Editor's Picks
| House prices 'see sharp decline' - 08 Apr '08 House prices fell by 2.5% in March, the biggest monthly decline since September 1992, much more than many analysts had forecast, the Halifax has said. |
| How boom quickly converted to bust - 25 Mar '08 Repo man comes calling at former mill's flats bought at the height of rush for riches. |
| US house prices suffer 11% drop - 25 Mar '08 US house prices fell at an annual rate of 11.4% in January, according to the latest monthly Standard & Poor's/Case-Schiller index. |
| Last 125% mortgage offer is scrapped - 23 Feb '08 The 125 per cent mortgage was rendered extinct yesterday as the final lender withdrew from the market. Birmingham Midshires, owned by the Halifax, became the sixth mortgage lender this week to stop offering loans worth more than the value of a property, amid increasing nervousness from banks and building societies about defaulters and the spectre of negative equity. |
| Property prices fall as buyers stay away - 28 Jan '08 House prices have fallen for the fourth month in a row, according to the latest survey, which highlights the worsening state of the property market. |
| Detached Misery for Homeowners - 17 Jan '08 Owners of detached houses saw an average of £8,394 wiped off the value of their homes in four weeks late last year. This works out at £270 a day. The average price of a detached house dropped by 2.4 per cent in November, bringing misery to thousands of families who have recently paid a fortune for a new home. |
| Now we must pay for the great inflation deception - 13 Jan '08 The proximate cause of the problems that confront the economies of both the US and the UK has been a prolonged period of excessive borrowing funded on low interest rates that were unsustainable. As the credit bubble burst and banks have been forced to rein in borrowing, both the UK and US face an economic slowdown that looks increasingly likely to turn into recession. |
| The house price crash starts in 2008 - 31 Dec '07 Ten years ago, in my book The Chaos Makers, I forecast what would happen to the economy in 2008: a house-price crash ahead of a wider recession. My prediction looks like being confirmed. |
| Alan Greenspan's legacy - 31 Dec '07 For a man once hailed by Gordon Brown as 'the world's greatest economist', Alan Greenspan's legacy is looking pretty tattered. |
| 1991 here we come - 08 Dec '07 Falling house prices, bad debt, and dire warnings of economic misery on the way. It all sounds remarkably familiar to Tim Lott, whose novel chronicled the last crash. |
| Buy-to-let landlords fear - 01 Dec '07 The sub-prime buy-to-let mortgage market has virtually collapsed after the summer’s credit crunch with lenders withdrawing almost 90 per cent of deals. |
| Slump in bank mortgage lending - 23 Nov '07 There has been a slump in the number of mortgages being approved for home buyers by UK banks. |
| Boom town becomes blackspot - 05 Nov '07 A blaze of autumn colour, once so vivid it inspired John Keats to write an ode, cannot obscure a 2% fall in the value of their homes in October - the latest evidence that the British property ladder is being replaced by a property snake. |
| The sky has already fallen - 26 Oct '07 If you are a bear, you must accept that you will always be wrong in polite society, and you will continue to be wrong all the way down to the bottom of recession. That is the cross that bears must bear. |
| Big fall in some apartment prices - 25 Oct '07 Significant price falls in a number of new build apartments in Manchester, Birmingham and Leeds have been uncovered by a BBC series on property. |
| ‘Nonsense’ report of price boom - 22 Oct '07 A CLAIM that a Northumberland market town has experienced a major boom in house prices was dismissed as ‘utter nonsense’ by local property experts yesterday. |
| Black clouds loom on horizon after years of plenty - 22 Oct '07 For the first time in 15 years, I am seriously worried about the outlook for the British economy, the housing market and sterling. For almost the whole of the period since 1992, when British economic policy was liberated on Black Wednesday, I have been at the optimistic extreme of economic opinion in Britain. Today, however, I find myself at the opposite end. |
| How the roof fell in on America's property gamblers - 21 Oct '07 If you want to know if Britain is heading for a housing market crash, you don't have to listen to the Cassandras at the IMF - just take a look at what has become of the American market. |
