrast the UK had a “pent-up demand”, as not [...]

Investors who have lost faith in the banking system are turning to property as a safe haven for their cash. Rebecca O’Connor and Grainne Gilmore, Times Online – 10 Oct 2008 Estate agents have identified a growth in interest from cash buyers, who want something tangible for their money rather than depositing it with banks [...]

£500billion bail-out stops bank meltdown – but at a cost to every taxpayer of £16,000. And Darling warns it may be even more . . Liz Hazelton, Mail Online – 8 Oct 2008 Alistair Darling’s emergency £500billion bank bail-out is equivalent to a £16,000 bill for every taxpayer, it emerged today. In an extraordinary move [...]

Fergus and Judith Wilson, Kent’s biggest landlords, are considering selling a substantial number of their homes, it can be revealed. KentOnline – 8 Oct 08 Fergus Wilson, who recently turned 60, admitted this week that he did not want to be the richest man in the graveyard. The Wilsons own more than 700 properties across [...]

Supply has fallen so far behind demand that an upturn is inevitable, says Graham Norwood Graham Norwood, The Observer – Sunday October 5 2008 House prices are going to rise again. That may seem a scenario far removed from today’s headlines about falling prices and haemorrhaging values. But, according to an influential economics consultancy, prices [...]