| Squeeze on borrowers as banks lift loan rates - 20 Oct '07 Lenders have increased their personal loan rates by as much as 12 times the rise in the Bank of England's base rate in the wake of the credit crunch. |
| Held to ransom - 14 Oct '07 What do a £700,000 flat in Mayfair, a £3m townhouse in Notting Hill and a similarly priced house in the country have in common? All are prime properties that have seen more than 10% price growth this year, but whose owners have recently fallen victim to the rather nasty practice of gazundering. |
| Britain's deflating buy-to-let bubble - 11 Oct '07 Investors are struggling with rising mortgage costs and weaker house price growth. |
| Monthly mortgage repayments hit 15-year high - 09 Oct '07 Home owners are paying more on their monthly mortgage repayments than at any time since the property crash in 1992, according to official figures. |
| Sub-prime loans blamed for 7,000 lost homes - 08 Oct '07 Seven out of 10 homes repossessed in recent months were owned by people who bought them with the help of so-called "sub-prime" mortgages. |
| Silver lining for buy-to-let owners - 08 Oct '07 The property market might be slowing, but landlords are finding that they've never had it so good as loans become easier to get, reports Paul Farrow. |
| House prices: on the edge - 07 Oct '07 The property market has ground to a halt in some areas and many sellers are having to slash prices by 20 per cent to drum up interest in their homes, a survey of estate agents conducted by?The?Sunday Telegraph reveals. Teresa Hunter reports. |
| Renting now cheaper than buying - 05 Oct '07 Renting a house in England and Wales is now cheaper than buying it with a mortgage, say market analysts Hometrack. |
| House prices could drop 50% - 03 Oct '07 House prices could fall by up to 50%, research on historical pricing trends has suggested, as a series of market indices showed that residential property continued to slow this summer. |
| US house sales 'in free fall' - 03 Oct '07 The US housing market appeared yesterday to be spiralling downwards as the number of Americans able to find prospective buyers for their homes fell to a record low... |
| House prices at standstill - 02 Oct '07 House prices were unchanged in September, according to a monthly survey of estate agents released yesterday by Hometrack, the property information company. This was... |
| UBS slashes jobs - 01 Oct '07 8am: Swiss bank is axing 1,500 jobs and parting company with two senior executives after running up huge losses in the sub-prime mortgage crisis. By Graeme Wearden. |
| Buy-to-let crisis as new flat prices fall 40 pc - 01 Oct '07 The buy-to-let market is in crisis as 40 per cent has been wiped off the value of new purpose-built investment properties in the past year, a survey by The Daily Telegraph has found. |
| Brokers ignore lies on mortgage applications - 01 Oct '07 Mortgage brokers are still offering "profoundly irresponsible" mortgages to first-time buyers despite the recent call by the Chancellor for banks to return to responsible lending in the wake of the Northern Rock fiasco. |
| House prices tumble - and continue to spiral upwards - 30 Sep '07 House prices have tumbled. No, they're still spiralling upwards. Or else they're nervously stuck in neutral. In fact, any of these scenarios can be found if you look at local housing market figures rather than the more soothingly stable national house price surveys. Below the surface of the major price reports, showing overall trends, there are all kinds of fluctuations, undercurrents and apparent inconsistencies. |
| Easy money from property? - 30 Sep '07 There’s blood on the streets of Britain’s housing market. Five successive interest-rate rises have gouged deep wounds, but the coup de grâce could be yet to come – an estimated 2m people on fixed-rate mortgages will have to take out new loans at higher rates within the next 12 months, sending their monthly payments soaring and reducing their ability to trade up. |
| Hidden drop in house prices - 30 Sep '07 Amid a deepening housing slump, givebacks have become increasingly common, even expected as a matter of course here and nationwide, economists and real estate agents say. And because they're unmeasured, they mask an erosion in housing prices. |
| The property time bomb - 29 Sep '07 Steep mortgage increases and falling house prices point to a market teetering on chaos. Edmund Conway plots a course to safety. |
| Attention turns to foundations of spending built on debt - 29 Sep '07 The smug adage "neither a borrower nor a lender be" has gained in force over the past two months. Those with enough cash squirrelled away to sit out the credit squeeze... |
| Homeowners face payment shock - 28 Sep '07 Homeowners with patchy credit histories are set to face a 26 per cent jump in their monthly mortgage payments due to the global credit squeeze, according to a new report. |
| Buy-to-let, boom-to bust fears? - 28 Sep '07 The buy-to-let business has boomed in the past five years and the number of buy-to-let mortgages has more than quadrupled as ever more people come to regard it as the dependable alternative to uncertain savings and pensions. |
| House Prices Fall In Every Region - 25 Sep '07 The average house price in August was £221,708, according to the latest figures from team Association, the UK's largest branded network of independent owner operated agents. Overall, prices slipped in every single region, as the traditional summer slowdown was compounded by the credit crunch, interest rates squeezing affordability and the rollout of HIPs (Home Information Packs). |
| Borrowers told to lie about wages - 25 Sep '07 People applying for sub-prime mortgages are being advised to lie about their incomes, the BBC has learned. |
| Home sales continue spiral down - 25 Sep '07 Housing markets continued to slump across the nation in August as the number of existing homes sold dropped for the sixth straight month, according to the latest report from the National Association of Realtors. |
| Is the UK next in line for a subprime housing crisis? - 25 Sep '07 The International Monetary Fund has predicted that the subprime problem in the US will continue to unfold 'at least through 2008'. What's more, the IMF says that the UK has a similar subprime problem... |
| UK public finances worse than expected - 24 Sep '07 The UK government’s finances swung into deficit in August, registering the worst readings for that month since records began, official data showed on Monday. |
| My buy-to-let dream cost me everything - 23 Sep '07 Mortgage bank Abbey has been accused of fuelling the debt crisis by offering a home loan worth up to 125% of a property's sale price - and many rivals seem willing to lend whatever the risks. Richard Dyson reports how one buy-to-let investor has been ruined by an ill-fated property speculation - funded by some of our biggest banks. |
| Abbey's loan lunacy - 23 Sep '07 I am less easily shocked by the idiocy of the financial-services industry than I used to be, but the latest product from Abbey left me temporarily speechless. The UK’s third-biggest mortgage lender has chosen now, of all times, to introduce a mortgage that allows you to borrow up to 125% of the value of your house. You get 100% of the value of the property plus a £25,000 loan, so if your prospective home was worth £100,000, you would be borrowing 125%, and if the house was worth £150,000, you would get £175,000 or 117%. |
| House price crash feared as landlords sell - 23 Sep '07 Buy-to-let landlords could trigger a house price crash as increasing numbers sell their properties because of higher interest rates and fears of price falls. According to property website landlord.co.uk, many are panic-selling, fearing a bleak winter for the housing market. This supports findings in a survey by the Royal Institution of Chartered Surveyors (RICS), which recorded landlord sales at their highest for two years in the second quarter of this year - having risen 44 per cent since the beginning of the year. |
| Northern Rock still lending 'recklessly' - 23 Sep '07 Northern Rock stands accused of “reckless” lending after it emerged this weekend that the beleaguered bank is still offering mortgages of six times salary to potential borrowers. Despite provoking the worst banking crisis for decades, the bank last week offered a reporter posing as a first-time buyer a £180,000 mortgage even though he had a salary of only £30,000. |
| Labour's moment of peril - 20 Sep '07 SINCE Labour swept into power in 1997, there has been only one brief moment when the government looked really vulnerable. That was when road hauliers blockaded refineries in the autumn of 2000 and the nation seemed about to grind to a halt. But this week's run on Northern Rock has been just as perilous. |
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